BIS Head of Banking Peter Zollner addressed the 53rd ACI Financial Markets World Congress with insight into global FX market activity The Bank for International Settlements (BIS) has today elaborated in full detail on a speech which was delivered to the 53rd ACI Financial Markets World Congress 2014 in Berlin on March 29. Peter Zollner,…
Read moreUK financial services sector set to spend further on technology over next year according to survey by CBI and Price Waterhouse Coopers The cost of operating an FX brokerage has increased significantly over recent times, however the cause of this has been largely due to the omnipresent will of global regulatory authorities to keep pace…
Read moreNew Zealand regulator launching active investigation into the currency trading market We learned on Monday that New Zealand's Commerce Commission is investigating the foreign exchange market, amid a global inquiry into alleged manipulation of currency rates. This comes on the back of an announcement by The Australian Securities and Investment Commission, when they joined the…
Read moreAfter a $439 million IPO last year, deliverable FX firm OzForex sought acquisition of British HiFX. Firm now states that this is very unlikely to proceed Deliverable FX had often been regarded as somewhat of a secondary business to that of the highly profitable electronic trading of foreign currencies via retail brokerages, until last year's…
Read moreInteresting results from recent Tibco-sponsored survey on FX trading practices In a piece by Jake Thomases in Sell-Side Technology, he notes an overview from a panel of forex practitioners which analyzed the results from a recent Tibco-sponsored survey on FX trading practices. Tibco software confirmed what we already know, that a high percentage of FX…
Read moreThe global drive among national regulators to work together toward standardizing trade clearing methodology continues, as the CFTC defers enforcement action against SGX-DC The US Commodity Futures Trading Commission's Division of Clearing and Risk (DCR) issued a time-limited no-action letter to the Singapore Exchange Derivatives Clearing Limited (SGX-DC) on Friday last week, as Singapore readies…
Read moreExtends delivery of its services in the region via Platform Equinix in Singapore On Thursday March 27th in an official press release, CoreOne Technologies announced they have deployed with Equinix, Inc. in one of its International Business Exchange(TM) (IBX(R)) data centers in Singapore (SG2). The deployment will enable CoreOne Technologies to offer its VistaOne information…
Read moreCorporate demand among Russian companies wishing to do business overseas has led to Sperbank CIS's imminent launch of corporate FX marketplace via open platform Russian financial market participants are portraying an increasing will to provide institutional trading facilities overseas via connectivity of Moscow's executing venues to global liquidity pools, as well as the national government's…
Read moreCoincides with ease in fears of a systemic risk event happening in the next 12 months A recent survey conducted by The Depository Trust & Clearing Corporation (DTCC) revealed that a vast majority of financial firms have increased spending on systemic risk mitigation. With new regulations being implemented across the board and financial firms…
Read moreSochi Olympics + Muted Volatility = A Slow But Steady February in FX Trading. After beginning 2014 with a bang in January, with retail FX trading volumes posting their second best ever result at $322 billion ADV, the industry saw something of a slowdown in February, although all in all it was still a decent…
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