Jump Liquidity is the latest FX trading business to announce that it is partnering with the Monetary Authority of Singapore (MAS) to bring its FX pricing engine to Singapore, joining a growing list of bank and non-bank liquidity providers to do so. Singapore will be the third pricing engine location provided by Jump Liquidity, which […]
Tag: e-FX trading
The FX industry is a vibrant, innovative place, but sometimes I think it forgets why it exists. This amnesia means as an industry, FX does not respond sufficiently on those occasions when people with no understanding of the nuances of the business suggest “improvements”.
So many news threads running through the industry at the moment seem to be idealising a totally transparent, all-to-all trading environment. This works in domesticated markets like equities, but it doesn’t work in global, institutional markets like FX – especially when we remember why we are here.
Market sources tell Profit & Loss that Liam Hudson has left his role as managing director and global head of FX e-commerce at Bank of America Merrill Lynch (BAML).
Hudson joined BAML in London as head of e-FX trading in February 2010 and took over the FX e-commerce offering generally four years ago.
Prior to joining BAML, Hudson was head of e-FX trading for the Americas at Barclays in New York as well as director of its algorithmic execution business.
JP Morgan has released the results of its e-Trading Trends for 2018 survey, which was taken among more than 400 institutional traders – the majority being FX – in October 2017.
The survey indicates strong growth in the use of mobile trading apps as well as renewed optimism that client uptake of algorithmic execution strategies will emerge in 2018.
The headline finding from the survey is that 61% of respondents say they are likely to use a mobile app for FX trading, more than double the 31% who said the same in the 2017 survey.