Articles by Kathy Alys
Axa IM to move FX execution to TradingScreen as it phases out FXall
Axa Investment Managers aims to be live for FX on TradingScreen TradeEMS in two months’ time, having decided it needed more sophisticated tools than it was getting from FXall
Management changes announced at Oanda, Gain Capital and speculated at CMC Markets
Retail-focused trading companies shift strategies to new market and regulatory environment, while Cruddas tipped to return to chief executive post at CMC Markets
Saxo Bank launches FX prime brokerage for institutional clients
The Danish bank will launch FX Prime on January 23, having developed the service in collaboration with MarketFactory
DTCC forex repository hits launch deadline, despite bank delays
The DTCC has today launched its global trade repository for FX in line with CFTC deadlines, although dealers now have until February 28 to begin reporting
Participants encouraged by Thomson Reuters’ FX management changes
Phil Weisberg, who has been appointed global head of FX at Thomson Reuters, is widely seen as a strong appointment but will face challenges in his new role, say senior traders
Mifid delays cause frustration in OTC markets
Delays from the Council of the European Union in finalising its stance on the Mifid review mean the crucial trialogue negotiations are unlikely to commence before the second quarter, much to the frustration of market participants
LMAX management team buys majority stake from Betfair
Management buyout will give LMAX Exchange the necessary flexibility to evolve into a leading FX venue within three to five years, says chief executive David Mercer
FX Week Europe video: The challenges of FX in 2013
Senior market participants, including David Puth from CLS and Record Currency Management's Neil Record, speak to Kathy Alys about the major challenges of 2012, and their hopes for 2013
Global co-head of spot to leave Deutsche
Greg Knight, Deutsche Bank's global head of FX spot, is leaving the bank and will be replaced internally with immediate effect
ADS Securities targets HFT with new FX platform
New platform white-labels FlexTrade's systems and is pitched to high-frequency and high-volume traders
GFT exits retail FX in US and Japan
Retail broker remains in a strong financial position with sufficient regulatory capital, says chief executive Gary Tilkin
FX Week Europe: Op risk requires greater focus in FX post-Sandy
Investment in business continuity and the robustness of electronic platforms is increasingly important in the light of Hurricane Sandy, say conference speakers
Low volatility driving FX turnover down, says Bank of England FX chief
Speaking at the FX Week Europe conference, Michael Cross explains why turnover in FX spot is declining for the first time in a decade
Europe not obliged to follow US on FX exemption, warns senior MEP
The European Parliament's position on FX is that it should be included in the scope of organised trading rules under Mifid, vows Markus Ferber MEP
BMO holds Canadian dollar award for second year running
Bank of Montreal has been at the forefront of efforts to capitalise on the rising international interest in the Canadian dollar
HSBC cleans up in emerging Asia and Emea
A strategic coverage in key emerging markets, coupled with its ongoing focus on onshore and offshore renminbi trading, has landed HSBC with a string of awards this year, including both emerging Asia and Emea
Icap lands emerging markets award as NDF volumes grow
Icap has topped the spot-broking category once again and has also picked up the award for best broker in emerging markets, in recognition of its strength in NDFs
BNP Paribas hires in sales and strategy in New York
Three new hires to the FX team at BNP Paribas, from Morgan Stanley, Credit Suisse and Wells Fargo
EBS volumes hit multi-year low in October
Trading volumes on both EBS and Thomson Reuters fell even further last month, but some traders are expecting a pick-up in volume now that the US elections are over
Banks rethink clearing structures under CFTC pressure
CFTC rules on conflicts of interest mandate clearer separation between OTC clearing and execution, prompting some banks to restructure their operations
Forex TCA heads into pre-trade sphere
Banks are increasingly offering pre-trade transaction cost analysis in an effort to help their clients better understand how to ensure best execution prior to committing to the trade. Kathy Alys reports
Hotspot FX takes a hit from Hurricane Sandy
A power outage at Knight Capital's New Jersey headquarters yesterday forced Hotspot FX to request that clients divert business to other platforms
Danske hires FX bank sales head
Ex-Barclays salesman will start at Danske on January 1, reporting to Niklas Karlsson
UBS veteran takes top FX sales role at RBS
After a year-long break from the industry, Ed Hulina joins Royal Bank of Scotland to head up FX and emerging markets sales in the Americas