e-Forex Magazine October 2002

e-Forex Magazine October 2002

e-Forex Oct 2002 - FX - Evolving towards an Exchange-like model? eFX trading solutions in the Currency Overlay business. Corporate eFX trading - thoughts for the future.

 

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

Leader

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

 

From banks to the buy-side - FX Clearing brings risk mitigation to the wider market

Leader

The impact of clearing will be felt throughout the FX market. Frances Maguire looks at the main challenges ahead and what’s in store....show more

 

The push for standardisation - can we risk changing the future landscape of FX?

Leader

The recent disasters in the global banking system and the ensuing fallout in the derivatives markets fundamentally changed the way market participants use FX derivatives. The crippling widespread disappearance of liquidity and leverage as well as the over-regulation that many doom sayers predicted has not materialised; instead, market participants are refocusing on the core uses of derivatives that built the industry. Concurrently, there are greatly increased efforts at addressing systematic problems with efficiency and operational risk. In addition, regulators are preparing sweeping reforms to the OTC derivatives markets on both sides of the Atlantic and FX derivatives are in danger of being caught up in these reforms....show more

 

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

Leader

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

 

Underpricing Liquidity – ePlatforms increasing systemic risk

Leader

Edward Pla talks about the debate surrounding FX Liquidity and why it’s heating up....show more

 

It’s all about trading

Leader

Adoption of electronic trading is a certainty for almost all markets says Neil Chriss, despite proponents facing a contingent of doubters in each market, including foreign exchange....show more

 

Retail FX Market: Growth, Consolidation, and Evolution

e-FX Industry Report

With the passing of the Commodity Futures Modernization Act (CFMA) in December 2000, the Commodities and Futures Trade Commission (CFTC) became officially responsible for regulating the retail FX market, thereby legitimizing the existence of the burgeoning retail market. Today, the retail FX market is booming with strong adoption across all major financial centers. ...show more

 

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

e-FX Industry Report

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

 

Could the expansion of EBS Prime unleash a new phase of e-Forex growth?

e-FX Industry Report

While EBS Prime is some way from establishing itself as a true buy-side system, the implications of its possible success cannot be overstated argues Peter D’Amario....show more

 

Look Back - 2002

e-FX Industry Report

Justyn Trenner traces the major milestones and important events that have shaped the development of eFX over the last 12 months....show more

GL TRADE makes key Forex appointment

News

...show more

TraderTools introduces ExportTools™, the export engine for STPlatform™

News

...show more

Tradency expands partner base

News

...show more

SuperDerivatives provides multi-asset correlation tables

News

...show more

Standard Chartered launches Straight2Bank

News

...show more

Block trading added to SGFXTrade

News

...show more

Scotiabank deploys AutoDeal+

News

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

Reuters launches new version of Reuters Trading for Foreign Exchange

News

...show more

odl mt4

News

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

MIG Investments tightens Institutional offering: Spreads from 1 pip!

News

...show more

IG Markets launches new FX platform

News

...show more

ICAP launches e-trading in FX Forwards

News

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

HSBC introduces HSBCfix

News

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

Hotspot FXi adds fully Decimalized pricing

News

...show more

FXMarketSpace successfully launches trading platform

News

...show more

FXall introduces benchmark fixings to QuickOMS

News

...show more

FNX launches new strategy builder platform

News

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

Dukascopy - SWFX marketplace continues fight for milliseconds

News

...show more

Dresdner Kleinwort launches FXWeb

News

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

db Marketplace - A new interactive order book from autobahnFX

News

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

Currenex expands functionality for submitting orders on VWAP

News

...show more

Cognotec launches RealStream-Rate Manager

News

...show more

CFET’s launches new FX trading system

News

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

Caplin launches Caplin Trader for FX

News

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

BGC’s Margin FX business launches BGC FX

News

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

News : Barclays Capital launches BARX Powerfill Orders

News

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

ANZ upgrades FXOnline platform

News

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

News

...show more

 

Travelex designs new payments system for Universities

News

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

Wall Street Systems offers eOperations tool

News

...show more

Standard Chartered upgrades e-FX platform

News

...show more

Danske Bank now on RTFX

News

...show more

MG Financial Group enhances its DealStationâ„¢ platform

News

...show more

 

Global FX Recruitment: How is e-Commerce shaping the future?

