Pragma Securities, a leading provider of high performance algorithmic trading tools, has launched Pragma SmartFix, a new execution algorithm designed…
Read MoreNew City Initiative paper: Mispricing of FX transactions costs European fund industry at least €1.5 billion a year
The NCI also finds that the London 4pm fix carries too much influence and is a flawed method of execution.
Read MoreResearch by Pragma uncovers predictable trading patterns around WM/Reuters FX rate fix
Pragma Securities CEO David Mechner notes that changes in the Fix methodology and how firms are trading around it has created patterns that can be exploited to improve trading performance, a measure that many buy-side firms can take into account when considering tracking error against indices
Read MoreFixing the fix! Integral Development Corporation introduces execution service for accurate tracking of WM/Reuters rate
Integral Development Corporation, along with Russell Investments, have introduced RFX Network which is designed to help institutional investors including asset managers obtain currency exchange rates that seek to minimize tracking error with respect to the rates published by WM/Reuters.
Read MoreBanks, funds agree on wider window for FX fix
Banks and asset managers are ready to support an extension of the one-minute window used to set currency market benchmarks, documents showed on Wednesday, but most are concerned by the risks involved and divided on how much of an extension.
Read MoreElectronic dealing fast replacing ‘faulty’ forex dealers at major banks
Regulatory action risks to squeeze big banks’ profit margins from FX, but bringing increased transparency and likely more volumes A…
Read MoreBig banks face both criminal charges and civil lawsuits over 4pm fix currency probe
FCA hints that criminal charges are coming; Asset Managers launching lawsuits. So far, the major fallout of the investigations launched…
Read MoreSenior FX exec departures continue – Citi, Goldman Sachs, and now RBC
Canada’s RBC Capital Markets sees Graeme King depart as co-head of FX spot trading. The revolving door continues to swing in the…
Read MoreCiti loses Head of FX Anil Prasad – more 4pm fix investigation fallout?
Citi’s revenue from fixed income, currencies and commodities trading fell 7% last year. Global commercial bank Citigroup has announced that…
Read MoreGerman regulatory watchdog puts 4pm fix investigation as top priority
Foreign exchange fixing revamp is imminent as regulators contemplate big changes Sources familiar with the recently launched investigation by German…
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