e-Forex Magazine January 2002

e-Forex Magazine January 2002

e-Forex Jan 2002 - Currency Derivatives Online - Is Technology what matters? The Goldman Sachs experience.

 

FXPA. A new force for advancing the interests of the FX Industry

Leader

Adam Cooper Chairman, FXPA; Senior Managing Director and Chief Legal Officer of Citadel LLC...show more

 

Stability, trust and resiliency through technology the key to the safe functioning of financial markets

Leader

Everyone knows that CLS Bank plays a critical role in helping to mitigate risk across the foreign exchange markets. But many don’t know the history behind this systemically important institution and the key work that it has done over the past decade and more to help maintain financial market stability. e-Forex has invited David Puth, the company’s CEO, to provide a brief profile of his organisation and highlight why CLS remains the blueprint for cross-border co-operation to mitigate risk....show more

 

HFT: Ban bad driving, not cars reducing the damage of disruptive high frequency trading to FX

Leader

In the race for speed, disruptive high frequency trading (HFT) behaviour and an arms race for the fastest market data threatens to cause more reputational damage to financial markets – but ban bad driving, not the cars argues Daniel Marcus....show more

 

Cryptocurrencies: threats and opportunities with digital mediums of exchange

Leader

Cryptocurrencies are a confidence trick. Their valuations express a market view and very little else; certainly not reference to a store of intrinsic value. But the same could be said of US Dollars, Sterling or any other fiat currency. Whether you put your trust in dollar bills, credit cards or discrete little chunks of code, you’re not buying exposure to a gold standard. We can all kick cans down the road, but can we define the term “reserve currency” without feeling a little uneasy?...show more

 

Defining a new standard for client enablement in FX

Leader

The accuracy and speed of electronic trading in OTC markets has been one of the key aspects that continue to drive its growth and the move to have more instruments traded electronically has been supported by legislation such as Dodd-Frank and the next round of Market in Financial Instrument Directive (MiFID). However, as Alex Wolcough outlines in this article, whilst electronic trading, and the associated straight through processing to clear and settle trades, aims to remove costly operational errors, one key aspect remains as a potential Achilles Heal: Client Enablement. ...show more

 

Transaction Reporting of OTC FX Derivatives - what are your options?

Leader

With the EU’s European Market Infrastructure Regulation (EMIR) requiring institutions to report their OTC derivatives trades to appropriate trade repositories starting as early as September 2013, Frances Faulds talks to REGIS-TR and Traiana to assess the options available to FX firms under both the Dodd-Frank Act (DFA) and EMIR....show more

 

SEFs and the FX market: The name of the game is disintermediation

Leader

As swap execution facilities begin to take their place in the grand scheme of global FX trading, banks are responding with bigger and better single-dealer platforms....show more

 

Discussing EMIR - FX meets the obligations and seeks the benefits

Leader

The European Market Infrastructure Regulation (EMIR) establishes the clearing and reporting obligations for all listed and OTC derivatives. With reporting for credit and interest rates derivatives starting in August 2013 and FX derivatives trades reporting expected to go live in January 2014, Frances Faulds looks at how market participants are gearing up and the choices facing the FX market today....show more

 

Cost and convenience - making the right strategic choices for FX under Dodd-Frank

Leader

As e-Forex went to press the FX industry was awaiting the imminent publication of the final rules and regulations governing SEFs from the CFTC. Frances Faulds looks at how the industry is readying itself for the new regulatory environment....show more

Fragmentation and liquidity in FX - is it worth upsetting the balance?

Leader

There is already significant fragmentation of liquidity in Wholesale FX which has facilitated the evolution of a competitive marketplace creating venues that have developed features appropriate to different user types. Justyn Trenner and David Poole, Co-Principals at ClientKnowledge examine the risks of creating stagnant pools of liquidity within FX if the current delicate balance of fragmentation is upset....show more

 

Volatility’s impact on e-FX : What’s the Upside?

Leader

Market conditions have changed due to unprecedented volatility, and foreign exchange as an asset class, while continuing to grow, has been impacted nonetheless. With volatility breaking through normal trading ranges, FX market participants are adapting to a new paradigm as old models and assumptions can no longer be relied upon. ...show more

 

Trading venue proliferation: fragmentation versus segmentation

Leader

Andy Webb examines what new FX trading venues will have to offer in order to be competitive in a market that many see as already over-supplied....show more

 

FX Market Consolidation: Electronic trading a key driver?

Leader

Stephen Best looks at the question of whether the increase in electronic trading that has occured in currency markets over the past few years will lead to increases in market consolidation...show more

 

Evolution of FX Trading: Models converge and competition heats up

e-FX Industry Report

The market for Foreign Exchange (FX) is the largest and most liquid financial market. The FX market plays an important role in facilitating global trade and enabling cross-border payments, along with being an asset class that is widely used for hedging and carrying out speculative trades....show more

 

As e-FX market matures, incremental growth driven by smaller institutions

e-FX Industry Report

Electronic foreign exchange (e-FX) trading is maturing. Among many of the large institutions that generate the bulk of FX trading volume around the world, the rapid uptake and growth that have characterized this industry for the past decade show signs of slowing. But the e-FX market has not yet lost its dynamism. Instead, electronic trading is simply making new headway among smaller FX players and the market’s most active traders. ...show more

 

Global FX market update 2013

e-FX Industry Report

Increased market transparency, more competition...show more

 

Trading slowdown can’t stop the electronification of FX

e-FX Industry Report

Despite a modest slump in global foreign exchange trading activity last year, electronic FX trading systems attracted large numbers of new clients both in developed markets and in Asia, where market fragmentation and other factors had slowed the adoption of e-trading in prior years....show more

 

Electronic Foreign Exchange: Booming in crisis

e-FX Industry Report

In the midst of the global financial crisis, electronic foreign exchange experienced a boom in 2008, with overall e-forex trading volume surging 37%....show more

 

e-FX: The Way Ahead: The dramatic reverberations of growth

e-FX Industry Report

Justyn Trenner provides his annual assessment of the major milestones that have shaped the world of e-FX over the last year and offers analysis on future developments....show more

 

Money and Forex Trading

e-FX Industry Report

The results of a recent study of German corporate attitudes towards multi-bank platforms are summarised by Ute Hertzog ...show more

CME names market makers for CME Renminbi futures

News

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Baxter Solutions appoints new Business Development Manager

News

...show more

Dukascopy offers direct access to Swiss FX Marketplace

News

...show more

Currenex and Wall Street Systems improve Post-Trade STP

News

...show more

Orc Software expands Foreign Exchange trading

News

...show more

Cognotec adds to senior management team

News

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DEALHub now available on BT Radianz

News

...show more

Penson FX trade execution made even faster

News

...show more

MIG Investments provides automated trading for everyone

News

...show more

Integral launches FX Inside Plus

News

...show more

Calypso enhances FX solutions

News

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FNX launches Cayman margin trading and client management solution

News

...show more

Ullink launches Best Execution Engine

News

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CME appoints new MD of FX

News

...show more

Deutsche Bank enhances electronic options offering

News

...show more

eSignal offers more Forex content

News

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FXpress releases FIRST S6

News

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SuperDerivatives makes key appointment

News

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PFG Forex partners with Currenex

News

...show more

GFT opens London office

News

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Tradecision 3.0 further enhanced

News

...show more

Interbank FX introduces Platinum Debit program

News

...show more

ForexManage releases new online dealing executable

News

...show more

RBS FiX available via Bloomberg

News

...show more

IFX Markets upgrades online FX trading platform

News

...show more

Nordea e-Markets connects to CRM

News

...show more

RBS enhances FX Electronic Orderbook

News

...show more

New functionality planned for SGFXTrade

News

...show more

Hotspot FXi launches TradeViewsm

News

...show more

FXall goes live with Money Markets trading

News

...show more

GFT adds Chart Studioâ„¢ Feature

News

...show more

Integral launches Integration Networkâ„¢ and FX Insideâ„¢

News

...show more

DKW offers new premium trading tool

News

...show more

Infotec launches Treasury Professional

News

...show more

ActForex adds FX Options trading capability

News

...show more

eSpeed names European Head of FX Sales

News

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HVB selects ICYFX

News

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Five top-rated banks join Hotspot FXi

News

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Marion Freijsen joins 360T

News

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Coors goes live with FXpress FIRST

News

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Saxo Bank introduces TradeMaker

News

...show more

CLS volume predicted to increase by up to 90%

News

...show more

Cognotec launches 360T CONNECT adaptor

News

...show more

Société Generale installs TraderTools’ order management system

News

...show more

Tullett Financial offers Internet access to data products

News

...show more

Moneyline Telerate rebrands

News

...show more

JP Morgan partners with Cognotec

News

...show more

Reuters enhances 3000 Xtra

News

...show more

City Networks forms trader notifications consortium

News

...show more

Misys launches Misys Treasury

News

...show more

SuperDerivatives signs 10 financial institutions in Singapore

News

...show more

RBS enhances RBS FiX

News

...show more

Misys partners with Currenex

News

...show more

EBS delivers global book with major push on Aussie and CAD

News

...show more

Key enhancements made to ABN AMRO’s DealStation.

News

...show more

Instinet FX Cross sees strong customer adoption

News

...show more

CME and Reuters offer Futures trading

News

...show more

BTM continues updating its service on FX@BTM

News

...show more

Traiana delivers FX Options support

News

...show more

ACI elects new president

News

...show more

FXall launches FIX gateway

News

...show more

EBS®™ launches EBS®™ Prime

News

...show more

 

The only constant is change, (and ethical standards)

Foreword

The fines have been levied, compliance officers hired, and outside counsel engaged. Has anyone counted the total cost? The FCA has blown their referee’s whistle, and the whistle has blown to start the new round of market activity, with a tighter oversight of standards. The banks who have been paying attention to culture, have trained their staff and maintained controls, have fared relatively better. They have certainly picked up business. But is that it, now? Job done?...show more

 

Cryptocurrencies – making the case for constructive regulation

Foreword

Tom Robinson COO of Elliptic examines some of the challenges faced by policymakers as they attempt to deal with the rapid evolution of digital currencies and why they should be seen as a force for positive change which would benefit from the creation of best practice rulesets, minimum standards and a regulatory framework that would encourage institutional investors to use them. ...show more

 

Culture change in FX? What a lot of noise!

Foreword

It should come as no surprise to readers of e-Forex magazine that the FX industry is undergoing pressure to reform, and that untold millions are being spent on external consultants to provide advice on how to achieve this culture change. From what I hear from market participants, heads of desks and board members, much of the effort has produced the same paralysis from the very participants at which the guidance is aimed. When was the last time a consultant lawyer provided your sales team with constructive wording on how to talk to clients? “But that leaves me with nothing to say!” is a common complaint....show more

 

China – taking the first steps towards more open financial markets

Foreword

I want to talk about the efforts China has been making to set up rules and regulations for its Financial Industry but will first comment about the FX business continuing to dominate many headlines around the world....show more

 

Foreign Exchange facing a world of uncertainties

Foreword

At the end of February I had the opportunity to participate at the ‘Bretton Woods @ 70 – Regaining Control of the International Monetary System’ conference in Vienna. The meeting was jointly hosted by the Reinventing Bretton Woods Committee, the Austrian Federal Ministry of Finance and by the Oesterreichische Nationalbank. ...show more

 

Bitcoinomania: Hype or Pioneer?

