Trading Systems
Hotspot acquisition to be transformative for Bats
New Bats chief executive outlines ambitious plans for Hotspot in open letter
EBS Select goes live with beta
March 24 sees first trade completed on the broker's third liquidity pool
FastMatch to waive non-last look fees in 2015
The spot FX platform wants 60% of its liquidity to be non-last look and is offering brokerage-free access until the year end
Russell and Integral launch buy-side trading tool
Both companies hope to solve benchmark execution for investors
TradAir appoints Lewis and receives $15 million boost
Long Ridge Equity Partners becomes a new investment partner in TradAir while the company appoints a new chairman
Mandelzis sees competition increasing in 2015
EBS chief executive expects the trading landscape to become more competitive and lead to consolidation
Hotspot a good buy for exchanges, says co-founder
Exchanges are likely to be interested in KCG's Hotspot to help them build out their FX business, says Steve Reich of Global Trading Systems
EBS volumes hit record high for 2014 on October 31, topping $200bn
The company records flows of $250 billion on the last trading day of October
Hotspot a good buy for exchanges, says co-founder
Exchanges are likely to be interested in KCG's Hotspot to help them build out their FX business, says Steve Reich of Global Trading Systems
EBS is no longer a one-trick pony
EBS CEO Mandelzis and Darryl Hooker, head of EBS Market, say the platform is poised for growth as it moves away from a one-trick pony approach
Need for surveillance accelerates amid scandals
Scandals in various asset classes highlighted the need for greater surveillance on trading systems, says David Hesketh, chief operating officer of the Financial Skills Division of Markit
EBS reshuffles management team as volumes tank
EBS Market remains a key focus for the broker, chief executive Gil Mandelzis tells FX Week
Trade surveillance comes with a hefty price tag
Costs subject to rate and volume of transactions, and number of locations
Lucera launches FX trading platform
Clients have separate servers to avoid crowding and improve failure management
Nordea teams up with Caplin for single-dealer offering
Nordea Markets chooses Caplin Systems' Liberator service for its single-dealer platform
Trade life-cycle monitoring migrates to FX
A new breed of monitoring and surveillance technology arrives in FX
Thomson Reuters Matching suffers outage; trading unaffected
Customers were unable to test their connections to one of the main currency trading platforms due to a technical glitch
EBS Direct suffers outage, trades unmatched overnight
Glitch started in Asian trading but did not affect EBS Market platform
Lab49 unveils platform partnership with UBS
Technology consultancy has been working with UBS on its Neo platform since 2010, the firm reveals today
DealHub names Jyske Bank on FX Distribution Hub
FX technology firm DealHub publicly announces a second bank using FX Distribution Hub, following on from Commerzbank in September
Gain GTX gathers momentum as it awaits Sef licence
Gain Capital's institutional platform reached average daily volume of $20.4 billion in November, a year on from the appointment of Joseph Wald to run the platform
Perspectives on 2014: Simon Wilson-Taylor, Molten Markets
Algorithmic execution might have seemed implausible in the FX market a few years ago, but this will be the year when the market structure shifts further in a direction that favours algos, says Molten Markets chief executive Simon Wilson-Taylor
Perspectives on 2014: Simon Jones, Mako FX
This will be a year when banks face up to the reality of regulation, constraining their ability to innovate and provide consistent liquidity, but there is an opportunity for regional banks to gain an edge, says Simon Jones, managing partner at Mako FX
Perspectives on 2014: Roger Rutherford, ParFX
With 12 banks now trading on ParFX as members, the platform will open up to the buy side in the coming months, which will test the strength of its business model and trading rules