Christian Bock, managing partner of Consulting for Banking and Brokerage Solutions (CBBS) in Zurich, looks at the benefits of using a white-labelled platform and the issues to consider when choosing one
Happy new year (belated)! As we enter the new year the regulatory environment remains a key issue driving development, most recently in the form of the CFTC attempting to assert its authority on the US off-exchange retail forex market.
David Poole, chief operating officer at client strategy company Clientknowledge in London, discusses liquidity management
The changing paradigm of the foreign exchange markets might create a new set of pressure points for the industry that need to be addressed, warned delegates at the FX Week Asia congress in Singapore last Tuesday.
It might have been the timing of this year's FX Week USA congress, but an underlying theme that seemed to resonate was the need for the foreign exchange industry to lobby to prevent FX being swept up into the central counterparty clearing storm.
Olgay Buyukkayali, foreign exchange strategist for Nomura in London, explains why now is a good time to buy EUR/CHF
The foreign exchange business was a clear outlier in what has been a historic year for global financial markets. But no single entity experienced as significant a reversal of fortunes as a result of the market turbulence this year as settlement system...
Regarding FX Week 's magazine and website article ‘CLS on shaky ground with third-party providers', which was published on December 1, the article cites a factually incorrect rumour: "JP Morgan has requested some third-party clients to seek out alternative...
Retail foreign exchange continues to be a beacon of light for wholesale FX banks, as they push ahead with plans to expand initiatives into next year.
The foreign exchange industry is set for a shake-out next year as re-pricing of risk forces change in the make-up of the industry.
Felix Shipkevich, general counsel at CMS Forex in New York, highlights the difficulties of applying similar regulations to retail foreign exchange and the exchange-based commodities and futures markets
One area of the foreign exchange market that appears to be continuing on a healthy growth trajectory is retail FX trading, according to research released last week.
"Don't panic, but be fearful" was the message at this year's FX Week Asia Congress, held last Tuesday (October 21) in Singapore.
Despite inconsistent liquidity since mid-September, volumes at major trading platforms continue to remain buoyant.
With concern over counterparty credit risk at such elevated levels, some question what this will ultimately mean for the smaller banks out in the market-place.
The reality is that, when a bank collapses, an opportunity is created for others to pick up its business. In the past week, evidence has emerged as to who is winning Lehman Brothers' foreign exchange client base.
UBS practically swept the leader board in the currency category of FX Week sister publication Risk 's 2008 interdealer survey released last week.