e-Forex Magazine January 2009

e-Forex Magazine January 2009

Overcoming market turbulence - e-FX helps weather the financial storms Development, access and deployment - lessons from the first wave of algorithmic FX execution Forex broker selection - key importance of technology

 

Overcoming market turbulence: e-FX helps weather the financial storm

Leader

The current financial crisis has eventually impacted the FX market, creating a stressed environment for FX market players, with an increased volatility, a high turnover and major concern about liquidity. However, the current crisis is a challenge as well as an opportunity for the FX markets. Whereas the hedge fund industry and their leveraging have come under the microscope, FX has proved to be more than just a stable asset class. Though high volatility has been the order of the day, more investors have started believing in parking their money in FX rather than in equity markets. ...show more

Dukascopy – SWFX launches a web based TV Channel

News

...show more

ICAP Tick Data from Thomson Reuters

News

...show more

SunGard adds FX and MM functionality to Front Arena

News

...show more

eSignal 10.2 offers Forex window

News

...show more

I-TRADERS delivers new toolset

News

...show more

Deltastock offers Level 2 Forex module

News

...show more

Aegisoft releases Athena FX 4.2

News

...show more

StatPro signs licence with GFI

News

...show more

FXCM and DailyFX offer new FX trading signals

News

...show more

Smart Trade takes lead in QuickFIX/J initiative

News

...show more

Trayport offers e-trading of cross-currency basis swaps

News

...show more

GTL Trading Opening New Facility in Dubai

News

...show more

TraderTools launches AI-1™ compact keyboard

News

...show more

Tethys Technology launches FX trading functionality

News

...show more

Fortex and Advance Markets team up

News

...show more

ISO certified M I G Investments applies for Banking License

News

...show more

Bloomberg releases FX Dashboard

News

...show more

IBFX adds nine new cross currency pairs

News

...show more

Eurobase e-FX project with WestLB

News

...show more

Cognotec launches RealStream Margin 3.0

News

...show more

Bloomberg Tradebook launches new e-FX platform

News

...show more

UniCredit selects Caplin Trader for e-FX trading

News

...show more

Thomson Reuters upgrades RTFX

News

...show more

 

FX – holding up in the global liquidity crisis

Foreword

The global financial system has been in a crisis for almost 18 months now. The EUROFI, the European think tank (advising the ECOFIN Council) dedicated to accelerating the integration and efficiency of financial services in Europe recently identified some key causes behind the crisis: long period of excess liquidity, low interest rates for too long, excessive appetite for poorly measured risks, misuse of securitization....show more

 

FX Counterparty Risk: Is the CCP model gaining traction?

Marketplace

In the midst of the world’s credit crunch the centrally cleared counterparty for FX, FXMarketSpace, closed its doors due to lack of liquidity. Frances Maguire asks why it failed to gain traction and the likelihood of another CCP coming to the fore....show more

 

Raising the licensing barriers in Retail FX

Regulatory Roundup

In the first of his regular series of articles for e-Forex on regulatory issues in FX, Felix Shipkevich General Counsel at CMS Forex looks at recent efforts to enforce regulations in Retail FX and what holds the key to successful regulation in the future....show more

 

Summer 2008 Will crisis see the dawn of a new FX Prime Brokerage industry?

Features

Heather McLean explores ways in which the current extraordinary turbulence in global financial markets will present challenges to the FX Prime Brokerage industry....show more

 

Next generation cross-asset trading systems – making standalone platforms obsolete?

Features

Cross asset trading systems have become the securities markets’ Holy Grail. Pontus Eriksson, Product Manager, SunGard Front Arena outlines what functionality these systems should include and how they can become the foundation of traders’ future plans....show more

 

Electronic FX – catering for the needs of Quantitatively driven FX trading firms

Features

The outlook for most financial markets in 2009 is almost universally bleak but inevitably there are certain trading strategies that seemed destined to succeed in this climate. One of the most obvious beneficiaries of the high market volatility will be those traders engaged in quantitative-driven strategies. Fuelled by high frequency, low latency algorithms, it is these traders that will be best able to react to unpredictable and high velocity market movements....show more

 

FX and derivatives standards - one for all or all for one?

