e-Forex Magazine July 2007

e-Forex Magazine July 2007

e-Forex Jul 2007 - E-Market Dynamics: Changing the role of the FX Sell-Side. e-FX - The Pension Fund Manager perspective. Considering API's: automated trading and FX Option platforms

 

Winds of Change in the Currency Markets: Evolution or Revolution?

Leader

Toto, this sure doesn’t look like Kansas. The winds of change are blowing - around the FX trading business. Will they carry market efficiencies over the rainbow? Or…drop a house on a witch?...show more

 

E-Market Dynamics: Changing the role of the FX Sell-Side

e-FX Industry Report

The global foreign exchange (FX) market has, in recent years, emerged as one of the most sought after markets on Wall Street. No longer just a by-product in cross-border transactions, FX has transformed itself into a legitimate asset class, which is increasingly leading to speculative activities from hedge funds and traditional asset managers, alike....show more

GL TRADE makes key Forex appointment

News

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TraderTools introduces ExportTools™, the export engine for STPlatform™

News

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Tradency expands partner base

News

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SuperDerivatives provides multi-asset correlation tables

News

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Standard Chartered launches Straight2Bank

News

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Block trading added to SGFXTrade

News

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Scotiabank deploys AutoDeal+

News

Scotiabank has adopted and deployed Cognotec's AutoDeal+ trading platform in Mexico and is utilising the platform to deliver a new automated FX trading service to its clients. ...show more

Reuters launches new version of Reuters Trading for Foreign Exchange

News

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odl mt4

News

ODL Securities has recently added some additional products to their MetaTrader 4 FX platform....show more

MIG Investments tightens Institutional offering: Spreads from 1 pip!

News

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IG Markets launches new FX platform

News

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ICAP launches e-trading in FX Forwards

News

ICAP has introduced e-trading in FX forwards to the global financial markets, with the launch of i-Forwards. ...show more

HSBC introduces HSBCfix

News

HSBC has introduced the HSBCfix after recognising and responding to the increasing demand from all sectors of the foreign exchange client community...show more

Hotspot FXi adds fully Decimalized pricing

News

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FXMarketSpace successfully launches trading platform

News

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FXall introduces benchmark fixings to QuickOMS

News

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FNX launches new strategy builder platform

News

FNX Capital Markets Solutions (FNX), has announced the launch of a new strategy builder platform for CAYMAN, its recently launched margin trading and client management solution....show more

Dukascopy - SWFX marketplace continues fight for milliseconds

News

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Dresdner Kleinwort launches FXWeb

News

FXWeb is Dresdner Kleinwort’s new web based white label product for margin trading....show more

db Marketplace - A new interactive order book from autobahnFX

News

Deutsche Bank has announced the launch of db Marketplace a new, exciting product within autobahnFX....show more

Currenex expands functionality for submitting orders on VWAP

News

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Cognotec launches RealStream-Rate Manager

News

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CFET’s launches new FX trading system

News

Reuters have announced that China Foreign Exchange Trade System (CFETS) has launched the first internet based multi-bank portal which can trade the Chinese Yuan using Reuters Electronic Trading technology. ...show more

Caplin launches Caplin Trader for FX

News

Caplin Systems Ltd has launched Caplin Trader, an out-of-the box web trading application that enables banks to build multi-product trading portals in FX and fixed income....show more

BGC’s Margin FX business launches BGC FX

News

BGC’s Margin FX Business has announced the release of its new and fully automated foreign exchange trading platform ‘BGC FX’....show more

News : Barclays Capital launches BARX Powerfill Orders

News

Barclays Capital has launched PowerFill Orders which gives clients a new range of FX functionality on BARX, the banks' e-commerce platform....show more

ANZ upgrades FXOnline platform

News

ANZ has announced the completion of the latest upgrade to its eFX platform FXOnline...show more

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Travelex designs new payments system for Universities

News

Travelex has designed a new payments system to meet the needs of educational institutions. ...show more

 

Explosion in electronic trading – challenge for the financial markets – challenge for ACI The Financial Markets Association

Foreword

We live in a world of fundamental changes. Foreign currency reserves skyrocket, FX turnovers reach 3.000 bln USD per day (expressed in more detailed figures, e.g. 3 Mio transactions, each transaction worth of USD 1 Mio !), turnovers in compound structures such as certificates of the 3rd generation add enormous liquidity to the markets – business is great!...show more

 

Model-based versus keyboard traders: a difficult FX sell-side balancing act

Marketplace

The development of electronic trading and especially electronic platforms in the forex market has driven out the smallest banks from the market. Electronic trading has increased visibility on the market and reduced volatility, drying out the margins. Today, the FX market is a business of high volume and low margins, which leaves room only for very large institutions and specialists. Indeed, there are fewer banks involved in this market, which is now in the hands of the largest banks, which are becoming bigger and bigger. ...show more

 