News

Peter Harwood examines how e-business is affecting the pattern of Global FX recruitment....show more

SEB launches FX Prime Brokerage

News

...show more

Summit launches real-time Collateral Management module

News

...show more

EBS announces details of its FX offering for PTC

News

...show more

Traiana hosts Harmony Forum

News

...show more

SuperDerivatives appoints new VP Sales, Americas

News

...show more

GAIN Capital expands proprietary Forex Research offering

News

...show more

Swiss Forex develops SFoxTM platform

News

...show more

FFastFill enables go-live of CME FX on Reuters

News

...show more

Saxo Bank enhances TradeMaker

News

...show more

FX Engines launches live trading service

News

...show more

GFT Introduces InciteFXâ„¢ Forex Trading Signals Program

News

...show more

ACM adds new currency pairs

News

...show more

Bloomberg releases new interface

News

...show more

360T and Misys to offer joint services

News

...show more

Spreadsheet Trading announced by Currenex

News

...show more

Commerzbank Corporates & Markets launches comforex:plus

News

...show more

BTM goes live with Cognotec's Market Rate Manager

News

...show more

Nordea Analytics extended by IAS 39 tool

News

...show more

Hotspot FXi Streaming Prices Best in Euromoney Poll

News

...show more

IFX Markets launches new-look IFX Direct

News

...show more

Calyon selects Reuters to deliver FX trading platform

News

...show more

Global Link releases Competitive Swaps module

News

...show more

Mellon enhances IDeal Forex

News

...show more

Major deal using RBS FiX

News

...show more

Asset Managers’ volume on FXall grows by 146%

News

...show more

Citigroup releases enhanced CitiFX® White Label

News

...show more

Trading models now live on BNP Paribas FX Portal

News

...show more

Barclays Capital introduces additional decimal places

News

...show more

Enhanced HBOSdeal.com

News

...show more

IFX releases upgrade of IFX Direct

News

...show more

Bear Stearns licenses DerivaTech’s platform

News

...show more

UBS Warburg launches the FX Bottomline

News

...show more

360T launches several new features

News

...show more

BMO sets up Directline for FX

News

...show more

ForexMobile develops new application

News

...show more

Goldman Sachs develops online quote tool

News

...show more

ANZ releases new FX pricing product

News

...show more

Credit Agricole Indosuez sees volumes grow 10 fold

News

...show more

Reuters extends availability of its FX / Money Market Histories

News

...show more

JPMorgan continues to build a strong presence in eFX

News

...show more

Morgan Stanley enables FX STP for Hedge Funds

News

...show more

Deutsche Bank launches new trading solution

News

...show more

Merrill Lynch strengthens e-commerce offerings

News

...show more

SuperDerivatives adds retroactive functionality

News

...show more

The Royal Bank of Scotland International adopts Musketeer

News

...show more

Moneyline Telerate releases new version of Webstationâ„¢

News

...show more

Currenex enhances FXtrades service

News

...show more

ICOR Brokerage expands FX options service to North America

News

...show more

 

Cryptocurrencies – making the case for constructive regulation

Foreword

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

 

Culture change in FX? What a lot of noise!

Foreword

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

 

Formulating a new benchmark of FX Best Practices

Foreword

Increasing regulatory initiatives strive to capture, to master but also to govern most of the financial markets. One of them, the Foreign Exchange market, is still a mainly OTC (over-the-counter) one, which has been overcoming the ongoing economic and sovereign turbulences remarkably well. ...show more

 

Liquidity and stability or taxation and change the whole system?

Foreword

The global financial crisis has revived the discussion on a financial transaction tax as a means of discouraging international currency speculation, help shrink 'a swollen financial sector' and perhaps simply to raise funds as an international (or national) source of revenue. ...show more

 

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

Foreword

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

 

Looking forward to the next 50 years of ACI

Foreword

Godfried De Vidts, President of the ACI, looks at why 2005 is an important year for the ACI as it celebrates its 50th anniversary....show more

 

From ERM crisis to cyber trading.

