Trading
Changing role of the FX salesperson sparks debate at Afme conference
The sell-side foreign exchange salesperson has a changing role to play in the industry as a result of an increase in high-frequency trading and the advent of new regulations, according to panellists at the European Market Liquidity conference in London…
Spotlight on: David Rutter, Icap
Icap's head of electronic broking talks to FX Week about the evolution of the EBS spot platform, and plans for 2011.
London retains premier spot in FX, according to global volume figures
London remained the biggest financial centre for foreign exchange in 2010 according to semi-annual volume figures published in the UK and US on January 31, despite speculation it might be overtaken as a result of the UK government’s clampdown on bonuses.
Danske Bank hires Cioffi and plans global build
Danske Bank has hired Raffaele Cioffi to its spot trading desk in Copenhagen and plans to expands its global presence.
Icap to upgrade EBS block-trading platform
Interdealer broker Icap will upgrade Continuous Match, its newly launched FX block-trading platform, in the second quarter, the broker has told FX Week.
Standard Bank restructures London FX
Standard Bank is merging its London FX business with its local markets business, the South African bank has confirmed.
Thomson Reuters’s time in the spotlight?
The old rivalry between EBS Spot and Thomson Reuters might be getting a new lease of life, as Thomson Reuters positions the Thomson Reuters Dealing system as a Sef and MTF-compliant platform for bespoke product trading. And now the Matching Host…
Thomson Reuters Dealing targets Sef and MTF compliance by Q4
Thomson Reuters aims to make the Thomson Reuters Dealing peer-to-peer conversational trading application compliant under swaps execution facility (Sef) and multi-lateral trading facility (MTF) rules by Q4, the vendor tells FX Week.
ParkerFX loses out in November
The Parker FX Index reported a –0.39% return for November as the risk-aversion based US dollar rally caught out the majority of currency managers.
Icap to launch decimalised pricing on majors in February
Interdealer broker Icap will launch decimalised pricing on major currency pairs on EBS Spot on February 14, the broker told FX Week.
RBS appoints new head of North America trading
Royal Bank of Scotland has appointed a new head of North America trading for G-11 spot foreign exchange.
Value strategy up in November
Currency managers employing the value strategy are likely to have been the only managers to have generated positive returns in November, as the US dollar posted strong gains across all currencies, indicates research from Royal Bank of Scotland.
FXall releases Trading version 4.0
FXall is today (December 13) announcing the release of FXall Trading 4.0, which aims to bring together key benefits for all client segments including active traders, asset managers, banks and corporate treasurers.
Deutsche targets Russian corporates with Autobahn FX
Deutsche Bank will roll out its electronic trading platform Autobahn FX in Russia in 2011 as part of efforts to generate more flow from local corporates, according to a senior official at the bank in Moscow.
Currency ETPs kick off
ETF Securities saw assets under management (AUM) in its currency exchange-traded products (ETPs) rise by 16% to $240 million in the week of November 15, as investors moved to hedge euro risk.
Digital Vega launches multibank FX options trading platform
LONDON - Digital Vega has become one of the first vendors to fill a gap in the market for a multi-bank forex options trading platform, with the launch of Medusa last week.
HSBC wins Schaeffer from BAML in new US options role
HSBC has hired Burt Schaeffer as its North America and Latin America currency options trading chief.
Société Générale pushes Alpha FX
Société Générale has begun mass marketing of its in-house developed electronic trading platform, Alpha FX, as it phases out First Access, its Currenex white-labelled platform.
JP Morgan offers streaming spot DXY
JP Morgan is pushing out streaming tradable spot prices for the US dollar index (DXY) over its electronic trading platform MorganDirect, with liquidity across a full forward curve and the ability to roll positions automatically.
BIS: FX derivatives growth rate slows
The over-the-counter FX derivatives market has seen a slowdown in growth rate following the financial crisis, as revealed in the Bank for International Settlements’ (BIS) triennial foreign exchange survey and its semi-annual OTC derivatives statistics.
Regulation: The great unknown
The biggest risk going into the New Year is the impact of regulations on the forex industry.
BarCap still number one for e-FX
Barclays Capital held onto its crown as best bank in electronic trading for the third year running, while also moving up to first place for currency options and post-trade services categories.
FXall shines as professional electronic trading venue
FXall has claimed the top spot for electronic trading venues, ousting FXConnect, which drops to second place this year.
Clearing saga threatens structured products
Citi has usurped Barclays Capital as best bank for structured products, a category that could be in the spotlight as regulations are clarified.