Electronic trading
Fenics to boost FX options offering as e-trading continues rise
Venue will offer streaming first-gen exotics pricing and is considering launching a Clob
LSEG buyout finally unshackles Matching and FXall
After watching the market evolve around them, platforms can finally get on the front foot
Inside Wells Fargo’s bid to take on big FX players
The third-largest US bank by assets plans to use large corporate flows to lure institutional clients
Shining a light on FX algo disclosures
FX Markets’ new algo database will enable readers to compare offerings from the major providers
Algos on parade: how top FX algo providers stack up
New FX Markets algo database shows differences across internalisation, analytics and client data handling
Inside Refinitiv’s high-stakes FX revamp
Fintech firm, flush with cash from new owner, preps much-needed makeover of Matching and FXall
FX code adherents may get better pricing, say LPs
If trading platforms reveal buy-siders’ code status, signatories could see lower prices
Passive algos and patient traders
Are all passive fills worth having? XTX’s Matt Clarke says not
Invesco bets on new tech to refine its FX trading
Home-grown tool will improve order routing and execution strategies, asset manager believes
GFXC launches public consultation on code review
Comment sought on proposed guidance setting out new disclosure expectations
Internalisation in the spotlight? Don’t hold your breath
Industry relaxed about internal hedging despite BIS warning of potential threat to price discovery
Could private match-making sink public market?
Rise in internal hedging sparks debate over its threat to price discovery
FX options: the race to electronification has only just begun
Could years of entrenched voice trading in FX options be about to end as electronification gathers pace?
OTC FX options market gears up for faster electronification
Share of electronic trading remains low but host of factors promise to change that for good
Growing internalisation could threaten price discovery, say LPs
Dealers might have to deliberately hedge on venues to bolster data, says Credit Suisse’s Estrada
Digital Vega, Spark deal hints at wider shake-up for platforms
Two trading tech firms seek point of difference as dealers cull vendor relationships in cost-cutting drive
Optiver becomes first non-bank options market-maker on FXall
Dutch e-trading firm joins OTC FX options platform in a market taking electronic baby steps
Algo users seek apples-to-apples info
BIS study raised concerns; standards now a work in progress at GFXC
Why central banks aren’t worried about FX algos – for now
Disclosure failings feed into FX code; other issues are worrying, but distant, says SNB’s Maechler
Asia’s FX markets step to the algorithm
Buy-side use of automated trading programs builds, albeit from a low base
Bilateral streams slash FX trading costs by 80%, dealers claim
Risk Live: FX dealers report 70% of spot traded in bilateral feeds, at least four times cheaper than RFQs and venues
Ion-Broadway merger approved with strings attached
Broadway chief executive Tyler Moeller leads consortium to buy divested fixed income business
Unleashing the potential of NDFs
Rocketing trading volumes in non-deliverable forwards are driving the market’s electronification, and that could be just the beginning
Algos make market thinner, but not less liquid – BIS
Trading robots change market microstructure, central banks conclude; new liquidity metrics may be needed