Trading
Further consolidation looms in retail FX
Retail FX continues to grow at a faster pace than the broader market, but brokers face the tough challenge of dealing with strict regulations and remaining competitive in an environment of aggressive consolidation. Miriam Siers reports
ParFX targets buy side inclusion by Q4
The platform will open its doors to non-bank market participants later this year in what will be the real test of its level-playing-field design
StanChart expands e-FX experience into credit and rates
Following a reorganisation of its electronic trading business at the start of 2013, Standard Chartered’s Chris Knight now has responsibility for e-commerce in the eastern hemisphere across three asset classes. He talks to Joel Clark about what credit and…
FXCM hits record trading volumes
Return of volatility brings traders back to market
MIG Bank launches subsidiary in Hong Kong under MIG Capital Asia
Online broker targets rapid growth in foreign exchange trading in Asia with the establishment of a licensed office in Hong Kong
CFTC files complaint against Banc de Binary for breaching off-exchange options trading ban
Regulator gets tough on online brokers of off-exchange options brokers
Year-end ‘congestion’ looms for European trade reporting
Buy-side must prepare to meet their FX reporting obligations in Europe, which will be more challenging than in the US, webinar participants warn
GKFX backs Rising Sum
Retail broker expands into equity-linked contracts-for-differences with new trading tool
Cross-border resolution hinges on trust
Work to develop a cross-border recovery and resolution regime is progressing, but the need for individual regulators to sign co-operation agreements is seen as a potential problem. It boils down to trust – and that worries some participants. Michael Watt…
Hedge funds benefit from lower prime broker fees
Hedge funds can lock in favourable rates for prime brokerage services as competition forces banks to rethink pricing, says former BlackRock managing director David Geffen who now runs a consultancy
Insight Investment: The need for non-cash variation margin
Pension funds tend not to have a lot of cash lying around, making it difficult for them to meet clearing house margin calls. Specialist asset manager Insight Investment is pressing for a solution. By Tom Osborn
NAB's new trading head sets sights on EM FX
David Jones, newly promoted head of FX trading at National Australia Bank, is based in London rather than Sydney, and has a mandate to focus particularly on emerging markets
Consensus lacking on optimal length for randomised pause
The concept of applying a randomised pause to FX trades as a means of deterring disruptive behaviour has garnered support from the users of both EBS and ParFX. But how long should the pause be in order to be effective but not damaging to genuine…
FX prime brokers forced to terminate double give-up trades
Prime brokers have had to cancel four-way agreements for trades involving two buy-side firms, on the basis that a no-action letter issued by the CFTC on April 30 did not cover this type of business
ACI to develop new spot FX standards
Industry association plans to complete project by year-end to bring greater clarity to the definition of spot FX across currencies and geographies
Fair Trading Technology appoints four board members
Singh, Maasland, Vollemaere and Pounds join board of retail trading technology company
CLS hits new record as FX volumes spike
Almost three million payment instructions were settled by CLS on Tuesday following a surge in trading volumes towards the end of last week
Haitong Futures deploys FlexFutures trading platform
Chinese broker moves to match demand for local futures by qualified foreign institutional investors
FCStone fined $1.5 million for risk controls failings
Futures broker suffers $127 million in losses following risk management failing in client account
China's red tape reduction could lead to wider CNY trade band
Chinese regulator Safe's efforts to simplify investment into the country seen as a further sign of renminbi liberalisation
Single-dealer platforms will hold their own in the e-FX future
As banks jostle for position in the new electronic environment by launching and upgrading their single-dealer platforms, how they will fare against their multi-dealer rivals?
Diversified portfolios exposed to correlation risk, experts warn
Politics is a greater driver of G-4 currencies than traditional economic fundamentals, say panellists at CME event
‘No panic’ as Nikkei volatility spikes, dealers say
Traders say no sign of short volatility hedging after Nikkei 225 plunges
Sucden Financial live with liquidity on tradable
Open-source front end trading platform adds to liquidity pool and enters agreement with software developer MT4i