Foreword

Recent headlines have been full of articles and speculation concerning Bitcoin which caused me to look closer into the first virtual currency....show more

 

Foreign Exchange the market which never sleeps

Foreword

We have seen some interesting developments during the summer break, keeping the momentum and volatility in the markets: Emerging currencies are falling and there have been some concessions on clearing rules. Whilst the industry was waiting for the BIS 2013 Triennial Survey, latest reports show a delay of FTT in Europe, however Italy has introduced a tax on high-speed trading and equity derivatives....show more

 

Consultation, Tax and Regulation

Foreword

Manfred Wiebogen President ACI, The Financial Markets Association...show more

 

Each against all – or the request for enhanced cooperation

Foreword

The past few weeks have seen some remarkable developments in the financial markets. A Supreme Court in Iceland has ruled on an FX settlement claim; EU 11 (FTT) are defining their own way for taxation, whilst some countries are preparing for a currency war. All these issues need enhanced cooperation – amongst politicians, amongst financial institutions and above all among each other. ...show more

 

Benchmark fixings under review

Foreword

Market stories may still be dominated at concerns over Europe’s debt crisis, Greece’s negotiations for aid, the US debt problems or the fiscal cliff and possible effects of a clumsy economy. But for us the hot spot remains regulation. ...show more

 

Playing Sovereign Poker

Foreword

The power of the free market and in particular its ability to speculate responsibly, has heightened the awareness of Western and Eastern politicians in both developed and lesser-developed countries causing them to ask, ‘What is wrong with the entire system’, ‘Why were years of accumulated sovereign debts discovered so late? And ‘Where were the rating agencies and accountable authorities during those years? On the other side of the spectrum but adding to the instability of the global financial market, were hoarded foreign exchange reserves. This instability has spread to the next asset class of commodities, causing, a never before seen, run on gold. It has also revealed that trust that has been placed in other financial safe-havens such as the Swiss currency is misleading. ...show more

 

Foreign Exchange and the Crisis

Foreword

The foreign exchange market is arguably the most exciting market of all. Daily average turnover has increased by 210% during the period 2001and 2007 according to the latest BIS Annual Report. More importantly, Foreign Exchange has become a respected asset class in its own merits and given that it is typically non-correlated to other assets it provides good diversification. ...show more

 

Volume in the FX market

Foreword

Godfried De Vidts looks at why e-trading volumes will continue to grow in the FX market....show more

 

Cyber Trading – A real challenge!

Foreword

With his term as ACI President now over, Heering Ligthart sets out his views on what issues and problems cyber trading is likely to be facing over the next few years...show more

 

ADS Securities London Ltd is launched

News Interview

e-Forex talks with James Watson, the Managing Director of ADS Securities London Ltd....show more

 

The Redback comes of age: managing risks and harnessing opportunities in offshore renminbi

Market Infrastructure

The internationalisation of the Chinese renminbi has picked up pace this year, with a growing volume traded in the offshore currency. But its path to becoming a major international currency in its own right still has some way to run, writes Joel Clark ...show more

 

Becoming mission critical the profound metamorphosis taking place with Post Trade FX services

Market Infrastructure

Caroline Henshaw investigates how long considered simple back-office functions and post-trade processes are playing an increasingly important role in shaping global currency markets as stricter regulations and tighter margins prompt companies to streamline their workflows....show more

 

EMIR Trade Reporting just one step in a long term process

Market Infrastructure

While reporting went live in February it is just one part of an ongoing process. Frances Faulds talks to several industry players about what’s on offer....show more

 

CCPs, TRs and SEFs solving the puzzle of multi-participant workflows in FX

Market Infrastructure

The connectivity and workflows required for trading FX products will change and become more complex as a result of the new FX clearing and reporting environment. Frances Faulds talks to providers about what’s in store....show more

 

Beyond regulatory compliance harnessing the extra value from FX Trade Repositories

Market Infrastructure

With trade repositories (TRs) set to become part of the FX landscape Frances Faulds looks beyond the reporting side at some of the added-value services these institutions are developing. ...show more

 

The Central Bank of Russia faces difficult task

Currency Clips

Jameel Ahmad Chief Market Analyst at FXTM...show more

 

The Middle East – the FX equivalent of Black Friday?

Currency Clips

Noureldeen Al Hammoury Chief Market Strategist at ADS Securities...show more

 

2015 - Stepping away from the EURCHF Floo

Currency Clips

Peter Rosenstreich Head of Market Strategy at Swissquote...show more

 

Latam currencies – a look ahead

Currency Clips

Simon Smith Chief Economist at FxPro...show more

 

Indonesia - taking bold steps

Currency Clips

Yu Chung Leong Forex dealer at Phillip Futures...show more

 

The Middle East awaits Scottish referendum

Currency Clips

Noureldeen Mufeed Kh. Al Hammoury Chief Market Strategist at ADS Securities...show more

 

Latam FX – Tough going

Currency Clips

Simon Smith Chief Economist at FxPro...show more

 

Scandie currencies remain interesting to trade

Currency Clips

John J. Hardy Head of FX Strategy at Saxo Bank...show more

 

Spotlight on recent currency developments in China and Malaysia

Currency Clips

Kwah Wee Hong FX Dealer at Phillip Futures ...show more

 

The zloty to retrace losses

Currency Clips

Bartosz Sawicki Head of research at TMS Bro...show more

 

Scandinavia in Focus

Currency Clips

Stan Klebaner Chief Business Development Officer at FinFx Trading Oy ...show more

 

Common macro backdrop, different perspectives

Currency Clips

Bartosz Sawicki Head of Research at TMS Brokers...show more

 

Asian currencies to weaken versus the USD in H2 2014

Currency Clips

John. J. Hardy Head of FX Strategy at Saxo Bank...show more

 

The last thing FX needs is the World Cup!

Currency Clips

Noureldeen Mufeed Kh. Al Hammoury Market Strategist at ADS Securities...show more

 

C&EE

Currency Clips

Solid fundamentals favor the zloty...show more

 

Scandinavia

Currency Clips

A backdrop of falling inflation...show more

 

EM currency turmoil leads to increased ME flow

Currency Clips

Max Knudsen Chief Market Strategist at ADS Securities...show more

 

A view from Asia - Q1 2014

Currency Clips

The current view from Asia is driven by macro factors such as US tapering policy, recovery in the economies of key Western countries, and the risk that growing concerns of a Chinese slowdown negatively impact appetite for the region. ...show more

 

Latin America

Currency Clips

Mexican Peso could be a star EM currency in 2014...show more

 

Scandinavia

Currency Clips

Finnish and Swedish markets perform well...show more

 

C&EE

Currency Clips

regional currencies less vulnerable than six months ago...show more

 

The Middle East looks to the East and the West

Currency Clips

Max Knudsen Chief Market Strategist at ADS Securities...show more

 

Update Middle East

Currency Clips

Q2 followed the pattern of previous years in the Middle East.  Volumes through April, May and June exceeded all expectations with flow from GCC based institutions and inward flows from Asia and Europe setting new records.  Targets which may have seemed in doubt after a lack luster Q1 were brought right back into play.  ...show more

 

A view from Asia

Currency Clips

Storm clouds have been forming in Asia recently as macro liquidity tightens. ...show more

 

Spotlight on Latam – God must be Brazilian

Currency Clips

When events are turning their way – Brazilians like to joke that “God must be Brazilian”. Well lately…. The ‘hand of God’ is more of a slap....show more

 

Scandinavia

Currency Clips

Nordic-based volume at FinFX Oy decreased 15% from the previous quarter (Q1 2013). ...show more

 

Disruptive technology, feeds and the cloud. The new way ahead for FX Market Data distribution

Market Data

The growth of electronic trading in global FX has revolutionised the way that market data is distributed and used. But, as Caroline Henshaw discovers, with big data comes big responsibility: stricter regulation, the increasing focus on internal risk processes and cost control mean clients are expecting providers to deliver more for less. In the face of these challenges, disruptive technologies are forging a new path in increasingly competitive markets....show more

 

NBAD Global Markets offering world-class trading services in domestic, regional and international markets.

Provider Profile

The National Bank of Abu Dhabi (NBAD) is one of the UAE’s largest banks with operations in 18 countries. It has been ranked among the world’s 50 safest banks and the safest bank in the Emerging Markets. The Bank has an extensive branch network in the UAE. David Wilkins, Executive Director of E-Commerce at NBAD’s Global Markets, who is based in Abu Dhabi, tells us more about the development of the bank's new e-commerce platform which will place it among the very few specialist regional banks to have developed its own solution and thus be in a position to service Dirham currency demand on a global basis. ...show more

 

Reduce time-to-market and costs with LiquidityFX

Provider Profile

LiquidityFX is an extensive trading solution for FX, Swaps, NDF and Precious Metals and is built on smartTrade Technologies proven liquidity management platform. e-Forex caught up with David Vincent, CEO and co-founder of smartTrade to ask him why the product is being so successful...show more

 

Eurobase Banking Solutions

Provider Profile

e-Forex talks to David Woolcock, Global Head of Sales & Business Development at Eurobase Banking Solutions....show more

 

SEB

Provider Profile

e-Forex talks to Patrik Nilsson, Head of algorithmic FX trading at SEB who shares some insights on how the bank has developed new internal trading infrastructure built around the concepts of internal liquidity pools and cross product benefits....show more

 

Advanced Markets - a true innovator of wholesale liquidity, technology and credit solutions for the FX brokers

Provider Profile

e-Forex speaks with Anthony Brocco, Executive Chairman of Advanced Markets Ltd., a company that now serves more than 40,000 clients across 30 countries globally....show more

 

From TCA to Execution Algorithms - FXone Seabury increases its product spread

Provider Profile

With Rosario M. Ingargiola, President and Chief Executive Officer of FXone Seabury Financial Solutions (SFS)....show more

 

FXone where product innovation meets best practice

Provider Profile

e-Forex talks with Rosario M. Ingargiola, President and Chief Executive Officer of FXone Seabury Financial Solutions (SFS)....show more

Seabury Financial Solutions

Provider Profile

planning to make FXone the liquidity aggregation solution of choice for buy-side and sell-side FX institutions including retail FX brokers....show more

IFS - helping retail brokers to maximise their business potential

Provider Profile

IFS is a leading IT services and software development company based in Russia. e-Forex talks to Olga Garaeva their CEO to learn more about how the company’s products and services are assisting retail brokerages to grow their businesses and achieve competitive advantages. ...show more

 

FXSpotStream a fast and transparent price aggregation service offering no cost execution and economies of scale

Provider Profile

e-Forex talks with Alan F. Schwarz, CEO of FXSpotStream LLC, the fast growing technology and infrastructure company which provides a multibank spot FX price aggregation service...show more

FastMatch delivering a new standard of trading transparency in FX

Provider Profile

e-Forex talks with Dmitri Galinov, Chief Executive Officer at FastMatch, the exciting new matching system for spot FX....show more

 

Institutional Investment in Foreign Exchange hedge funds

Marketplace

At Preqin, through our daily conversations with investors, we constantly monitor institutional appetite and demand for hedge funds. We currently track over 2,200 institutions active in the asset class on our subscription database “Hedge Fund Investor Profiles”. Of these, 15.2% have stated a preference for foreign exchange specific hedge funds, with even more investors considering the area through macro and multi-strategy holdings. We predict that this area will grow further in 2009 as investors move their capital out of under-performing strategies into more liquid and flexible hedge fund strategies. Over the first quarter of this year we conducted a survey on behalf of e-FOREX to find out more about institutional demand for FX hedge fund products and the likely growth of this industry in 2009. ...show more

 

Marketplace

Marketplace

Alain Broyon and Dr. Andre Duka discuss One-click trading and the global liquidity structure....show more

 

Electronic FX Trading – Influencing dealer behaviour?

Marketplace

Geir Bjonnes and Dagfinn Rime discuss how the change in structure to the FX markets that electronic broking has brought about has influenced what dealers can do and know....show more

 

Regulatory Roundup

Regulatory Roundup

Last summer, the financial sector was in knots over the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The largest financial regulation overhaul since FDR’s New Deal threw market participants into agonies of uncertainty about the future of the industry. One year later, and nearly two months after the mid-July deadline for many Dodd-Frank swaps rule-makings, many unanswered questions persist....show more

 

FX regulatory enforcement and financial market turmoil

Regulatory Roundup

In the last edition of e-Forex, Felix Shipkevich, General Counsel at CMS Forex, discussed the emergence of FX regulations, which in the first decade of their existence were primarily fuelled through intermittent regulatory enforcement efforts. Here he examines how the global financial market turmoil has further stimulated regulatory enforcement initiatives and continue to serve as a catalyst for additional regulatory oversight to prevent any further market destruction. ...show more

 

Preparing for MiFID - assessing its impact on the FX market.

