e-Forex Magazine April 2002

True Straight Through Processing in FX becomes feasible Ã¢â‚¬â€œ the TWIST perspective Standards: business process focus and harmonisation...show more

White Label Partnerships: Co-operation v. Competition

Features

White Label Partnerships: Co-operation v. Competition...show more

The rise of FX Model Systems Trading

Retail Forex Client

The rise of FX Model Systems Trading...show more

Bloomberg and Cognotec to deliver Streaming Rates

News

Bloomberg and Cognotec to deliver Streaming Rates...show more

JPMorgan launches TransFix Benchmarking product

News

JPMorgan launches TransFix Benchmarking product...show more

EBS Prime banks expand offering to PTC

News

EBS Prime banks expand offering to PTC...show more

Currenex available to RealTick customers

News

Currenex available to RealTick customers...show more

Traiana TRMÃ¢â€žÂ¢ selected by ABN AMRO

News

Traiana TRMÃ¢â€žÂ¢ selected by ABN AMRO...show more

SEBÃ¢â‚¬â„¢s Trading Station opens up new e-FX possibilities

News

SEBÃ¢â‚¬â„¢s Trading Station opens up new e-FX possibilities...show more

Reuters launches new live price feed

News

Reuters launches new live price feed...show more

Barclays Capital becomes an EBS Prime Bank

News

Barclays Capital becomes an EBS Prime Bank...show more

Global Forex Trading introduces Facilitated Systems

News

Global Forex Trading introduces Facilitated Systems...show more

RBS selects Caplin for FX trading portal

News

RBS selects Caplin for FX trading portal...show more

FXpress releases FIRSTÃ¢â€žÂ¢ treasury workstation

News

FXpress releases FIRSTÃ¢â€žÂ¢ treasury workstation...show more

Saxo Bank launches lower prices

News

Saxo Bank launches lower prices...show more

UFJ goes global with Sierra FX Options

News

UFJ goes global with Sierra FX Options...show more

Global Link rolls out Trade Manager

News

Global Link rolls out Trade Manager...show more

Chohung Bank chooses Fenics FX

News

Chohung Bank chooses Fenics FX...show more

Nordea e-Markets goes live on Reuters RET system

News

Nordea e-Markets goes live on Reuters RET system...show more

EBS Spot hits deals per minute record

News

EBS Spot hits deals per minute record...show more

CLS has significant impact on trading practices

News

CLS has significant impact on trading practices...show more

GNI Touch Forex sees month-by-month growth

News

GNI Touch Forex sees month-by-month growth...show more

SuperDerivatives enhances SD-FX option pricing system

News

SuperDerivatives enhances SD-FX option pricing system...show more

Lava launches innovative FX Product Suite

News

Lava launches innovative FX Product Suite...show more

HSBC introduces Online Charting Service

News

HSBC introduces Online Charting Service...show more

CurrenexÃ‚Â® now offers CitiFXÃ‚Â® Benchmark pricing

News

CurrenexÃ‚Â® now offers CitiFXÃ‚Â® Benchmark pricing...show more

BOI Selects Summit for Credit Derivatives

News

BOI Selects Summit for Credit Derivatives...show more

Cognotec recognised by industry awards

News

Cognotec recognised by industry awards...show more

Hotspot FX debuts FIX Gateway with access via RealTick

News

Hotspot FX debuts FIX Gateway with access via RealTick...show more

Integral hires Dominic Gattuso

News

Integral hires Dominic Gattuso...show more

Online trading in Emerging market currencies

e-Forex talks with Dr. Ulrich Boettger, Senior Vice President, Treasury at BASF Aktiengesellschaft in Ludwigshafen, Germany

Case Study

e-Forex talks with Dr. Ulrich Boettger, Senior Vice President, Treasury at BASF Aktiengesellschaft in Ludwigshafen, Germany...show more

e-Forex talks with Hans van den Bosch, Head of treasury operations at Unilever in the Netherlands

Case Study

e-Forex talks with Hans van den Bosch, Head of treasury operations at Unilever in the Netherlands...show more

Assessing the challenges facing eFX providers. With Westpac, Dresdner Kleinwort Wasserstein, Danske Bank, Abn Amro and Brown Brothers Harriman.

Resilient Networks - providing the foundation for real-time data transmission

FOCUS

Chris J Pickles Manager, Industry Relations, Radianz...show more

Leveraging the Internet for Financial Markets with Real-Time, Streaming Market Data

FOCUS

Tim Kemp Technology Consultant, Caplin Systems Inc....show more

Challenges of Delivering Real-Time FX Risk & Performance Analysis

With Tony Cripps, Head e-Commerce, CIBM, HSBC

e-Forex Interview

Tony Cripps Head e-Commerce, CIBM, HSBC...show more

Spotlight - Building an online FX option presence

Spotlight

Michel Everaert Global Head of Product Marketing at GFI...show more

The e-Forex Surgery: Joining a Multi-bank Portal

The e-Forex Surgery

The e-Forex Surgery Helping to answer your ...show more

JPMorgan unveils new enhancements to JPMorgan eXpress FX

New version of Nordea e-Markets

CME expands e-trading hours for FX Options

D-3 Pricing System now with Streaming API

Lava Trading launches Timeslice feature

Wall Street Systems expands eOperations capabilities

GFT Global Markets offers Market Prediction service

Patsystems provides CFETS with front-end trading platform

Rabobank relaunches its official website

Aspen Hedge integrates with Citco Fund Services

ForexManage releases new Online Dealing Executable in Chinese

Syndera introduces Electronic Trading Intelligence for FX

RBS FiX significantly upgraded

ACM launches Advanced Mobile Trader facility

Dukascopy launches SWFX Ã¢â‚¬â€œ Swiss FX Marketplace

iBoxxFX launches new family of currency indices

Eurobase wins further project with Standard Chartered Bank

FXall partners with Russian banks

Handelsbanken adds CRM FinanceÃ‚Â©

Spot Trader launches Meta Trader 4

Smart Trade offers further integration

MIG relocates to larger facility

C-View implements HarmonyÃ¢â€žÂ¢ Reconciliation Service

Dresdner Kleinwort becomes EBS Prime bank

Retail participation in the FX markets: a challenge for the regulators and a threat to our jobs?

Foreword

Godfried De Vidts looks at the advantages that the FX market offers retail investors....show more

LEADER: FX E-commerce and the buy-side: OTC forever?

Leader

Marshall Bailey discusses how the FX market is evolving and how FX e-commerce is changing the profitability model dramatically for all....show more

INDUSTRY REPORT: Consolidation: threat or opportunity for FX execution venues?

e-FX Industry Report

Thomas Price outlines why as the FX marketplace is maturing we can expect a consolidation of the myriad FX execution venues to occur over the next two to three years....show more

MARKETPLACE

Marketplace

Alain Broyon and Dr. Andre Duka discuss: Fight for Liquidity: Centralization versus Decentralization...show more

The CME as a liquidity and pricing source

Features

Paul Ronan and Nicholas Hodder examine the challenges that need to be addressed when including new liquidity Pools such as the CME in your business model....show more

Next moves in the e-FX treasury environment

Features

Francis Maguire examines what large multi-nationals and mid-sized companies are looking for from e-FX and what banks are doing to future-proof their systems....show more

e-FX: helping to ease the treasury burden

Features

Francis Maguire sets out to discover why the majority of the corporate treasury community is still not taking full advantage of the range of benefits that e-FX brings....show more

FIX Adapted for STreaming - FASTsm Protocol.

Standards

Kevin Houstoun and Ken Yeadon provide an overview of the FIX protocol FAST initiative and ItÃ¢â‚¬â„¢s implications for the FX markets....show more

STP in FX: catching up with front end trading?

Features

Nick Dyne looks at how post trade functions are being dramatically improved from an STP viewpoint and what post-trade e-FX innovations we are likely to see in the near future....show more

Time for a new trend in customer-software vendor relationships?

Joe Locke offers an insight into considerations that a bank must give in selecting the right technology vendor and a view on what may well be a new era for customer and software vendor relationships....show more

62. FX Algorithms and their integration

Algorithmic FX Trading

FX order execution algorithms are already appearing in numbers, but plotting their future trajectory isnÃ¢â‚¬â„¢t straightforward. Andy Webb talks to a number of major providers to gauge their views on the market....show more

CLS - delivering operational efficiencies for Algorithmic FX traders

Algorithmic FX Trading

Jonathan Butterfield looks at the opportunities that Algorithmic FX trading present to CLS and how CLS deliver operational efficiencies to Algorithmic traders....show more

Yannos Hadjiioannou takes the strain out of submitting FX orders

The e-Forex Surgery

Yannos Hadjiioannou FX Product Development & Marketing, RBS Global Banking & Markets...show more

FX Recruitment: staffing up for the Algo revolution

Algorithmic FX Trading

Andy Barber looks at what the latest trends in electronic trading in FX are doing to the recruitment market....show more

Improving Electronic Trading Effectiveness in

Spotlight

...show more

Delivering advanced web-based solutions for Retail FX margin trading

Retail Forex Client

Mike Thrower examines why banks are looking to target the increasing growth in flows originating from Retail FX investors and whatÃ¢â‚¬â„¢s required to enable them to deliver a professional margin trading solution....show more

JAPAN

Regional eFX Perspective

Heather McLean profiles e-FX within the country....show more

Automated FX trade execution: the arrival of Retail API trading

Retail Forex Client

Andrew Haines provide an overview of the opportunities API trading offers to Retail FX traders and whatÃ¢â‚¬â„¢s required to get started....show more

Innovation in Retail FX: Improving the client trading experience

Retail Forex Client

Heather Mclean talks to leading retail FX trading providers about the growing importance of providing value-added and customer relationship services to help maintain customer loyalty....show more

MilanFX - Electronic Block Trading comes to FX

Product Launch

Anand Iyer Vice President and co-head of Foreign Exchange at Flextrade...show more

