Multi-dealer platform
Banks mull whether to stick or twist with SDPs
Fewer providers are going all-in on single-dealer platforms, as consolidation and outsourcing are on the cards
Corporate-focused banks see boom in FX trading volumes in H1
US banks report higher FX swaps and forwards volumes from corporates as SA-CCR effect wanes, BCG research shows
Plugging the leaks in skewed pricing
Liquidity recycling has made it trickier for LPs to identify information leakage
SGX launches new Clob for FX spot and NDFs
CurrencyNode to tap into new matching engines in Singapore, and eventually will look to offer futures-spot spreads
Best liquidity provider for corporates and Best single-dealer platform: Citi
Citi discusses its win of two FX Markets e-FX 2022 awards, and the role its client-focused single-dealer platform had to play in its win
Nomura targets smaller Chinese banks after first CFETS trade
Japanese bank is one of seven offshore FX dealers offering G10 pricing on China’s interbank market
Banks turn to analytics playbook to take on FX platforms
Dealers aim to lure clients from high-fee multi-dealer platforms with improved investment analytics
New FX trading engines power growth for banks in Singapore
Influx of banks setting up electronic matching engines drives trading volumes in city-state
Optiver aims to gatecrash FX options private party
Dutch non-bank hopes to exploit shift to electronic markets in OTC options, following record $7bn trading day
Can Clobs level the playing field in OTC FX options?
Electronification could be a “game changer” for smaller liquidity providers, say participants
Dealers look to cut SDP prices amid platform fee battle
JP Morgan offers different pricing for single and multi-dealer venues; Barclays mulls same approach
Fee standoff intensifies as FX spreads compress
As spread squeeze continues, brokers refuse to budge on trading fees
For FX liquidity buyers, fewer providers mean better execution
As consumers’ understanding of best execution evolves, “quality over quantity” becomes buy-side mantra
Currenex case may herald focus on e-FX’s ‘Wild West’ days
FX sources say “uncomfortable secrets” could emerge as attention turns to platform relationships
EBS Direct rebuild to bring faster speeds, new order types
New tech means trades will process 10-times faster and allow client-to-client matching
Fenics to boost FX options offering as e-trading continues rise
Venue will offer streaming first-gen exotics pricing and is considering launching a Clob
LSEG buyout finally unshackles Matching and FXall
After watching the market evolve around them, platforms can finally get on the front foot
Inside Refinitiv’s high-stakes FX revamp
Fintech firm, flush with cash from new owner, preps much-needed makeover of Matching and FXall
FX options: the race to electronification has only just begun
Could years of entrenched voice trading in FX options be about to end as electronification gathers pace?
OTC FX options market gears up for faster electronification
Share of electronic trading remains low but host of factors promise to change that for good
Banks boot up next-gen hedging bots
Automated FX hedging can save money and time, proponents argue. But corporates have qualms