FXall
Banks rush to register as Korean onshore FX market opens up
Central bank eases licensing requirements as institutions look to capitalise on deliverable trades
Sefs hit by Dodd-Frank disclosure rules
New trading platforms must enable dealers to make pre-trade disclosures – but industry doesn't know what information needs to be provided
FX platform proliferation branded unsustainable
A recent flurry of FX trading platform launches will undoubtedly lead to a round of consolidation, with less successful players squeezed out of the market, argue FX Week USA speakers
Tech firms prepare euro break-up contingencies
Break-up blues
Forex infrastructure providers testing for eurozone worst-case scenario
Panellists at FX Week Europe discuss the implications for the forex market of a possible exit of one or more eurozone members from the single currency
Sefs in stasis as final rules edge closer
Sefs in stasis
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
Major banks move to aggregate swap execution facilities
Day of the aggregators
FXall looks to Sef licence to boost liquidity
FXall chief executive Phil Weisberg suggests banks might choose to outsource some elements of their single-dealer business to multibank platforms when Dodd-Frank Sef rules become binding
SG profits boosted by interest rate and forex structured solutions
Société Générale's latest results highlight contribution of interest rate and foreign exchange structured products.
HSBC provides clients with forex charting tools
HSBC has begun rolling out a web-based currency data charting application from UK vendor TraderMade to its corporate and investment clients. The application, called FX Charting, will support trading and hedging strategy decisions.
Gulf emerges between online and voice brokered forex trading, says Greenwich
A sharp divide exists between clients actively trading on electronic platforms and those that do not trade foreign exchange online, according to new research from US-based consultancy Greenwich Associates.
Banks back FXall prime brokerage messaging hub
Currency trading portal FXall has secured the support of seven leading banks to develop a shared messaging hub for notification of prime brokerage deals.
FXall adds liquidity providers
FXall will announce the addition of four new liquidity providers to its platform today, the multi-bank trading portal told RiskNews ’ sister publication FX Week .
Multi-bank FX platforms double market share in last six months
Online multi-bank foreign exchange trading platforms have doubled their market share in the last six months, according to Justyn Trenner, chief executive officer of London-based research and analysis company ClientKnowledge.
SunGard coup for FXConnect
State Street Corporation is due to announce this week that it has secured a coveted deal with the treasury software unit of Pennsylvania-based technology company SunGard.
Currenex extends post-trade FX settlement and allocation
Multi-bank FX trading portal Currenex has added new features to its FXtrades service, improving the efficiency of its allocation and settlement processes and minimising post-trade errors, according to Lori Mirek, president and chief executive.
FXall hires marketers from former rival Atriax
Two former employees of defunct multi-bank FX tradingportal Atriax were last week hired by rival portal FXall. Keith Hill joins FXall in London as head of Europe, Middle East and Africa sales, while Michelle Bachmann-Love was made head of North America…
FXall customises e-FX trading site for Nestlé
Multi-bank FX trading portal FXall has created a customised trading and information Web platform for the world’s biggest food company, Switzerland's Nestlé.
FXall and FXpress plan STP link
Foreign exchange trading platform FXall and FXpress, a Pennsylvania-based currency risk management company, are integrating their systems to allow straight through processing (STP) of trades.
Dealers blast multi-bank FX portals
The future looks bleak for the remaining multi-bank foreign exchange trading portals, according to delegates at the sixth annual ACI European Congress in Luxembourg last week.