Tag: Platforms

Platforms

FX: A Trading or Data Business?

At the recent Forex Network Chicago conference David Mercer, CEO of LMAX Exchange Group, was interviewed by Colin Lambert about the foreign exchange and crypto market landscapes. This is an edited and abridged version of that discussion. Colin Lambert: There is a view out there that FX is no longer a trading business, how do […]

And Another Thing…

It’s been quite a week for me thanks to my digital life being turned upside down (I have never had to deal with so many help desks at one time) and the passing of the founder of my favourite restaurants in London, Dick Barfoot of Sweetings. So with a “vale” to Dick and a gesture […]

Platforms Report Mixed Results for September

There’s been little by way of discernable trends amongst the trading volumes reported for September by the first set of FX trading platforms to do so publicly. Cboe FX reported an average daily volume (ADV) of $30.4 billion for September, down 8.2% from the $33.1 billion it reported in August and down 15% from the […]

EBS Direct Targets a Broader Client Base with Platform Rebuild

As CME Group prepares to announce the launch of a new platform for EBS Direct, Galen Stops has the exclusive interview with Jeff Ward, global head of EBS, about what the platform will offer and how trading venues can differentiate themselves in an increasingly data-driven environment. Galen Stops: Why did you decide that it was […]

FX and the Big Bang Theory

As electronic trading went mainstream, it created an explosion of growth in the market. But has this growth run out of steam? Galen Stops takes a look. The Big Bang Theory – in addition to being a popular American sitcom – is a well-known scientific thesis that posits the universe started with a small singularity […]

Euronext FX: Same Platform, Bigger Ambitions

Kevin Wolf, CEO of Euronext FX, explains how the rebranding of FastMatch is indicative of the widening client base and service offering of the firm. This content was sponsored by Euronext. Profit & Loss: You recently rebranded FastMatch as Euronext FX, can you talk me through the thinking behind this change? Kevin Wolf: This rebranding […]

In the FICC of it

The first thing to note is that the In the FICC of it podcast now available in the iTunes Store, so it will be even easier for you to get your weekly fix of our editors, Colin Lambert and Galen Stops, ranting and rambling about all the latest and greatest news in the FX industry each week! […]

A Closer Look At: A Differentiated Algo Offering

Mauricio Sada-Paz, global head of e-FICC product and distribution at Barclays, discusses new algorithmic products available within the bank’s e-FX platform. Profit & Loss: Barclays’ recently added a new algo, BARX Peg, to its e-FX platform. Can you explain the genesis of this product launch? Mauricio Sada-Paz: The Barclays’ Gator execution channel was a pioneering […]

Deutsche Börse in Talks with Refinitiv Over FX Business

Deutsche Börse Group confirms that it is in talks with Refinitiv regarding the possibility of buying its FX-related businesses. In a statement issued today, a Refinitiv spokesperson confirms that the company is in “ongoing discussions” with the German-based exchange operator for a deal “which could include the divestiture of certain of its FX products”. This […]

Exchanges in FX: A Game of Musical Chairs

In recent years, large exchange groups have been lining up to buy OTC FX platforms. But in this game of musical chairs, what happens to the venues without a buyer when the music stops? Galen Stops reports.One of the major trends in the multi-dealer platform space in recent years has been the acquisition of these platforms by larger exchange groups. Hotspot was the first to go after it was bought by BATS Global Markets in 2015, which in turn was then acquired by Cboe Global Markets in 2017 and the FX platform was rebranded as CboeFX.