Regulatory Roundup

Andrew Delaney outlines how MiFID's broad impact across Europe's financial markets will also be felt in foreign exchange....show more

 

Analytics, models and algorithms – pressure builds on FX Market Data platforms

Features

Market data is the lifeblood of the FX trading community; and despite a fall in trading volumes last year, Dan Barnes investigates how trading automation could generate growth that would swamp existing data infrastructures....show more

 

Unlocking the full potential of FX Prime Brokerage - an industry gearing up for change

Features

It is expected that the addition of clearing and reporting for certain FX instruments will dramatically reshape the traditional FX prime brokerage model. Frances Faulds assesses the impact of the regulatory changes and how FXPB providers are rising to the challenge....show more

 

Leveraging the growing power of Single Dealer Platforms

Features

Nicholas Pratt looks at the key strengths of the Single Dealer Platform and what a selection of leading banks are doing to exploit them....show more

 

From platforms to market penetration – electronic currency derivatives trading takes further steps forward

Features

The birth of ‘standardised derivatives’ looks set to herald a new era of electronic trading for currency derivatives and as Frances Faulds finds out, it is long overdue....show more

 

Speed and precision - empowering clients with faster and smarter FX e-commerce engines

Features

The astounding rate at which technology has developed in recent years has allowed the FX trading market to execute in huge volumes, at microsecond speeds and with unerring precision. Nicholas Pratt talks to one leading bank and FX technology provider to explore how these enhanced capabilities have allowed traders to pursue strategies previously unthinkable and to also discover what factors have led to a step-change in the speed, flexibility and transaction processing capabilities of FX e-commerce platforms...show more

 

Addressing risk, connectivity and regulatory complexity in Post Trade FX

Features

While the FX industry is well versed in addressing the challenges of connectivity and the operational and credit risk in the back office arising from spiralling volumes, Frances Maguire asks how it will deal with more complex regulatory demands in the post-trade arena....show more

 

More intelligence and control - taking FX Aggregation services to the next level

Features

A return to the traditional values of the FX market is seeing a greater demand for transparency. Nicholas Pratt examines how these demands are influencing the development of next generation aggregation services....show more

 

Optimising Options: new developments in currency derivative platforms

Features

The recent volatility has put FX options trading firmly in the limelight. The technology to price and trade these instruments electronically is available, but whether the appetite is there for the automation of the more exotic structures remains to be seem. Frances Maguire investigates....show more

 

Database Integration: The next big challenge for FX Risk Management

Features

Over the past few years amidst a global financial crisis, Foreign Exchange trading has seen steady growth and experienced important structural changes. The institutions in FX markets have begun a serious review of the underlying technology infrastructure, and assessment of the capabilities required for competitive positioning in the next decade. ...show more

 

Raising the bar - what's prompting change in the foreign exchange Prime Brokerage business?

Features

Frances Maguire sets out to determine what demands clients are now making on their FXPB Providers and why it's becoming harder to differentiate their offerings....show more

 

Hedge Funds find opportunities in CME FX Futures and Options

Features

Tina Lemieux examines why hedge funds, CTAs and currency overlay managers are increasingly attracted to the competitiveness and advantages of CME FX....show more

 

Managing and maintaining e-trading platform performance

Features

Stewart Clements explores e-FX and service management, outlining the importance of the underlying technology infrastructure and experienced end to end service management for business success....show more

 

e-FX: Helping to streamline Treasury operations

Features

Mark Warms focuses on two areas which are high on the agenda for many treasury departments enhancing control and compliance, and centralizing treasury operations....show more

 

e-FX and Emerging Markets

Features

Tom Roche looks at why there is now a demand for on-line emerging markets offerings which both matches and exceeds that available today in the off-line world....show more

 

The case for Foreign Exchange Prime Brokerage

Features

Gil Mandelzis outlines why there is such growing interest in providing Prime Brokerage services and what the key drivers pulling banks into this competitive market are....show more

 

Enhancing FX Technical Research with innovative use of web technology

Features

How is real-time delivery of research now achievable and what benefits does it bring? Paddy Osborn provides some of the answers....show more

 

Choosing a Pricing Engine? – It needn’t be a frustrating experience

Features

If you are choosing a pricing engine platform you should ignore the jargon involved, says Aharon Haber, and make business drive the technology decision....show more

 

Web Messaging Systems for Real-Time FX Trading: The State of the Art

Features

Tim Kemp illustrates how a messaging system is a crucial component of any real-time FX trading service and how Web Messaging offers a single solution for many problems...show more

 

Achieving STP for OTC Forex Derivatives

Features

STP has not normally been available for Over the Counter (OTC) forex derivatives, says John Richards, who outlines the requirements to achieve and support it...show more

 

Complex but rewarding – extracting the maximum value from FX Liquidity Aggregation

Liquidity Management

Nicholas Pratt examines how FX participants are able to extract the maximum value from the ever evolving world of the FX liquidity aggregation and how the providers are working to match the demands of buy and sell side....show more

 

FX Liquidity Aggregation An old concept with a new face

Liquidity Management

Nicholas Pratt looks at the efforts of liquidity aggregation providers to develop innovative features and the importance of long term relationships between liquidity providers and takers....show more

 

VertexFX. One of the most reliable, secure, independent and scalable trading platforms

Platform Profile

e-Forex talks with Akram Majed, CEO of Hybrid Solutions about VertexFX Trader...show more

Morgan Stanley Matrix pushes new boundaries

Platform Profile

Morgan Stanley’s focus on delivering market-leading quantitative analysis tools through its fixed income e-commerce platform started to pay dividends last year. Facing stricter regulations and tighter profit margins, a growing spectrum of clients are using Matrix’s advanced functionality for unrivalled pre and post-trade transparency and to enter the world of algorithmic trading. Caroline Henshaw spoke to David Wright, head of FX electronic distribution and product development in Europe & the US, and Pete Eggleston, head of Quantitative Solutions and Innovations (QSI), about how the bank is tailoring its unique tool set to the needs of its clients....show more

 

EBS Direct bringing a new dimension to liquidity-based relationship trading

Platform Profile

e-Forex talks to Jeff Ward, Global Head of EBS Direct, the new service from EBS that provides relationship-based disclosed liquidity, in addition to its traditional anonymous spot FX offering....show more

 

Citi Velocity Trading 2.0 Delivering speed and far more efficient use of desktop space

Platform Profile

Offering a host of customisable pre-trade analytics and trading tools Citi Velocity 2.0 is a next-generation cross-asset trading platform that is leading from the front. Frances Faulds talks to Alaa Saeed, Global manager for Citi Velocity Trading about its recent launch....show more

 

Getting the measure of Bitcoin

CryptoCurrencies

Bitcoin is a story that wants to be written. There’s always something happening, and almost all the main characters are available for interview. Bitcoin is never boring, nor predictable. Just this morning (in late November 2014), for example, the rumour reached this laptop that Satoshi Nakamoto, the possibly pseudonymous inventor of Bitcoin, might have been working for the US National Security Agency all along. Within the past month, a former SEC chairman, Arthur Levitt, has signed up as an adviser to two Bitcoin companies; a founding director of the Bitcoin Foundation, John Matonis, has resigned; and the FBI has shut down the Silk Road 2.0 online black market. The price of a single bitcoin hit its low for the calendar year, USD326, on 4th November (source: blockchain.info) and bumped up to USD430 ten days later....show more

 

Regional e-FX perspective on Asia

Regional eFX Perspective

Electronic trading across Asia continues to become more widespread and is increasing rapidly by volume. But, as Richard Willsher discovers, the countries and customers of the Asian theatre are so varied that it would be a mistake to see it as a single market where one size fits all. ...show more

 

North America

Regional eFX Perspective

Two key trends have characterised recent developments in electronic trading across North America’s foreign exchange markets: the rise of the Mexican peso and the need for transparency in order to meet regulatory demands....show more

 

Asia

Regional eFX Perspective

Dodd Frank, RMB and Mrs. Watanabe: Richard Willshire reveals how all signs point to a great leap forward for e-trading in Asia’s foreign exchange market, where regulation, trade in renminbi and the Japanese retail sector are the outstanding features in the landscape....show more

 

Regional e-FX perspective on Australasia

Regional eFX Perspective

With Australasia increasingly being seen as a hotbed of innovation with respect to e-FX and Richard Willsher sets out to explore in what ways this region is set to see further growth in the use of electronic trading by all FX market participants....show more

Thoughts on the current CEE currency landscape

Regional eFX Perspective

By Mats Olausson - chief emerging markets strategist and Magnus Lilja, head of FX and emerging markets sales at SEB ...show more

 

Regional e-FX perspective on Central & Eastern Europe

Regional eFX Perspective

The countries of Central and Eastern Europe (CEE) are often characterised as emerging markets. Yet this masks a two-speed region where electronic foreign exchange trading is common and well developed in some local markets and less so in others....show more

 

Regional e-FX perspective on the Nordic countries

Regional eFX Perspective

Four hi-tech economies, three niche but liquid currencies and a number of banks and service providers competing tooth and nail to gain customer business, make the Nordic countries an intriguing case study in e-FX trading....show more

 

China and South East Asia

Regional eFX Perspective

Rapid growth and technical change are continuing to drive electronic foreign exchange trading in China and South East Asia. The world’s biggest technology providers, banks and market makers are all active in the region, beefing up their capabilities and many hiring new staff. At the same time regional banks and brokers are rushing to offer more sophisticated technology to their customers. In the meantime they all have their eyes on China so that they’ll be ready for any significant changes that could open up the world’s most populous market and soon-to-be world’s largest economy....show more

 

Regional e-FX perspective on Canada

Regional eFX Perspective

Canada consists of ten provinces and three territories and is one of the worlds wealthiest nations. It has a very diversified economy much reliant on natural resources and trading relationships with overseas countries, particularly the United States. Heather McLean explores the current FX trading environment within this huge country and how leading Institutional and Retail FX providers are meeting increasing demand for electronic FX execution solutions amongst their clients....show more

 

The Middle East

Regional eFX Perspective

Heather McLean examines e-FX within the region....show more

 

Liquidity Management - a game changer in FX brokerage

FOCUS

Nicholas Pratt examines the issues shaping FX brokers use of liquidity management services and how they can be the difference between success and failure in an increasingly competitive market....show more

 

Applying real-time trading analytics for achieving improved TCA in FX

FOCUS

TCA is still nascent in the FX environment but as Dan Barnes discovers, it has the potential to leapfrog development stages found in equities....show more

 

Single Bank FX platforms - moving to enrich the customer experience

FOCUS

Frances Maguire talks to a selection of leading banks about how they are differentiating themselves and adding value to their e-FX platforms in a maturing, but still increasingly competitive, market place....show more

 

Build versus buy: post-trade choices facing FX trading venues

FOCUS

Despite the current budgetary constraints, the difficulties in improving post-trade processing for the spiralling number of FX tickets is still tempting the banks and FX trading venues to build rather than buy. Frances Maguire looks at the choices involved....show more

 

Curing the Post-trade FX problem: Is it time for radical surgery?