Foreword

Heering Ligthart ponders whether the events of September 11 last year have acted as a catalyst for existing trends in the foreign exchange markets....show more

 

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

Market Infrastructure

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

 

The Middle East awaits Scottish referendum

Currency Clips

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

 

Latam FX – Tough going

Currency Clips

Simon Smith Chief Economist at FxPro...show more

 

Scandie currencies remain interesting to trade

Currency Clips

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

 

Spotlight on recent currency developments in China and Malaysia

Currency Clips

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

 

The zloty to retrace losses

Currency Clips

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

 

Reduce time-to-market and costs with LiquidityFX

Provider Profile

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

 

Eurobase Banking Solutions

Provider Profile

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

 

SEB

Provider Profile

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

 

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

Marketplace

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

 

Trends in the electronic cash Foreign Exchange markets

Marketplace

Jodi Burns outlines how the forex market is going through many of the exciting market trends seen in more developed asset classes such as equities and fixed income....show more

 

FX - Evolving towards an Exchange-like model?

Marketplace

Hugh Stewart uses a neat metaphor to compare the FX market place and its major participants to highly adaptable sharks, who have long remained unmodified and withstood competition....show more

 

FX regulation around the world

Regulatory Roundup

The past year has seen a great deal of change in the area of international Forex compliance. Although four years have passed since the Dodd-Frank Act became law, its repercussions continue to be felt. By the time the CFTC announced in May that it was extending relief for the second year in a row (with one commissioner expressing doubt that even the newly revised schedule was feasible), it was clear that real regulatory clarity was still a long way off....show more

 

FX Options – enhancing the pricing and execution experience of electronic platforms

Features

As advances in technology have meant that trading in vanilla FX options and structures is being more widely adopted, Frances Maguire looks at how pricing and execution on electronic platforms are now being enhanced....show more

 

Standing out from a crowd - how are FX e-commerce services being differentiated?

Features

Nicholas Pratt explores what it takes to rise to the top of FX e-commerce league tables and whether differentiation in e-FX can be more successfully achieved by delivering more client focused and less product focused products and services....show more

 

Sourcing and integration of historical pricing data for FX applications

Features

The demand for historical FX pricing data shows little sign of abating, with advances in technology and algorithmic trading in recent years driving matters. Roger Aitken canvasses industry opinion on how this trend is affecting the sourcing and integration of such data for FX applications....show more

 

Tracking new developments in currency derivatives processing

Features

Increasing numbers of banks, asset managers, pension funds, hedge funds, and corporates are looking to ramp up their use of currency derivatives, both for hedging purposes as well as a component of their fund and investment management strategies. Although great strides have been made in automating much of the processing and workflow associated with Over The Counter derivatives, much still remains to be done, particularly with regard to cost savings and risk management....show more

 

Navigating the communications minefield: High performance connectivity for High Frequency FX trading

Features

The Capital Markets landscape consists of a complete multi-asset, multi-partnered and multi-regional infrastructure in order to be profitable in today's market conditions. Trading execution venues, their participants and technology vendors must now all be at the front of technology advancements. However, the need to be in as many markets and to communicate to as many clients and partners as possible has made connectivity to market access a "mine field" of obstacles. In the second in our series on high frequency FX trading, Joe Hilt, VP of Sales, North America, Hibernia Atlantic, outlines some of the key issues facing FX trading firms who are planning how best to link their trading infrastructures to trading venues and what lessons they can take from latency, networking and trading connectivity developments in other markets....show more

 

Continuing innovation in exchange-based currency trading

Features

The world's futures exchanges continue to make in-roads into the biggest OTC market in the world and with recent regulatory discussions on the need for greater use of centrally cleared products, currency trading innovation continues to gather pace within the exchanges....show more

 

FX e-commerce in Shari'ah compliant currency trading - the new embracing the old

Features

Jim Nuzum CEO of GCC Markets, (www.gcc-markets.com) explores why there is growing demand for Shari'ah compliant FX trading solutions and how the latest FX e-commerce technologies can help address the needs of Islamic traders and investors. ...show more

 

Single bank FX platforms will they keep powering ahead?

