e-Forex Magazine July 2009
e-Forex magazine, July 2009, issue 36, Relationship versus anonymous fx trading, optimising workflows, 2009 Forexdx awards, Focus on FX margin and collateral management
Currencies in movement – ever heard about the ‘Khaleeji’ project?
Foreword
Manfred Wiebogen looks at how the economic impact of globalisation together with the current financial crisis may demand some reorganisation in the world currency structure. ...show more
Relationship versus anonymous FX trading - the old debate returns
Leader
The debate about whether relationship trading or anonymous trading is superior is perennial, but now is an opportune time to revisit the methods' relative merits. The emerging competitive electronic trading platforms for the interdealer, multi-dealer, and dealer client markets have facilitated the adoption of electronic trading and the ability to trade anonymously during this decade. This article discusses a number of critical risk and regulatory outcomes from the current financial crisis that focus on the deployment of relationship trading vs. anonymous FX trading. ...show more
Business as usual: FX trading platforms help to achieve more with less
e-FX Industry Report
The current economic situation is unique for a combination of reasons, but one of the most prominent is the combination of a commercial slowdown with an exceptional decline in many bank balance sheets. While this has numerous implications, the effect on global FX trading volumes is particularly conspicuous. Andy Webb explains how FX trading platforms have a duty in such an environment to assist participants in achieving more with less. ...show more
Where to draw the line on the issue of leverage
Regulatory Roundup
In this Regulatory Roundup feature Felix Shipkevich, General Counsel at CMS Forex, examines the question of leverage and what factors may influence the way regulators draw the line of what is the appropriate level of leverage that should be allowed to be used by retail clients, if any. ...show more
Pre-settlement processing - A new initiative from CLS and ICAP
Marketplace
CLS Group and interdealer broker, ICAP, are creating a new joint venture (JV) to provide trade aggregation services to participants active in the over the counter FX market. The new business, initially named CLS Aggregation, is designed to address the rapid increase in foreign exchange trading as an asset class by a widening group of hedge funds, algorithmic traders, retail and institutional market participants, which have brought substantially higher volumes to the foreign exchange industry....show more
Optimising workflows: Asset Managers embrace the benefits of e-FX
Features
While there is little doubt that investment managers are rapidly increasing their use of electronic trading, there is still much to be done in terms of standardising access and processes to enable them to reap the full benefits of automation....show more
Building momentum Flagging new CEP initiatives within FX
Features
With Complex Event Processing (CEP) having spread out across the asset classes – initially in equities – multiple and growing demands for using CEP in the FX space are being made among both sell-side and buy-side firms. Roger Aitken canvasses leading CEP vendors and others on the landscape. ...show more
The Perfect Match: What to look for in Electronic FX Providers
Viewpoint
New and seasoned participants in the burgeoning foreign exchange (FX) market continue to leverage electronic trading platforms. Whether they are money managers in search of better fund performance or banks in need of cost-saving efficiencies, users are seeking particular electronic FX (e-FX) functionality and benefits. The best products and providers offer access to liquidity, improved cost and time efficiencies, better price transparency, greater stability, error reductions, enhanced auditability, and smooth integration with existing in-house systems....show more
Achieving more rapid Algorithmic FX trade strategy development
Algorithmic FX Trading
Time is money and nowhere can this truism be taken more literally than in the trading world. Algorithmic trading in FX has grown in order to sate the appetite for higher frequency, larger volume trading and more sophisticated strategies – all of which can be more easily achieved through the deployment of automated systems....show more
A man with a unique view of the global FX market
e-Forex Interview
Derek Sammann, Managing Director, Global Head of foreign exchange at CME Group...show more
Regional expertise: focusing the strength of FX e-commerce services
e-Forex Roundtable
With Bjorn Lundvall, E-commerce Manager Trading, e-solutions at Handelsbanken Capital Markets, Niels.van.Daatselaar, Head Financial Markets e-Commerce at Rabobank International, Peter Hagenauer, head of eCommerce Applications & Technologies, Markets, ANZ Institutional, Stamos Fokianos, Global Head – eChannels, Financial Markets, Standard Chartered Bank and Clive Standish, Head of Electronic Markets Client Service, North America at RBS Global Banking & Markets. ...show more
Reducing the risks: new perspectives on FX margin and collateral management
FOCUS
FX margin trading and the subsequent need to manage collateral has become very much in the spotlight in recent times as the cost of credit becomes more prohibitive and firms seek to squeeze greater efficiency from their bottom line....show more
ProTrader: “The One Trading Platform?â€
Product Review
We review the ProTrader multi asset platform from PFSoft. ProTrader provides a complete solution for retail brokers, market makers and hedge funds. The platform supports a wide range of products and is based on the latest technology. Denis Borisovsky, CEO of PFSoft tells us more about it.....show more
Traders checklist: Will your FX platform give you that edge?
Retail Forex Client
Before a trader can start making money in FX, they must first choose a trading platform from which to work. This is no simple or even relatively easy task such as deciding on a new car or a lawnmower. From broker, to type of service, to checklist of needs and wants, to individual trading style, the choices facing traders are varied and can be quite complex....show more
PROFILE – United World Capital
Retail Forex Client
e-Forex talks with Jamal Fakhory, Managing Director of United World Capital, a leading provider of online FX trading services for Retail and Institutional investors....show more
2009 Forexds Awards : Breaking new ground in ranking FX brokers
Retail Forex Client
The recent release of the 2009 Forexds Trader’s Choice Awards provides a rare glimpse inside the broker preferences of average currency traders worldwide. Rather than making an article about yet another FX award, e-Forex magazine asked me to share the unique aspects of the Forexds Awards. For that, I’d like to share some personal thoughts going into this 2 year project and then delve into the results beyond what appeared in the May press release....show more
Howard Carr, Director at TEAM Asset Management
Tradertalk
A fully regulated, diversified asset manager located in Jersey, Channel Islands....show more
Algo FX Case Study
Algorithmic FX Trading
Thomas Vinding, co-head of e-Markets at Nordea discusses the question of whether Algorithmic Trading can work in abnormal FX Markets....show more
