Liquidity
Liquidity woes are curbing FX growth
Difficulties in accessing alternative liquidity pools and the rising cost of trading are creating unexploited opportunities
Regulation will change markets, but slower than expected
But market participants say they are in the early stages of a transformation that could accelerate in the coming years
Curex chief: anonymity is key to best execution
Curex and FX Connect sign agreement to provide clients with an alternative liquidity pool
Edgewater Markets raises $30m for expansion drive
As part of the deal, the firm's board will gain two new participants from FTV Capital
China may introduce Tobin tax on FX transactions
A levy on currency trading could be put in place to fight speculation
CFH Clearing launches matching engine in TY3
The prime-of-prime provider aims to reduce latency and enhance execution by reducing the round trip between London and Tokyo by 200 milliseconds
PBoC confirms Russian swap transactions
Central banks of China and Russia disclose "several currency swap trades" since October, but no details
PBoC eases despite continued depreciation fears
China's central bank cuts reserve requirements amid intricate balancing act between buoying slowing growth, maintaining financial stability, and safeguarding the value of its currency
Asset managers need better handle on costs, processes
Panellists highlight the challenges they face in the pursuit of best execution
Buy side takes control of execution as liquidity worsens
Risk warehousing ability isn't there any more, say large buy-side traders
US dollar/yen basis blow-out to –100bp on negative rates
Bank of Japan's policy adds to the dollar-funding dilemma of domestic banks
CFH Clearing expands choice of white-label platforms
In March, the PoP provider will add Olfa Trade's Seamless FX to its range
The new FX equation
Firms are scrutinising expenses more than ever, but despite hard times, one market participant believes innovation will drive down costs and "our best days as a market are ahead of us"
Comparing apples and apples
With clients expecting more transparency, it is vital for firms to be in control of costs. The key is determining the true all-in price of execution
Breaking down the barriers
With parts of the over-the-counter FX market acquiring exchange-style characteristics, the exchanges themselves are becoming more customised
FX Focus: The new FX equation
The latest quarterly supplement, FX Focus, is now online
Volatility to be persistently higher as uncertainty rises
But Goldman Sachs Asset Management's head of international market strategy sees recovery in the global economy
Banks are still vital for FX
Liquidity provision may increasingly be a non-bank play, but credit remains a bank business
TCA requires standard benchmark and practices
The quest for a universal way of measuring execution quality continues
Execution costs still a riddle for FX participants
The sheer variety of choices hinders fair comparison
Part fills add to liquidity woes and sharp price moves
Not trading in full amounts makes market-making harder and more expensive for clients, say market participants
Sales remuneration set for shake-up
Venues and brokers shift focus to quality of flow amid rising price competition
China relaxes QFII limits amid calls for capital controls
FX regulator lowers the ‘lock-up’ period, during which foreign investors must wait before repatriating funds, from one year to three months, as analysts warn of renminbi devaluation
FXCM to stop offering Hong Kong dollar on February 26
Mindful of last year's SNB shock, the US broker decides to stop quoting HKD amid fears over peg