FOCUS

In recent years, the FX market has witnessed the emergence of a new trend in electronic trading: algorithmic trading strategies designed to capture execution opportunities in increasingly automated and fragmented marketplace. This article examines the changing market reality in the FX market, assessing the potential for growth in adoption of FX algorithmic trading, as well as identifying possible pitfalls. ...show more

 

Stream Processing Technology – Gearing up for Low-Latency FX Trading

FOCUS

Dr. Ugur Cetintemel ...show more

 

Managing FX market data - applying next generation technology

FOCUS

Next generation Push: a viable technology for web-based FX market data delivery...show more

 

Gaining Competitive Advantage in FX markets through real-time data middleware

FOCUS

Bharath Rangarajan Director of product marketing at GemStone Systems...show more

 

Quantifying the FX Data Management problem

FOCUS

Paul Ronan Managing Practictioner, City Practictioners...show more

 

Data Dusting; the need for better FX Data Management

FOCUS

Louise Westerlind looks at why the timing is now right for the FX market to clean up and better manage FX data....show more

Managing FX market data -applying next generation technology

FOCUS

...show more

 

e-FX in Germany: Assessing the Future prospects

FOCUS

Nicole Dyga and Ales Stárek set out to answer the question of what the future holds for e-FX in Germany....show more

 

FORUM: Electronic FX trading in Germany – assessing the challenges

FOCUS

In this months FORUM we bring together senior executives from 6 of Germany’s largest banks to discuss the challenges and adoption of online and electronic FX trading within the country....show more

 

e-Trading in the German institutional sector

FOCUS

Alfred Schorno examines the institutional sector in Germany and gauges their enthusiasm for embracing the electronic trading environment....show more

 

German Corporate FX Management

FOCUS

Georg Ehrhart, a partner of the firm Schwabe, Ley & Greiner, outlines some statistically representative trends in German Corporate FX management they have identified....show more

 

Online foreign exchange trading in Germany – a market poised for growth

FOCUS

Keith Hill looks at how, in Germany, the scene is set for a major shift in the trading of FX– moving away from the telephone towards the complete automation of the trading process...show more

 

Using Software as a Service (SaaS) for more effective Corporate Treasury Management,

The e-Forex Surgery

James Gilbert Director of Business Development, FXpress Corporation...show more

AxiCorp Financial Services an increasingly popular portal to the foreign exchange markets

Regional Provider Profile

e-Forex talks to Goran Drapac, CEO of AxiCorp Financial Services, a leading Australian provider of foreign exchange trading, payments and currency transfer services....show more

TMS Brokers S.A.

Regional Provider Profile

With Jonathan Williams, COO and Vice Chairman of the Management Board...show more

 

DBS Bank – developing e-strategies and customised FX solutions for clients throughout Asia

Regional Provider Profile

e-Forex talks with Kwa Woei Kyet, Head of FX Liquidity at DBS Bank...show more

 

Mobile e-FX delivery channels – are they ready to go mainstream?

Special Report

Use of mobile devices is standard practice nowadays amongst traders in the retail FX sector, and it has been for several years. The ability to literally not only keep a finger on the pulse of the market from wherever you are, but to execute trades from anywhere, is increasingly taken for granted. Now, use of this “on-the-go” functionality is beginning to spread to the institutional markets as well and, as Heather McLean discovers, although take up of mobile communication applications has so far been far more cautious than that of the retail market, there are signs that this hesitancy is changing....show more

 

Mitigating conduct risk – making the move towards real-time market surveillance in FX

Special Report

In today’s fast-evolving regulatory environment, building effective real-time market surveillance systems can be a key differentiator for clients when choosing their FX provider. Now, with the advent of of increasingly sophisticated systems that can predict breaches before they even happen, financial firms are also seeking to turn regulatory necessity into competitive advantage for their trading desks. Caroline Henshaw investigates....show more

 

Electronification and the future growth of FX Options

Special Report

Strides have been made in electronic trading for FX options recently and as Frances Faulds discovers there are still more to come....show more

 

Choice, Consolidation, Customisation. Picking the winners in the FX Aggregation race

Special Report

One might think that an aggregation service is a numbers-based business. The more providers that are on the platform the better, and the cheaper the costs, the better. However it is increasingly being viewed as primarily a relationship-based service by the many providers in the market. Against that backdrop Nicholas Pratt sets out to discover what exactly defines a good relationship, how it manifests itself through the technology employed in a liquidity management service and whether it is really possible to find a middle path that satisfies both liquidity providers (LPs) and liquidity takers....show more

 

Swap Execution Facilities. A difficult birth but a promising future in FX

Special Report

Eva Szalay sets out to explore areas of concern that have be expressed by market participants regarding the operational procedures associated with SEFs and how these are being addresses by regulators and the industry....show more

 

Introducing benchmarks into the FX trade execution process

Special Report

The growing FX transaction cost analysis (TCA) market is bringing more tools to measure the performance of liquidity providers, execution quality and even latency. Frances Faulds looks at what is in store....show more

 

LMAX Exchange. Exchange style trading for spot FX

Special Report

LMAX Exchange is the first MTF for FX, regulated by the FCA. Established to deliver the benefits of exchange quality execution to both buy-side and sell-side trading institutions, LMAX Exchange brings market participants together in an anonymous, order-driven and fully transparent environment...show more

 

The unstoppable pace of FX on exchanges

Special Report

With the incoming regulatory environment favouring centrally cleared products over OTC instruments Frances Faulds looks at how the exchanges are gearing up for continued growth....show more

 

Traders Diary: Two winners, two losers

Retail FX trading

Samuel J. Rae gives us an overview of the ups and downs he has experienced with his trading strategies over the last three months and the steps he takes to maintain a positive risk reward ratio....show more

 

Trader Diary - A tale of winners and losers

Retail FX trading

Samuel J. Rae gives us an overview of the ups and downs he has experienced with his trading strategies over the last three months and the steps he takes to maintain a positive risk reward ratio....show more

 

New players, strategies and opportunities. An exciting future awaits for social forex trading

Retail FX trading

Social trading in forex is becoming ever more established in the retail world, and is even becoming a useful tool for more experienced traders looking to exploit the knowledge of the masses to improve their strategies. Heather McLean explores how this innovative area is seeing the development of new functionalities and toolsets to improve the trading experience for all, leading to an exciting future of opportunity....show more

 

Pushing the boundaries in retail forex with cutting edge trading services

Retail FX trading

The fast growing retail forex market is hungry for technology to fuel the needs of smart and increasingly savvy investors who are looking for trading opportunities and the quickest ways to execute them. In response to this powerful demand, Heather McLean discovers how a new breed of retail FX broker is utilising state of the art technology coupled with fully customisable trading platforms to provide powerful suites of online services catering for mobile, automated, social and power traders. ...show more

 

Copy trading - opening up a world of possibilities for retail FX investors

Retail FX trading

From being able to trade instantly without spending time as an apprentice retail trader learning the ropes for yourself, to improving trading and investment performance by watching what makes others successful, copy trading is popular and is becoming more so as Heather McLean discovers. ...show more

 

Noisy and Inflammatory - helping FX trading firms to navigate the unstructured data flows from social media

Social Media

Like it or loathe it, social media is here to stay. And contrary to popular belief, social networks are not just about obsessive “Beliebers” or narcissistic “Selfies”. We now see influential politicians through to journalists (often posting scoops) and well followed investors and traders sharing the stage. This trend has even extended to regulators such as the U.S. Securities and Exchange Commission, which now allows corporates to disseminate material non-public information through social networks due to “appreciating the value and prevalence of social media channels in contemporary market communications”....show more

 

Collective Forecasting bringing the wisdom of the crowd to FX

Social Media

Arjun Hassard, CEO of Myriada, explains how the concept of crowd wisdom works and the benefits that collective forecasting could bring to the FX trading environment....show more

 

Cutting through the noise - leveraging web content curation for FX trading applications

Social Media

Emmett Kilduff, CEO and founder of Eagle Alpha, explains the concept of content curation. He also outlines how companies specialised in monitoring and filtering digital information from a wide variety of social media, news sources, websites, forums and chat rooms across the web can provide deeper market insights and actionable data for high performance FX trading firms looking to build alpha generating strategies and trading models. ...show more

 

Coming of age. Social Media reaches critical mass in FX

Social Media

With barriers to treating social media as legitimate outlets for communication now being lowered across the capital markets, Eva Szalay looks at how these digital channels are being used as tools for FX providers to educate, communicate, establish trust and attract new customers, and also as an invaluable and essential source of news and market sentiment for currency trading firms who are looking alpha generating opportunities....show more

 

More signal, less noise – fine tuning MRN services for FX

Forex Technology

As Machine Readable News gains further traction in FX, Nicholas Pratt examines the reasons for its growing use and how the providers are extending their offerings....show more

 

Software, hardware and hybrids: optimal configurations for achieving low latency FX

Forex Technology

Dan Barnes discovers why delivering effective low-latency for FX trading requires a tailored technology stack. ...show more

 

Improving real-time response rates to FX Trading opportunities

Forex Technology

When it comes to improving real-time response rates in the FX trading world a number of factors come into play in terms of the whole technology stack - from messaging and front-end technologies for data distribution to execution latency and the network layer. Handling one aspect at the expense of another rather than addressing matters holistically is flawed and ultimately could prove costly. Roger Aitken reports....show more

 

Integrating CEP technology as a core component of real-time FX trading architectures.

Forex Technology

Complex Event Processing (CEP) technology continues to fan out further and faster across the FX market moving beyond the algorithmic trading arena into new areas. Roger Aitken examines the landscape and canvasses some leading vendors....show more

 

Offering wider market access – Cloud Computing proves well suited to FX

Forex Technology

Cloud computing services are widening access to the FX market and helping firms to better integrate front, middle and back-office functions. Joe Morgan examines in what ways use of cloud computing can improve the operational capabilities of trading desks and allow FX firms to fine tune their offering....show more

 

A new approach to FX Alpha strategy development

ALGOFX LAB

Back in the early 1970s, the foreign exchange (FX) market was a little-known world primarily relegated to currency traders inside central banks and government institutions. However over the past 40 years, FX trading has exploded into one of the largest asset classes globally with several trillion traded each day. From the introduction of online currency trading in 1994 to the arrival of the Euro in 2002, FX trading has come to attract some of the best financial talent around the globe – gaining attention from prominent hedge funds and commodities trading advisors (CTAs), as well as leading banks and financial institutions....show more

 

Fast Market conditions:

ALGOFX LAB

Letting your algorithms take control....show more

 

New models and methodologies: taking your automated FX trading to the next level

Automated FX Trading

Popularity of automated trading systems has been constantly growing throughout the years. On the one hand, the reason of such popularity is that an automated trading system allows a trader to generate more trades (a robot allows to analyze more trading instruments and timeframes simultaneously) and excludes the psychological factor when making decisions. On the other hand, automated trading is popularized by brokerage companies and developers of trading platforms and trading systems....show more

 

Forex Expert Advisors. Taking the emotion out of trading for profit

Automated FX Trading

One of the many benefits of expert advisors (and trading models more generally) is that they offer traders a disciplined framework within which to operate. For those who find the emotional pressures of discretionary trading an issue, they are therefore a valuable solution. However, as Andy Webb explains, they also open the door to other opportunities not economically feasible for a human trader, such as diverse strategy portfolios....show more

 

FxPro Quant

Automated FX Trading

A growing number of traders are appreciating the advantages of automated trading when it comes to self-discipline. When an automated model is left to run, the trader is no longer subject to the fear and greed pressures of discretionary trading. Yet coding an automated model from scratch is not trivial - a point not lost on FxPro, which has launched FxPro Quant as a drag and drop solution. Andy Webb takes a look....show more

 

Data, models and programming: overcoming complexity in automated FX trading

Automated FX Trading

As automated trading becomes increasingly accessible to retail traders, a fundamental shift is taking place among the available platforms. On the one hand, the sophistication of their tools and analytics is increasing. On the other, the programming expertise required to take advantage of this enhanced functionality is decreasing. Andy Webb examines some of the key areas in which this apparent contradiction is taking place....show more

 

Pick and Mix - choosing the best algorithms to fit your FX execution strategy

Automated FX Trading

William Essex sets out to explore in what ways factors that drive a firms execution requirements will influence the most appropriate FX algorithms for them to use and how buy-side clients are increasingly looking to pick and choose algorithms according to what they wish to achieve in any given point in time....show more

 

Single-Dealer Platforms offering high precision toolsets to give clients what they need

FX e-Commerce and Platforms

Banks have made major investments in single-dealer platforms in recent years but as the technology is commoditised, platforms need to add unique value in a fully customisable format if they are to gain market share. Joel Clark reports...show more

 

Banks and the Buyside: New developments in electronic FX client services

FX e-Commerce and Platforms

While tier one banks may have led the way in the development of singe dealer platforms (SDP) the need to compete, innovations in software and the demand for customisation have increasingly led many other providers to build their own, agile and effective platforms. Richard Willsher investigates....show more

 

Multi-asset class SBPs servicing a wider set of client needs

FX e-Commerce and Platforms

Competition from the ever increasing number of multi-bank platforms and greater diversity from traders is driving banks to re-evaluate and often rebuild their single bank platforms to offer cross-asset class trading functionality. Frances Faulds reports....show more

 