FX Prime Brokerage and Hedge Funds: assessing the value proposition

FOCUS

FXPB expectations: views from the client-side...show more

FXPB expectations: views from the client-side

FOCUS

A major driver for growth in FX prime brokerage has been the hedge fund community and Frances Maguire investigates what they are looking for from their prime brokers....show more

Deploying an integrated cross-product hedge fund trading solution

Viewpoint

Farid A. Naib CEO, FNX Solutions...show more

One size does not fit all: The need for bespoke FXPB solutions

FOCUS

Andy Coyne tells us why there are still a great many clients looking to their FX Prime Brokers to provide them with greater levels of support and value....show more

Caught without a net? Why the big banks now need a netting solution for FX

Case Study

Increasing FX volumes are putting the strain on many back offices, so is the time now right for netting solution for global spot FX? Richard Brass investigates....show more

The Evolution of Prime Brokerage in Foreign Exchange

FOCUS

Stephen Swindon looks at how prime brokers are increasingly looking for ways to take a bigger share of the market and differentiate their offerings....show more

Reconciling Multi-Party Trading Relationships

FOCUS

Jesse Drennan examines how automation of prime brokerage operations has created an IT overhead for fund managers and provides a solution to overcome the problem of competing protocols....show more

Abn Amro, UBS, RBS Greenwich Capital and Deutsche Bank discuss: FXPB provision: differentiation through innovation

e-Forex Roundtable

...show more

With Ian O'Flaherty, Managing Director, Global Head of e-Commerce, Foreign Exchange, Deutsche Bank.

e-Forex Interview

Ian O'Flaherty Managing Director, Global Head of e-Commerce, Foreign Exchange, Deutsche Bank....show more

Currencies in movement â€“ ever heard about the â€˜Khaleejiâ€™ project?

Foreword

Manfred Wiebogen looks at how the economic impact of globalisation together with the current financial crisis may demand some reorganisation in the world currency structure. ...show more

Relationship versus anonymous FX trading - the old debate returns

Leader

The debate about whether relationship trading or anonymous trading is superior is perennial, but now is an opportune time to revisit the methods' relative merits. The emerging competitive electronic trading platforms for the interdealer, multi-dealer, and dealer client markets have facilitated the adoption of electronic trading and the ability to trade anonymously during this decade. This article discusses a number of critical risk and regulatory outcomes from the current financial crisis that focus on the deployment of relationship trading vs. anonymous FX trading. ...show more

Business as usual: FX trading platforms help to achieve more with less

e-FX Industry Report

The current economic situation is unique for a combination of reasons, but one of the most prominent is the combination of a commercial slowdown with an exceptional decline in many bank balance sheets. While this has numerous implications, the effect on global FX trading volumes is particularly conspicuous. Andy Webb explains how FX trading platforms have a duty in such an environment to assist participants in achieving more with less. ...show more

Where to draw the line on the issue of leverage

Regulatory Roundup

In this Regulatory Roundup feature Felix Shipkevich, General Counsel at CMS Forex, examines the question of leverage and what factors may influence the way regulators draw the line of what is the appropriate level of leverage that should be allowed to be used by retail clients, if any. ...show more

Pre-settlement processing - A new initiative from CLS and ICAP

Marketplace

CLS Group and interdealer broker, ICAP, are creating a new joint venture (JV) to provide trade aggregation services to participants active in the over the counter FX market. The new business, initially named CLS Aggregation, is designed to address the rapid increase in foreign exchange trading as an asset class by a widening group of hedge funds, algorithmic traders, retail and institutional market participants, which have brought substantially higher volumes to the foreign exchange industry....show more

Optimising workflows: Asset Managers embrace the benefits of e-FX

Features

While there is little doubt that investment managers are rapidly increasing their use of electronic trading, there is still much to be done in terms of standardising access and processes to enable them to reap the full benefits of automation....show more

Building momentum Flagging new CEP initiatives within FX

Features

With Complex Event Processing (CEP) having spread out across the asset classes â€“ initially in equities â€“ multiple and growing demands for using CEP in the FX space are being made among both sell-side and buy-side firms. Roger Aitken canvasses leading CEP vendors and others on the landscape. ...show more

The Perfect Match: What to look for in Electronic FX Providers

Viewpoint

New and seasoned participants in the burgeoning foreign exchange (FX) market continue to leverage electronic trading platforms. Whether they are money managers in search of better fund performance or banks in need of cost-saving efficiencies, users are seeking particular electronic FX (e-FX) functionality and benefits. The best products and providers offer access to liquidity, improved cost and time efficiencies, better price transparency, greater stability, error reductions, enhanced auditability, and smooth integration with existing in-house systems....show more

Achieving more rapid Algorithmic FX trade strategy development

Algorithmic FX Trading

Time is money and nowhere can this truism be taken more literally than in the trading world. Algorithmic trading in FX has grown in order to sate the appetite for higher frequency, larger volume trading and more sophisticated strategies â€“ all of which can be more easily achieved through the deployment of automated systems....show more

A man with a unique view of the global FX market

e-Forex Interview

Derek Sammann, Managing Director, Global Head of foreign exchange at CME Group...show more

Regional expertise: focusing the strength of FX e-commerce services

e-Forex Roundtable

With Bjorn Lundvall, E-commerce Manager Trading, e-solutions at Handelsbanken Capital Markets, Niels.van.Daatselaar, Head Financial Markets e-Commerce at Rabobank International, Peter Hagenauer, head of eCommerce Applications & Technologies, Markets, ANZ Institutional, Stamos Fokianos, Global Head â€“ eChannels, Financial Markets, Standard Chartered Bank and Clive Standish, Head of Electronic Markets Client Service, North America at RBS Global Banking & Markets. ...show more

Reducing the risks: new perspectives on FX margin and collateral management

FOCUS

FX margin trading and the subsequent need to manage collateral has become very much in the spotlight in recent times as the cost of credit becomes more prohibitive and firms seek to squeeze greater efficiency from their bottom line....show more

ProTrader: â€œThe One Trading Platform?â€

Product Review

We review the ProTrader multi asset platform from PFSoft. ProTrader provides a complete solution for retail brokers, market makers and hedge funds. The platform supports a wide range of products and is based on the latest technology. Denis Borisovsky, CEO of PFSoft tells us more about it.....show more

Traders checklist: Will your FX platform give you that edge?

Retail Forex Client

Before a trader can start making money in FX, they must first choose a trading platform from which to work. This is no simple or even relatively easy task such as deciding on a new car or a lawnmower. From broker, to type of service, to checklist of needs and wants, to individual trading style, the choices facing traders are varied and can be quite complex....show more

PROFILE â€“ United World Capital

Retail Forex Client

e-Forex talks with Jamal Fakhory, Managing Director of United World Capital, a leading provider of online FX trading services for Retail and Institutional investors....show more

2009 Forexds Awards : Breaking new ground in ranking FX brokers

Retail Forex Client

The recent release of the 2009 Forexds Traderâ€™s Choice Awards provides a rare glimpse inside the broker preferences of average currency traders worldwide.Â Rather than making an article about yet another FX award, e-Forex magazine asked me to share the unique aspects of the Forexds Awards. For that, Iâ€™d like to share some personal thoughts going into this 2 year project and then delve into the results beyond what appeared in the May press release....show more

Howard Carr, Director at TEAM Asset Management

Tradertalk

A fully regulated, diversified asset manager located in Jersey, Channel Islands....show more

Algo FX Case Study

Algorithmic FX Trading

Thomas Vinding, co-head of e-Markets at Nordea discusses the question of whether Algorithmic Trading can work in abnormal FX Markets....show more

Currency War or simply country debts out of control?

Foreword

'Sovereign downgrade could hit eurozone lenders' was a headline in the Financial Times which I recently read on my flight back from a Bucharest meeting with local traders and representatives from the BNR â€“ the National Bank of Romania. Standard & Poor had warned in this edition that it was looking to downgrade fifteen Eurozone countryâ€™s sovereign debt! Having just re-rated 37 global banks a week ago, whereby seventeen of them subsequently became downgraded, this outlook was the next shock to the financial markets in particular to the Eurozone. Such announcements are certainly nurturing volatility in all market segments, including Foreign Exchange. But is there any reason or pattern behind them? ...show more

2012 - OTC FX Clearing moves to centre stage

Leader

Lack of clarity about the extent of mandatory regulation for over the counter foreign exchange (OTCFX) derivatives persists but 2012 should bring greater definition and guidance to those in the market. Meanwhile, Richard Willsher reports on how exchanges, clearing houses and service providers are setting their strategies and gearing up their technology for the opportunities that may emerge. ...show more

Social Media â€“ helping to facilitate FX workflows across all channels

Features

As a global market operating at almost every waking hour, FX has always been highly attuned to the flow of information, ideas and news. It should then come as no surprise that institutional FX firms and traders are starting to explore the new possibilities that social media communication tools bring. Joe Morgan investigates what these are....show more

Welcome to the very first Social Forex Awards 2011

Awards

In 2011 we saw some innovative moves by banks utilising Social media in FX, and with more of them beginning to see the benefits of Social Forex as a sales & marketing channel, we believe that these efforts deserve major recognition. ...show more

Transparency, flexibility and liquidity - redefining standards in electronic FX options

Features

As the FX industry enters into a new era of electronic trading for FX options, Frances Maguire examines the key role that technology is playing in the provision of new and additional services whilst redefining standards in the way these instruments are traded....show more

Modelling the FX trading environment with intelligent analytics

Features

Analytics are the basis of any trading strategy. This is, of course, an obvious statement but, as Nicholas Pratt reports in this feature, the realisation that a more intelligent approach to the use of analytics leads to a more intelligent trading strategy is increasingly apparent in the FX world. ...show more

Trading the Right Curve for Cross-Border Securities

Sponsored Statement

As an investor, have you been reluctant to trade cross-border securities due to the costs and complexities involved? As a portfolio manager, have you found it an operational hassle to deal with the FX cover trades? As a fund manager, have you found it difficult to measure the actual performance of your portfolio managers due to the different currencies between the underlying assets and the fund? As a state pension fund, do you balk at the exorbitant post trade FX spreads charged by intermediaries such as custodians?...show more

