Phased approach delivers rapid tech benefits
In an environment where technology is constantly evolving and customer preferences can change rapidly, Caplin’s agile approach to project development enables banks to see a rapid return on their...
View ArticleMobile trading on the move says survey
After some unexpected results in 2017, the latest survey of FX traders conducted by JP Morgan reveals a level of enthusiasm for mobile trading that more accurately reflects what we have seen in the...
View ArticleTop tier FX Platforms Mar 16: Reported weak results, EBS volumes sharply...
In terms of Spot FX, all the major platforms delivered lower results in Mar 16. EBS -18.4% to $83.7bn/day ($102.6bn/day in Feb 16), down -26.9% compared to Mar 15 level of $114.5bn/day Reuters spot...
View ArticleFX 2nd tier platform vols Mar16: Volumes down led by Hotspot (-19%), and...
Second tier FX volumes reported weak volumes figures in Mar 16, with Hotspot showing a -19% fall to $26.4bn/day, whilst FastMatch reported a smaller decline of -9% to $10.1bn/day. Table showing Second...
View ArticleFX Platforms Feb 16: Top tier FX platforms reported drop in volumes, led by...
In terms of Spot FX, all the major platforms delivered lower results in Feb 16. EBS -1.2% to $102.6bn/day ($103.8bn/day in Jan 16), up +9% compared to Feb 15 level at $94.1bn/day Reuters spot -9.8% to...
View ArticleDeloitte 2016 Global FX survey
An interesting FX survey from Deloitte provides insight into the challenges corporations encounter when managing currency risk and possible causes (and solutions) for these challenges, as well as FX...
View ArticleFX 2nd tier platform vols Feb16: Hotspot (+26.8%), whilst Fastmatch (-5.9%)
Second tier FX volumes showed gains in Feb 16, led by Hotspot which reported a strong +26.8% rise to $32.6bn/day, whilst FastMatch reported a most -5.9% decline. Table showing Second Tier platforms:...
View ArticleFuture of Single-Dealer Platforms: SIs, MTFs or OTFs?
An excellent article in Risk.net covered also in FXWeek, looks at the future of Single-Dealer Platforms under MiFID II and discusses the options for bank platforms. Should they register as: Systematic...
View ArticleCLS FX Settlement Jan 16: value of transactions up 8.3% to $4.84trillion/day...
The CLS FX settlement system has reported a healthy +8.3% increase in the ADV of FX trades settled through their platform in Jan 16, taking volumes back up to $4.84trillion/day (up from...
View ArticleFX 2nd tier platform vols Jan 16: Fastmatch (+24.3%) & Hotspot (+7.1%)
Second tier FX volumes showed gains in January, led by Fastmatch which reported a+24.3% rise to $11.8bn/day, whilst Hotspot reported a +7.1% gain. Table showing Second Tier platforms: Hotspot,...
View ArticleFX Platforms Jan 16: Top tier FX platforms report strong gains, led by EBS +37%
The top-tier FX platforms have now released their Jan 2016 volumes. In terms of Spot FX, all the major platforms delivered strong performances: EBS +37.7% to $103bn/day ($74.8bn/day in Dec 15), still...
View ArticleBofE FX Survey data: London FX volumes down -21% in Oct 15 (SDP volume+6%,...
The Bank of England today released their latest semi-annual FX turnover survey results for Oct 2015. Highlights on London FX volumes for Oct 2015 Total FX volume of $2,148bn/day, down -13.4% compared...
View ArticleReuters announce FX Options vols increased 166% in 2015 (seems far higher...
A Reuters press release on FX Options caught my eye today. The announcement states that: Thomson Reuters FX dealer-to-client venue saw a surge in options trading volumes of 166 percent in 2015 compared...
View ArticleCLS FX Settlement: Value of transactions up 1.4% in Dec 15, end year at...
The CLS FX settlement system has reported a slight increase of +1.4% in the ADV of FX trades settled through their platform in Dec 15, taking volumes back up to $4.47trillion/day (up from...
View ArticleFX Platforms Dec 15: Reuters and EBS almost unchanged in Dec 15, whilst The...
The top-tier FX platforms have now released their Dec 15 FX vols. In terms of Spot FX vols, Reuters and EBS are barely changed, with Reuters +1.1% at $91bn/day, whilst EBS -0.9% at $74.8bn/day....
View ArticleThe continual rise of non-bank market-makers.
I have covered the rise of ‘non-bank’ or ‘alternative’ market-makers a few times recently, notably here, here and here. Looking at how, armed with market leading technology, talented etrading techies...
View ArticleFX 2nd tier platform vols Dec 15: Fastmatch (+13%) & Hotspot (+7%) in Dec 15
FX volumes for December across platforms increased, following Fed governor Janet Yellon’s comments on 2nd Dec about The Economic Outlook and Monetary Policy, and the subsequent move to raise the...
View ArticleInteresting Celent report on future of Spot FX trading technology & platforms
Just finished reviewing an interesting Celent report by Brad Bailey, on evolving spot FX market structure and technology trends in light of changes in global regulation, a blurring of traditional...
View ArticleRight-sizing in FICC – more cuts probably on the way
Last week, Morgan Stanley announced another wave of Fixed Income, Currencies and Commodities (FICC) redundancies. Some 1,200 due to leave the bank, of which around 500 (I have seen this equated to...
View ArticleFX Platforms Nov15: Reuters FX spot vols down -13.5% in Nov (lowest since...
Thomson Reuters has released Nov15 FX vols, which show a fourth monthly drop, with FX Spot vols down -13.5% at $90bn/day, the lowest reported vols for Reuters spot FX since Reuters started releasing...
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