Breaking track records with SDPs the Formula One trading platforms of FX

FX e-Commerce and Platforms

Nicholas Pratt looks at banks’ efforts to develop their SDP offerings and examines whether it is still possible to break new ground in this well established corner of the FX market....show more

 

Moving the benefits of e-FX for Investment Managers beyond the advantages of workflow automation

FX e-Commerce and Platforms

Nicholas Pratt explores why the value proposition of electronic FX trading and use of e-channels by Institutional Investors and fund managers is now stronger than ever in terms of achieving best execution, reducing operational risks, improving performance and reducing costs....show more

 

Delivering e-FX platforms in an ever changing landscape

Fast Track

With Joe Locke, CEO of Eurobase Banking Solutions, a leading provider of eTrading and Treasury Management software....show more

 

360T Market Maker Cockpit: Delivering control

Spotlight

e-Forex talks with Alfred Schorno, Managing Director of 360T Group about the firms latest pricing engine functionality....show more

 

Zing JVM - Optimising Java deployments for low latency FX trading

Spotlight

With Scott Sellers, co-founder and CEO, Azul Systems, a leading Java runtime innovator....show more

 

Which, When and Why taking a more informed approach to algorithmic FX trading

Algorithmic FX Trading

William Essex sets out to explore why choosing the most appropriate FX algorithm for their own specific needs can sometimes be a complex undertaking for many buyside firms who may be new to the benefits and applications of using algorithms....show more

 

Execution algorithms. Where innovation is driving demand in FX

Algorithmic FX Trading

William Essex explores which FX buy side sectors are now becoming the biggest users of execution algorithms and in what ways the focus on transaction cost analysis in FX is further stimulating the use of algorithms as a key component of best-execution toolsets....show more

 

A day in the life of an algo

Algorithmic FX Trading

Gary Stone, Chief Strategy Officer, Bloomberg Tradebook, gives us a masterclass in handling a trend reversal....show more

 

FX algorithms now easier to use and tactically much more proficient

Algorithmic FX Trading

William Essex investigates the latest developments with FX algorithms including efforts by providers to develop more advanced algorithmic toolsets with new tactical capabilities that although quick and simple to deploy are functionally much more adept than their predecessors...show more

 

Embedding algorithms into FX buy-side strategies

Algorithmic FX Trading

William Essex sets out to discover what types of FX algos have been proving most popular with FX buy-side trading firms and how their use is being refined....show more

 

Exploiting the Big Data advantage - right-sizing for FX algorithms

Algorithmic FX Trading

William Essex sets out to explore the nature of Big Data and to discover what opportunities and challenges its arrival presents to developers of FX algorithms....show more

 

Adaptive FX algorithms - giving control back to clients

Algorithmic FX Trading

What, do you suppose, is the opposite of “adaptive”? Rigidly inflexible, perhaps? Incapable of adapting to changed market conditions? To suggest that we trade/execute in FX with rigidly inflexible algorithms would be ridiculous. But if we’re talking about adaptive capability (adaptiveness) in the context of the microstructure and dynamics of the FX market, there’s a surprising amount more to be said than just: let’s be as adaptive as we can. FX is big, liquid, complex, changeable, unpredictable, and a lot of other adjectives as well. To maximise the adaptiveness of your FX-algo suite is a good idea. To believe that this will always be a simple process – no...show more

 

Slicing and dicing - utlising new algo toolsets for increased precision with FX order execution

Algorithmic FX Trading

Now that slicing and dicing algorithms have become a common feature of the FX marketplace, Nicholas Pratt examines how traders are using the latest algorithmic tool-sets for increased precision with FX order execution....show more

 

Regional development of Algorithmic FX trading

Algorithmic FX Trading

As the use and adoption of algorithmic FX trading strategies continues to develop in the major financial markets of London, New York and Tokyo, focus is now turning to the next tier of FX marketplaces such as Western Europe, Latin America, Scandinavia, Australia and Asia. Nicholas Pratt sets out to discover what correlation exists between global growth patterns of Algorithmic FX trading and the characteristics of individual regional markets around the world...show more

 

Deploying FX Algorithms for Systematic Liquidity Management

Algorithmic FX Trading

Systematic liquidity management uses technology to make banks' FX businesses more efficient, and ultimately more profitable. This is not confined to the top few global banks, but is equally beneficial to smaller regional banks. Most, if not all, market-makers should be reviewing their trading processes and should be seeking to reduce costs by implementing liquidity management solutions. This article examines: 1. The rationale behind why an increasing number of FX market-makers are implementing systematic liquidity management into their FX trading environmen 2. The likely problems. 3. The short and medium term gains. 4. The long term goals....show more

 

The White Box approach : Algorithmic Trading for FX

Algorithmic FX Trading

Dr John Bates looks at the use of the white box approach for Algorithmic FX trading and how the race for supremacy in this new market will continue unabated....show more

 

An FX e-commerce Case Study

Case Study

e-Forex invites James Kemp, Managing Director at Stentra, to illustrate how one investment bank took advantage of an in-depth evaluation of their FX e-commerce infrastructure, where a number of issues had proved intractable for many months....show more

 

STP & Automation at Infineon Technologies

Case Study

Thomas Seidel, VP, treasury markets at Munich-based Infineon Technologies, talks about the impact of automation and e-trading in the treasury department....show more

 

Electronic Trading in the Multi-Currency, Multi-Asset Class environment

Case Study

Trayport has been providing rules-based transaction technology since 1998 and Tom Zikas tells us about its Global Vision product....show more

 

High velocity, volume and complexity - addressing the challenges of Big Data in FX

Technology

There are enormous advantages available for FX trading firms that are able to capture and analyse the universe of available data, but, as Dan Barnes reports, getting to grips with the massive wealth of information that’s out there is a considerable technical challenge....show more

The race to zero and beyond: harnessing the benefits of Microwave technology for high speed precision in FX trading

Technology

e-Forex talks to Dr Jock Percy, CEO of Perseus Telecom and Jay Lawrence, CEO of NexxCom Wireless about the application of Microwave communications technology in the FX trading environment....show more

 

Investing for the future making the right strategic choices about retail forex technology

Technology

e-Forex talks to Tom Higgins, CEO of Gold-i, Olga Garaeva, CEO of IFS Software Development Company, Tim Haman, CEO of Fair Trading Technology, Jakub Zablocki, Managing Director of X Financial Solutions and Andrew Ralich, Co-Founder / Principal at oneZero Financial Systems, to discuss some of the key issues forex brokerages and margin FX providers are concerned about as the industry continues to go through a period of rapid growth....show more

 

In-Memory Computing: offering transformational opportunities for FX trading applications

Technology

By Nick Deacon, senior director, EMEA at SAP....show more

 

Will CEP become a catalyst for competitive differentiation in FX?

Technology

As complex event processing (CEP) becomes increasingly popular as a tool for analyzing high frequency data in a latency driven trading environment, Nicholas Pratt examines whether CEP will become a catalyst for competitive differentiation in FX. ...show more

 

From conflict to collaboration - how client relationships are changing across the e-FX trading environment

Debate

With Ty Danco, CEO of Buyside FX, Alan F. Schwarz, CEO of FXSpotStream, David Vincent, CEO of smartTrade Technologies and Justyn Trenner, Global of Head of Liquidity Optimization at EBS....show more

 

What does the future hold for Multi-Dealer platforms in FX?

Debate

With Roger Rutherford, Chief Operating Officer, ParFX, Paul Tivnann, Global Head of FX and Commodities Electronic Trading at Bloomberg and John Miesner, Managing Director, Head of Global Sales, KCG Hotspot...show more

 

Transparency, efficiency and innovation

Debate

Uncovering the real benefits of Institutional ECNs and new trading venues for the FX buy-side...show more

Will a new generation of trading venues bring more fairness and efficiency to FX?

Debate

With Roger Rutherford, Chief Operating Officer at ParFX, Harry Gozlan, Executive Chairman of SmartTrade Technologies, and Ty Danco, CEO of Buyside FX....show more

Delivering Institutional grade products and services: Are banks raising the bar in Retail FX?

Debate

With Paul Inkster, Head of Product at Barclays Stockbrokers, Sanjay Madgavkar, Global Head of Retail FX trading at Citi and Betsy Waters, Global Head of dbFX at Deutsche Bank....show more

 

Easing the brokers burden with powerful new technology and liquidity solutions

FX Brokerage Operations

With technology advancing at a rapid pace, it has never been easier for retail forex brokers to run their businesses more efficiently. Using cutting edge solutions to get more out of their liquidity providers and their trading platforms, brokers are not just able to survive in tough market conditions and comply with ever more stringent regulations, but they can capture new business opportunities and prosper as well. Heather McLean investigates....show more

 

Minimising costs, Maximising opportunities – taking the best route towards an FX White Labelling solution

FX Brokerage Operations

Caroline Henshaw discovers more about, how, in the competitive world of forex today, more and more hard-pressed brokers are choosing to concentrate their resources on areas where they can add value and outsourcing the rest to sophisticated white label service providers that can not only help start-ups enter the market but enhance existing businesses....show more

Boutique prime brokers offering a far more customised FX service

FX Brokerage Operations

The prime brokerage industry is facing some of its toughest times since the financial crisis, squeezed on one end by stricter regulations and at the other by falling profits. But, as Caroline Henshaw now reports, mid the chaos, a new generation of agile and sophisticated boutique FXPBs have emerged that can offer clients a service tailored to their diverse needs....show more

 

Switching a retail FX brokerage to the multi-platform model

FX Brokerage Operations

Heather McLean explores what issues are leading increasing numbers of FX brokers to offer multiple platforms to their customer base and the advantages this brings....show more

 

Brokerage technology: acquiring the right systems for moving up the retail e-FX value chain

FX Brokerage Operations

With retail investors being one of the fastest growing groups of FX traders, brokers are rapidly having to expand their range of products and services to keep pace. Yet, as Heather McLean reports, many issues need to be addressed in order to ensure that they acquire the right technology platforms for their businesses which will enable them to grow and eventually move up the retail e-FX value chain....show more

 

Filling the banking gap with a new wave of FX prime broker and credit intermediary

FX Brokerage Operations

Nicholas Pratt examines how a new breed of FX credit intermediaries and prime of prime brokers are able to fill the void left by banks who are responding to the impact of the tightened credit environment by reconsidering their engagement with hedge funds, prop trading firms and retail aggregators, making it harder for these firms to access interbank markets...show more

 

Prime Brokerage. Your gateway to the interbank FX markets

FX Brokerage Operations

Prime brokerage is proving to be a popular model with institutional FX trading firms so Nicholas Pratt asks what the attraction is and how prime brokers are helping clients to leverage the benefits of their services....show more

 

Adopting smarter go-to market strategies with FX White Label Services

FX Brokerage Operations

As new firms enter the FX market, their need for technology, infrastructure and expertise is encouraging them to buy into the white label service model. Nicholas Pratt examines what they should look for from a potential provider....show more

 

One size no longer fits all. The welcome arrival of more tailored institutional forex software services

FX Brokerage Operations

When the forex industry began to look at technology as a way to make more money, faster, and to stay ahead of the markets and the competition, an ‘out of the box’ or ‘off the shelf’ approach to technological solutions was the way to go. Today, as Heather McLean discovers, that idea is losing its appeal as a more tailored approach and a desire for differentiation in the marketplace, takes precedent. ...show more

 

Outside the box. New thinking in the development of electronic FX brokerage platforms

FX Brokerage Operations

The emergence of more open platforms has led to a step change in the retail FX brokerage market. Nicholas Pratt examines the thinking behind the development of the latest electronic FX brokerage platforms....show more

 

Technology Partners. Helping retail FX brokers to build a more successful business

FX Brokerage Operations

Nicholas Pratt examines the challenges Retail FX brokers are likely to be facing over the next few years and how the industry’s leading technology vendors are helping them to meet them....show more

 

Top class technology. Lowering risk and easing the FX brokers path towards increased sales and client acquisition

FX Brokerage Operations

The phenomenally massive industry that is electronic foreign exchange trading demands nothing but the best software, hardware and trading infrastructure. This is particularly true for both Retail and Institutional FX brokerages where top class technology can lower risk and ease a broker’s path towards increased sales and client acquisition. However, as Heather McLean discovers, finding and choosing the most appropriate technology is no simple feat....show more

 

Choosing a PoP to partner with

FX Brokerage Operations

Heather McLean explores why the Prime of Prime Brokerage (PoP) model continues to gain traction and how brokers can go about harnessing the powerful technology services and customised liquidity solutions provided by PoPs....show more

 

Binary Options - Friend or Foe to Forex Brokers?

