August 2021

ELECTRONIC FX
Is the current model sustainable?

RISK MANAGEMENT
Accelerating to smart treasury

EVALUATING FX ALGOS
The need for common analytics infrastructure

COMBINING FX DATA & ANALYSIS
Delivering insights to preserve alpha

PROVIDER OF THE MONTH
Bloomberg looks to take the lead in shaping the client e-FX trading experience

COVER INTERVIEW
MICHAEL SIWEK
Founding Partner, DMALINK



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In this issue

Increased electronification, higher costs, and lower yields for LPs: How will FICC markets evolve?

All market participants desire efficient markets and low cost risk transfer. Electronification has seemingly offered a path to achieving this. However, is the current model unsustainable? Vivek Shankar investigates. The financial markets have evolved constantly since their inception. The advent of electronic trading ushered in an era of efficient execution and tightening top-of-the-book liquidity. Common […]

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Why you need independent data to differentiate between execution processes

All transaction costs can be more accurately defined as search costs.  In over the counter (OTC) markets, such as Foreign Exchange, the fair price is hidden.

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The inexorable rise of FX Algos

By Brendon Bigelli, EMEA Spot & Algo Specialist at 360T Arguably one of the most consistent trends within the FX industry in recent years has been the growing adoption of execution algos amongst market participants. This has been driven by a number of different factors. For instance, in a market where liquidity is heavily fragmented, […]

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Digitally enabling risk management: Accelerating to smart treasury

By Yi Hahn Chin, Head of eFX Solutions – EMEA, Corporates at Citi, and his colleagues Erik Johnson, Dr. Duncan Cole, Kelvin Ang and Ray Pereira.

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Bloomberg: Taking the lead in shaping the client e-FX trading experience

Bloomberg is a pioneer in supporting the growth and evolution of electronic trading in FX. e-Forex spoke to Tod Van Name, Global Head of Foreign Exchange electronic trading at Bloomberg…

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DMALINK – A very smart operator looking to disrupt the FX status quo

e-Forex spoke to Michael Siwek, Founding Partner of DMALINK to gain an insight into how an idea drawn up 7 years ago on the back of a paper napkin is shaping out to overhaul the FX ECN model for the buy-side and challenge the status quo of double charging, reporting inefficiencies, and costly use of credit. Since its launch, DMALINK has undergone significant transformations from operating an FX agency to a data-centric platform with a unique ECN-model, delivering benchmarked trading services that enable market makers to price buy-side clients at $0, blended with upcoming AI-powered liquidity management and anomaly detection across spot, forwards, futures, and NDFs

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Obermind – Taking platform development to the next level

Alexander Talei is the Founder of Obermind, a fast growing quantitative research and technology development firm which has set out to help financial technology and trading firms to build, deploy and scale on its new platform. We asked him to tell us more about this venture and the toolsets and robust infrastrature Obermind is building […]

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Evaluating FX algos: the need for common analytics infrastructure to enable better decision making

Usage of foreign exchange algorithmic execution has grown steadily.  Emerging in the FX market in the early-2000s, the adoption has been especially active over the last decade.

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Combining FX data and analysis gives asset managers insight to preserve alpha

Everyone now knows the value of “big data.” However, as with everything that is perceived to have some value, owners have quickly become protective. Some FX platforms are disrupting this trend, realising that the power of data collection from varied sources can enhance the decision-making process and Alpha opportunities for both buy- and sell-side clients.  […]

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