Features

Despite new research showing a slight shift towards multi-dealer platforms, the demand for single bank portals, and relationship-based pricing, is still high, especially in times of crisis. Frances Maguire examines how the continued investment by banks in their platforms is ensuring they continue to grow. ...show more

 

Considering API’s: automated trading and FX Option platforms

Features

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

 

Transactional FX data: Powering improved granular research and analysis

Features

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

 

e-FX - The Pension Fund Manager perspective

Features

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

 

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

Features

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

IT Integration of FX Electronic trading platforms: the impact on the buy-side

Features

Kelly Adams looks at the proliferation of buy-side electronic FX platforms and how this is creating some major integration challenges on the IT side....show more

 

Extranets: Providing a secure framework for eFX

Features

Alan Schwartz considers the two basic network options for electronic FX trading, the standard Internet and secure Extranets....show more

 

Algorithmic trading – FX market perspectives

Features

Heather McLean gathers some industry views on the future of Algorithmic trading in the FX markets....show more

 

e-FX paves the road for FX Algorithmic trading

Features

The advent of e-FX has made Algorithmic trading possible in the FX world. Mitchell Mittman highlights the increasingly important role Algorithmic trading will play in FX....show more

 

API's boosting access to eFX solutions

Features

James Kemp takes a look at the growing importance of API's and the benefits that both buy and sell-side derive from them....show more

 

Real-time transactions, real life issues

Features

Brian Maccaba looks at how banks are approaching the challenges and opportunities of price-distribution in a new foreign exchange trading environment....show more

 

FX-e Commerce & beyond – Providing Treasurers with more than just execution tools

Features

For corporate treasurers, e-commerce is moving towards providing a holistic set of products and services. David Mallinder shows how this isn’t limited to just FX price discovery and execution....show more

 

How the FX e-commerce shopping basket is changing

Features

Mark Redwood describes how banks are now faced with a new set of decisions that will have significant impact on their future position in the marketplace....show more

 

STP and eFX: choices facing Fund Managers

Features

Ron Clarke examines what progress there has been in implementing STP solutions for electronic FX trading amongst Fund Managers. ...show more

 

The role of STP in facilitating eFX

Features

If eFX trading and STP is so great, why aren’t we all doing yet? Paul Hasenfus answers that full deal automation is extremely complex and therefore only certain eFX vendors have implemented a model for the entire market....show more

 

Corporate eFX trading – thoughts for the future

Features

What does the electronic FX trading market hold for the future? Peter Barnes and Jean-Luc Janet explore the implications for treasurers, banks and system suppliers....show more

Electronic Trading & Settlement practices.

Features

A view from The Foreign Exchange Committee on the issues facing market participants who replace confirmation messaging with trade validation from electronic front end trading systems....show more

 

Improving eFX trading risk system infrastructures

Features

Dr Nicholas Stewart outlines the requirements to accommodate multi-channel online trading as part of the risk management function....show more

 

eFX trading solutions in the Currency Overlay business

Features

Paul Duncombe and James Smith from State Street Global Advisors tell us about the positive impact of e-Trading on their business....show more

 

eFX – A catalyst for developing “one-stop” multi-product eTrading platforms

Features

The idea of trading different instruments over a single channel is intuitively attractive argues Gloriana Marks de Chabris. However, the management of credit, particularly in a multi-product, multi-bank portal environment, will be the key....show more

 

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

Liquidity Management

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

 

A Commanding view of FX

Platform Profile

Stefan Hamberger, Head of eFIC Sales at Commerzbank Corporates and Markets (C&M) talks to Frances Maguire about Commander, Commerzbank’s newly enhanced eFX platform, which gives users greater command and control over their FX trading....show more

 

Latin America

Regional eFX Perspective

Global trade, local politics and regulation are the factors that most influence electronic foreign exchange trading in Latin America, while south of the US border the market is as rich and diverse as the countries that comprise the region....show more

 

Regional e-FX Perspective on Australia

Regional eFX Perspective

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

 

Big Data - FX meets the challenge of a growing information tsunami

FOCUS

FX market firms are seeing a growth in trading volumes that is leaving their trading infrastructures struggling. Dan Barnes explores how, as legacy technology struggles to cope, new ‘big data’ systems offer faster, more reliable processing power....show more

 

DMA - an increasingly attractive toolset for the FX buy-side

FOCUS

The concept of 'Direct Market Access' (DMA) is a simple one and is yet another example of an invention that started out in the equities market and is now being adopted in the FX market. Nicholas Pratt examines the evolution of DMA and what it means for FX traders...show more

 

FX connectivity – the push towards a real-time environment

FOCUS

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

 

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

FOCUS

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

 

