Once again, it’s that time of year when our editorial staff dust off the infamous Profit & Loss crystal ball in order to take a peek into the future and tell our readers what they should expect from the year ahead. Colin Lambert’s “Trade of the Year” makes a welcome return, and he’s back with a bang as he focuses on the drivers of the ever-popular NOK/MXN pair. As has become custom, Lambert is also predicting consolidation within the FX industry, but regular readers might just be surprised to find out that for once he doesn’t think that the M&A activity will be on the platform side this year.
Flow Traders, a Netherlands-based liquidity provider that specialises in exchange traded products (ETPs), is making a concerted push into the FX market, the firm has revealed today.
Flow Traders is partnering with MarketFactory to trade FX directly with investors across a number of different trading venues. In a release issued today the firms says that MarketFactory’s API product, Whisperer, its “strategic ambitions” to become a leading liquidity provider in FX.
Flow Traders has long been active in the FX as part of its hedging strategies, but the firm claims that the current state of the FX industry provides an opportunity for it to further expand its role in this market.
?Former Barclays’ CEO Antony Jenkins has joined non-bank FX and international payment services provider Currencies Direct as non-executive chairman. He is going to focus on advancing Currencies Direct’s digital offering and expanding its international footprint, the company says. “Currencies Direct plans to boost its share of the growing £380 billion currency market for retail and […]
As client requirements evolve in response to changes in FX market structure, services providers need to be ready to adapt to these new demands, said panelists at Profit & Loss Forex Network Toronto conference last month. Liquidity has been a big talking point this year in the FX industry, and the panelists highlighted how their […]
XTX Markets has joined Broadway Technology as a liquidity provider in foreign exchange, Broadway announces. “As the liquidity landscape evolves in FX it is important to be able to provide our clients with increased connectivity options to support their business”, says Broadway’s COO Jonathan Fieldman. “Broadway Technology is an established vendor of choice for many […]
Electronic market-maker XTX Markets has appointed Chan Wai Kin as its new head of sales for Asia Kin was previously head of FICC ecommerce (APAC) at Morgan Stanley. Prior to that, he led the eFX sales team within the APAC (ex-Japan) region at Deutsche Bank, the company says. “With the opening of our Singapore office […]
Following the results of the UK referendum decision to leave the European Union last week the common consensus amongst FX market participants has been that the biggest surprise – apart from the result itself – was how well the FX market handled the resultant volatility. “Two months ago if you’d told me that we’d have […]