The 2011 Lab49 FX Platform survey results What the buy-side really wants in their SDP

Features

The results are now in from the buy-side. The 2011 Lab49 FX Platform Survey reveals what single dealer platform users really want from their FX trading platforms....show more

Regional e-FX perspective on South East Asia

Regional eFX Perspective

South East Asiaâ€™s increasing economic prosperity is driving growth in the regionâ€™s foreign exchange trading activity and, as Richard Willsher discovers, the regions electronic FX trading capabilities have accelerated even faster....show more

Siena eTrader evo - the next generation of Single Dealer Platform

Product Launch

With trade volumes through single dealer platforms growing faster than multi-dealer platforms, Frances Maguire talks to Joe Locke, Operations Director, and Carl Martin, Banking Products Director, at Eurobase Banking Solutions about the launch of its new electronic trading platform â€“ Siena eTrader evoÂ®....show more

The e-Forex Interview

e-Forex Interview

e-Forex talks with Stina Ekberg, Head of e-FX Trading and Distribution at SEB Merchant Bank....show more

FAST TRACK

e-Forex Interview

Eddie McDaid, Head of Business Development at my-Channels, a leading technology firm specialising in Messaging solutions takes part in the first of the new e-Forex speed interview series....show more

OTC FX Clearing - spawning a new wave of technology innovation

FOCUS

The introduction of centralised clearing for OTC instruments is heralding a major re-engineering of technology. Trading infrastructures are being re-designed to support it and banks are investing in new systems to facilitate improved front to back-office transaction processing and risk management. Systems upgrades are also being undertaken to handle the new margining requirements and collateral management, Frances Maguire explores how all this activity is creating a demand for a new generation of trading and risk management systems, based upon innovative and highly scalable technology architectures, as clearing providers start thinking about how to differentiate their clearing offerings....show more

Carrier Hotels: where FX checks in for co-location services

Forex Technology

The need for greater capacity and more efficiency of time to trade, otherwise known as latency, is becoming increasingly important for many FX market participants. Joe Morgan examines why growing numbers of globe-trotting FX trading firms are therefore checking in for co-location services, where specialist service providersâ€™ host tradersâ€™ servers as close as possible to a trading platformâ€™s matching engine. ...show more

Managed Fibre Networks - offering competitive advantages for high performance FX

Forex Technology

As the firestorms engulfing financial markets continue to captivate participants and observers alike, the activities of managed network service providers remain, appropriately, largely in the dark. The work of companies specialising in network infrastructure beneath the ground and sea is not likely to make the headlines in the financial or popular press at the moment. But, as Joe Morgan reports in this article, these businesses are at the nexus of the forces driving the development of an increasingly interconnected global financial system, driven in part by the growth of high-speed trading. The fibre optic cabling which links trading hubs together is of vital importance in FX, a global market where traders follow the rising sun to trade on different venues throughout the day....show more

Cutting through the Cloud

FX Mythbusters

Howard Tolman, Director of Cloud Trading Technologies tackles some questions on the application of Cloud Computing services within the FX trading environment....show more

FX Algos - the smartest new kids on the block?

Algorithmic FX Trading

The world of FX algorithmic trading continues to develop on all fronts. On a technical level the algos are increasingly sophisticated as developers bid to match the marketâ€™s appetite for lower latency, better performance and more complex trading strategies. And on a commercial level, providers continue to offer new algo trading services. Nicholas Pratt canvasses a leading technology vendor and two leading FX banks to see what we can expect to see in the algorithmic FX trading space during 2012....show more

Avoiding the pitfalls of launching a forex brokerage

Retail e-FX Provider

Heather McLean discovers that starting up a new electronic foreign exchange brokerage is a task littered with pitfalls, bear traps and electronic fences. However, approaching this entrepreneurial mission well researched means you will be well armed to overcome the problems and take the strategic decisions that lie ahead....show more

Gold-i Turns MetaTrader into Multi Asset Trading Platform

Sponsored Statement

Gold-i, a global market leader in trading systems integration, is aiming to revolutionise the industry this year by transforming MetaTrader, the worldâ€™s most popular trading platform for FX, into a multi-asset trading platform. In our three step guide below, we outline details of one of the biggest industry developments for 2012....show more

cTrader - delivering genuine ECN solutions for retail FX

Sponsored Statement

When deciding on the most suitable broker or service, forex traders are faced with a number of considerations. Until recently in the retail e-FX market, these considerations have focused on a number of basic factors such as spreads, platform usability and transaction options. But as homogeny took over, making it harder to distinguish between brokers, traders have developed more sophisticated criteria on which to base their decisions. ...show more

Picking up speed: Retail FX focuses on delivering low latency trade execution

Retail e-FX Client

The demand for low latency trading has been a feature of the HFT equities markets for many years to the point where there is little room left to go in terms of seeking the quickest possible executions. Low latency has also become a feature of the institutional FX space and has been present for a number of years. More recently though there has been a growing demand for low latency execution from the retail FX trading space. Nicholas Pratt investigates why high frequency players are now increasingly interested in trading on retail FX platforms. ...show more

Broker Study With Scott Parker, COO at GCI Financial

Broker Study

...show more

Lior Nabat, CEO of Tradency, talks to e-Forex about Mirror trading and the benefits that the â€œTrade by Knowledgeâ€ concept brings to traders, brokers and strategy developers.

In the chair

...show more

Catering for everyone

Broker Study

e-Forex talks with Michael Konnaris, CEO of easy-forex, a leading online forex broker with headquarters in Cyprus and representative offices in many other parts of the world....show more

Gurus secrets revealed: Observing the habits of highly successful Social Traders

Sponsored Statement

It may have taken a while for retail trading providers to latch on to the social network phenomenon so prevalent nowadays in most other online activities, but now that they have, social trading is taking the retail forex world by storm. Recent statistics from the eToro OpenBook social investment network show that traders not only prefer to carry out their trading activities through the social medium (over 70% of all trades), but that the medium itself is radically changing trading habits and efficacy. A dramatic 20% improvement in overall trader performance figures since the launch of the network, shows that the newly introduced social aspect of trading is not only a much needed injection of fun into the field, but a veritable revolution in the retail FX industry. ...show more

FX Fifty Five: delivering low latency access to FX liquidity pools

Tradertalk

e-Forex talks with Adil Soyfoo and Nathan Halfon, co-founders of FX Fifty Five, a specialist e-FX execution venue....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.Â ...show more

EM currency turmoil leads to increased ME flow

Currency Clips

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

Scandinavia

Currency Clips

A backdrop of falling inflation...show more

C&EE

Currency Clips

Solid fundamentals favor the zloty...show more

iFXexpo - Macau â€“ Jan 2014 - Venetian Hotel

Recent Events

What happens in Macau? â€¦ Isnâ€™t going to stay in Macau ...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

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

Foreign Exchange facing a world of uncertainties

Foreword

At the end of February I had the opportunity to participate at the â€˜Bretton Woods @ 70 â€“ Regaining Control of the International Monetary Systemâ€™ 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

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 marketâ€™s most active traders. ...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, youâ€™re not buying exposure to a gold standard. We can all kick cans down the road, but can we define the term â€œreserve currencyâ€ without feeling a little uneasy?...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 whatâ€™s on offer....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

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

Morgan Stanley Matrix pushes new boundaries

Platform Profile

Morgan Stanleyâ€™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 Matrixâ€™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

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

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

North America

Regional eFX Perspective

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

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

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

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

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

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 â€˜out of the boxâ€™ or â€˜off the shelfâ€™ 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

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

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

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

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

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 worldâ€™s leading Prime of Prime brokerages. We speak to Lars Holst, CEO of CFH Clearing, to find out more about the companyâ€™s successes and the benefits it offers to clients....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

Check-lists to consider for selecting an FX broker

Expert Opinion

By Marc Burki, CEO of Swissquote Bank...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

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

Tradertalk

Recently, our roving â€œforex photo-journalistâ€, Larry Levy, met up with automated trader Rickey Cheung in Hong Kong to learn more about the local legend. Here are Larryâ€™s photographs and his interview with Rickey....show more

Year of the Baaaaa - Singapore â€“ London RMB Forum

Recent Events

Iâ€™m told in the North â€“ 2015 is the Year of the Sheep, in the West the Year of the Ram and in the South - the Year of the Goat. Thereâ€™s certainly no shortage of differing perspectives on the zodiac animal itself let alone whatâ€™s next for the RMB....show more

A Look at the Malaysian Ringgit

Currency Clips

By Kwah Wee Hong Forex Dealer, Phillip Futures...show more

A weaker Euro to save Europe

Currency Clips

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

Latam currencies - domestic factors to determine winners and losers

Currency Clips

By Simon Smith Chief Economist at FxPro...show more

EUR on the top of ME traders List

Currency Clips

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

The road away from perdition, and the end of â€œConstructive Ambiguityâ€

Foreword

As I travel to meet senior bankers and regulators around the world, the conversation often turns personal. Yes, the agenda can be to discuss how to fix the industry, and providing industry-wide, global solutions to the FICC conduct challenges. The pros and cons of â€œhard legislationâ€ in response to recent misdemeanours that have occurred is often discussed, but so is an acknowledgement that, despite the best efforts of regulators, the discrepancies and lack of harmonisation in rules is leading to unintended consequences and unclear expectations regarding behaviour and ethics. Thankfully, the industry is coalescing around a few central frameworks....show more

Why FX needs better policy synchronisation and trading transparency

Leader

Uncertainty over the future course of regulation and whether more trading malpractice may come to light are continuing to cloud the foreign exchange market. Which is why better policy synchronisation and improved trading transparency are demanding attention....show more

Multi-Dealer Platforms to gain ground in 2015

e-FX Industry Report

Foreign-exchange users and dealers can expect a significant shift in trading activity to multi-dealer platforms from telephone voice execution and, potentially, from single-dealer systems. ...show more