Features

There is no question that the financial industry is in a dramatic state of change. If we can be sure of one thing right now, it is that there will most certainly be a raft of regulations and reforms introduced which will require all of us to implement new processes and revisit the way we carry out our business. A large proportion of these changes will be centred on the electronic communication of trades. ...show more

 

Exchange Simulation Environments: assisting currency traders to validate their systems' performance

FOCUS

FX trading has traditionally been conducted over interbank and inter dealer networks. But in recent years, with the emergence of exchange based electronic trading technologies and the benefits of the centralized clearing and risk management, traditional derivatives exchanges (ex: CME, ISE, ICE Futures, USFE, and NASDAQ OMX PHLX) are becoming significant market places for exchange based FX derivatives. ...show more

 

Exchange connectivity: considering your choice of access

FOCUS

When it comes to exchange connectivity it really is a case of horses for courses as there are a myriad connectivity options available to traders, depending on their type of business and how much they are prepared to invest to lower latency. ...show more

 

Counterparty and Settlement - FX investors look to risk mitigation benefits of centrally cleared products

FOCUS

While the recent financial turmoil continues to reshape the financial markets, indications are that counterparty risk will come under the spotlight, along with the need for greater transparency. For these reasons, it is expected there will be trend away from over-the-counter (OTC) products towards standardised exchange-traded listed products that bring with them the benefits of central clearing to mitigate risk counterparty risk and greater automation that lowers operational risk....show more

 

Tackling Network Latency issues in Algorithmic FX trading

Algorithmic FX Trading

Trading latency is a parameter that is important in any high frequency trading strategy and surprisingly can also an important factor in low frequency trading strategies as well. ...show more

 

Multi-asset class trading: fuelling the development of FX Algorithms

Algorithmic FX Trading

Nicholas Pratt examines the growing importance of FX Algorithms to the multi-asset class trader and how important they are likely to become in multiple instrument trading strategies....show more

 

Development, access and deployment: Lessons from the first wave of Algorithmic FX execution

Algorithmic FX Trading

The FX market has seen a first wave of execution algorithms but what stage is the market at now? Nicholas Pratt looks at what buy-side firms are looking for from the next generation of FX algorithms and what lessons have been learned to date that may help in their development....show more

Retail FX Platforms: Helping clients through volatile markets

Debate

Shaken confidence in global markets and various banks in particular has led to a lack of liquidity - at times even in the major currencies. For example, there were times in late September when spreads widened considerably in the interbank market even for the largest currency pairs such as EURUSD, reflecting a low appetite for risk and general nervousness in the market....show more

Corporate e-FX: helping clients meet the demands of a challenging business environment

e-Forex Roundtable

With Frederic Jeanperrin Head of European Corporate FX & IR Derivative Sales at SG Corporate & Investment Banking, Lucette Marrou Manager E-business sales at SG Corporate & Investment Banking, Stamos Fokianos, Global Head – eChannels, Financial Markets, Standard Chartered Bank, Xavier Alexandre, Global Head of E-Commerce, FIC at UniCredit Markets & Investment Banking and Peter Hagenauer, Head of eCommerce Business Applications, Global Markets at ANZ Investment Bank....show more

eSignal OnDemand - Filling a Gap in the FX Datafeed Market

Product Review

eSignal has launched a delayed "snapshot" intraday and end of day analysis package with realtime FX (to be added shortly). eSignal OnDemand harnesses the power and resource of the eSignal database for $34.95 per month, with delayed quotes and charting on hundreds of thousands of symbols including equities, futures and forex. For one "region" only the price falls to $24.95 per month. Streaming Realtime single contributor FX quotes will cost an extra $20 /mth, representing eSignal's lowest ever price point for this data....show more

 

The importance of technology in the Forex broker selection process

Retail Forex Client

The appeal of online forex trading might actually get a boost from the disarray in traditional asset classes like equities and real estate. Yet a decade after the popularization of Forex trading an age-old question remains: what forex broker is right for me?...show more

 

Technical Indicators in Automated Trading

Traders Workshop

This article aims to describe how technical indicators can be used in the development of an Automated or Algorithmic trading system. ...show more

 

ACM – helping clients get closer to currencies

e-Forex Interview

e-Forex talks to Nicholas Bang, the Managing Director of leading Swiss forex broker, Advanced Currency Markets SA (ACM). ...show more

 

With Paul Chappell, Chief Executive at C-View Limited

Tradertalk

...show more