Further FX Platforms Report ADV Drop in April

Following the first group of platforms to report average daily volume for FX markets in April, the primary venues as well as FXSpotStream and Integral have also posted month-on-month declines – the latter two saw year-on-year increases, however for the primaries there were drops. Refinitiv says that spot FX ADV across its platforms was $79 […]
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FX Volumes Revert to Mean in April…and Then Some

As widely expected given the quieter nature of the month and major holidays, the first three FX platforms to report average daily volume (ADV) reveal a sharp drop back from March’s peaks. CboeFX reports ADV of $29.3 billion, a 46.7% decline from March and also a 7.7% drop year-on-year, this actually represents the third lowest […]
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The 2020 Profit & Loss Digital FX Awards

It is not over-stating the case to say that the process for this year’s Profit & Loss Digital FX Awards was unlike any other. For those of you who are unaware of how it works, the culmination of a year’s worth of feedback is a visit by Profit & Loss to the leading e-FX banks […]
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Best FX Platform

P&L Report Card It may be a surprise to some that we do not view this as the most competitive category in these awards, and that is thanks to the sheer scale of two platforms in particular, Citi’s Velocity and JP Morgan’s eXecute. That is not to say that other excellent platforms do not exist, […]
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Best Execution

P&L Report Card If the Best FX Platform Award was not the most competitive in the 2020 Digital FX Awards, it is because competition in the execution space has become white hot. While some players may not have the time and perhaps the resources to develop their single dealer platforms fully, they have most certainly […]
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The 2020 Profit & Loss Innovation Award

P&L Report Card As we predicted in these awards last year, 2019 turned out to be a good year for ideas and product innovation and with some of the work ongoing and projects still in their infancy elsewhere, 2020 could prove to be the same. Inevitably in such a mature industry as e-FX, the innovation […]
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Best Prime Brokerage

P&L Report Card It may have been the circumstances at the time the demonstrations were scheduled, but prime brokerage definitely seemed to have a lower profile this year. Obviously in such an uncertain world, credit strings inevitably tighten and there is a school of thought that the next evolution will actually be a step back, […]
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Special “Decade” Award – Best Corporate Platform – Citi

No report card required here, for we are describing is a remarkable achievement, one that has been accomplished only once before in the last nine years of these awards, a decade at the top of the tree and one of our gold plaques. It has to be said that in 2011 when we gave the […]
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Best Mobile App

P&L Report Card Well, we thought we were done with this award as one of our top awards thanks to there really only being two major players – Citi and JP Morgan – in the game, but, not for the first time, how wrong we were! Global lockdowns have led to a surge in working […]
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Editor’s Award – Citi

Rather than, as it has been in previous years, this award reflecting the editor’s (in this case managing editor’s) view of the platforms, we have decided to make it a recognition award. Our thoughts on the various platforms are littered throughout this feature so there is no need to go over old ground, therefore the […]
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