Is Bitcoin really such a big deal? Weighing up the evidence

Blockchain and CryptoCurrencies

When you buy a bitcoin, you are buying a record of the fact that you own a bitcoin. Nothing more, nor less, than that. The bitcoin itself is an inalienable record of its own existence (see the box: How are bitcoins stolen?). In the long, cumulative record that is the Bitcoin block-chain, your bitcoin has made its mark â€“ or, if weâ€™re being scrupulously literal-minded, the act of â€œminingâ€ (generating) your bitcoin was the act of scratching the long-playing record, since its mark will remain in place, through successive iterations of the block-chain, for as long as that globally distributed network endures....show more

Block-chain, side-chain, FX-chain

Blockchain and CryptoCurrencies

An email conversation with the team at start-up Blockstream (â€œWe transform global systems of value exchange that, by design, make it possible to trust anyone;â€ see www.blockstream.com) brought this fascinating account of how â€œside-chainsâ€ can be applied to physical asset transfers and the foreign exchange market....show more

Access and regulation

Blockchain and CryptoCurrencies

New York-based LedgerX is currently awaiting regulatory approval from the U.S. Commodity Futures Trading Commission (CFTC) to operate the first US-regulated exchange and clearing house for trading bitcoin options. Paul Chou, CEO, LedgerX, spoke to William Essex about the companyâ€™s plans. ...show more

Banks are waking up to the e-payments revolution

Sponsored Statement

David Woolcock Global Head of Sales & Business Development at Eurobase International...show more

Delivering a more compelling user-centric experience with next generation SDPâ€™s

FX e-Commerce and Platforms

Single Dealer Platforms are being re-engineered to position clients at the centre of a simpler, more precise and integrated cross-asset class trading environment. Frances Faulds talks to some of those behind these next generation systems....show more

JFD â€“ Just Fair & Direct

Broker Profile

By placing client interests at the heart of what they do and by focusing on the quality of service offered JFD see themselves as game-changers in e-FX. Despite only starting up 3 years ago they are already listed by Forex Magnates in the top 15 Largest MT4 Brokers, top 30 Largest Brokers (all categories) and 1st by average volume traded per account. (source: QIR4 2014). e-Forex asks Cyril TABET, Partner & CEO and Lars GOTTWIK, Partner & MD to tell us more about some of the latest developments at the firm....show more

CFH Clearing â€“ helping brokers and banks to improve their profitability and efficiency

e-Forex Interview

e-Forex talks to Lars Holst, CEO of CFH Clearing, who explains how the organisation has evolved to be so much more than a leading STP venue for Tier 1 liquidity....show more

Fair Execution and Transparency in FX

Viewpoint

Foreign Exchange has been very much in the headlines in the last 12 months and rightly so: Too many problems and irregularities came to the surface, starting with the potential skewing of the 4pm fixing and more recently the lack of liquidity in the market after the SNB decision. Foreign Exchange has â€“ once again â€“ reached a point where the market will demand a better practice. This demand will be to not only access to the best price shown, but more towards the fastest and most reliable price available. Additionally it is also becoming increasingly important from a regulatory perspective to document best execution....show more

Avoiding investment regret â€“ assessing potential alternatives to PIT execution strategies in FX

Special Report

Following the recent recommendations from the Financial Stability Board, Frances Faulds looks at the perceived benefits and drawbacks of using the Fix, and what is most likely the way forward for the FX industry....show more

Executing FX trading strategies and mitigating risk through the Managed Network-as-a-Service model

Sponsored Statement

Ganesh Iyer Director, Global Product Marketing Financial Markets Network, IPC...show more

Slick Operations: Why speed matters

Sponsored Statement

According to James Banister, CEO of FXecosystem, brokerages across the globe are becoming increasingly aware of the competitive advantage they gain from hosting their trading platforms within the same sites as the main liquidity providers. ...show more

FX co-location: whatâ€™s fuelling the rush?

Networks, Hosting and Connectivity

The demand for co-location services is still booming despite the marketâ€™s maturity but, as Dan Barnes discovers, the detonation of the Swiss Franc cap in mid-January has necessitated some emergency packages for firms in trouble. ...show more

Catching Up With Seabury FXone

Provider Profile

With Rosario M. Ingargiola, President and Chief Executive Officer of Seabury FXone ...show more

After the storm â€“ what role did technology play in the SNB event?

FX Brokerage Operations

Following the carnage of the SNB event, Nicholas Pratt looks at the technology and the steps that brokers can take to protect themselves and their clients in the future....show more

The SNB debacle â€“ testing the metal of retail brokerage business models

Viewpoint

Luis Sanchez CEO of BMFN...show more

Ask Tom

Sponsored Statement

In the second in our series of Ask Tom features, we ask Tom Higgins, CEO of Gold-i, to respond to four more questions relating to liquidity bridges, risk management, integration, and hosting and server management â€“ four key areas which are critical to the smooth running of a successful brokerage. Tom is one of the worldâ€™s leading experts in the technical aspects of MT4. His responses below highlight how technology can be used to help brokers using MT4 to run their operations more effectively and profitably....show more

Expert Opinion

Jonathan Brewer, Managing Partner of IS Prime talks about FX Prime Brokerage and the evolving Prime of Prime brokerage landscape...show more

Trust, Technology, Liquidity, Credit and Clearing power â€“ what is happening to the building blocks of FX Prime Brokerage

FX Brokerage Operations

After years of struggling to adjust to the upheaval suffered during the global financial crisis, FX prime brokers are now facing another seismic shift after the SNBâ€™s surprise move in January. But, for the best-of-breed players out there, this debacle has proved an opportunity. Caroline Henshaw investigates....show more

Further perspectives relating to the SNB crisis

Expert Opinion

Abdelrahman Alimari Managing Director of CommexFX...show more

Global Forex Pros â€“ offering a fully independent service

Product Launch

Matthew Clark, Co-Founder and Director at Global Forex Pros, a forex education and analysis platform provider, talks to e-Forex about the launch of the companyâ€™s new website and service offering for FX brokers....show more

The liquidity hunter: a conversation with Patrick Fleur

Tradertalk

When you talk about sophisticated traditional buy-side players using algos, one name sticks out in the foreign exchange space. Patrick Fleur, head of trading and execution for Dutch pension fund service provider PGGM, has close relationships with virtually every major bank thatâ€™s producing algos for FX trading. He is constantly testing and evaluating them and he has dozens of algos to choose from. So what does Patrick think about the evolution of FX algos and what the key issues are now? Adam Cox reports....show more

Sao Paulo comes to St Pauls

Recent Events

All eyes were on Brazil for the first Brazil Capital Markets Day in London last month. ...show more

Jakarta is Hot and has a lot of Traffic

Recent Events

â€œJakarta is hot and has a lot of trafficâ€ â€“ such was a comment from the Finance Ministry when compared to the City of London on the Lord Mayorâ€™s recent trip in May. ...show more

iFX Expo Cyprus, May 2015

Recent Events

The iFX Expo Cyprus is one of the most important B2B iFX exhibitions held for FX brokers, technology providers, and other service vendors and consultants to the retail FX industry. ...show more

Malaysia's inflation under control

Currency Clips

By Daniel Ang investment analyst at Phillip Futures...show more

How much will the ECB and the IMF compromise?

Currency Clips

By Yann Quelenn Market Strategist at Swissquote ...show more

The LATAM split

Currency Clips

By Simon Smith Chief Economist at FxPro...show more

Middle East Currency Update

Currency Clips

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

A open letter to e-Forex readers

Foreword

Dear Reader, since my last contribution to this magazine I am pleased to report that we have made some unbelievably positive progress in our effort to help the markets industry on ethical conduct. ...show more

Six months on â€“ what has been the real impact of the SNB event?

Leader

Bryan Seegers, Head of eFX and Pricing, ADS Securities looks at the wider implications of the Swiss National Bank (SNB) removing its trading floor of 1.20 franc per euro and how the industry is adapting to the longer term issues accelerated by the Swiss National Bank (SNB) actions....show more

Bitcoin versus block-chain â€“ have we put the cart before the horse?

Blockchain and CryptoCurrencies

Whilst itâ€™s true to say that block-chain applications can sometimes be developed without Bitcoin it isnâ€™t always the case. William Essex discusses the implications this has for the role of crypto-currencies in FX....show more

Crypto-Grentry, not Grexit, for Greece

Blockchain and CryptoCurrencies

There is a potential crypto-currency solution to the Greek debt crisis. Lee Gibson Grant, founder of Coinstructors and instigator of the Drachmae project (www.drachmae.com) speaks to William Essex....show more

BBVA eMarkets â€“ easy to use, simple to deploy and an effective tool for price discovery, market analysis, trade execution and post- trade queries.

Platform Profile

Launched in 2013, Banco Bilbao Vizcaya Argentariaâ€™s (BBVA) eMarkets is a next-generation e-commerce platform, initially focusing on FX and money markets, which enables corporate and institutional clients to execute a full range of FX transactions online in real-time, benefitting from a transparent and competitive pricing and the ability to make multiple related payments. ...show more

CFH Clearing accelerates growth plans

Sponsored Statement

Lars Holst ...show more

Liquidity Pool Independent Mid-Rate Matching

Sponsored Statement

By Sophie Verdellet ...show more

Bloomberg â€“ offering access to the global FX community

e-Forex Interview

e-Forex talks to Tod Van Name, Global Business Manager for FX and Commodity Electronic Trading at Bloomberg LP....show more

Taking cost and complexity out of post-trade FX operations

FX e-Commerce and Platforms

Regulatory requirements are adding further cost and complexity to the FX back office so Frances Faulds reports on how the FIX Working Group and two of the industryâ€™s leading technology providers are helping market participants to address the issues....show more

Survival of the Fittest â€“ whatâ€™s coming next in the evolution of FX ECNs?

FX e-Commerce and Platforms

Electronic communication networks may be in the FX market sweet spot right now but Richard Willshire sets out to discover whether they can all survive....show more

Are you looking to further develop your CFD offering?