Making sense of the FX connectivity conundrum

FOCUS

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

 

FORUM: eFX : adding value to the investment management process

FOCUS

4 major players discuss the main issues ...show more

 

eFX & Asset Managers

FOCUS

FX Automation: It’s not about “electronic” it’s about “workflow” The key is for asset managers and technology providers to partner and leverage technologies says Richard Enfield which will help create an implementable workflow....show more

 

FX White Labelling

FOCUS

Anthony Edwards believes White Labelling presents an exciting opportunity for establishing and sustaining long term mutually beneficial relationships between banks, suppliers and their clients....show more

 

Auto hedging secondary FX exposure

The e-Forex Surgery

With Jonathan Cooper at TradingScreen...show more

 

FX White Labelling - questions from the sell-side

The e-Forex Surgery

Katrin Lütjens Senior Product Manager at 360 Treasury Systems AG (360T)...show more

 

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

Special Report

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

 

Collective Forecasting bringing the wisdom of the crowd to FX

Social Media

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

 

Reducing latency in FX – making the case for investing in new trading infrastructures

Forex Technology

The arms race in to deliver high-speed, automated trading requires a solid underlying technology architecture – but as Dan Barnes discovers, the multi-price, multi-market nature of FX makes this a complex task....show more

 

Evaluating the FX data issues for algorithmic trading

ALGOFX LAB

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

 

Technology - helping to meet the challenges of electronic FX

Fast Track

With Peter Kriskinans, Managing Director of DealHub, one of the leading providers of financial market software solutions....show more

 

360T Market Maker Cockpit: Delivering control

Spotlight

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

 

Automating FX Give-Ups in an Electronic Age

Spotlight

...show more

 

News Analytics - Capturing market opinion for high performance FX

Algorithmic FX Trading

As the use of machine readable news becomes more accepted among FX traders, Nicholas Pratt examines the challenges facing the providers of such services – from sentiment to speed to social media....show more

 

Achieving more rapid design and deployment of algorithmic FX trading strategies

Algorithmic FX Trading

Everything is getting faster, it seems. And the faster things get, the shorter they last. Whether this relatively unrefined truism can be applied to FX algorithmic trading remains a moot point but, as Nicholas Pratt discovers, it is clear that service providers are devoting an increasing amount of time to building tools that can help to speed up the construction process for FX trading algorithms – from design to development to deployment. ...show more

 

The next wave of FX Algorithms taking order execution strategies to another level

Algorithmic FX Trading

What will be the next wave of FX algorithms? Nicholas Pratt charts the development efforts of the leading algo providers to examine how execution strategies in FX can be taken to another level....show more

 

Tackling some FX Algo Misconceptions

Algorithmic FX Trading

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

 

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

Case Study

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

 

e-Forex talks with Bernd Hampele, Senior Project Manager, and Bernd Bublies, Head of Front Office at Heidelberg-based Heidelberger Druckmaschinen AG.

Case Study

e-Forex talks with Bernd Hampele, Senior Project Manager, and Bernd Bublies, Head of Front Office at Heidelberg-based Heidelberger Druckmaschinen AG. ...show more

 

Choosing a multi-product platform - Voices from the buy-side.

Case Study

...show more

 

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

Debate

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

Boutique prime brokers offering a far more customised FX service

FX Brokerage Operations

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

 

Switching a retail FX brokerage to the multi-platform model

FX Brokerage Operations

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

 

FX trade workflows and regulatory change

FX Mythbusters

New regulations mandating clearing of FX OTC products and trade reporting of all non-Spot trades will not only introduce the need to connect to central counterparties (CCPs), Swap Execution Facilities (SEFs) and Trade Repositories to the FX back office, it will also impact all aspects of the clearing workflow for FX derivatives. Nick Dyne and Keith Tippell, co-heads of MarkitSERV’s FX business debunk a few myths around just how much market participants will be impacted by the new regulatory landscape....show more

 

Options: The next chapter in eFX

FX Mythbusters

Within FX Options there are currently very few electronic trading systems used by customers. Christian Bruner outlines the reasons for this and the benefits that electronic execution brings....show more

 

Single bank platforms – offering clients innovative, multi-product capabilities.With HSBC, Barclays Capital, Wachovia, Calyon and Standard Chartered.

e-Forex Roundtable

5 major FX banks debate questions on this key topic...show more

 

