Feature
Electronic FX trading in Asia may switch to multi-dealer platforms
The Asian FX derivatives business is expanding rapidly, driven by increased participation from financial institutions and hedge funds. While single-dealer platforms have increased market share over the past few years, incoming regulation could force FX…
Taking stock of 2011: Technology
Upgrading forex trading systems to prepare for regulatory change or simply keep pace with competitors has been a key trend of 2011 for all participants. In the final part of a series of articles taking stock of the year so far, Miriam Siers and Chiara…
Taking stock of 2011: the buy side
Central bank intervention, volatile markets and forthcoming regulation – hedgers and investors in the FX market continue to face some real challenges. Chiara Albanese and Miriam Siers hear their views
Taking stock of 2011: Regulation and clearing
The Group of 20 meeting in September 2009 laid out a set of requirements on clearing, trading and reporting of OTC derivatives. Two years on, plenty of progress has been made – but a number of outstanding issues remain. By Chiara Albanese, Farah Khalique…
Afme: From advocacy to implementation
Set up in June 2010 as the mouthpiece of the FX industry as regulators reshaped the derivatives landscape, the mandate of Afme’s global FX division is gradually changing from one of pure advocacy to one of implementation. Miriam Siers talks to the…
Taking stock of 2011: Volatile trading
The challenges already thrown at the FX market in 2011 have been multi-faceted, ranging from a tough trading environment in major currency pairs to the preparation for new trading and clearing regulations. In the second of a series of articles taking…
Taking stock of 2011: the euro
The challenges 2011 has already thrown at foreign exchange market participants have been multi-faceted, ranging from a tough trading environment in major currency pairs to the preparation for new trading and clearing regulations. In the first of a series…
Focus on: Remuneration
The UK Financial Services Authority implemented its revised Remuneration Code at the start of this year, putting new rules in place around salaries, bonuses and retention payments. Joel Clark talks to Andrew Young, a solicitor in the employment practice…
Best liquidity distribution system: Saxo Bank
Saxo wins liquidity distribution award after adopting a prudent approach to sourcing the best liquidity for its white-label offering
Achievement award: Phil Weisberg
FXall's chief executive wins the 2011 e-FX achievement award in recognition of his contribution to the industry over the past decade
Best liquidity management system: TraderTools
TraderTools wins liquidity management award for its exclusive focus on FX and strong growth over the past year, including the launch of LightFX in partnership with Citi in April
Best retail platform: Citi
Citi wins top spot in retail category, in recognition of the success and growth of CitiFX Pro since its launch in 2008
Best vendor algorithmic trading technology: Thomson Reuters
Thomson Reuters scoops the algo award, following the acquisition of Aegisoft in 2010 and the subsequent launch of Thomson Reuters Dealing Aggregator in May this year
Best bank algorithmic trading technology: Credit Suisse
Credit Suisse's Advanced Execution Services for FX continues to innovate in algo trading and has put a particular focus on helping clients understand and manage their costs
Best professional e-trading venue: Hotspot FX
Hotspot FX wins the award for best professional e-trading venue, in recognition of surging volumes and a number of new initiatives aiming to appeal to different client segments
Best vendor for post-trade services: Traiana
Traiana wins the vendor category for post-trade services in recognition of the multiple initiatives it has launched to tackle the challenges experienced in the FX market
Vendor e-FX initiative of the year: CLS and Traiana
CLS Aggregation wins the vendor award, having become a crucial piece of the FX market infrastructure since its launch in January 2010
Bank e-FX initiative of the year: Société Générale CIB
SG CIB scoops the e-FX initiative award for Alpha FX, a single-dealer platform it began designing two years ago and launched in late 2010
Most innovative bank e-trading platform: JP Morgan
MorganDirect wins the award for innovation, having always sought to offer clients something more than just tight pricing, according to the bank's global head of e-commerce
Best trading technology vendor: Integral
Integral nails trading technology award in recognition of the increasing success of its cloud-based products in the FX market over the past year
Best electronic broker: EBS
Icap Electronic Broking has consistently introduced new innovations to meet the demands both of manual and high-frequency traders, says chief executive David Rutter
Best bank post-trade services: UBS
UBS wins the post-trade services award after investing heavily in CRM tools and prime brokerage over the past year as part of its preparation for new regulations
All in accord on high-frequency risks
In late June four prime brokers and six ECNs allied together in a major new initiative to better monitor and manage the risks posed by high-frequency trading in the FX market. What motivated the collaborative effort? Farah Khalique reports
FX Invest: Implications for collateralisation under new CCP model
Saima Farooqi looks at the wave of upcoming regulations relating to central counterparty clearing, and what it means for collateral management