Liquidity
Ruble liquidity split unsettles market
EBS and Thomson Reuters are among the hardest hit by a dearth of offshore liquidity as some market-makers pull back from the ruble
Taiwan fixing could fragment offshore renminbi liquidity
Latest CNH fixing will be a boon for Taiwan’s derivatives market, but concerns have emerged over the potential silo-isation of the renminbi market
One last look at last look
Jacob Loveless, New York-based chief executive of FX technology firm Lucera, weighs into the debate over last look practices, which have come under scrutiny in recent weeks
World Cup set to "shut down" LatAm markets
FX markets are set to take an early summer break as the football tournament turns participants' heads away from the trading floor
Perspectives on 2014: Roger Rutherford, ParFX
With 12 banks now trading on ParFX as members, the platform will open up to the buy side in the coming months, which will test the strength of its business model and trading rules
BoE's Carney: liquidity support for CCPs a 'last-resort option'
BoE governor insists clearing houses must have enough liquidity to cope with default of two big member firms
FX Week Europe: 'Patchy' liquidity in FX a concern for the future
Concentration in the number of liquidity providers and the reliability of HFT market-making raises concerns for senior industry officials
Best Banks 2013: Citi reclaims top place from Deutsche
US bank has returned to top position in foreign exchange, having been voted best bank overall for FX dealing in the 2013 Best Banks survey
Political risk biggest challenge for Mena investors
Unable to predict the outcome of current turmoil in Syria and Egypt, investors have mixed outlooks for the Mena region over the coming months
Liquidity mirage continues in FX, despite platform efforts
Several FX trading platforms have taken steps to prevent price flashing and other disruptive practices, but some participants remain concerned about the quality of liquidity that is shown by platforms and aggregators
FX investors struggle to exit illiquid EM currencies
A rush to sell certain EM currencies in recent weeks has led to a dearth of liquidity and heightened the risk for buy-side firms
Corporate cash seeks new home as money-market reforms loom
New regulation on both sides of the Atlantic threatens to make money-market funds less attractive for corporate treasurers. Banks are hoping this cash will flood into fixed-term deposits instead, helping them meet incoming liquidity ratios, but they’re…
FX Invest North America: Central banks ‘getting away with murder’
Central banks are pursuing the wrong policies and will find it difficult to know when to tighten monetary policy, says Axel Merk at Merk Investments
Russian banks weigh up benefits of CLS membership
Local liquidity providers are pivotal to CLS success in the ruble, but Russian banks are not yet convinced of the benefits of membership
Traders prepare for HFT shift into emerging markets
Better infrastructure and deeper liquidity is attracting high-frequency traders to exploit EM currencies, say traders and technology providers
Banks told they will not benefit from Basel LCR delay
National supervisors tell banks not to lower liquidity buffers, with market forces also pushing banks towards 100% compliance with measure
Has last look had its day in FX?
Last look remains a divisive issue in the foreign exchange market, but some platform providers believe it has had its day and is no longer necessary for banks
Icap pushes into disclosed FX liquidity with EBS Direct
The launch of relationship-based pricing through EBS has attracted support from 19 named liquidity providers and will bring the platform into direct competition with ECNs and technology vendors
HSBC cleans up in emerging Asia and Emea
A strategic coverage in key emerging markets, coupled with its ongoing focus on onshore and offshore renminbi trading, has landed HSBC with a string of awards this year, including both emerging Asia and Emea
PFSoft launches white label solution for FX brokers
Technology vendor ties up with Lmax to offer liquidity to retail market
Gazprom Marketing & Trading: Powering up for clearing
Gazprom's UK-based trading subsidiary is hoping not to be hit by a clearing requirement - but has been doing its sums just in case, the company's treasurer, Michael Kawski, tells Lukas Becker
EBS appoints liquidity management head
Gil Mandelzis continues the restructuring of EBS's management team with the appointment of Ben Tobin as director of liquidity management
Banks struggle to build FX as liquidity slows
Falling levels of FX activity, particularly among institutional clients, have made it difficult for banks – particularly the newer entrants – to beef up their forex businesses,
SmartTrade plans upgrade to LiquidityFX aggregation tool
Liquidity management technology vendor will add several new functions to its new aggregation system by the end of this year