He enjoyed more Martinis per pound than any of his successors
Limiting response time for market-makers may become outdated method
Signs may be appearing of a maturing market
As FX Week celebrates its 25th anniversary
Participants concerned by sudden moves in currency markets
Chris Concannon, president and CEO of Virtu Financial
Transaction cost analysis is growing in importance in the FX market, supported by healthy interest from the buy side. But FX may be playing catch-up on TCA in other asset classes for quite some time
The use of last look orders by liquidity providers is coming under more scrutiny, as some participants allege banks are gaining unfair trading advantages over buy-side firms from the practice. Are these concerns justified, and how can the industry respond?
With volumes of G-10 currencies dipping, banks are switching their focus to over-the-counter emerging market flows. But while there has been growth on this front, all is not rosy in the garden – dealers are struggling to get EM trading algorithms off...
FX investigations and lucrative pay lure FX traders to the buy side
E-trading figures not entirely reflective of market, claim traders
As the six main FX committees prepare to release the results of the latest semi-annual FX turnover surveys this week, Joel Clark looks at volume trends in the industry over the past three years
Recent developments in digital currencies are presenting opportunities for new platform providers
As banks and investors cast their bets on the major currency movements to watch out for in 2014, FX Week presents the highlights of forecasts for the dollar, euro, yen and EM currencies
Corporate treasurers have been facing up to the increased costs of hedging as their bank counterparties deal with regulation, but some say rising credit charges are driving them to revert from electronic platforms to voice trading. Joel Clark and Miriam...
As the internationalisation of renminbi continues to gain traction, buy-side engagement in the currency varies significantly across geographies and sectors
Despite an overseas person exemption that allows recognition of CFTC-approved swap execution facilities in the UK, Sefs could face significant delays before they can legally operate in other non-US jurisdictions
The high cost of operating in prime brokerage is the biggest challenge for less-established players looking to gain market share
The weeks leading up to the October 2 deadline for registration as a swap execution facility (Sef) under the US Dodd-Frank Act have seen a wave of new platforms receive approval from the Commodity Futures Trading Commission (CFTC). Robert Mackenzie Smith...
Indian authorities appear likely to mandate clearing of FX forwards while China is looking at clearing spot, leading to concerns over the potential for cross-border inconsistency on FX clearing
Regulators have set their sights on high-frequency trading, but some participants believe the industry is already changing
Banks are preparing for a return of investor appetite for FX forwards, driven by the prospect of interest rate hikes, but some face challenges when it comes to expanding their teams as a result of the Libor scandal. Michael Watt reports
Several banks and platforms have backed both of the new pre-trade credit hubs that handle credit screening and clearing certainty, but MarkitServ and Traiana are now locked in a race to sign up more participants
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