Trading
Forex TCA heads into pre-trade sphere
Banks are increasingly offering pre-trade transaction cost analysis in an effort to help their clients better understand how to ensure best execution prior to committing to the trade. Kathy Alys reports
Local trade repositories are necessary, says senior HKMA official
The benefits of local trade repositories outweigh the possible disadvantages of multiple reporting requirements, says executive director of HKMA’s financial infrastructure unit
Hotspot FX takes a hit from Hurricane Sandy
A power outage at Knight Capital's New Jersey headquarters yesterday forced Hotspot FX to request that clients divert business to other platforms
AML under the spotlight at FXDD
Retail broker slammed by industry regulator for compliance failures, signalling continued threat of abuse at retail forex brokers
UK FSA issues £250,000 in fines for reporting failures
Regulator clamps down on reporting failures. Fines are the first under new FSA penalties policy.
Advanced Markets exits US retail market
Margin forex brokers continue to exit US market to focus on institutional business
FX to remain a 'cornerstone' of streamlined UBS
Swiss bank admits FX revenues declined during Q3 but vows FX will be a core business in its downsized investment bank
TraFXpure accelerates as three more banks sign up
Bank-backed spot platform now has the support of nine banks as it reveals further details of its matching logic, which it believes will eliminate technology and latency arbitrage opportunities
NAB eyes further expansion after technology overhaul
National Australia Bank completed a three-year technology overhaul in August and now its head of FX and commodities trading is planning further geographical expansion. Miriam Siers reports
Euro will weather the storm, says Natixis economist
Germany will not allow the euro to fail, which is why the currency is performing better than expected, according to Asia economist at Natixis
Hong Kong dollar could be re-pegged, say traders
Recent intervention by the Hong Kong Monetary Authority to stem the strength of the Hong Kong dollar has prompted speculation the currency could be re-pegged
China to widen RMB trading band again before end-2012
Further liberalisation of renminbi is on the cards in the near future, says senior RBS strategist
SurfacExchange to move into emerging market currencies
The start-up currency derivatives platform will add the Brazilian real and the Mexican peso by the start of 2013 as it responds to investor demand for emerging market currencies
FX Week launches iPad edition
Joel Clark introduces FX Week's brand new iPad edition and explains how it will deliver extra value to subscribers
Wells Fargo beefs up in FX e-commerce
Wells Fargo recently completed the implementation of a new pricing platform developed by Integral. Robert Mackenzie Smith talks to head of FX e-commerce Stephen Godfrey about the bank's e-FX capabilities
Faros Trading moves into options
Faros Trading, which was established in 2009, has added FX options to its product suite
CLS aims to double currency coverage by 2022
New chief executive David Puth answers the pressure on CLS to add to its 17 currencies by setting a goal of doubling its coverage over the next 10 years
Spotlight on: David Puth, CLS
As newly appointed chief executive of CLS, FX industry veteran David Puth has a job on his hands to expand and improve the utility’s capabilities, currencies and participation to take it to where regulators and the industry need it to be. In his first…
Saxo creates new client office after two key departures
Saxo Bank has opened a new department focused on products and services, following the departure of its heads of marketing and platforms
Banks welcome Ice Link’s selection of Traiana to expand into FX
Traiana's network of banks, clearing houses and buy-side firms in the FX market will enable Ice Link to quickly expand from CDS middleware into forex
UBS readies regulation-focused FX algos
The Swiss bank will launch its first algorithmic FX trading tools early next year with smart order routing to help clients navigate regulatory change
FX Week Asia: Exemptions offer little solace for corporates
Corporate treasurers remain concerned about increased hedging costs as a result of new regulation, and expect banks to pass the costs on – despite exemptions for corporate hedging
Foreign exchange ticks all the boxes, says StanChart markets chief
Forex is becoming the most-sought after asset class for a markets business due to its high return on equity and clear demand, says Lenny Feder, Standard Chartered's head of financial markets
New lows in FX volatility prompt funds to retreat from options
Volatility in the FX market is plunging to record lows in the fourth quarter, leading to changes in the composition of the options market