FIX – aiming to improve the FX Trading process

Standards

Chris Pickles discusses how FIX will enable change and increased efficiency within the FX industry....show more

Top questions to ask when evaluating an MT4/Bridge solution

Viewpoint

By Andrew ralich, CEO at oneZero Financial Systems ...show more

 

Regulatory measures and real-time FX margining

Viewpoint

Mark Biezup, FX product Manager - SunGard Sierra, outlines why recent and projected regulatory changes along with a focus on risk management will have significant implications for FX brokers....show more

 

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

Viewpoint

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

 

Open Access and unbiased flexibility for Forex Traders sets RealTick apart

Viewpoint

Michael J. Felix Director of Marketing, Townsend Analytics, Ltd....show more

 

The role of Custodians in driving eFX developments

Viewpoint

A global custodian’s foreign exchange team is uniquely qualified to develop and deliver eFX solutions for the global investor. James Crossan describes the contribution they have made in driving eFX developments....show more

 

Liquidity Bridging - helping FX brokers to manage risk, capture business and improve customer loyalty

Retail e-FX Provider

Liquidity bridges are now seen as an established and crucial element in delivering electronic forex trading services. Heather McLean explores how they can also help FX brokers capture more business, increase customer loyalty and manage risk more effectively by streamlining the back office and making operations run in real time, a vital task given today’s rising retail trade volumes, and increasingly savvy customers. ...show more

Retail e-FX Provider

...show more

 

360° Consulting: A leader in business development services for the Retail FX sector

Retail e-FX Provider

360o Consulting is a consultancy based in Limassol, Cyprus (EU), which provides a variety of consulting services to the Retail Forex / CFD /Commodity investment services sector. Costas Constantinides, Director and Chief Consultant of the firm, highlights some of the key areas where the consultancy is assisting Retail FX market participants to develop their establishments and improve their business practices....show more

 

Taking steps to prepare for Disaster Recovery

Retail e-FX Provider

Eric Burgener Senior VP of Marketing InMage...show more

Achieving more effective Risk Management in Retail FX platform operations

Retail e-FX Provider

Faced with a need for more effective risk management of their Retail FX customer positions, banks and brokerage firms in the FX space are being challenged by ballooning small ticket items, varying customer credit limits, risk mitigation issues as well strains on their back office processing capabilities. Roger Aitken talks to leading industry players to explore the key issues involved....show more

 

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

Networks, Hosting and Connectivity

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

 

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

Networks, Hosting and Connectivity

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

 

ayondo – giving traders and investors access to Street Alpha

Product Review

Manuel Heyden, CEO and founder of ayondo GmbH, talks to e-Forex about why this social trading platform is proving so popular amongst the online trading and investment community....show more

 

UltiMT – an exciting new unified solution for MetaTrader traders and brokers

Product Review

Anthony Brocco, CEO of Advanced Markets, a leading provider of foreign exchange direct market access (DMA) services, talks to e-Forex about the launch of the company’s new technology, liquidity and credit offering, UltiMT....show more

 

cTrader – a turnkey Non Dealing Desk platform

Product Review

Spotware Systems is a financial technology provider that strives to put the interests of traders at the heart of all their product development decision making. e-Forex talks to Ilya Holeu, Managing Director, about cTrader and cAlgo, the company’s DMA, NDD and STP Margin Spot FX platform....show more

 

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

Recent Events

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

 

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

Recent Events

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

 

Anywhere, anytime - Retail FX goes seriously mobile

Retail e-FX Client

Heather McLean explores in what ways the more powerful native features of mobile devices are being exploited to deliver improved mobile FX trading solutions...show more

 

TMS Brokers: Offering a high class service coupled with proven technology

Retail e-FX Client

e-Forex talks with Mariusz Potaczala, CEO of Dom Maklerski TMS Brokers S.A. (TMS) one of the first financial advisory and brokerage institutions in Poland to specialise in currency and money market operations....show more

 

Service, innovation and security: taking key steps to improve the Retail FX trading experience.