Sponsored Statement

It has been our strong belief for quite some time that the CFD provider landscape is in need of a shake-up. There has been a focus amongst retail brokers in the recent past to try to diversify their product mix to include CFDs....show more

Meet the team

FXSpotStream, a subsidiary of LiquidityMatch, was formed in late 2011. It is a bank owned consortium operating as a market utility, providing the infrastructure that facilitates a multibank API and GUI to route trades from clients to Liquidity Providers. We talk to their CEO Alan F. Schwarz, about the companyâ€™s ongoing expansion, key staff and future growth plans....show more

View from the Top: Sucden Financial continues to grow

Sponsored Statement

Wayne Roworth, Co-head of e-FX at Sucden Financial explains why the firm is in a stronger position than ever post SNB events....show more

Regional e-FX perspective on the Middle East

Regional eFX Perspective

The Middle East region presents a mixed picture of accelerating growth in technology but slower development in product offerings. Richard Willsher investigates....show more

Filtering out the noise: Institutional FX desks move e-dealing and market intelligence onto a new level

Special Report

Nicholas Pratt examines ways in which leading institutional FX brokers are leveraging their e-dealing platforms and market intelligence services to meet the needs of clients....show more

Are you looking for smarter and faster FX Liquidity aggregation?

Technology

Technology is raising the bar in terms of smarter ways to aggregate connections to the large number of trade venues in the FX market. Frances Faulds talks to three leading providers to see what solutions are available....show more

Dissecting Liquidity Aggregation

FX Mythbusters

By Rosario M. Ingargiola...show more

Taking a more centralised approach to risk management in retail FX brokerage activities

FX Brokerage Operations

Retail FX brokers face a plethora of challenges on a daily basis as they navigate the risks thrown at them by the markets across multiple front-ends, servers, clearing relationships and client segments. With major events such as the Swiss National Bank (SNB) debacle adding to the strain and even causing the collapse of some companies, Heather McLean discovers why it is now more important than ever for brokers to improve control of trading systems and better analyse, manage and hedge customer order flows in order to avoid being blindsided by unexpected market events. ...show more

Overcoming the technology hurdles when integrating a binary forex option platform

Expert Opinion

By Tim Brankin Managing Director of TradeToolsFX...show more

Ask Tom

Sponsored Statement

In the third in our series of Ask Tom features, e-Forex poses questions to Tom Higgins, CEO of Gold-i about the increasingly important role technology providers are playing in helping brokers to broaden their offering and manage their risk more effectively. For anyone interested in becoming a market maker, read on....show more

Managed connectivity â€“ the better way to access Emerging Market FX

Networks, Hosting and Connectivity

Dan Barnes reports on how market volatility has made flexibility and control of connectivity key for FX trading firms looking to access and leverage opportunities in emerging markets....show more

Understanding the true benefit of outsourced FX connectivity

Sponsored Statement

FXecosystem, a leader in outsourced connectivity services to the FX market, provides global FX banks, financial institutions, fund managers and retail FX brokers with enhanced connectivity and operational efficiencies. James Banister, CEO, FXecosystem discusses key factors to consider when deciding to outsource all or part of your connectivity requirements....show more

Harmonic Capital Partners â€“ A focus on investment strategy diversification

Tradertalk

e-Forex talks with Romael Karam, Partner at Harmonic Capital Partners LLP (Harmonic), an independent quantitative macro manager....show more

Thereâ€™s not a lot of coffee in Brazilâ€¦

Recent Events

July saw the bi-annual meeting of the Emerging Capital Markets Taskforce. An initiative from George Osborneâ€™s office to help expand trading in EM markets in the City of London....show more

Will the Elephant overtake the Dragon?

Recent Events

In July this year both R5 and the UK Foreign Office bought together a roundtable of INR traders to meet with the Indian Ministry of Finance and discuss the big question â€“ When or will India overtake China in the economic growth race? ...show more

3rd Annual FXIC

Recent Events

In addition to the networking opportunities everyone expects, this yearâ€™s FXIC New York, organizer Shift Forex, included a new featureâ€”speed networking. During this speed-dating-style program, 20 companies and organizations including Nasdaq, Current Desk, Eurex, CME Group, TIBCO, FCM360 and Investing.com to name few, sponsored tables for five-minute attendee meetings during the morning and afternoon....show more

Can Singapore Dollar sustain Parity Exchange Rate with the Australian Dollar?

Currency Clips

By Kenneth Tan Forex manager at Phillip Futures...show more

IMF calls again for Greece debt relief

Currency Clips

Yann Quelenn Market Strategist at Swissquote Bank SA...show more

The LATAM split

Currency Clips

By Simon Smith Chief Economist at FxPro...show more

Weak GCC equities pushing investors to FX

Currency Clips

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

FEMR â€“ a watershed moment for FX?

Leader

At present the Fair and Effective Markets Review (FEMR) has produced just a report. But what might it achieve over the longer term for foreign exchange markets? Richard Willsher investigates....show more

Whereâ€™s the B? Can the Lego thinkers rebuild the block-chain without Bitcoin?

Blockchain and CryptoCurrencies

Hereâ€™s a thought-provoking idea. Bitcoin is the incentive that makes the block-chain work. ...show more

Building a better block-chain

Blockchain and CryptoCurrencies

Dan Connell, managing director, market structure and technology practice, Greenwich Associates, co-authored his firmâ€™s report Bitcoin, the Block-chain and Their Impact on Institutional Capital Markets. Heâ€™s been watching the banks watching the block-chain. ...show more

Moving technology and e-trading platforms to the centre of new FX client service models

FX e-Commerce and Platforms

With Illit Geller, CEO of Tradair, Harpal Sandhu, CEO of Integral Development Corp., Patrick Myles, CTO of Caplin Systems Ltd and David Woolcock, Global Head of Sales and Business Development at Eurobase International....show more

The evolution of FX electronic trading on the buy-side and factors driving change

Viewpoint

Roger McAvoy Institutional Sales Director, Asia, at 360T Trading Networks...show more

Coming of age â€“ has trading of the renminbi reached a pivotal point?

Currency Focus

Caroline Henshaw reports on the development of rapidly growing Renminbi hubs around the world where trading volumes are now starting to surge and explores the role e-banking and e-trading channels will play in facilitating the future development of the RMB market....show more

What do brokers want from their Liquidity Provider?

Expert Opinion

What do organisations really want from a Liquidity Provider? How have attitudes and priorities changed since SNB events? Leading London-based Prime of Prime Broker, Sucden Financial conducted extensive research to address these questions amongst brokers, banks, fund managers and professional traders across the globe. The results provide insight into current market requirements and, as Peter Brooks, co-head of e-FX at Sucden Financial explains, highlight a major shift in priorities....show more

CIBC: Focused on innovation and empowering clients

e-Forex Interview

e-Forex talks with Takis Spiropoulos, Managing Director and Head of the Global e-Commerce Solutions Group at CIBC. ...show more

CFH Clearing broadens its offering to fuel further growth

Sponsored Statement

CFH Clearing, the London-headquartered Prime of Prime clearing provider, continues to attract an increasing number of prestigious institutional clients across the globe. We asked Lars Holst, CEO, CFH Clearing, about the secrets to the organisationâ€™s ongoing success....show more

The Exchanges â€“ gateways to a new world of regional FX trading opportunities

FX on Exchanges

Exchange traded currency products are here to stay. Frances Faulds looks at how existing and new derivatives exchanges are gearing up to cater for the OTC FX market....show more

Policies and Protocols - tackling cyber threats to FX trading operations

Special Report

Cyber attacks are increasing in both number and sophistication and no market is immune, including FX. Nicholas Pratt examines the nature of the threats and the work being done to limit the damage....show more

Ask Tom

High service levels have always been a priority for Gold-i, a world leader in trading systems integration. The company has recently strengthened its support team with a number of new appointments to ensure its increasing number of clients have access to MT4 technology specialists at all times. Ian Bunn has joined Gold-i as Head of Support, with 25 yearsâ€™ experience in support roles and a strong track record in servicing clients in Europe and Asia. As a further investment, Gold-i is opening an office in China in November 2015 and will be providing local language support to clients operating in the Asia-Pacific time zone. To coincide with this increased focus on service and support, we asked Tom Higgins, Gold-iâ€™s CEO to highlight the options available to brokers who need external support in order to run MetaTrader effectively....show more

Boosting your business with the next wave of retail FX brokerage technology

FX Brokerage Operations

In a business where your customers are multitudinous, fast moving, often inexperienced, and therefore sometimes quick to fail, standing out as a retail FX brokerage can be difficult. Heather McLean explores in what ways investing in their technology infrastructures can help retail FX brokers to more quickly achieve their business objectives including becoming the gateways of choice to world markets for their clients....show more

JFD Group â€“ a company on the fast track to record growth

Company in Focus

e-Forex asks Cyril Tabet, Partner & CEO at JFD Group, to outline some of the latest news from his company with a focus on JFD Prime....show more

Hardwired: FX trading in a chip

Technology

When every microsecond counts cutting code into specialised hardware offers real time saving, but has standard chip evolution caught up? Dan Barnes weighs up the benefits of hardware-accelerated appliances for electronic FX trading applications....show more

IS Prime enables clients to offer Prime of Prime by white labelling their front to back Institutional offering

Sponsored Statement

The Prime of Prime market is in transition, with many players still struggling to find PB solutions in the wake of the market turbulence in January. We believe that this gives an opportunity to the more active players in the retail broker market to compete in the Prime of Prime space. ...show more

Pathways to Asia - what are your FX connectivity options?