FX Mythbusters

With Shay Hamama, VP of Business Development at MarketsPulse...show more

 

Complex Event Processing – a proven technology and highly scalable for FX

FX Mythbusters

Stuart Grant business development manager, SAP...show more

 

Provision, distribution and consumption Is liquidity changing the operational dynamics of the FX Marketplace?

e-Forex Roundtable

e-Forex talks to Justyn Trenner, Global Head of Liquidity Optimization at EBS, Joe Conlan, Global Head of FX Sales at INTL FCStone Markets, LLC, Yaacov Heidingsfeld, Chief Executive Officer, Co-founder of TraderTools Inc., Paul Tivnann, Head of Foreign Exchange and Commodity Electronic Trading at Bloomberg L.P., John Miesner, Managing Director, and Global Head of Sales for KCG Hotspot FX LLC, to discuss how the provision, distribution and consumption of liquidity may be altering the way the FX market has traditionally functioned, and to assess the wider consequences of this. ...show more

 

Electronic FX trading and Hedge Funds. With MAN Financial,Gartmore Investment Management, GAM, Cognotec and Hostpot FX.

e-Forex Roundtable

5 major players discuss the issues surrounding electronic FX trading and Hedge Funds...show more

 

Leveraging FIX for FX: assembling the building blocks

Standards

Jack Lemonik outlines how FIX users may implement and integrate the FIX Protocol specifications for foreign exchange trading and the communication networks that may be applied....show more

 

FX and the Buy-Side: FIX delivers

Standards

The advent of centralized Order Management Systems and electronic dealing for Forex has changed the dynamics of the Fund Manager’s trading desk says Kees Hollenbach....show more

 

The future of retail forex is China

Viewpoint

Much has been made of the rapid growth China has undergone recently, with the country now considered an economic powerhouse, second only to the United States. Alongside this unprecedented growth has been a parallel rise in the retail forex industry, with more investors in China than ever before interested in managing their own wealth through online forex trading. Though there have been some indications of the Chinese economy slowing down in recent months, the country remains one of the highest performing economies in the world, and the investment power of the Chinese population should not be underestimated....show more

 

Forex Time. Making a real difference in Retail FX

Viewpoint

Olga Rybalkina, CEO of ForexTime, outlines why her firm aims to raise the industry standards in Retail FX and how the launch of FXTM PAMM will spearhead the company’s growth strategy. ...show more

 

eFX - Still lagging in Web and Mobile?

Viewpoint

Consider this scenario: You’re travelling for business when you receive a message from your broker mid-way through your flight (it’s a fancy new Boeing that doesn’t blow an engine when you check your email). The heads of the Eurozone have struck up an agreement on Greece’s new bailout. Hooray! Wait, not hooray. You had SOLD the euro and now Merkel is eating her way Pac-Man-like into your profitable position. If you don’t do something fast, you’ll hit your stop loss sooner than the next Athenian can lob a petrol-bomb at a policeman....show more

 

Regulatory changes, discussions around a Tobin Tax.

Viewpoint

Isn’t the biggest global financial market actually in a good shape?...show more

 

Sungard Sierra – a lesson in seamless connectivity

Viewpoint

Seamless connectivity and STP are becoming increasingly important in the FX market. Stephen Yerkes, Director of ASP Services, Sierra, SunGard, explains what users should look for in a system that can meet these vital demands...show more

 

Laurent Useldinger discusses facilitating Direct Market Access in FX.

Viewpoint

Laurent Useldinger CEO of Ullink....show more

Currency Derivatives Online –Is Technology what matters?

Viewpoint

The Goldman Sachs experience...show more

 

Toolkits and plugins - essential extras for optimising MetaTrader platforms

Retail e-FX Provider

Heather McLean explores how brokers can differentiate their services and capture new business opportunities by leveraging an increasingly wide range of third party components for the MT4 and MT5 platforms....show more

 

Building and developing an FX brokerage with White Label services

Retail e-FX Provider

Heather McLean investigates what core services need to be delivered by White Label programs to assist firms to quickly establish a successful online FX brokerage business....show more

 

Becoming more competitive - giving Retail FX brokerages the right tools for the job

Retail e-FX Provider

Retail FX brokerages now have to keep up with both increasing operational demands and external market forces in this highly active market. As the Retail FX brokerage industry becomes progressively more competitive, Heather McLean explores what mission critical technology and business services are now required to meet all of these challenges and how can these services can be leveraged by brokers to reduce risk, maintain their competitive offerings and grow their market share. ...show more

 

Prime of Prime Brokerage – extending market access for Retail FX providers

Retail e-FX Provider

Nicholas Pratt examines the prime of prime brokerage (PoP) model and why it has been an increasing feature of the retail FX market as a consequence of numerous factors, including a more educated (and consequently more suspicious) client base. ...show more

 

MT4 Liquidity Bridges - powerful new business engines for Retail FX

Retail e-FX Provider

As Retail FX brokers look to adapt their trading platforms to cater for the increasingly popular ECN market, MT4 Liquidity Bridging applications are certain to play an important role. Nicholas Pratt looks at the challenges that lie ahead for the application developers....show more

 

Trading networks, hosting and infrastructure – investment in low latency FX propositions gathers pace across Asia

Networks, Hosting and Connectivity

The growth of Asian FX markets is seeing more interest from international FX providers in third party services to connect to these markets. Nicholas Pratt looks at the issues involved....show more

 

Isolating the real merits of fully outsourced hosting and FX connectivity services

Networks, Hosting and Connectivity

Outsourcing something as crucial as management of connectivity infrastructure may create concern through the loss of control, however, as Dan Barnes reports here, it can greatly improve flexibility around cost and market access....show more

 

Reaching a tipping point why FX data managers are now investing in the Cloud

Networks, Hosting and Connectivity

Cloud services may appear to be the answer to the data management challenges facing many FX firms offering almost unlimited space and constant availability at affordable prices. But, discovers Nicholas Pratt, potential customers should always ensure they examine the physical properties that lie behind every cloud service. ...show more

 

FX traders see sunshine through the Cloud

Networks, Hosting and Connectivity

Dan Barnes discovers how high availability, improved tolerance and increased scalability are leading FX traders to place more confidence in the Cloud....show more

 

Pathways for achieving higher speed FX connectivity

Networks, Hosting and Connectivity

The increased adoption of Algorithmic FX trading coupled with the growth of currency trading On Exchanges and the launch on new ECNs is making connectivity a much more complex and potentially costly issue for trading firms wanting to link into increasingly numerous sources of FX liquidity. Dan Barnes explores some of the issues....show more

 

Building low latency FX trading architectures with customised network solutions

Networks, Hosting and Connectivity

For firms trading with high-frequency or utilising high-speed event driven strategies, low latency is crucial, but with so much in the hands of network providers, what can they fine tune? Dan Barnes investigates...show more

 

Hardware, Software, Middleware and Networks squeezing out the latency for faster FX

Networks, Hosting and Connectivity

Hammering out the kinks in a trading workflow requires a comprehensive understanding of how latency can develop reports Dan Barnes....show more

 

Modifying FX trading infrastructures to achieve faster connectivity

Networks, Hosting and Connectivity

To meet the rapidly changing environment of high-speed FX, trading firms have to redesign or outsource their networks to specialist providers. Dan Barnes investigates why connectivity has become much more complex and what low latency solutions are available....show more

FXIC Shanghai

Recent Events

In December, FX consultant Shift Forex held the first of its popular FXIC events in Asia. FXIC Shanghai brought approximately 300 local brokers and bankers together with representatives from leading offshore solutions providers and brokers for two days of panel discussions and networking opportunities at the Waldorf Astoria Hotel on the Bund....show more

CHINA – By R5. The Great Shanghai Taxi Ride

Recent Events

I had the great honour of sharing a ride from the airport to the conference hotel with Galen Stops, Editor of PnL – but about an hour into the journey it was apparent that Driver 530 was lost, and after sharing our best taxi ride stories from around the world – we were now a bit bored and quite keen to actually arrive at said hotel....show more

INDIA – By R5. Building the Power Station

Recent Events

“Evaluating the first 100 days of the new Indian government” City of London & Chatham House panel discussion London 16 September 2014 - Tallow Chandlers’ Hall...show more

SINGAPORE – By R5. London’s Affect on Asia

Recent Events

Some might say that FXWeek had put in a bit more effort to this year’s Asia conference compared to last - and it paid off....show more

 

RedBack comes to a Royal House UK – China Renminbi Summit June 18th 2014 London

Recent Events

In June this year it was my great pleasure to attend the first UK-China Financial Forum as a guest of HM Treasury....show more

 

FXIC New York draws 400 to discuss Regulation, Technology, and Marketing

Recent Events

Some 400 members of the FX community from the Americas, Europe and Asia gathered at the Shift Forex’s FXIC New York this summer for a round of panel discussions on regulation, technology and marketing and for informal gatherings at the Grand Hyatt Hotel....show more

The search for good Mexican food Profit & Loss Conference Mexico April 2014 Mexico City

Recent Events

Someone once told me that if you want good Mexican food you need Mexicans. It’s not the same without them. With regulation front and center at PnL Mexico this year. Re-shaping market best practices, Mexico City (along with Toronto and San Paolo) are shaping up to be strategic cities for the America time zone. Its no surprise then that MXN is the 8th most traded currency pair....show more

 

Has HMS EMFX left NYC? EMFX Conference New York City May 6th 2014

Recent Events

The Inaugural EMFX NYC conference was held in the Big Apple this May to bring together market professionals to discuss relevant issues surrounding both the local latam and emerging markets at large. ...show more

 

Forget G10 – arise the EM10 EMFX London – May 20th 2014

Recent Events

May saw the 3rd instalment of the EMFX conference this year with a whole day dedicated to emerging markets, technology and people....show more

RMB Delegation to China & Taiwan - January 2014

Recent Events

It was my great pleasure to join Alderman Fiona Woolf on her trip to Hong Kong and Taipei this January as a part of the City of London RMB Initiative....show more

EMFX Conference - Singapore - February 18th - Marina Bay Sand

Recent Events

Leading on from the success of the soon to be repeated London event - February saw the second instalment of the EMFX conference, this time in Singapore....show more

 

iFXexpo - Macau – Jan 2014 - Venetian Hotel

Recent Events

What happens in Macau? … Isn’t going to stay in Macau ...show more

The Cyprus EMIR Conference 2013

Recent Events

In light of recent significant changes in EU regulatory matters, and in a bid to keep all interested and affected parties abreast of developments, MAP S.Platis, the financial services advisory firm, organised an international conference titled “The Cyprus EMIR Conference 2013,” which was held in Limassol on Saturday 30 November 2013.The conference proved to be a great success....show more

Profit and Loss Conference Singapore

Recent Events

This November’s Profit and Loss Conference in Singapore saw an interesting panel discussion on the electronification of EM currencies or rather the introduction of eEM....show more

Volatility and Depreciation in Emerging Market Currencies – Indian rupee

Recent Events

‘Curry in a Hurry’ is an Indian Restaurant on Lexington Avenue in NYC and not a low latency, high frequency trading algo for Rupee….or is it ...show more

 

RMB Trading in London

Recent Events

Jon Vollemaere ...show more

 

Forex Magnates London November 2013

Recent Events

A personal appreciation by Eddie Tofpik, Head of Foreign Exchange ADM Investor Services International Limited. ...show more

Get your Helmet On!!!