Retail e-FX Client

Service, innovation and security are the three key areas for winning the hearts and minds of retail traders. But what do these smaller traders really want from their platform providers? Heather McLean sets out to explore what brokers are doing to improve the FX experience for the armies of retail traders spilling out of the woodwork across the globe....show more

 

Regional Retail FX perpectives on Central & Eastern Europe

Retail e-FX Client

The CEE generally refers to the group of "Central and Eastern European" countries, formerly called the Eastern Bloc during the Cold War. These include Albania, Bosnia and Herzegovinia, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Macedonia, Montenegro, Poland, Romania, Slovakia, Slovenia, Serbia and, though it was never in the communist Eastern Block as such, Turkey. Recently, eForex interviewed Karol Piovarcsy, head of the newly opened Saxo Bank branch office in Prague, and Vladimir Kisyov, Head of Business Development at Deltastock in Sofia, Bulgaria about the growth and prospects from their perspectives for FX in this region. ...show more

 

Social networking helping to get Retail FX traders together

Retail e-FX Client

Social networking has now come of age in the consumer market, with the likes of Facebook, Twitter, Bebo and LinkedIn all attracting record numbers of members. Heather McLean explores how this maturing technology has now given rise to increasing interest in social networking for retail FX users, with added trading tools, charts, news feeds and forums to maximise the benefits for end users. ...show more

 

ParFX Prime

Product Launch

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

 

“Going Automated” Strategies and Systems

Retail Forex Client

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

 

Banking on numbers: Making strategic moves into Retail FX

Retail Forex Client

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

 

Historical Testing - Leveraging online tools for more consistent FX Trading

Retail Forex Client

Scott Owens examines how automated trading systems now allow the trader to construct custom strategies for attacking the market with consistency and discipline....show more

 

CME FX on Reuters - Combining the best of two worlds

Retail Forex Client

Rick Sears examines the potential impact of bringing the two largest pools of buyers and sellers into one unified trading environment....show more

 

Transformation of the Foreign Exchange Industry Is it finally happening?

Expert Opinion

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

 

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

Broker Profile

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

 

JFD Brokers

Broker Profile

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

 

Valbury Capital – bringing traditional service values to FX brokerage

Broker Profile

e-Forex talks with Mark Hanney, CEO of Valbury Capital, an FSA regulated brokerage firm operating from a London base....show more

 

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

Traders Workshop

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

AFX Capital - combining technology, experience and dedication to customer service

In the chair

e-Forex talks with Manuela Mazzacco, CEO of AFX Capital....show more

 

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

e-Forex Interview

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

 

RBS - leading the way with integrated electronic FX solutions

e-Forex Interview

e-Forex talks with Michelle Neal, Global Head of electronic markets at The Royal Bank of Scotland about the consolidation of the banks' electronic platforms and the continuing development of its best of breed FX e-commerce solutions and e-trading tools....show more

 

With Andrew Kidd, Executive Director, European Head of FX eClient Development at Abn Amro.

e-Forex Interview

Andrew Kidd Executive Director, European Head of FX eClient Development at Abn Amro...show more

 

With Lars Seier Christensen CEO of Saxo Bank

e-Forex Interview

Lars Seier Christensen CEO of Saxo Bank...show more

 

Improving connectivity between the trader and the market

Log-Off

...show more

 

CCTrack Solutions

Tradertalk

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

 

QFS Asset Management - taking a unique view on the business of managing money

Tradertalk

e-Forex talks with two new members of QFS Asset Management, Karlheinz Muhr, CEO and Jim Conklin, Ph.D., Head of Research. QFS is a leading asset and risk management firm based in Greenwich, Connecticut, USA....show more

 

With Ian Naismith, co-Principal at Sarasota and co-Manager of The Currency Strategies Fund (Ticker: FOREX)

Tradertalk

...show more

 

TraderTalk

Tradertalk

With Kristian Siggaard-Jensen...show more

 

Eurex: Combining the best of both worlds

FX on Exchanges

Reny Morsch ...show more

 

LMAX Exchange: Spotting the difference

FX on Exchanges

David Mercer ...show more

 

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

FX on Exchanges

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

 

CFH Clearing is helping brokers to grow

Sponsored Statement

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

CommexFx - working to provide a better FX trading environment

Sponsored Statement

...show more

Gold-i Gate Link – A unique real-time back office integration product

Sponsored Statement

Leading trading systems integrator, Gold-i has risen to the forefront of the industry by spotting gaps in the market and developing products for which there is a genuine need amongst brokers....show more