Networks, Hosting and Connectivity

Dan Barnes explores some of the characteristics of the foreign exchange markets across Asia and the key connectivity and infrastructure issues that FX firms need to consider in order to configure the best routes for accessing them....show more

MahiFX â€“ offering mid-size banks and brokers the opportunity to compete at top level

Sponsored Statement

The gap between the spot e-FX pricing and risk management technology deployed by the big liquidity providing banks and other institutions has only slightly narrowed in recent years. ...show more

Better education and more informed choices - helping to bring CFDs in from the cold

Retail FX trading

Traditionally, Contracts for Difference (CFDs) have been seen as a financial derivative class best suited to be used by very experienced and semi-professional traders, as opposed to the majority of retail FX market players. However, as Heather McLean discovers, that opinion is changing, as more retail traders decide to try out CFDs. ...show more

Pecora Capital - Man and Machine working together

Tradertalk

While many firms tend to pick a strategy or two and stick with that, Pecora Capital LLC prefers to mix things up. The Swiss-based macro investment management firm uses a variety of algo-based systems to navigate the worldâ€™s FX markets. Whatâ€™s more, Managing Director Aaron L. Smith and Head of Trading William Adams see no reason why man and machine canâ€™t work together. Smith calls the approach â€˜managed systematicâ€™....show more

Brazil â€“ the year ahead

Currency Clips

Last time, I looked at the impact of events in China on LATAM currencies, but as we enter a new year and a likely Fed tightening, it's worth taking a step back and a look at what the coming year may hold. ...show more

Middle East update

Currency Clips

Investors in the Middle East are looking for further weakness in the Euro against the major currencies and especially against the US Dollar (USD). Although it has been a choppy ride, the consensus, looking at the open positions, is for further declines towards the parity with the USD. ...show more

Market themes for 2016

Currency Clips

Thinking about the direction of currencies in 2016, we have to start with the question: what will be the main themes likely to persist throughout the year? The past year was dominated by fears about global growth, particularly China; the decline in commodity prices, particularly oil; and the denouement of policy divergence between the US and the rest of the world, particularly the EU. ...show more

Finance Magnates â€“ London Summit

Recent Events

I recently had the opportunity to attend the Finance Magnates London Conference (FMLC). This is a renaming of the former Forex Magnates London Conference (â€˜FMLCâ€™) which changed its name to reflect the greater diversity the Forex diaspora had produced....show more

EM is all about Oil, China and the Fed

Recent Events

This event has been getting better and better lately and I was quietly surprised and impressed by both the quality of speakers and attendees this year.Â ...show more

CNH = Change Now Here

Recent Events

Iâ€™m reliably told Gai Bain æ›´æ”¹ is the Chinese word for change. Itâ€™s not so much the concept of change thatâ€™s so apparent in RMB markets these days â€“ but more the speed of it. Like the Shanghai sky line â€“ its moving on up fast....show more

Narendra Modi - A Proper Brindian

Recent Events

In November it was my great pleasure to receive an invitation by the Lord Mayor and City of London to an address given by Prime Ministers Narendra Modi and David Cameron....show more

CNY = Change Not Yet

Recent Events

A lot gets said about China joining the Special Drawing Rights â€“ will they, wonâ€™t they? More likely when will they? With many pundits adding colour or distraction to the debate....show more

Restoring trust in global FX markets

e-FX Industry Report

An exclusive report and survey carried out by LMAX Exchange goes right to the heart of what is wrong with the FX market and what needs to be done if it is to regain the trust it has lost among customers. e-Forex summarises some of the findings....show more

Countdown to MiFID II. FX gears up for impending new regulation

Leader

Whether or not MiFID II/MIFIR is delayed remains to be seen, but as Frances Faulds reports, the industry is still grappling with a January 2017 deadline to get the systems in place for the biggest regulatory shake-up of the FX, derivatives and commodities markets....show more

Follow the money! How else can we exploit the full potential of the blockchain?

Blockchain and CryptoCurrencies

Although William Essex believes that large parts of the FX industry have tried to disassociate the blockchain from Bitcoin he argues that ultimately this doesnâ€™t matter as long as this potentially transformative technology is exploited to its full potential. ...show more

Any colour so long as itâ€™s open?

Blockchain and CryptoCurrencies

Richard Olsen ...show more

Who gave you permission?

Blockchain and CryptoCurrencies

...show more

Reputation, again, and the "underlying" obstacle

Blockchain and CryptoCurrencies

...show more

Bitcoin and the central-bank dilemma

Blockchain and CryptoCurrencies

...show more

Leveraging the network effect

Blockchain and CryptoCurrencies

Many banks have joined the consortium around R3â€™s initiative to design and deliver advanced distributed-ledger technologies to global financial markets. Charley Cooper, managing director, R3, spoke to William Essex about the way forward....show more

A powerful mix: regional FX providers combine high-tech trading with local currency expertise

FX e-Commerce and Platforms

Regional eFX providers are making a comeback in currency markets long dominated by the majors, as the myriad new, sophisticated technology solutions available has made them more competitive at a time when clients are increasingly seeking local expertise and dedicated service....show more

FX Liquidity â€“ how do you find the right provider?

Liquidity Management

Nicholas Pratt examines the growing challenge of sourcing liquidity in todayâ€™s FX market and what steps trading firms can take to select the right providers....show more

FXecosystem plans further expansion in 2016

Sponsored Statement

FXecosystem, the leading provider of outsourced connectivity services to the FX market, experienced significant growth over the last year with the introduction of new products and further investment in its network infrastructure. James Banister, CEO, FXecosystem talks to us about the organisationâ€™s plans for 2016....show more

Provider Profile

CrÃ©dit Agricole CIB is a leading market maker on the foreign exchange and precious metals market and offers a full range of spot, forward, option-based and derivative foreign exchange and precious metal products. e-Forex talks with Stamos Fokianos, Global Head of eBusiness, about the range of FX services the bank now offers, its growing electronic trading product suite and future plans for building on its comprehensive FX e-commerce capabilities....show more

Building the benchmark for global FX

e-Forex Interview

e-Forex talks with David Mercer, CEO of LMAX Exchange...show more

Hotspotâ€™s London matching engine

Product Launch

In September 2015 Hotspot announced the successful launch of its new London FX matching engine. e-Forex caught up with Bill Goodbody, Head of FX at BATS Global Markets and asked him to tell us a little more about the venture....show more

Regional e-FX perspective on Asia: All eyes on the RMB

Regional eFX Perspective

The Chinese currency is the main subject of discussion among those involved in e-FX trading in the Far East....show more

The technology provider perspective

Regional eFX Perspective

Chris Davis, Managing Director of Broadridge FX and Liquidity (FXL) ...show more

CFH Clearing â€“ Helping brokers to thrive

Sponsored Statement

CFH Clearing is rapidly gaining market share as a world leading Prime of Prime broker and award-winning Liquidity Provider. Paul Groves, Sales Director at CFH Clearing, shares his views with e-Forex readers on current broker requirements and priorities for the year ahead....show more

Whatâ€™s causing the flight to quality in FX Prime Brokerage?

Special Report

Nicholas Pratt reviews the changes that have recently taken place in the FX prime brokerage market and what it means for trading firms....show more

FXCM â€“ poised for growth and focusing on core areas of strength in their Institutional services

Meet the team

e-Forex talks with Brandon Mulvihill, MD and Global Head of Institutional sales at FXCM....show more

Widening your e-FX capabilities with a new generation of white labelling solutions

FX Brokerage Operations

Heather McLean discovers more about how white labelling solutions can assist retail FX brokers to quickly establish their online trading operations and why white label partnerships can prove a very attractive proposition....show more

Factors to consider when choosing a white label partner

FX Brokerage Operations

According to Luis Sanchez, CEO of BMFN...show more

Gold-i: Helping brokers to improve business performance

Sponsored Statement

Over the last six years, Gold-i has become widely known as the world leader in trading systems integration and has built an impressive client list consisting of many of the most prestigious and fastest growing brokerages across the globe....show more

Minimising risks and maximising trading opportunities - exploring the benefits of financial trading ecosystems for FX

Networks, Hosting and Connectivity

Dan Barnes looks at how financial trading ecosystems have evolved, what services they can offer and the benefits they can deliver to a wide variety of FX market participants ....show more

Stelrox Capital Management LLP

Tradertalk

e-Forex talks with Buford Scott, Managing Partner at Stelrox Capital Management LLP, an alternative asset manager, with a focus on foreign exchange markets....show more

Rupee Internationalisation - by way of Brick Lane?

Recent Events

Indiaâ€™s central bank, the RBI, has long been wary of discussing or even admitting the existence of offshore Rupee transactions. Yet this yearâ€™s UK India Economic Financial Dialogue (EFD) made a significant breakthrough in that both countries supported the City of London and R5â€™s plans to create a Rupee Internationalisation Initiative in London....show more

The Poundâ€™s outlook is in shambles after the UK General elections

Currency Clips

The UK General elections on June 8th was the most important risk event for the Pound since the Brexit referendum. Unfortunately for the Sterling, the elections resulted in a hung Parliament as the ruling Conservative party failed to command the majority needed and the Pound dropped almost 3% when Britain woke up to an uncertain political stage in the face of the Brexit negotiations. ...show more

US economy â€“ A view on interest rates and the yield curve

Currency Clips

While interest rates (IR) have continued to climb on major fiscal policy reforms and a rising consumer price index (CPI), U.S Q1 2017 GDP growth rates reached their lowest level since 2014, albeit rising quarter-on-quarter when compared to Q4 2016, signalling that the US economy is slowing down.Â ...show more

Japanese Yen outlook versus US Dollar

Currency Clips

Safe havens had strengthened across the board as risk events over the past month have lifted marketsâ€™ risk off sentiment. Notably; the London terror attack, UK general election, Trumpâ€™s Russia leak scandal and the gulf states cutting diplomatic ties with Qatar. JPY has been one of the best performing currencies over the past month....show more

No immediate threats for the Euro

Currency Clips

Most of the risk, when it comes to the EUR/USD pair, is in the rear window. It is safe to say that the Euro currency does not face any mammoth immediate threat. Investors are anticipating a move from the European Central with respect to their monetary policy because of abating risk. However, the bank has used a very balanced approach so far. Â It is also safe to say that inflation remains the biggest thorn for the ECB and the president of the ECB, Mario Draghi has his eyes riveted on it....show more

The Structure of the Flow FX Market is Stabilising

e-FX Industry Report

Over the past 18 months, GreySpark Partners has observed that the structure of the flow FX market â€“ consisting of spot FX and vanilla OTC swaps, forwards and futures â€“ has continued its incremental evolution....show more

RegTech in FX: Closing the gaps between regulatory intention and interpretation

Reg Tech

The month of September will mark the 9 year anniversary since the 2009 G20 Pittsburgh meeting which established the framework for new derivatives regulation, leading to a fountain of new rules being established across different regulatory jurisdictions for financial institutions to follow. ...show more

Is the blockchain getting real?

