Electronic trading
Standard Bank scoops inaugural rand award
A focus on market-making into as many liquidity pools as possible has won Standard Bank recognition as best bank for the South African rand
Barclays keeps the lead in London and sterling crosses
UK bank remains best bank for FX in London, as well as GBP/USD and EUR/GBP, in this year's survey
EBS Direct launch could reverse volume decline, say participants
The full launch of EBS Direct opens up a new market segment that could be an opportunity to claw back market share lost in recent years
ADS Securities rolls out multi-asset platform
New platform Orex Optim has now fully launched after two years of development and six months of testing at the Abu Dhabi-based firm
BNP Paribas loses e-FX strategy chief
Martin Zinkin departs the French bank after little more than a year
SEB closes voice trading desk in New York
Increased demand for electronic trading in the US has driven the Swedish bank to close its New York voice trading desk, at the cost of three jobs
Aligning Deutsche with the complex needs of corporate clients
A year on from a major internal restructure to focus on electronic trading across asset classes, Deutsche Bank's corporate FX sales heads explain how their business has changed
KCG Europe loses chief executive
Robert Smith departs the recently merged company in Europe
Banks eye new protocol to streamline platform connectivity
A working group backed by seven banks is looking to create an automated protocol to streamline the process by which clients connect to FX trading platforms
Barclays appoints Cartledge to head new e-Ficc team
Management changes at Barclays globally after Cartledge takes on role leading the bank's new electronic Ficc trading team
Portware to launch automated FX hedging tools
Trading software vendor launches new FX capabilities as it expands into increasingly electronic marketplace
EBS and Thomson Reuters urged to rethink credit methodology
FX prime brokers say measurement of open positions on a gross rather than net basis exposes them to additional risk and reduces the effectiveness of controls such as the kill switch
Oanda acquires Currensee copy trading platform
FX copy trading platform will strengthen Oanda's product offering
High-frequency firm AienTech shuts up shop
Technology-focused hedge fund made its mark in FX as a top provider of volume to bank platforms
Molten Markets appoints COO from State Street
John Vause ends more than 13 years at State Street to head operations at the new vendor
FastMatch signs with TMX Atrium for low-latency connectivity
Start-up spot FX platform joins network to lower transatlantic latency and leverage global coverage
FX market will be 70% electronic by year-end, says Aite Group
New research estimates 60% of FX is electronic today, rising to 70% by year-end but there will still be a place for voice trading
Portware loses head of product strategy
Harrell Smith has left Portware after six years to join Lab49 in New York
FX platforms encouraged to consider liquidity enhancing pricing models
A proposal made to the FX Joint Standing Committee in July 2012 for a per-order fee that is rebated in proportion to actual executed volume has garnered support among market participants
Future of e-FX will be cross-product, says Citi’s Bibbey
Richard Bibbey, Citi's new head of e-FX trading, believes the landscape is changing and successful banks will be those that can leverage technology across products and asset classes
FX platform pricing needs a rethink, say banks
Greater transparency on fees at some new trading platforms is a welcome development, with banks calling on incumbent platforms to rethink their fixed costs, as well as the discounts they offer to incentivise volume
Compressed margins put tight squeeze on FXPB
The combination of rising costs and increased competition in FX prime brokerage has led to a squeeze on margins, but as the business attracts a wider range of clients than ever before, there is still clear demand for those that can afford to keep…
SEB veteran Dubajic moves to Aphelion
Electronic FX salesperson Henrik Dubajic departs after almost 20 years at the Swedish bank
Most innovative bank e-trading platform: BNP Paribas
BNP Paribas developers looked outside the world of finance for inspiration when developing Cortex FX, and the new platform’s functionality has won widespread plaudits from clients