Electronic trading
Wells Fargo beefs up in FX e-commerce
Wells Fargo recently completed the implementation of a new pricing platform developed by Integral. Robert Mackenzie Smith talks to head of FX e-commerce Stephen Godfrey about the bank's e-FX capabilities
FX Week Asia: Emerging markets FX moving electronic, say bankers
Client demand for electronic trading in emerging market currencies has risen in recent years, but more progress must still be made, according to senior traders in Asia
Wells Fargo taps Integral for new FX platform
US Bank launches its own FX pricing platform for customers using Integral's cloud-based technology
Credit Suisse overhauls single-dealer platform
Credit Suisse Plus, the Swiss bank's new fixed-income platform, will be rolled out to clients over the coming year, says newly appointed head of electronic sales
New buy-side platform targets March launch
Start-up venture BuysideFX will focus on improving FX workflow on the buy side and plans to be live with its first client by March 2013, officials have told FX Week
Spotlight on: Drew Niv, FXCM
FXCM’s co-founder and chief executive talks to Robert Mackenzie Smith about the challenges facing the foreign exchange market in 2012, as well as the company’s new initiatives, including the FastMatch platform and the 50% stake it has acquired in Lucid…
Alior eyes corporates with new forex platform launch
The Polish bank has partnered with Swedish technology vendor Aphelion to build a single-bank portal aimed at corporates
FX mobile trading apps move from retail to institutional
The use of mobile applications to access foreign exchange trading platforms has been a growing phenomenon among retail users for some time, but top-tier banks are also now competing to offer the full range of trade-related services through mobile devices…
Best professional e-trading venue: Hotspot FX
Hotspot FX wins the award for best professional e-trading venue for the second consecutive year - the only firm to do so in this year's awards
Citi wins double whammy for algos and Velocity platform
A combined effort to enhance Citi's standing in e-FX lands the bank awards for best algo trading technology and most innovative bank e-trading platform
Best trading technology vendor: Portware
Portware wins the award for best trading technology provider as its algorithmic and cloud capabilities gain increasing traction in the FX market
Best liquidity management system: smartTrade Technologies
SmartTrade Technologies wins the e-FX award for best liquidity management system, having gained increasing traction in the FX market with a number of large clients
EBS clamps down on disruptive behaviour with new dealing rules
The platform will more closely monitor practices such as flashing of orders as part of an effort to incentivise liquidity enhancement and drive out disruptive behaviour
FX sales veteran departs Nomura
Jake Rue, who most recently worked in structured FX sales, has left Nomura in New York
Thomson Reuters to acquire FXall by Q3
Thomson Reuters and multibank platform FXall say they have complementary customer bases and good relationships with bank liquidity providers
FXall enables users to access bank algorithms
New functionality allows clients to route algorithmic and limit order requests to selected banks
FX trading platforms: Spoilt for choice
Four new FX electronic trading platforms have been unveiled in recent weeks, each boasting unrivalled speed, efficiency and transparency. Can the market support them all?
Spotlight on: Douglas Pelton, Lufthansa
Douglas Pelton, treasury manager in the liquidity and risk management division at Lufthansa, talks about the German airline's currency exposures and the evolution of the e-FX business
Euro exit testing intensifies
Banks and FX market infrastructures are stepping up their efforts to prepare for a possible redenomination of eurozone currencies if Greece is forced to leave the currency union, but some investors would like to see new contracts to protect them from…
FX trading volumes remain in decline
Icap and Thomson Reuters both report further declines in trading volumes in April
No need for Sef Clarification Act, says CFTC's Gensler
Dodd-Frank requires transparency for derivatives trading, CFTC chair says - and final Sef rules will reflect that
Single-dealer platforms win out in electronic FX options trading
Forex option volumes and liquidity are increasing on electronic trading platforms, as providers push through the operational and competitive challenges of delivering streaming, executable prices to a diverse customer base. Despite apparent regulatory…
Overcrowded market for forex options platforms will lead to consolidation
With at least six new multibank options platforms now competing for market share, differentiation is crucial for participants, but some believe consolidation of platforms is also inevitable. Chiara Albanese reports
UniCredit hires senior trader in Hong Kong
Robert Ang joined UniCredit last week, reporting to Anke von der Recke, head of FX for Hong Kong