Pricing
SuperDerivatives releases SDX
LONDON - SuperDerivatives is migrating customers to its new multi-asset front-office system, SDX, on October 10, David Gershon, chief operating officer at SuperDerivatives in London has told FX Week.
15 minutes with: Stacy Williams, HSBC
Senior quant discusses the high levels of cross-asset correlation across today's markets
GFI Fenics in end-to-end FX options automation
GFI Group aims to transform the electronic FX options business by automating the entire workflow process of pricing, risk management, bilateral trading, structuring and sales, through version 12.1 of Fenics Professional.
FX - After the trade is made: the future of the CLS relationship
How will CLS fare as new regulations take hold? Olaf Ransome, director at forex operations consultancy, 3C Advisory in Zurich examines the future for the FX infrastructure
Retail brokers evolve to meet regulation
NEW YORK - Retail brokers in the US continue to shape up internal business practices to abide by best practices introduced by industry regulator the National Futures Association (NFA).
MAS approves SMX for commodities and currencies
SINGAPORE – The Monetary Authority of Singapore (MAS) has granted final approval to the Singapore Mercantile Exchange (SMX), to operate as a regulated and licensed exchange.
UBS nabs BarCap trio in e-FX
LONDON - UBS has hired an electronic algorithmic trading team from Barclays Capital (BarCap) in London, according to an internal announcement today (July 27).
EBS chases competition with decimalisation launch
NEW YORK - EBS's plans to offer decimalisation at the end of August could lead to a fall in market liquidity, caution traders.
FXall gains Prime client in Japan
TOKYO - Tokyo-based retail forex broker FX Prime Corporation began using FXall’s graphical user interface-based trading platform to access liquidity last week (June 10).
New rules for new markets
It’s all about the emerging markets managing their exposure to the eurozone. Last week, Hong Kong and Malaysia also moved to offer a common bond-settlement system.
Commerzbank in e-FX build
Commerzbank is deepening its footprint in the electronic foreign exchange market with key appointments in London.
Euro to continue decline
LONDON – Analysts are predicting further euro weakness, expecting the unit to return to 1.2135, with the short covering correction be short-lived.
Hotspot extends reach
JERSEY CITY, NJ - Agency broker and market-maker Knight Capital Group has connected foreign exchange and fixed-income trading platforms - HotSpot FX and BondPoint, respectively - to the Secure Financial Transaction Infrastructure (SFTI) network from NYSE…
Non-banks drive up Hotspot volumes
JERSEY CITY, NJ - HotspotFX reported a 107.9% rise in average daily volumes to $35.2 billion - double count - in April, versus $16.9 billion last year.
Why aren’t the Greeks using CLS?
A lesson learned from the Lehman Brothers bankruptcy was that, at times of stress, CLS plays a central role in ensuring forex traders are protected. It seems surprising then that only one Greek bank is using the settlement system.
Traders prep for more euro troubles
LONDON - Options markets are pricing in further euro downside risk, despite expectations a multibillion euro bailout package for Greece will be unveiled soon.
Data availability lags behind market growth
TORONTO - Limitations on the availability of market data is one of the biggest challenges to growing buy-side volumes, said speakers at the FX Invest North America congress in Toronto last Tuesday (April 13).
DealHub releases FX liquidity aggregation GUI
LONDON - Two banks are evaluating a foreign exchange liquidity aggregation graphical user interface (GUI) developed by OCL Computers, being marketed broadly by the vendor today, officials have told FX Week.
White-labelling: Why re-invent the wheel?
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
Ta Chong Bank to implement FinIQ structured products solution
TAIPEI - Ta Chong Bank, Taiwan (TCB) is going live with technology from FinIQ to manage currency-linked investment products sold through its treasury and branch network.
SuperDerivatives builds out exotic options
SuperDerivatives adds to its exotic options offering.
Barclays Capital realigns FX prime brokerage
UK bank outlines ambitions for growth