Trading
FX futures and options volumes soar on CME
While volumes are down year-on-year, September has seen a number of record days on CME Group, particularly in currencies such as the Canadian and Australian dollars and the Mexican peso
Hedge funds moving more assets into prime custody accounts with active management
A move to separate custody accounts since the financial crisis has turned into a major trend with hedge funds now placing a growing portion of their unencumbered assets with prime custodians.
FX Concepts’ Taylor turns bearish on US dollar
The head of $3 billion hedge fund FX Concepts says the Federal Reserve’s open ended quantitative easing programme will drive the US dollar lower in coming months.
Portware hires three to grow product and sales coverage
Trading technology vendor makes three senior hires to focus on the client experience and meet growing demand for Portware FX
The platforms of 2012: TraFXpure
When it launches next year, TraFXpure hopes to become a primary trading platform in the FX market, alongside EBS and Thomson Reuters. While that’s a tall order in today’s environment, Tradition’s Daniel Marcus, Campbell Adams and Roger Rutherford believe…
QE3 sparks widespread dollar bearishness
The US dollar fell against most major currencies following the announcement of QE3 on September 13, but market participants are lukewarm on the likelihood of its success
Caplin unveils new development environment for bank platforms
Caplin Systems is launching a new development environment based on HTML5, which it believes will allow banks to build more effective single-dealer platforms
Barclays upgrades Oasis FX analytics tool
Enhanced version of Oasis includes a new charting, analysis and back-testing tool, known as Atlas
Insight Investment to acquire currency manager Pareto
Pareto Investment Management will become part of the Insight group from January 2013
FX Invest West Coast: Market structure changes a challenge for buy-side traders
Trading platform proliferation and regulatory change are presenting challenges for the buy side, say speakers at FX Invest West Coast conference
Russia’s Troika Dialog hires e-FX head
Peter Holowka joins the Russian bank in London, having previously been global head of electronic commerce at UniCredit
The platforms of 2012: EBS
Icap’s EBS last week announced the latest round of changes designed to strengthen the platform’s resilience and improve the trading environment. Despite rapidly falling volumes, chief executive Gil Mandelzis believes EBS will be well-positioned when…
Who picks up the tab for regulation costs?
Many buy-side firms expect their banks to absorb the costs associated with clearing and reporting of non-deliverable forwards and eventually forex options. But banks have other ideas, with some already quantifying fairly substantial hikes in…
Credit Suisse overhauls single-dealer platform
Credit Suisse Plus, the Swiss bank's new fixed-income platform, will be rolled out to clients over the coming year, says newly appointed head of electronic sales
Spotlight on: Rob Maher, Credit Suisse
Credit Suisse’s global head of fixed-income electronic sales talks to Joel Clark about the changes the Swiss bank has been making to its e-FX business with the development of a new single-dealer portal and the integration of its algorithmic and…
Swiss franc expected to retrace its fall as ECB news sinks in
The euro rallied against the Swiss franc for the first time in six months after yesterday’s announcement of new measures from the ECB, but FX strategists expect it to fall back towards 1.20
SNB's continuing resolve drives creativity among Swissie traders
A year after the Swiss National Bank imposed a 1.20 floor on EUR/CHF to stem the appreciation of the Swiss franc, the minimum rate remains in place, driving traders to seek new ways to trade a currency afflicted by low volatility. Miriam Siers reports
EBS reversal on decimals brings relief among traders
Just 18 months after EBS moved to decimalised pricing on major currency pairs, senior bank traders have expressed relief that Icap will return to full pips and half pips later this month
SG CIB expands in FX sales with string of hires
Société Générale CIB has made four appointments to its FX sales team in London, while ex-FXall Keith Hill has joined the bank this week to head e-FX
Deutsche creates cross-asset platforms business under Amrolia
Deutsche Bank's Zar Amrolia runs a new business focused on electronic platforms across fixed income, while Kevin Rodgers has stepped up to become global head of FX
EBS ditches decimals as part of platform overhaul
Full-pip and half-pip pricing will return to major currency pairs on EBS from September 17, as platform's new management team recognises flaws in decimalised pricing
All eyes turn towards EBS
EBS is set to unveil the next round of system and policy changes this week, which will be closely scrutinised by newer entrants and competing platforms
The platforms of 2012: Gain GTX
Two-and-a-half years after its launch as a subsidiary of Gain Capital, the GTX platform is gathering steam and now trades average daily volumes of up to $8 billion. In the latest in a series of articles assessing the challenges facing new and existing…
New buy-side platform targets March launch
Start-up venture BuysideFX will focus on improving FX workflow on the buy side and plans to be live with its first client by March 2013, officials have told FX Week