Blockchain and CryptoCurrencies

Ask the crowd, says William Essex...show more

Blockchain in conference

Blockchain and CryptoCurrencies

A round up of significant recent and forthcoming blockchain events around the world...show more

The profitable psychology of altcoins

Blockchain and CryptoCurrencies

Maksim Balashevich, founder and CEO of cryptocurrency data-feed provider Santiment, kicked off 2017 by blogging that, â€œfollowing the recent rise in Bitcoin, we believe the altcoin market is set to experience a similar bull market over the course of the next 6 to 12 months as cryptocurrency investment enters the mainstream consciousness.â€ So far, so correct. William Essex met Maksim Balashevich to discuss future use cases, crypto-competitive innovators and the wisdom of crowds....show more

Chickens, eggs and streamlined systems

Blockchain and CryptoCurrencies

Brothers Guy and Hugh Halford-Thompson founded BTL Group in 2015. The company has been listed on Canadaâ€™s TSX Venture exchange since November 2015 and runs its own proprietary blockchain platform. Interbit â€œis focused on helping enterprises streamline their existing IT infrastructure and therefore reduce risk and costsâ€ (http://btl.co/interbit/). William Essex went to find out more....show more

OTC Exchange Network: Offering total trade-to-settlement solutions

Spotlight

OTC Exchange Network (OTCXNâ€‹) leverages its own proprietary blockchain technologies to operate a permissioned, peer-to-peer trading network solving the biggest problems facing all market participants; starting with the OTC Spot FX market. In this article we highlight its range of products and services....show more

Optimising FX liquidity Increasing profitability with less risk

Liquidity Management

The foreign exchange market is more fragmented than ever, and participants need to harness aggregation to access the liquidity they need. Joel Clark reports....show more

WHY WHAT and WHEN? Addressing the key questions about using FX algorithms

e-Forex Roundtable

With Mark Goodman, Global Head of Electronic Execution (FX, Rates, Credit, Futures) at UBS Investment Bank, Scott Wacker, Global Head of e-commerce Sales and Marketing at JP Morgan, David Mechner, CEO, Pragma Securities, Nickolas Congdon, Head of E-Trading Services at Commerzbank and Fergal Walsh, Managing Director, Global Head of FX Algorithmic Execution at Citi....show more

MahiFX - Where personalised partnerships are the key to success

Sponsored Statement

If events in the financial market over the last couple of years have taught us anything, it is that risk management is not something that should be taken lightly. In fact, it has become such a hot topic during recent months that it has been identified as one of the top focuses for businesses to improve in 2017, after numerous firms have fallen into administration. ...show more

Stater Global Markets: Offering institutional access to the FX Market

e-Forex Interview

e-Forex talks with Ramy Soliman, CEO of London-based Prime of Prime Brokerage, Stater Global Markets about his firmâ€™s extraordinary fast growth and future plans....show more

Citi Velocity ups the ante

Platform Profile

Launched almost a decade ago, Citi Velocity has continued to evolve rapidly since its signature v2.0 release in 2012, and has most recently been overhauled to provide a best-of-breed platform, built for and designed by traders in todayâ€™s regulatory environment. e-Forex talks to David Oâ€™Byrne, Director and FX Global Product Head of Citi Velocity, about the features that will future-proof Citi Velocity and ensure it is not only the fastest and slickest single-dealer platform, but also the safest....show more

Scandi squeeze

Regional eFX Perspective

The Nordic FX markets continue to adapt quickly to new e-trading trends. But local service providers are caught between competition from international banks and demands from their increasingly technology driven customers, writes Richard Willsher....show more

Artificial Intelligence in FX: Harnessing the future now

Special Report

There are a lot of questions and hype right now about the transformational benefits that Artificial Intelligence (AI), Machine Learning (ML) and allied capabilities are about to bring to the capital markets. They probably will, but the truth is that these capabilities have been around for quite a while, and are now becoming more accessible as they become more affordable and people discover how to use them more effectively....show more

IS PRIME - Fast growth and an impressive client base

Sponsored Statement

e-Forex talks to Raj Sitlani and Jonathan Brewer, Managing Partners at IS Prime about how the firm has been building up market share....show more

Breaking through the Great Firewall of China: Delivering new FX trading services and connectivity solutions across Asia

Networks, Hosting and Connectivity

There is an increasing demand for FX services across Asia but providing connectivity and trading services poses several challenges. Nicholas Pratt examines the various strategies employed by service providers to overcome the obstacles....show more

PrimeXM: Catering for the growing market in Asia

e-Forex Interview

PrimeXM is a leading technology provider to the global financial industry. The company was established in 2010 and its key business focus is providing cutting edge aggregation software, ultra-low-latency connectivity, institutional grade hosting solutions and high end MT4/MT5 Bridging and White Labels. e-Forex talks with Cristian Vlasceanu, CEO of PrimeXM about how it is building its business in Asia....show more

Security, Service, Heritage, Innovation. After 40 years IG still sticks to its core principles

Meet the team

IG has been at the forefront of innovation in trading for over 40 years and is now the worldâ€™s leading retail CFD provider, handling over 7 million transactions a month for over 152,000 active clients around the world. e-Forex talks with Mark Chesterman, Global Business Development Officer at the firm about its fast growing Institutional Services division....show more

Trading & Technology Clinic

In this the first of a new series of regular articles that we will be publishing in e-Forex, Alex Walker, Executive Vice President and Managing Director of Transaction Network Servicesâ€™ Financial Services Division, answers some of your questions on various hosting and network connectivity issues....show more

Exploring some of the key benefits of quantamental analysis

Models & Strategies

Alex Krishtop is a trading strategies architect and the founder of Edgesense Solutions, a boutique research and automated trading solutions provider. He can be reached at alex@edgesense.net...show more

Visual Edge: Increasing Profits in Brokerages Worldwide

Sponsored Statement

Visual Edge is one of Gold-iâ€™s most innovative products for dealers and risk managers. It enables them to manage exposure risk, protect against toxic clients and view key trading metrics such as intra-day P&L and volumes. With customised dashboards, it provides high-level summary views as well as detailed drill down to individual symbols and clients. e-Forex talks to Misha Kipnis, VP, Gold-i Visual Edge, to find out more....show more

Social Trading technology opens up pathways towards smarter investing

Models & Strategies

Social trading now comes in many guises, but they arguably all developed from the same basic premise: facilitating traders with the ability to copy, or hedge against, successful trades or trading strategies. But how has the concept developed, why are there such marked differences in approach between providers and how is this sector likely to further evolve? Nicola Tavendale writes. ...show more

Trading and apps - a potted history

Memory Lane

What a difference a decade makes. Ten years ago, wallet and keys would have been top of the list of essentials when heading out of the house. These days (for most people) mobile phone is now at the top of that list.Â ...show more

Blockchain comes to the boil

Blockchain and CryptoCurrencies

William Essex reports about some very interesting times in the blockchain and cryptocurrency space....show more

Price is the boss

Insights

With Andreas Thalassinos, Head of Education at FXTM...show more

Yenâ€™s lure amid US-China trade uncertainties may dampen Dollar index

Currency Clips

Amid the recent ramp-up in US-China trade tensions, market observers wouldnâ€™t have been faulted for expecting the Dollar to rise on the wings of risk aversion. Instead, in the days leading up to May 10 when US tariffs were more than doubled to 25 percent on $200 billion worth of Chinese imports, the Dollar index continued weakening towards the 97-support level....show more

Global trade issues prolong Euro uncertainty

Currency Clips

Since my last analysis on the 15th of March, more key factors affecting the Euro and the Eurozone, after Draghiâ€™s last speech at the ECB conference, need to be taken into consideration. There has been weakening growth within the Eurozone and this has affected the future inflation forecast as well. The Headline inflation predictions have also been downgraded by the ECB, thus forecasting inflation at 1.6% for the financial year of 2021....show more

Central bankâ€™s forward guidance suggests inflation target remains a long way off

Currency Clips

The Bank of Japan has vowed not to raise interest rates before spring 2020. A specific date gives markets better certainty during the next year, with nobody expecting a rate rise, and will unlikely make any substantial difference to the economy....show more

Headwinds impact Australian Dollar

Currency Clips

There are huge headwinds causing the Australian dollar to remain under pressure over recent weeks, all of which show no signs of changing in the short term. Add the major economic headwinds to the upcoming federal election, and the uncertainty this causes and you can understand why the Aussie is finding it hard to cling on to any of the recent rallies. The Australian Dollar had a slightly more positive start to the month despite a decidedly negative start for global stock markets which would typically be met with sharp declines in the Aussie currency. Global markets have fallen into the red on concerns that the U.S.-China trade war may re-escalate....show more

A flash in the pan or a systemic change?

