Trading systems
EBS reshuffles management team as volumes tank
EBS Market remains a key focus for the broker, chief executive Gil Mandelzis tells FX Week
Trade surveillance comes with a hefty price tag
Costs subject to rate and volume of transactions, and number of locations
Lucera launches FX trading platform
Clients have separate servers to avoid crowding and improve failure management
Nordea teams up with Caplin for single-dealer offering
Nordea Markets chooses Caplin Systems' Liberator service for its single-dealer platform
Trade life-cycle monitoring migrates to FX
A new breed of monitoring and surveillance technology arrives in FX
Thomson Reuters Matching suffers outage; trading unaffected
Customers were unable to test their connections to one of the main currency trading platforms due to a technical glitch
EBS Direct suffers outage, trades unmatched overnight
Glitch started in Asian trading but did not affect EBS Market platform
Lab49 unveils platform partnership with UBS
Technology consultancy has been working with UBS on its Neo platform since 2010, the firm reveals today
DealHub names Jyske Bank on FX Distribution Hub
FX technology firm DealHub publicly announces a second bank using FX Distribution Hub, following on from Commerzbank in September
Gain GTX gathers momentum as it awaits Sef licence
Gain Capital's institutional platform reached average daily volume of $20.4 billion in November, a year on from the appointment of Joseph Wald to run the platform
Perspectives on 2014: Simon Wilson-Taylor, Molten Markets
Algorithmic execution might have seemed implausible in the FX market a few years ago, but this will be the year when the market structure shifts further in a direction that favours algos, says Molten Markets chief executive Simon Wilson-Taylor
Perspectives on 2014: Simon Jones, Mako FX
This will be a year when banks face up to the reality of regulation, constraining their ability to innovate and provide consistent liquidity, but there is an opportunity for regional banks to gain an edge, says Simon Jones, managing partner at Mako FX
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
Perspectives on 2014: Gil Mandelzis, EBS
Last year was one of both innovation and frustration for EBS, as it continued to push new initiatives amid falling trading volume, but chief executive Gil Mandelzis is bullish for the future and believes the volume will recover
EBS to consider latency floor extension within weeks
Analysis of the randomised pause applied to AUD/USD and USD/CHF is almost complete, allowing EBS to consider an extension to other currency pairs, says platform chief
Thomson Reuters ‘considering’ randomisation on Matching platform
The largest FX trading platform by volume could be the latest trading venue to apply randomised pauses, following EBS and ParFX
Dealers losing exclusive role in FX, BIS report notes
A new analysis of the 'anatomy' of the FX market notes the increasing influence of non-dealer financial institutions, following this year's triennial survey
Caplin launches hosted single-dealer platform service
Caplin Direct managed service is designed to provide an out-of-the-box platform for banks looking to distribute FX liquidity
SG CIB joins ParFX as latest bank member
The French bank has become the 12th founder member of ParFX, while Bank of America Merrill Lynch started trading last month without becoming a member
Sefs battle with confirmations after CFTC relief expires
A second no-action relief period that exempted Sefs from issuing confirmations expired on November 29, leaving FX traders unsure whether Sefs can handle the requirement
FX Week Europe: Low volatility blurs distinctions in e-FX
Only the return of volatility will determine which new and incumbent platforms have gained or lost market share, says SEB's Alastair Crane
FX Week Europe: Fix reform must address risk-reward imbalance
Banks should be better compensated for the risk they take when executing trades at benchmark rates, say panellists at London conference
Regulators clash on Mifid waivers
Some regulators and brokers have expressed fears that exemptions included in Mifid may mean European rules on trade execution are not equivalent to the US – but a key parliamentarian disagrees
FXSpotStream adds precious metals
Spot aggregation service adds precious metals, with prices streamed from liquidity providers through the same single connection