Recent Events

Highlights from the Currency War Correction...show more

MetaTrader 5 Gateways Connectivity to Exchanges and Liquidity providers Seminar

Recent Events

On the 7th of November 2012 at their offices in Limassol, Cyprus, MetaQuotes Software Corporation held a seminar entitled, ‘MetaTrader 5 Gateways, Connectivity to Exchanges and Liquidity providers.’ The event was designed to highlight the advantages of MetaTrader 5’s Gateway system and the breadth of liquidity providers represented and it’s ability to allow brokers to provide liquidity themselves or trade as an ECN reducing both their own and clients risk. ...show more

 

Future proofing investment decisions in FX technology

Forum

With Cognotec, GFI, Penson Financial Services, Smart Trade and Wall Street Systems....show more

 

Capturing investment opportunities with a new generation of Retail FX trading services

Retail e-FX Client

Retail FX trading has advanced in leaps and bounds over the last few years and today a new generation of retail investors are out there working the markets. Heather McLean explores why they demand a new, more sophisticated way of exploiting the fast moving currency markets. ...show more

 

In search of better yields with Forex Social Investment Networks

Retail e-FX Client

As Social Investment Networks and associated social trading communities become increasingly popular with the Retail FX traders all around the world, Joe Morgan talks to some of leading providers to discover more about how the investment network model works and what new features and functionality are being offered to help traders more closely align their risk and investment objectives....show more

 

Join the professionals - maximise your trading and investment potential with a Retail FX ECN platform

Retail e-FX Client

Electronic Communications Networks (ECN) have revolutionised the Institutional FX market and many commentators believe ECN-style trading platforms are likely to do the same in Retail FX. Heather McLean explores the options available to Retail FX traders who might be looking to switch from a traditional market-making broker to an ECN platform provider....show more

 

IS Prime - focused on delivering a premium suite of products

Product Launch

ISAM, the alternative asset manager, has recently announced the launch of IS Prime, its new foreign exchange brokerage service. e-Forex caught up with Jonathan Brewer, Managing Partner of IS Prime and asked him to tell us more about the venture....show more

 

DealHub RefleX

Product Launch

e-Forex talks with Chris Leaver, COO of DealHub about the launch of the company’s new modular eFX platform DealHub RefleX....show more

 

ParFX Prime

Product Launch

e-Forex talks with Roger Rutherford, Chief Operating Officer at ParFX, about the launch of ParFX Prime....show more

 

MFX Compass for the next generation of e-FX

Product Launch

MahiFX, the foreign exchange technology provider, has recently announced the launch of MFX Compass, its comprehensive electronic FX trading technology for institutional clients. ...show more

The MetaTrader Signal Service

Product Launch

MetaQuotes has launched its new Trading Signals Service, which enables traders to copy the trades of others and earn money even when they are unable to trade themselves. The company developed its new Trading Signals Service thanks to unprecedented customer demand for such a solution on its trading platforms. Both brokers and traders requested social trading functions that would give traders the ability to copy the trading operations of other traders. ...show more

Power Trade Console - your personal Universal Expert Advisor

Product Launch

X-SGS Team have developed the Power Trade Console (PTC), a semi-automated trading tool which is available as an add-on for MT4 (MetaTrader4) platform....show more

 

Volta: guaranteeing ultra low latency and resilience

Product Launch

e-Forex talks with Julian King, Commercial Director of Volta, central London’s first new Data Centre for over a decade....show more

Solid FX : where technical innovation meets customer satisfaction

Product Launch

e-Forex talks with José Baptista, Director of Solid Trading B.V., about Solid FX, the multi-bank ECN trading platform....show more

Saxo Prime – offering FX DMA and prime brokerage services

Product Launch

Saxo Bank has taken a major step forward and created Saxo Prime, an FX prime brokerage solution that expands and diversifies the bank’s offering to institutional clients. Saxo Prime provides FX Direct Market Access, allowing institutional clients looking for connectivity and / or credit intermediation to trade directly on primary FX market venues. The Saxo Prime FX liquidity solution, which is independent from Saxo Bank’s market making desk and infrastructure, offers DMA to managed pools, custom streams and ECNs. It combines prime brokerage services from Saxo Bank with high end connectivity from MarketFactory, a provider of low latency algorithmic trading software and hosted co-location services....show more

 

Trading Signals Service from MetaQuotes Software Corp

Product Launch

Trading signal services are an increasingly popular trend in today’s forex trading environment. They provide a solution for those seeking to diversify their portfolio from just using their own signals or for those who are not willing to invest the time and effort into developing their signal systems. The market already has several solutions that are actively used by traders. Taking this into account, MetaQuotes Software Corp. (developer of the MetaTrader trading platforms) has released its own signals service which promises integrated advantages for the trading systems market....show more

 

Gold-i Gate Bridge for MT5

Product Launch

The Gold-i Gate Bridge - which connects brokers’ trading systems to global banks via MetaTrader 4 - has been such a successful product that it put Gold-i on the map as the UK’s leading systems integrator to the global FX and CFD market. We caught up with Tom Higgins, CEO of Gold-i, to find out about his company’s latest product launch – the Gold-i Gate Bridge for MT5....show more

Site Inspection with Squared Financial

Retail Forex Client

Squared Financial Services Limited is based in Dublin, and is fully-regulated by the Financial Regulator in Ireland. Its execution platform provides round the clock ECN style (variable spread) competitive access to major banks, including Bank of America, Citi, Deutsche Bank, Goldman Sachs, RBS and UBS. Since these currently constitute many of the major liquidity providers in the FX marketplace, the advantage is clear: Clients are not dependent on any one bank or broker for prices. Prices are fed straight through from these banks with no mark up and a standard, competitive sliding scale volume-based commission fee structure is applied to turnover....show more

Case Study: MetaTrader 4 to ECN: The next leap

Retail Forex Client

In some markets, the technology of user interfaces and execution move forward together. In the case of the Forex market however, the evolution of the market has separated the most popular client software solution from the evolving execution process of the industry. While one side of the equation has moved forward, the other side has not been fully integrated with those leaps, until now. The MB Trading/3DForex Forex ECN integration with MetaTrader 4 (MT4) represents a key milestone in the Forex world....show more

Regional Study: Arab Financial Brokers, Kuwait

Retail Forex Client

The Islamic world, and especially the Middle East, is fast emerging as a growth area for foreign exchange trading. Arab Financial Brokers (AFB) appears poised to take advantage of this growth. e-Forex interviewed Abdullah Abbas, General Manager of AFB in Kuwait City about some of the exciting opportunities in the region and the wide variety of services which AFB offers....show more

 

Designing automated FX trading strategies for Managed Accounts

Retail Forex Client

Automated processes in the financial field have for a while been the subject of deep interest and evolution, especially since the breakthrough in several areas of computer science in the 90s. Applied to the investment management process, such interest has been leading to a quest of even more integration of the financial decision-making events chain, and such integration finds its ultimate expression and purpose with the so-called automated strategy....show more

 

User-friendly technology - Key to overcoming barriers in Retail FX

Retail Forex Client

With the world’s financial markets still engulfed in the global economic crisis, the appeal of the forex market has never been greater. In addition to the major advantages of 24 hour activity and virtually limitless liquidity, forex is a market that continues to provide significant speculation opportunities while other markets are struggling to maintain stability. These advantages are apparent and thus raise the question: why aren’t more people trading forex?...show more

 

Retail FX providers standing out from the crowd

Retail Forex Client

Heather McLean talks to a selection of leading Retail FX brokers about their rapidly growing marketplace and the decision of several large banks to move into this space....show more

 

Real-time decision support - helping clients become better informed

Retail Forex Client

Improved accessibility has been the key to opening up the global FX market to retail traders says Nick Sudbury, who shows how the focus is now turning to the provision of decision support tools....show more

 

Optimizing access to FX liquidity pools

Expert Opinion

Peter Durkan CTO of Lucera Financial Infrastructures...show more

 

Factors shaping increasing confidence in offshore renminbi markets

Expert Opinion

Chinese renminbi is increasingly being traded outside mainland China as authorities gradually loosen controls over the currency. Gary Lin, head of foreign exchange Hong Kong at Brown Brothers Harriman, talks to e-Forex about the growth of the CNH market....show more

 

Transformation of the Foreign Exchange Industry Is it finally happening?

Expert Opinion

By Rosario M. Ingargiola, President and Chief Executive Officer of FXone Seabury Financial Solutions (SFS)...show more

Check-lists to consider for selecting an FX broker

Expert Opinion

By Marc Burki, CEO of Swissquote Bank...show more

 

How can FX Brokers differentiate themselves in a crowded market?

Expert Opinion

By Simon Cox, CEO of Ariel Communications....show more

 

Choosing the right institutional platform for your forex brokerage operations

Expert Opinion

By Olivier Virzi, Chief Operating Officer of Olfa Trade...show more

Providing a clear route to success in Forex Brokerage

Expert Opinion

By Lars Holst, Co-Founder and CEO of CFH Clearing...show more

 

The evolution of Retail e-FX Technology

Expert Opinion

Andrew Ralich ...show more

 

Straight out of the box - Bringing a Binary FX Option business to market

Expert Opinion

By Ilan Tzorya, Founder & CEO at Tradologic...show more

 

Retail isn’t Retail anymore!

Log Out

Jon Vollemaere Co-Founder, LetsTalkFX ...show more

 

Orbex Putting customers, knowledge and technology at the centre of their operations

Broker Profile

e-Forex talks with Abdullah Abbas, Managing Director of Orbex, a fully licensed and regulated Cyprus investment firm supervised by CySEC....show more

 

JFD Brokers

Broker Profile

A firm on a mission to disrupt the FX/CFD trading industry with a set of game-changing solutions. e-Forex talks with Cyril Tabet, Partner & CEO at JFD Brokers Ltd. ...show more

 

A look at some of the winners and Losers over the past Couple of Months

Traders Workshop

Samuel J. Rae gives us an overview of the ups and downs he has experienced with his trading strategies over the last three months and the steps he takes to maintain a positive risk reward ratio....show more

 

Managing a team of committed professionals

In the chair

With Abdelrahman Alimari, Managing Director of CommexFX, a fully regulated award-winning STP/ECN Forex Broker ...show more

 

In the Chair

In the chair

e-Forex talks to Fabrice Benouaich, CEO of Olfa Trade about the key role technology now plays in helping forex brokers to meet the challenges of running their trading operations...show more

 

eToro - Spearheading the FX Social Trading revolution

In the chair

e-Forex talks with Jonathan Assia, CEO of eToro...show more

 

FXecosystem - changing how the FX market connects

e-Forex Interview

e-Forex talks with James Banister, CEO of FXecosystem, a leading provider of outsourced connectivity services for the FX market....show more

 

Gold-i: The FX technology company with innovation in its DNA

e-Forex Interview

e-Forex talks with Tom Higgins, CEO of Gold-i, a global market leader in multi-asset class trading systems integration....show more

 

With Alain Broyon, CEO of Dukascopy Bank. Forex Hub, technology provider and media phenomena

e-Forex Interview

Dukascopy Bank may be a Swiss bank but its approach to its foreign exchange brokerage business is anything but conservative. The Geneva based company began life in 1998 as a software project launched by a physicist, Dr Andre Duka. This meant that technology was part of the firm’s DNA from the outset and, as we shall hear from its CEO Alain Broyon, it has remained at the cutting edge of new ideas and innovations....show more

 

With Philippe Ghanem at ADS Securities

e-Forex Interview

e-Forex talks with Philippe Ghanem who is building a Middle Eastern FX powerhouse in Abu Dhabi...show more

 

With David Mercer at LMAX Exchange. Aiming high and growing fast - a unique vision for global FX

e-Forex Interview

e-Forex talks with David Mercer, CEO of LMAX Exchange, the first FCA authorised and regulated MTF for FX. ...show more

 

Thomas Soede at BNP Paribas creating a first class digital strategy resulting from a top-down commitment to e-banking

e-Forex Interview

Thomas Soede, Global Co-Head of Electronic Markets at BNP Paribas Corporate and Investment Banking talks to e-Forex about the major advances the bank is making in its institutional and corporate electronic platforms....show more

 

Valbury Capital. The London based gateway to Asia

e-Forex Interview

e-Forex talks with Mark Hanney, CEO of Valbury Capital....show more

 

e-Forex talks with Jonathan Brewer, Head of e-FX Business Development at Sucden Financial.

