Tag: FXall

FXall

Hai Cloud Exchange Partners Thomson Reuters for FX

Haier Financial Holdings’ subsidiary, Hai Cloud Exchange (HK), has announced a strategic collaboration with Thomson Reuters, under which the latter will provide Hai with a suite of FX trading and platform solutions, including the firm’s Elektron Real Time (ERT), Enterprise Platform (TREP), and FXall on Electronic Trading.
Hai Cloud Exchange has initiated a 24 hour price streaming on Thomson Reuters platform FXall since 2016 and the firms say the new collaboration will provide an advanced, secure, and effective trading platform that enables Hai Cloud Exchange to provide clients with FX products faster and easier.

TR Updates Trading Desktops Ahead of Mifid II

Thomson Reuters (TR) has updated its FXall and FX Trading desktops to ensure clients trading its Multilateral Trading Facility (MTF) will remain fully compliant with the upcoming MiFID II requirements.

The enhancements will enable TR to add MTF-support for FX forwards, swaps, NDFs and options trading on FXall, as well as continue support for swaps trading on Matching. The company says this enables users to remain complaint with the new MiFID II execution requirements for FX derivatives that will take effect in January 2018.

TR has now begun the transition process for customers to its enhanced MTF and is releasing new interfaces to both FXall and FX Trading that accommodate new data fields, as well as improve post-trade STP feeds to assist customers with reporting and record-keeping requirements.

The FoXy’s: Profit & Loss Readers’ Choice Awards

Profit & Loss readers cast large numbers of votes this year for their preferred market makers and service providers.

Last year was the first that we changed the category description from banks to market makers to account for the larger proportion of non-banks that now comprise an important part of market making, and this is again reflected in the results. The industry’s changing dynamics are starting to show.

Voting, which spanned across time zones, was close in many categories, so we have listed the top three for each category to acknowledge the runners up.

?Mapping Out the Plan

?Neill Penney, co-head of trading at Thomson Reuters, talks to Galen Stops about the recent changes in the firm’s FX business and details how it plans to continue developing it in 2017.

There were some significant changes to Thomson Reuters’ FX business in 2016, with one of the most visible being the departure of Phil Weisberg in November, who had headed the FX business at the firm since 2012.

With Weisberg leaving “to pursue opportunities outside the firm”, Thomson Reuters has re-structured its management, introducing a new business unit called Trading.

More Senior Departures at Thomson Reuters?

Two weeks after global head of foreign exchange Phil Weisberg left the firm, as it announced plans to cut 2,000 jobs, market sources tell Profit & Loss that Thomson Reuters has unveiled the first round of cuts to its foreign exchange business.
The sources say that Tom San Pietro, head of product management for FXall; Jack Linker, head of liquidity sales, transactions, for the Americas; and John Richards, senior director, liquidity sales, Americas, have all left the firm in the US as part of the cuts.
The sources add that Richard Williams, head of sales for North Asia and Japan; Elmer Chiu, sales in Singapore, Sydney-based Simone Halpin, director, FXall, and Amy Goh, head of financial designs, transactions, Asia, have also left as part of the cuts.