Instinet has signalled a push into the FX industry with the launch of Newport FX, an agency-model spot e-FX platform. The new platform is a web-based desktop application that can be accessed through the firm’s Newport EMS, direct FIX API, or on a stand-alone basis. Instinet says Newport FX was designed to give its clients transparent […]
Tag: agency execution
In this week’s podcast Colin Lambert gets to air some long-held grievances at market structure change when Galen Stops asks him, “any thoughts on the Deutsche Bank job cuts?” Our two podcasters look at the function of risk in the market, as well as the potential impact of what Lambert sees as a steady shift […]
IS Prime, part of ISAM Capital Markets, is launching an NDF and forward execution facility within its agency desk.
The firm says its agency execution service leverages its relationships with top tier banks whilst also utilising the technology resources of ISAM’s hedge fund business. It provides mid-tier and smaller banks, hedge funds and voice traders with an anonymous, customised liquidity solution with liquidity from the major market making banks, non-bank LPs and selected ECNs.
“The addition of NDFs and forwards in our agency execution business shows a steadfast commitment to doing all we can to meet our institutional clients’ growing demands,” says Raj Sitlani, managing partner, IS Prime.
Changing the habits of a lifetime is a very difficult proposition in the foreign exchange industry, but is now a prudent time for some platform providers to have what will no doubt be some very difficult conversations with their liquidity consumers about actually paying for it?
FX liquidity is a more valuable commodity than ever and LPs continue to look at where they stream, what the value from that venue is, and how they can, if at all, warehouse the risk profitably.
This column two weeks ago on benchmark fixings prompted quite a response – to the degree that I feel it is necessary to go into it a bit further and ask the question, “Can there be a justification for offering mid-rate benchmark execution for free?” The question is especially pertinent when one considers that such […]
I have long been a sceptic over the market share model in FX, to me the question should always be about the quality of business, not the quantity, but that is not to say that a reasonable share of flow isn’t important – it is. Market share is equally important – I would argue much […]
Any group’s reputation is dependent upon its weakest link and as such the foreign exchange industry could be treading on thin ice thanks to the apparent actions of one such “weak link”. Sadly, we are back on the subject of benchmark fixings, more specifically news that reaches me from multiple sources, that one provider is […]