Market Commentary

James Sinclair, executive chairman at MarketFactory, sets out to define a flash event, ask how frequent they are, determine what factors cause them and how market participants may minimise their impact...show more

Making the case for change in Post-Trade FX processing

Trading Operations

As return on equity in financial markets continues to remain stubbornly low and often below funding costs, business leaders need to consider their options to address core underlying profitability. Many have already deployed the traditional options of offshoring, nearshoring, outsourcing. And still industry wide ROE is below 10% against a higher cost of capital. This position is not sustainable and so new approaches and different target operating models need to be considered....show more

Counterparty collaboration

Liquidity Management

Exploring new ways to deliver deeper insights into your FX trading operations ...show more

Why now is the time for heads of FX desks to shift their technology mindset

Expert Opinion

Integralâ€™s Chief Revenue Officer Vikas Srivastava offers his perspective on how heads of FX desks can use technology strategically to future-proof their trading and operations while still doing well in a low volatility environment....show more

Stater Global Markets: The specialist Prime of Prime that offers bespoke and high quality services to meet client requirements

e-Forex Interview

Stater Global Markets is a London-based Prime of Prime brokerage which offers institutional clients direct access to Tier 1 bank and non-bank liquidity, clearing and institutional grade technology for FX and CFD trading. Â The firm, which is authorised and regulated by the Financial Conduct Authority (â€œFCAâ€), has a global client base and offers customisable multi-asset liquidity and technology solutions of the highest calibre. ...show more

ParFX - Bringing increased fairness, equality and transparency to the FX market

Provider Profile

Since ParFXâ€™s inception in 2013, the company has been at the forefront of efforts to bring about change to the industry. It played a role in the development of the FX Global Code through its participation in ACIâ€™s foreign exchange committee and was one of the first to sign up. e-Forex spoke to Roger Rutherford, Chief Operating Officer at ParFX, to discover more about the unique aspects of the platform and business model, and the steps it will be taking to continue its mission of improving trading behaviour in the FX market....show more

Electronic FX in African Markets - A giant growth story across both distance and diversity

Regional eFX Perspective

e-FX in Africa is a huge opportunity. The winners will be those businesses that can span the continent and harness technology to deliver services to a huge and varied range of clients, writes Richard Willsher....show more

Financial Clouds in FX - Leveraging a new operating model

Trading & Technology Clinic

By Guillaume Spay, Global Solution Director, Treasury Capital Markets at Finastra....show more

Advanced Markets: Offering clients access to an international team of FX experts

Meet the team

Advanced Markets is a company focused on bringing true Direct Market Access (DMA) liquidity, credit and technology solutions to the foreign exchange, energy, precious metals and CFD markets. The firm has put together an international team of FX experts who are located all over the world. We asked key members of this team to tell us a little more about their individual roles and responsibilities, the clients that the firm is servicing and their thoughts on how Advanced Markets is adapting to the fast changing FX landscape....show more

How Colocation, Connectivity and Content can boost your FX trading firm

Expert Opinion

By Stefano Durdic, Managing Director of Financial Services, Transaction Network Services...show more

Isolating signal from noise - What factors really are important when choosing your FX liquidity provider?

FX Brokerage Operations

There is an increasing awareness among brokers and institutional trading firms that quality rather than quantity works best when sourcing liquidity. This has resulted in a shift away from linking to the maximum number of liquidity providers (LPs) on the basis of simply obtaining the best price to establishing deep and long-term relationships with a small panel of LPs. Joe Morgan reports....show more

Safeguarding FX operations

Expert Opinion

In every industry, there are movements and shifts to public cloud. Amazon, Google and Microsoft are taking the lead, moving significant amounts of computing requirements to cloud services, and a significant portion of the marketplace is adopting noticing and following suit. In this article, I will discuss the role of public and private cloud in the FX trading environment, and how firms can ensure they are adequately protected....show more

The role of Connectivity in global FX trading

Networks, Hosting and Connectivity

The factors that influence FX network connectivity are diverse. Regulations govern the culture of trading in FX as they do other asset classes; technology provides the tools while market participants and......show more

Broctagon Fintech Group

Provider Profile

Having a chat with one of the worldâ€™s fastest-growing FX and cryptobrokerage solution providers...show more

In the world of crypto trading, it's better to be smart than fast

Blockchain and CryptoCurrencies

In an industry as technology-centric as crypto trading, itâ€™s somewhat ironic that speed might be less important than many people might think....show more

Capturing Capital Requirements: Gold-iâ€™s Business Intelligence and Risk Management Tool: Visual Edge

Sponsored Statement

All brokers operating in the EU, whether they operate under a 125k licence or a 730k licence, are no doubt aware that under the Capital Requirements Regulation Directive 4, they need to be capturing their Capital Requirements. ...show more

How technology will shape the trading behaviour of tomorrow

Technology

Mobile technology opened the door for the individual trader. Prior to this technology, prospective traders were bound by location and inhibited by daily routines and obligations. From conception, the percentage of trades made via a mobile platform and the amount of trade volume has steadily increased....show more

FX strategy automation for retail traders

Automated FX Trading

Forex robots, Expert Advisors and Artificial Intelligence, all of these words are probably familiar right now to retail Forex traders. They may be thinking, â€œI donâ€™t need any of that to trade the financial markets, all I need to do is click a button!â€. Well, the professionals are saying otherwise, hedge funds such as Renaissance Technologies and Bridgewater are already using Artificial Intelligence and computer modelling with great success in trading. Why do these firms even bother using automated systems?...show more

Why standards in FX present a huge opportunity

e-Forex Interview

By removing barriers to exchange, standards always increase the amount of business done. They cut costs, widen margins, expand opportunities and reduce risk....show more

FX under the Corona lockdown - E platforms and algos come into their own

Special Report

Richard Willsher investigates how electronic FX markets are performing as the global corona crisis deepens...show more

Trends in FX Trading: Addressing the technology challenge of electronified FX markets

e-FX Industry Report

In 2020, global capital markets consultancy GreySpark Partners observes that overall FX market structural dynamics significantly impact trading franchise business models and drive decision-making across the different segments of market participants in different ways....show more

Peer-to-Peer Matching in FX: Why the pieces are finally coming together

Market Commentary

For as long as there’s been foreign exchange trading, buy side institutions generate the demand for FX liquidity, while market makers provide the supply. A symbiotic relationship that has stood the test of time, but with increased pressures for best execution and enhanced transparency, especially in uncertain times like now with the resurgence of volatility, the demand for peer-to-peer liquidity has never been greater....show more

Liquidity crisis: Does the expert analysis from Sibos still hold-up?

Liquidity Management

“The Bank for International Settlements (BIS) survey states that turnover is a rough proxy for liquidity and, if it is, liquidity is at an all-time high,” said Gavin Wells, moderator of the FX Day at Sibos on 23 September 2019. “Yet if you talk to market participants, they would tell you that the capital implications have led to a reduction in credit, which has reduced market access, which means they have less liquidity. So how can both conditions exist?”...show more

e-Forex talks to Neill Penney, Managing Director, Co-Head of Trading at Refinitiv

e-Forex Interview

Refinitiv’s trading business provides solutions across the entire trading workflow including pre-trade insight, execution capabilities, and transactional workflow solutions for the sales, trading, and research of FX, rates, credit, equities and other exchanged-traded instruments globally, constituting nearly all the major buy-side and sell-side financial firms around the world....show more

Does e-FX still require a human touch?

Technology

Client demands for speed and efficiency, coupled with regulatory pressure for transparency, will continue to drive the growth of electronic trading, including trading of more complex products....show more

Have we underestimated the growth potential of anonymous ECNs?

Forum

With Paul Arnold, EMEA Head of Sales, Euronext FX and Vincent Sangiovanni, CEO 360TGTX...show more

The Harmonisation of Electronic Trading, Treasury and Regulatory Compliance

Trading & Technology Clinic

We asked Gill Bacon, Business Development Director, Banking to tell us why now, more than ever, integrating trading, treasury and sales operations can help navigate the ever-complex world of e-trading and regulatory compliance....show more

FX Markets in the age of COVID-19

Expert Opinion

FX, as an asset class, has long exhibited certain key and defining features in the context of the global financial markets. Firstly, there is the intrinsic link between FX and the real economy – and the role that FX plays not only in facilitating global trade and commerce, but also payments....show more

Aggregation & spreads: The race to zero

FX Brokerage Operations

In this increasingly competitive market, we continue to see spread compression in FX and precious metals. This has been an exponential trend since the rise of electronic trading (namely e-FX), as access to the $6 trillion daily FX industry has become far more appealing with the evolution of technology and the relative ease of market entry....show more

Gold outlook: Corporate earnings and fiscal and monetary policy in focus

Currency Clips

Gold price has risen by almost 2% in the past month while the dollar index has risen by more than 4%. This price action was mostly due to global central banks and policymakers. The two have moved swiftly to support the economy....show more

e-FX and Prime Brokerage - The ABN AMRO Experience

Viewpoint

The electronic challenge for ACI

Foreword

eFX - facilitating convergence and alliance across the FX industry

Leader

The Foreign Legion gains new recruits

Marketplace

LOOK-BACK 2004 - e-forex: the second wave breaks

e-FX Industry Report

Secondary FX flows Ã¢â‚¬â€œ the evolution continues

Features

Overcoming resistance to e-FX:

Features

eFX - Helping to reduce operational pain points for the corporate client

Features

Benchmarking - Helping to reduce market footprints

Features

Fitting structured FX on e-trading platforms

Features

BrokerTalk puts the flow back into the market

Case Study

True Straight Through Processing in FX becomes feasible Ã¢â‚¬â€œ the TWIST perspectiveStandards: business process focus and harmonisation

Features

CLS: A Key Driver for STP

Features

White Label Partnerships: Co-operation v. Competition

Features

The rise of FX Model Systems Trading

Retail Forex Client

Five more banks join Fxall

News

Bloomberg and Cognotec to deliver Streaming Rates

News

JPMorgan launches TransFix Benchmarking product

News

EBS Prime banks expand offering to PTC

News

Currenex available to RealTick customers

News

Traiana TRMÃ¢â€žÂ¢ selected by ABN AMRO

News

SEBÃ¢â‚¬â„¢s Trading Station opens up new e-FX possibilities

News

Reuters launches new live price feed

News

Barclays Capital becomes an EBS Prime Bank

News

Global Forex Trading introduces Facilitated Systems

News

Telerate enhances Active8

News

RBS selects Caplin for FX trading portal

News

FXpress releases FIRSTÃ¢â€žÂ¢ treasury workstation

News

Saxo Bank launches lower prices

News

Handelsbanken

News

ACM adds new currency pairs

News

UFJ goes global with Sierra FX Options

News

Global Link rolls out Trade Manager

News

Chohung Bank chooses Fenics FX

News

Nordea e-Markets goes live on Reuters RET system

News

EBS Spot hits deals per minute record

News

CLS has significant impact on trading practices

News

GNI Touch Forex sees month-by-month growth

News

SuperDerivatives enhances SD-FX option pricing system

News

Lava launches innovative FX Product Suite

News