Tag: Fx

Fx

Investment Association Calls for Standardised FX Rejects

The UK’s Investment Association (IA) has proposed new standardised categories to simplify the processing of rejected FX trades in a bid to bring greater consistency to the market and improve outcomes for investors. Under the proposals, when a request by an investment manager to trade is not executed, the execution providers – brokers, dealers and […]

Global Exchange Traded FX Growth Anemic in 2019

The volume of exchange traded currency futures and options traded in 2019 grew just 0.2% compared to the previous year, according to new data from the Futures Industry Association (FIA). In total, 3.9 billion currency futures and options were traded on exchanges last year. This means that in percentage terms, this segment – which accounted […]

Is FX Still an Attractive Market to Trade?

Although Justin Foley, managing director, head of FX at Gelber Group, concedes that subdued volatility has made FX less interesting for traders in recent years, he says that this state of affairs will not last forever. Foley, who was inducted into the Profit & Loss Hall of Fame earlier this year, explains in a new […]

Neuberger Berman Launches New FX Fund

Neuberger Berman is launching a new FX-focused macro fund. The Neuberger Berman Macro Opportunities FX Fund aims to deliver positive returns of 5–6% in excess of cash per annum before fees, primarily by exploring relative value across G10 currencies. The firm says that the fund’s investment strategy is based on an established process, which has […]

Citi Restructures FX Business

Citi has announced a new management structure to best align its foreign exchange trading and institutional sales business under the Rates and Currencies umbrella. Under the new structure, trading will now align within four global product verticals: Linear FX (Spot and NDF Trading), Electronic Trading and Client Execution, STIRT and FX Options. In an email […]

Kurk New FX COO at Northern Trust

Northern Trust has named Marisa Kurk as chief operating officer of its global FX business. Based in Chicago, the bank says Kurk will drive the day-to-day enablement of GFX business strategy and operations, capitalising on strategic technology and product capabilities gained through acquisitions and partnerships. She brings more than 15 years of industry experience, in […]

And Another Thing…

Spoofing is a strange thing; some could argue it is part of a best execution policy when trying to fill a very large order, others that it is criminal activity, and both would have valid points – but is it fraud? I have no wish to get into the legal technicalities, especially around US law, […]

Swift Calls for Greater Industry Standardisation

Swift has issued a report arguing in favour of greater standardisation of messaging within the FX market, claiming that this will in turn cause greater automation and improve efficiency. In the report, Swift notes that the sheer volume of FX transactions that occur daily makes automation in this market challenging. “With millions of confirmation messages […]

Kooltra Targets Brokers with Cloud-Based Solution

Kooltra has launched a new platform, called FXCore, which designed to fast-track the entry of new broker participants into the FX market. In a release issued today Kooltra, which provides an integrated back and middle office SaaS system for institutional customers, says the platform will advance back office technology for FX trading which, it says, […]