EBS
Could private match-making sink public market?
Rise in internal hedging sparks debate over its threat to FX price discovery
FX traders sound alarm on tagging ‘abuse’
Front running and tag refreshing concerns abound on semi-anonymous trading platforms
Vol boosts rules-based trading services
More users – and more platforms – turn to auto-RFQs for smaller tickets
Fee fight: dealers take aim at brokerage costs
Old tensions have new edge as banks urge clients to bypass platforms
For FX dealers, virus brings volumes
Mixed feelings for sell-side traders as Covid-19 spurs wave of speculation and hedging
E-trading takes hold for FX swaps – sort of
Bulk of trades are being executed over screen, but bolder changes have stalled
Forex ‘last look’: how non-banks stack up
Research shows patchy disclosures, plus differences from banks on pre-hedging and rejected orders
A powder keg in forex: the prime broker business
Brokerages look at high-speed algo trading paired with bloated credit limits – and shudder
Mark Yallop on conflicts in fixed income
Banks and their clients need protocol on information sharing, says FMSB chair
People moves: UBS hires new Apac investment bank vice-chair
Also: Commerzbank’s trade finance Asia head; Blackstone nabs JPM Japan chief; and others
Standard Chartered names DCM head, and other recent job moves
Job changes in the derivatives, regulation and risk industry throughout Asia
HSBC hires Liu in China product strategy role, and other recent job moves
Job changes in the derivatives, regulation and risk industry throughout Asia
Currency floor breach raises questions over SNB policy
The Swiss National Bank should consider enlisting the help of top-tier banks to keep EUR/CHF above 1.20, forex traders suggest
Icap’s forex e-trading platform to offer outright forwards
Icap’s forex spot and NDF electronic platform, EBS, is looking to diversify into outright forwards and other services this year
Trading volumes soar in July, report EBS, Reuters and FXall
High volatility in foreign exchange markets as a result of eurozone sovereign debt issues and the US debt problems have resulted in record volumes, platforms report
Industry in flux as electronic trading and risk control comes to the fore
Creative destruction
Icap to launch decimalised pricing on majors in February
Interdealer broker Icap will launch decimalised pricing on major currency pairs on EBS Spot on February 14, the broker told FX Week.
Icap profits up on electronic boom
UK interdealer broker Icap reported rising revenues and profits this morning, after a successful year for its growing electronic broking business.
Icap buys EBS currency broker for $775m
London-based inter-dealer broker Icap has bought currency broker EBS for $775 million in cash.
Icap confirms EBS approach; FX platform expects more than one bidder
Interdealer broker Icap has confirmed it is in “preliminary discussions” to acquire electronic forex heavyweight EBS, ending mounting speculation that the electronic forex dealing platform had been looking for a buyer since July 2004, when it appointed…
CCB joins EBS currency trading platform
China Construction Bank (CCB) has signed up as a customer of the currency trading platform EBS.
Foreign exchange volumes up by a third
Foreign exchange trading volumes are up by nearly a third over the past three years, according to new research from UK consultancy ClientKnowledge.
CityNet Conversation Checker adds forex options
City Networks has added vanilla currency options to its CityNet Conversation Checker, reports RiskNews’ sister publication, FX Week .
Citigroup names new global head of FX options
Citigroup has made Steven Reiter global head of foreign exchange options, replacing Ian Robertson, who filled the post temporarily after the departure of former options head Jack Jeffery in December.