e-Forex Interview

...show more

 

e-Forex talks to Zeeshan Khan, Global Head of eCommerce at Standard Chartered Bank

e-Forex Interview

...show more

 

Meeting a man with his eye on the ball

e-Forex Interview

e-Forex talks with Richard Anthony, head of e-risk - FX & Metals at HSBC...show more

 

GAIN Capital – a tough act to follow

e-Forex Interview

e-Forex talks to Glenn Stevens, CEO of GAIN Capital, a global provider of online foreign exchange services....show more

 

Carlo Kolzer, CEO of 360 Treasury Systems AG.

e-Forex Interview

Carlo Kolzer CEO of 360 Treasury Systems AG....show more

 

With Scott Freeman, head of FX Electronic Trading Services at Bank of America

e-Forex Interview

Scott Freeman Head of FX Electronic Trading services at Bank of America...show more

 

Innovation changes the face of FX Trading

Log-Off

...show more

 

ISAM. A world leading systematic hedge fund, with a strong pedigree in quantitative research and technology

Tradertalk

Formed in 2008, International Standard Asset Management (ISAM) is an alternative investment manager specialising in systematic investing. The management team has amassed over 150 years of combined experience within the quantitative alternative investment space. ISAM has deep experience in institutional alternative asset management and trend following strategies in particular. ...show more

 

CCTrack Solutions

Tradertalk

Poised to deliver a unique blend of quantitative strategy, active risk management and extensive trading experience....show more

 

RTFX and RTFT. A successful partnership centred around investment expertise and innovative financial engineering

Tradertalk

In 2009, the business of the Swiss retail broker, Realtime Forex SA, was divided into an investment services licensed company, RTFX Ltd and its sister company RTFX Fund Management Ltd (both RTFX) and a technology services company, Realtime Financial Technologies SA (RTFT SA). e-Forex talks with Francesco Scotto, Senior Executive Officer at RTFX Fund Management Ltd, which is a specialised investment manager focused around FX, and Frederic Gay and Thierry Glauser, co-founders of RTFT SA, the trading technology provider to RTFX....show more

 

Made in Hong Kong. Interview with Rickey Cheung Algo Trader and Mentor

Tradertalk

Recently, our roving “forex photo-journalist”, Larry Levy, met up with automated trader Rickey Cheung in Hong Kong to learn more about the local legend. Here are Larry’s photographs and his interview with Rickey....show more

 

Smart Box Capital. Leveraging diversification to provide a unique and uncorrelated offering.

Tradertalk

e-Forex talks with David Rich head of Smart Box Capital’s Managed Accounts platform. Smart Box Capital is a research driven investment manager which, utilizing systematic trading programs, aims to deliver uncorrelated superior returns in all market conditions....show more

 

With James Rockall at Record Currency Management offering experience, continuity and consistency

Tradertalk

e-Forex talks with James Rockall, director of trading at Record Currency Management (Record), one of the world’s leading independent currency managers....show more

 

Alacrity FX taking an evolutionary approach to achieving currency alpha

Tradertalk

Stephane Coquillaud and Dave Hitchins have worked together since their days at Credit Agricole. Now they have formed Alacrity FX to bring their offering to market, and with almost two years of respectable performance at low gearing under their belts, their future in FX Fund Management looks somewhat promising. Using technology from the US firm Deltix, they have deployed and tested a powerful set of polymorphic algo’s across multiple markets. Larry Levy, our roving photo-journalist went to their offices to catch up with them, to see and hear how these innovators are making a positive difference to the growing world of FX funds and managed accounts. Stephane and David currently work under the nurturing umbrella of the Ganymede Partners multi manager alliance in The City of London....show more

 

Talking trading over tea at the Royal Exchange

Tradertalk

e-Forex talks trading over tea, with Richard Campbell, Global Head of Trading at Sharpe + Signa, a Delaware based absolute return manager, specialising in discretionary, technical, quantitative and fundamental currency investment strategies....show more

 

Mern Capital: Focused on Applying Systematic Strategies to the World of FX

Tradertalk

e-Forex talks with Daniel Proville, Co-Principal of Mern Capital, a leading research partnership focused on the application of algorithmic trading techniques in the FX market...show more

 

DynexCorp - from systems to market pulse: a life long performance in currencies

Tradertalk

e-Forex talks with Peter Panholzer of DynexCorp, one of the oldest Currency Management firms in the world....show more

 

With Frederic Bettan, Managing Partner & CEO at Swing Capital.

Tradertalk

...show more

 

Eurex: Combining the best of both worlds

FX on Exchanges

Reny Morsch ...show more

 

LMAX Exchange: Spotting the difference

FX on Exchanges

David Mercer ...show more

 

Connectivity, clearing and contracts – wider opportunities for currency trading on exchanges

FX on Exchanges

With mandatory central clearing for FX OTC products already prompting a greater number of clearing services, contracts and connectivity options being offered by the exchanges Frances Faulds looks at growth in exchange-traded FX....show more

 

Safe, secure and efficient capturing the real benefits of On-Exchange FX trading

FX on Exchanges

The impact of the regulatory changes will stretch beyond just the products that fall under mandatory clearing. Frances Faulds looks at how the exchanges are becoming more attractive to FX traders and how they are preparing for future growth....show more

 

Ask Tom?

Sponsored Statement

Tom Higgins, a former Chief Technology Officer in the City, London, set up Gold-i six years ago, having spotted a gap in the market for serious expertise in retail FX trading technology for MT4 brokers. As CEO, he has grown the organisation into a global market leader by focusing on innovative products and reliable services which help brokers to trade more profitably and manage their risk more effectively. He is one of the world’s leading experts in MT4, thanks to his technical expertise and experience gained from working with the platform over many years. ...show more

 

2015 – A positive outlook for CFH Clearing and its clients

Sponsored Statement

CFH Clearing is one of the most respected and reputable liquidity venues and Prime of Prime clearing providers in the world. Headquartered in London, the firm focuses on helping financial institutions to grow their businesses – to be more profitable and operate more effectively. ...show more

 

Every Cloud needs a home

Sponsored Statement

The phenomenal growth in cloud based service delivery is changing essential data centre requirements. These cloud services require a physical infrastructure: a safe and secure environment from which the business critical servers and hard drives that contain the applications and data can operate. They require fast, uninterrupted data connections, a totally secure and reliable power supply and buildings that offer the highest possible levels of security....show more

 

CFH Clearing is helping brokers to grow

Sponsored Statement

Whilst the market has been struggling with low volatility, CFH Clearing and its clients have been bucking the trends. Nick Mortimer, head of Prime Brokerage and Clearing at CFH Clearing explains why brokers are benefiting from partnering with the global leader in Prime of Prime solutions....show more

 

TradingFloor.com exploring the untapped potential of social trading

Sponsored Statement

With Rune Bech, chief digital and communications officer at Saxo Bank...show more

 

CFH Clearing: A Prime Broker on the rise

Sponsored Statement

With its strong heritage, tailor-made liquidity, innovative technology and growing global client base, CFH Clearing is widely recognised as one of the world’s leading Prime of Prime solutions providers. Lars Holst, CEO of CFH Clearing, talks to e-Forex about market developments, the company’s growth and future plans. ...show more

 

Selecting an additional platform to MT4

Sponsored Statement

According to recent research, around two thirds of brokers using MetaTrader4 either currently have a second platform or are considering using an alternative trading platform this year....show more

 

Smooth Operations: Outsourcing IT can help brokers to run MT4 more efficiently

Sponsored Statement

Managing a MetaTrader environment is highly complex. It involves specialist knowledge to ensure that systems run smoothly at all times, even when you’ve left the office. From system updates and monitoring trade activity to ensuring there is sufficient memory, storage and bandwidth, it can also be very time consuming. ...show more

 

CFH Clearing: A clear route to success

Sponsored Statement

With its strong heritage, tailor-made liquidity, innovative technology and growing global client base, CFH Clearing is widely recognised as one of the world’s leading Prime of Prime brokerages. We speak to Lars Holst, CEO of CFH Clearing, to find out more about the company’s successes and the benefits it offers to clients....show more

How to run an efficient brokerage without in-house IT expertise

Sponsored Statement

Many brokers do not have an in-house IT team or the required IT infrastructure to manage their trading environment. Tom Higgins, CEO of Gold-i, the global market leader in trading systems integration, explains the range of technology outsourcing options available which enable these brokers to run efficiently....show more

Five areas to consider when selecting a Liquidity Provider

Sponsored Statement

The super low latency Gold-i Gate Bridge connects to more Liquidity Providers than any other Bridge connecting to MetaTrader. But with such a choice of liquidity on offer, how does a broker know which is best for their client needs?...show more

Using MetaTrader for Spread Betting

Sponsored Statement

Leading trading systems integrator, Gold-i has seen a big increase in demand from brokers wanting to implement spread betting into MetaTrader, largely due to the taxable benefits to clients and the simple trading methods....show more

 

Agile and next generation algo trading and execution

Sponsored Statement

Algorithmic trading was originally about gaining best price and accessing liquidity but the market has moved on. ...show more

 

NAB'S innovative eTrading approach

Sponsored Statement

National Australia Bank’s Drew Bradford outlines the bank’s approach to the global expansion of its Fixed Income, Currencies and Commodities (FICC) offering and the importance of its new eTrading platform....show more

 

360T helping to lead the growth of electronic FX options trading

Sponsored Statement

As 2014 approaches, 4 years after the race to trade FX options on platforms began in earnest, volumes traded electronically remain a small fraction of the overall market. Delays and uncertainty surrounding Dodd-Frank have pushed back time tables and bets are still on as to when central clearing will actually occur. Yet the October 2nd deadline to start as a SEF is here, the participant community is fairly well defined and the race now enters its final stage. ...show more

 

Traditional Forex Trading –Not the Fairest of Them All!

Sponsored Statement

24option is threatening to dominate global markets as binary options grab the attention of traditional forex trading. In binary options, traders must predict whether the underlying price of an asset will be higher or lower in a predetermined time frame known as the expiration. With 24option, this may be as fast as 60 seconds or as many as 30 days....show more

 

Top tips for selecting a technology provider

Sponsored Statement

Tom Higgins, CEO of Gold-i, the global market leader in multi-asset retail trading systems integration, offers guidance on key areas for brokers to consider when selecting a technology provider. Prior to setting up Gold-i, Tom Higgins was a Chief Technology Officer in the City for over 20 years. He used his experience and perspective as a technology buyer to shape the Gold-i offering. His vision from the outset was to lead the market with innovative products which address a gap in the market and help brokers to trade or manage their risk more effectively. In addition to compelling products, he knew it was paramount to offer exemplary customer service at all times. ...show more

 

The Gold-i Gate Bridge Helping Liquidity Providers and Retail Brokers to strengthen their offering

Sponsored Statement

The multi-award winning Gold-i Gate Bridge is widely recognised as the leading super low latency smart routing product available anywhere within the market place today. It is highly scalable and works with any asset class in retail and institutional trading. Across the globe, liquidity providers and retail brokers are enjoying the benefits of Gold-i’s flagship product....show more

FXS - The Next Level of FX Swaps Dealing

Sponsored Statement

360T enhances its latest technology offering professional traders a state-of-the-art platform for FX swaps....show more

FX Distribution Hub - offering true ‘connectivity as a service’

Sponsored Statement

...show more

 

Gold-i bolt-ons help brokers to trade more effectively

Sponsored Statement

Gold-i’s portfolio of bolt-on products are in high demand as they can play a significant role in helping brokers to trade or manage their risk more effectively. They have largely been developed in response to client requests and all address a genuine need in the market....show more

Is Your FX Brokerage Functioning Optimally?

Sponsored Statement

Panda Trading Systems is a leading FX trading technology provider specializing in system integration, MetaTrader server-side technology and fully customizable developments, available on-demand. New and veteran brokers turn to the Panda TS’ advisory services to learn how to best accelerate reaction to market trends and adopt new technologies while minimizing operational risks and costs....show more

Leverate - offering turnkey solutions for Institutional clients

Sponsored Statement

Leverate has been recognized as one of the leading IT Solutions providers at the forefront of the Forex industry. The company provides turnkey trading technology solutions and offers a complete suite of products and services for financial institutions and brokers. ...show more