Trading
SEB eyes FX growth in London under new regional head
In his new role as head of FX for London, Shaun Barham has a mandate to grow the bank’s forex business in the city, as well as to bolster the FX prime brokerage business, which now reports directly to him. He talks to Robert Mackenzie Smith
Global margin standards face further delays
Proposals to collateralise non-centrally cleared derivatives could now be subject to further consultation and impact assessment, having missed the original end-of-2012 deadline
Citi prepares to go mobile with Velocity platform
The bank is testing a trading component for the mobile version of its Velocity platform, which will allow users to manage orders, and eventually execute on live rates, remotely
FXCM enables cross-asset margining via Phoenix
Online broker to roll out new trading platform to access exchange-traded and foreign exchange products
Saxo opens office in Istanbul
The Danish bank solidifies its presence in Turkey with a new office, headed by Egemen Kaya, formerly head of emerging markets and precious metals
360T licenses GFI Fenics for options pricing on Tex platform
The Fenics ePricer engine will support options trading on 360T's Tex platform as GFI Fenics broadens out its client base to multibank platforms
Traders braced for further yen weakness ahead of BoJ meeting
Many market participants were caught unawares by the sharpness of the yen's fall in recent weeks, but all eyes will be on the currency's reaction to this week's Bank of Japan meeting
Collaboration needed on FX options clearing
Introducing central clearing into the foreign exchange market under new regulations has proven a thorny process, particularly for FX options. The priority for market participants should be to agree on appropriate processes for pricing, valuation and…
Axa IM to move FX execution to TradingScreen as it phases out FXall
Axa Investment Managers aims to be live for FX on TradingScreen TradeEMS in two months’ time, having decided it needed more sophisticated tools than it was getting from FXall
Management changes announced at Oanda, Gain Capital and speculated at CMC Markets
Retail-focused trading companies shift strategies to new market and regulatory environment, while Cruddas tipped to return to chief executive post at CMC Markets
Mexican peso futures trading up 24% on CME
Following an 8% rally against the US dollar last year, CME's Craig LaVeille says the unit should continue to provide trading opportunities in 2013
Major online brokers publish fall in volumes and revenues
FXCM and IG Group retail and institutional traders cut activity amid market uncertainty and low volatility
Saxo Bank launches FX prime brokerage for institutional clients
The Danish bank will launch FX Prime on January 23, having developed the service in collaboration with MarketFactory
Mexican peso poised to dominate EM currency trading
Asian investors have been diversifying into EM currencies for some time, with the Mexican peso performing particularly well, but despite the potential for enhanced yield, emerging markets are not devoid of risk, banks warn
FXall trading volumes surpass EBS
Multi-bank trading platform bucks falling volume trend
DTCC forex repository hits launch deadline, despite bank delays
The DTCC has today launched its global trade repository for FX in line with CFTC deadlines, although dealers now have until February 28 to begin reporting
Retail foreign exchange brokers continue to diversify into CFDs as volumes fall
Online trading companies move to expand revenue streams as low volatility hits volumes
Participants encouraged by Thomson Reuters’ FX management changes
Phil Weisberg, who has been appointed global head of FX at Thomson Reuters, is widely seen as a strong appointment but will face challenges in his new role, say senior traders
The year of threats, or opportunities?
The maelstrom of strategic changes that have come to pass at EBS and Thomson Reuters now poses a threat to incumbent platforms that had previously capitalised on their reluctance to deviate from their core business
What’s in store for 2013?
While 2012 was defined by low volatility and a clear decline in client activity, it also saw some major changes in the structure of the foreign exchange market, with a host of new initiatives and opportunities. FX Week speaks to senior market…
Knight Capital and Getco merger to close in Q2
The merger of the two firms, which was announced on December 19, will see FX trading platform Hotspot FX fall under new management
Review of 2012: October - December
FX Week looks back on the biggest stories of 2012, concluding with the fourth quarter. To read the original stories, click on the links in black
Review of 2012: July - September
FX Week looks back on the biggest stories of 2012, continuing with the third quarter. To read the original stories, click on the links in black
Weisberg to head FX at Thomson Reuters as Singh departs
Phil Weisberg, FXall's chief executive, has been appointed global head of FX at Thomson Reuters, while FX architect Jas Singh is to leave the company after 10 years