Trading
Volatility and options push up FX revenues in 2015
Figures from the 12 largest investment banks show G10 FX up on 2014, while Ficc trading was down 9%
The new FX equation
Firms are scrutinising expenses more than ever, but despite hard times, one market participant believes innovation will drive down costs and "our best days as a market are ahead of us"
Comparing apples and apples
With clients expecting more transparency, it is vital for firms to be in control of costs. The key is determining the true all-in price of execution
Breaking down the barriers
With parts of the over-the-counter FX market acquiring exchange-style characteristics, the exchanges themselves are becoming more customised
FX Focus: The new FX equation
The latest quarterly supplement, FX Focus, is now online
Wells Fargo takes top spot with five close calls
The US bank expects another Fed hike towards mid-year
Price and perfect execution
Firms are trying to give clients visibility on measuring whether the price they are receiving is a good one, but the cost of execution is variable and hard to pinpoint – and it’s not just about price
Volatility to be persistently higher as uncertainty rises
But Goldman Sachs Asset Management's head of international market strategy sees recovery in the global economy
Banks are still vital for FX
Liquidity provision may increasingly be a non-bank play, but credit remains a bank business
TCA requires standard benchmark and practices
The quest for a universal way of measuring execution quality continues
Execution costs still a riddle for FX participants
The sheer variety of choices hinders fair comparison
Schism narrows between OTC and exchange-traded FX
As exchanges push into FX, a bridge is being built between the two worlds
Part fills add to liquidity woes and sharp price moves
Not trading in full amounts makes market-making harder and more expensive for clients, say market participants
Gething exits FX options trading post at JP Morgan
James Gething is believed to be leaving the industry
Shah leaves exotic options role at Goldman Sachs
Nikki Shah is believed to have left the industry
Banks are not catering to our FX needs, say SMEs
Such barriers may hinder firms from achieving their global expansion aspirations
Danske Bank bags victory on USD/CHF call
The bank expects the Fed to leave interest rates alone until September
Test algos or go to jail
Under Mifid II, participants need to certify their algorithms will not cause market disorder or face the consequences
Sales remuneration set for shake-up
Venues and brokers shift focus to quality of flow amid rising price competition
Credit remains the biggest headache in FX
FXPB adjustment pressures clients as service providers tackle rising costs
January volumes up on December, down on year
Average daily volumes rose across major FX platforms, but were far off the numbers posted a year ago
EC delays Mifid II until January 2018
The extension aims to avoid legal uncertainty and potential market disruption
Stronger dollar leaves Westpac victorious
Australian bank expects Federal Reserve to deliver another hike by June
China relaxes QFII limits amid calls for capital controls
FX regulator lowers the ‘lock-up’ period, during which foreign investors must wait before repatriating funds, from one year to three months, as analysts warn of renminbi devaluation