Considering API’s: automated trading and FX Option platforms

Features

Frances Maguire sets out to discover whether the growing demand for application program interfaces (APIs) to enable more automated options trading could pave the way for an ECN-model for FX options. ...show more

 

Transactional FX data: Powering improved granular research and analysis

Features

Trading volumes are growing intensely in the FX market as are the number of participants and the pools of available liquidity. The variety of strategies are also increasing, in particular the use of algorithms. All of these trends have led to a growing requirement for more transactional data. Yet despite its size, the FX market is relatively poorly served in this regard, other than the most basic of pricing data. For example, up until now the primary source of global FX trading volumes was the triennial survey from the Bank of International Settlements....show more

 

e-FX - The Pension Fund Manager perspective

Features

At one time it was only the hedge funds that actively traded FX, but Frances Maguire finds that that is no longer the case and that pension fund managers are increasingly looking to FX as a source of alpha and using electronic trading platforms to trade it....show more

 

Features : Delivering real-time risk management functionality for FX margin trading

Features

It comes as little news to anyone in the industry that the Foreign Exchange markets are in the middle of a tumultuous period of growth, expansion and transformation....show more

 

Regional e-FX Perspective on Australia

Regional eFX Perspective

Heather McLean investigates the uptake of FX e-commerce services and growth of online FX trading in Australia...show more

 

FX connectivity – the push towards a real-time environment

FOCUS

Today’s banks are facing a strong and growing interest for enhanced online trading solutions from all client segments. Clients – from funds using algorithms to smaller corporate and private traders – are increasingly seeking broad, multi-asset coverage, and cross-asset trading capabilities to deliver real-time, executable prices at lightning speed....show more

 

Overcoming current obstacles on the path towards true web-based STP FX connectivity

FOCUS

The FX industry is unique compared to other asset classes in that it has an unparalleled level of fragmentation and segmentation and simply so many ways of doing things. Similarly there is a huge variety of participants in the market, all with different motives, from the high frequency hedge funds looking for arbitrage opportunities among global currencies to the corporate treasurers needing to pay bills in various currencies....show more

 

Making sense of the FX connectivity conundrum

FOCUS

Foreign exchange is the most inclusive of financial markets and has used technology to lay out the welcome mat to all-comers. Initially the preserve of the inter-bank market, electronic platforms have been developed for corporates, asset managers, hedge funds and now retail investors. In democratising foreign exchange, the banks have set themselves the challenge of supplying liquidity to multiple market sectors competitively, while the buy-side has been quick to realise that best use of technology a critical factor in obtaining best price....show more

 

Auto hedging secondary FX exposure

The e-Forex Surgery

With Jonathan Cooper at TradingScreen...show more

 

Evaluating the FX data issues for algorithmic trading

ALGOFX LAB

In the beginning there was light…now we have data; in fact we use the light to carry our data. If the light’s too bright you buy a pair of shades; if there’s too much data, well…you just ignore some of it. Is there such a thing as too much data? ...show more

 

Tackling some FX Algo Misconceptions

Algorithmic FX Trading

With the rapid adoption of algorithmic trading in equities, speculation regarding how the equities experience will translate to other asset classes, such as Foreign Exchange (FX), has given way to a number of myths. In any emerging market, one can expect numerous assumptions and misconceptions to spring up and based on our client experience, we have categorized the main myths surrounding algorithmic strategies that incorporate FX. ...show more

 

Faster Than Fast: FX Traders Can Now Connect Directly to the CME Network

Case Study

Neal Brady, director of CME Products and Services and Derek Sammann, managing director, CME Foreign Exchange tell e-Forex about the growing importance of colocated network connectivity in electronic FX trading and how CME LNet meets the demand for millisecond data transport. ...show more

 

Debate : High frequency FX trading: technology, techniques and data

Debate

With Dr Richard Olsen, Chairman and CEO of Olsen, Thomas Parry, Director of Algorithmic trading at Plimsoll Capital, Jonathan Webb, Portfolio manager at C-View...show more

 

Full Service provision: meeting the future needs of FX Prime Brokerage

Viewpoint

The FX market continues to evolve like never before, despite a trending decline of volatility, the volumes continue to grow. Prime Brokers continue to be challenged in terms of identifying and responding to client demand, supporting all available alternatives, and continuing to provide a superior client experience....show more

 

“Going Automated” Strategies and Systems

Retail Forex Client

In recent years there has been expansive growth in automated FX trading. For example, whist the majority of clients at Strategy Runner, (the vendor that facilitates automated trading connecting a variety of automated trading applications to a range of brokers) are still futures based, the gap is rapidly closing in favor of FX. ...show more

 

Banking on numbers: Making strategic moves into Retail FX

Retail Forex Client

The spotlight is now on the retail FX sector, which could bring new revenue streams for those banks quick enough to respond. Frances Maguire investigates...show more

 

TraderTalk

Tradertalk

With Kristian Siggaard-Jensen...show more