In this final "Tales from the Dark Side," Greenwich's Craig Viani examines how venue proliferation has driven the need for algo aggregation, and brought to light the challenges in accessing non-displayed liquidity via an intermediary.
Is the approved SEC Tick Size Pilot Program meet your expectations for what it should be?
- It was a good compromise
- The SEC should start over
Bats Global Markets Inc. is betting on a revolution in currency trading like the one in stocks 20 years ago. It began its crusade with a $365 million acquisition followed by a price war.
The currency markets are increasingly going low-touch with electronic trading outpacing the volume done via telephones and high-touch. This year marks the first time low-touch trading has ranked above high-touch in the Euromoney FX survey's 37 year history.
Investors yawned at the news Wednesday that five of the worlds biggest banks, including JPMorgan Chase & Co. and Citigroup Inc., agreed to plead guilty in a currency- rigging probe. Theyre among six banks that will pay $5.8 billion in fines.
Continued adoption of electronic FX trading is increasing demand for performance measurement while providing the necessary execution data to calculate it.
Over the past year, the liquidity in emerging currencies grew in fits and starts quarter to quarter. Traders asked FX veterans for their outlook on the next 12 months.
As FX trading takes off inside buyside firms, OMS vendors are addressing the specialized needs of trading foreign exchange.
Wary of competing algorithms, some heads of foreign-exchange trading desks are rethinking their high-frequency trading practices.
New trading venues, HFT and market volatility are fueling the asset class to the head of the pack. Here's why, according to Aite Group's Sang Lee.
Big brokers began offering foreign-exchange trading algorithms five years ago, and now all the major players have an offering. Now a vendor is hoping to upend the status quo with a suite of algorithms it claims will offer better execution.