e-Forex Magazine January 2020
CRYPTOCURRENCIES & DIGITAL ASSETS
What needs to be done to unlock their full potential?
BENCHMARKED EXECUTION
Encouraging participation
FX ORDER MANAGEMENT
Accessing mission-critical solutions
FX ETRADING
Data-driven intelligent architectures
HFT NETWORKS
How to give them the edge
RETAIL CFD TRADING
Mapping the regulatory landscape
COVER INTERVIEW: MARC BAYLE DE JESSÉ
CEO of CLS
Cryptocurrencies, digital assets, and digitization of existing assets represent the next massive shift in the evolution of money and, more generally, value; these technologies could potentially create the next multi-trillion-dollar opportunity set....show more
In 2013 investor confidence, still reeling from the effects of the ’08 crash and the Greek debt crisis was dealt another blow. Revelations emerged of egregious cheating and shady goings on in two of the world’s most widely used FX benchmarks: the ECB fixing rate and the London 4pm Fix . This prompted a lot of serious debate and culminated in a number of related initiatives including but not limited to a Financial Stability Board special working group on FX benchmarks, the UK government’s Fair & Effective Markets Review and the Global FX Code....show more
The FX market continues to evolve through structural change, regulatory reform, and new technology and no organisation has contributed more to the growth of this market than CLS. Launched in 2002, CLS now has more than 25,000 third-party participants also using its services, and settles USD5.5 trillion of payments on an average day. We spoke with Marc Bayle de Jessé to learn more about his plans for the future and how he intends to build on the legacy of a company that has transformed FX with its innovative approach to multilateral netting and settlement....show more
Rapidly changing dynamics around regulation, credit requirements and new technologies make the focus on operational efficiency as important as supporting customer needs. Making the most of limited resources through strategic decisions about how to scale your business, where to invest and whether to outsource or build in-house can make or break the bottom line....show more
One new question on the 2019 tax return has created a buzz: “At any time during 2019, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency?” After 5 years of IRS silence on crypto issues, that’s a big question to ask from the perspective of the crypto community....show more
What key features should banks be looking for in a state-of-the art FX OMS? ...show more
In the past 60 years, information technology has evolved on a one decade- long innovation cycle. A new cycle has started, which is centered around Data and Artificial Intelligence / Machine Learning and is forcefully gaining momentum...show more
Articles on retail brokerage regulations often discuss how complicated and fraught the space can be. Perhaps it’s a testament to the maturity of the retail FX/CFD industry that this isn’t really the case any longer. In fact, if there is a trend to be observed......show more
When financial market participants set their network strategies, much of their focus is around the main mode of communication. In the ‘race to zero’ latency, how big an advantage does a microwave network provide,...show more
Gold started 2020 on a positive footing with the price rising more than 2% in the first two weeks of the year. This rally is a continuation of the 18% rally that happened in 2019. The question among investors is whether the current rally can continue....show more
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