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February 2013 / 7 February 2013 / Frances Faulds, FX-MM
Last year mobile devices outsold desktop computers for the first time. FX-MM’s Frances Faulds looks at the inroads being made by the FX trading community and at how far it will go to get mobile.
While online currency trading continues to grow year-on-year, it is being both traded by, and developed by, the first generation to grow up with mobiles and internet access. This is increasingly putting brokers under pressure to provide clients with seamless integration from desktop to mobile devices at the very least and ultimately trading solutions that do not keep them deskbound.
However, even with the migration to HTML5 and the retail trading solutions being developed for mobile devices, it is thought that building an HTML5 platform or native app is not enough to bring the full FX trading experience to the handset. To make it seamless, developers must understand how usage spans devices, and implement design practices tailored for mobile. This is still a work in progress. (more…)
News, Technology news, Trading news / 28 January 2013 / ADS Securities
ADS Securities (ADSS), the Abu Dhabi based brokerage and financial services trading company, has appointed Corvil, the market leader for trade monitoring and latency management, to monitor its new FX platform. The CorvilNet solution will allow real time monitoring and greater transparency of the platform’s trading infrastructure, signifying a commitment by ADSS to ensure that it stands up to the scrutiny and tests that the industry demands. (more…)
News, Trading news / 15 January 2013 / GFI Group Inc.
GFI Group Inc. (NYSE:GFIG) announced today that the FENICS FX options multi-bank trading platform “FENICS TraderSM“ will now be operated by regulated subsidiaries of GFI Group Inc. and renamed GFI Direct. (more…)
News, Trading news / 10 January 2013 / Abshire-Smith
Hybrid Solutions, the developers of VertexFX, have invested considerable time and resources into the launch of VertexFX 10. The trading platform has significantly enhanced features and design. VertexFX 10 provides the complete trading suite, of both web and desktop based access for retail and institutional clients. (more…)
News, Trading news / 7 January 2013 / J.P. Morgan
J.P. Morgan today announces the roll-out of J.P. Morgan Markets, the firm’s new multi-asset class trading platform, bringing pre-trade, trade and post-trade functionality onto a single platform for the first time. Debuting with a first wave of trading solutions, it is a complete redesign and consolidation of the firm’s existing e-trading offerings from front to back, and will present a seamless client experience throughout the entire trade lifecycle. (more…)
November 2012 / 5 November 2012 / Frances Faulds, Columnist, FX-MM
The FX industry is examining ways to reduce latency from all aspects of FX trading and execution using a variety of means from building bubbles and clouds, to managed services and co-location. Frances Faulds talks to players across the industry about the challenges ahead.
There is little doubt that with the rise of high frequency trading and the greater use of automated and algorithmic strategies in foreign exchange comes the need to up the ante in terms of speed – not just in getting orders out to trading venues, but also getting pricing, market data and confirmations back into the systems used. The speed of prices in a highly volatile and unpredictable market is critical, more so with the recent rise in high frequency trading in FX. But while the fragmented FX market makes co-location more of a challenge some say that the growing use of cloud technology will help overcome these challenges, while others say it may add to them.
Thomas Soede, Global Head of e-Commerce at BNP Paribas, says that latency has become a significant issue in the FX market due to the increase in the number of high frequency hedge funds which have entered the FX market. (more…)
November 2012 / 5 November 2012 / Brendan Nelson, Head of Design Strategy, Tobias & Tobias
Ask FX platform owners if awards ceremonies matter to them and you’ll get a range of different answers. Many will respond with cynicism: some awards are little more than baubles, handed out to the same set of usual suspects every year. A blinkered focus on awards alone can make platform owners overlook the more fundamental objective of supporting the needs of the people that use it, says Brendan Nelson, Head of Design Strategy at design consultancy Tobias & Tobias.
That said, there are many FX awards whose winners are selected by independent, expert panelists, applying transparent and rigorous criteria. By recognising outstanding work, they inspire innovation in the industry, motivate the teams who toil so hard on the winning platforms, and reassure end users that they are indeed working with the best in the business. Even the cynics would admit these awards are worth winning. The big question, though, is how to go about winning them.
We at Tobias & Tobias had recent first-hand experience of this when an FX platform we are closely involved with won a recognised award for excellence. Upon hearing this news our first reaction was deep pride and joy, but immediately afterwards we became curious. What factors contributed to the platform’s success? Why exactly did it win the award? (more…)
News, Trading news / 23 October 2012 / GAIN Capital
FOREX.com, the retail division of GAIN Capital, today announces the launch of its new CFD platform: TRADE. (more…)
News, Trading news / 15 October 2012 / Integral Development Corp.
Integral Development Corp., a leading provider of FX trading solutions and services, announced today it was selected by Wells Fargo & Company to launch Wells Fargo’s new FX pricing service. The platform allows Wells Fargo to electronically access liquidity directly and indirectly from over 50 sources, including market making banks, ECNs and professional trading firms. Under the agreement, Wells Fargo manages its liquidity sources, price-making streams and customer-specific offerings from Integral’s hosted administrative tools. Despite a significant number of complex configurations such as creating tailored solutions including trading systems specific to each respective customer segment, Integral delivered the platform to Wells Fargo customers within three months. (more…)
Blog / 8 August 2012 / Chris Tobias, Director of Consulting, Tobias & Tobias, London
Electronic FX platforms have always competed on pricing, liquidity, connectivity and product range. But with new platforms being launched seemingly every other month, it’s difficult to stand out from the pack. That’s why the owners of the world-leading platforms are placing ever more emphasis on a previously undervalued area – user experience. (more…)
July / August 2012 / 13 July 2012 / Gaies Chreis, COO, MetaQuotes Software Corp
Gaies Chreis, COO of MetaQuotes Software Corp., says that internet trading has recently reached an interesting stage in its development. Until recently it was possible to be successful by offering traders a good trading platform, but those days are gone.
A good trading platform is still high on the list of requirements although this alone is no longer the main criteria. In addition to having a convenient and functional platform, there is now a requirement for powerful Automated Trading, Mobile Applications and Additional Services.
The rise of automated trading is clear for all to see – the use of trading robots is already an important part of the professional activity of many traders. The number of such traders continues to grow and their programs have become more and more complex. Look at the Automated Trading Championship (championship.mql5.com) and it is easy to see why this feature is so important. (more…)
News, Trading news / 16 May 2012 / MahiFX
MahiFX, the proprietary-built retail foreign exchange (Forex/FX) trading platform, has today released a new suite of charting components and market-timing technical analysis features and indicators. The platform enhancements are intended to equip traders with the tools required to better interpret currency graphs and to execute more informed trading strategies. The new charting package also provides MahiFX traders with the ability to zoom, draw and trade directly from the interactive charts. (more…)
May 2012 / 8 May 2012 / Steve Shaw, Editor, FX-MM
FXall is a respected name in the institutional FX market not only as a platform provider but also as a powerful advocate for greater efficiency in the way that trades are formed. The company recently completed a successful IPO and look to the future with considerable optimism. Phil Weisberg has been at the helm since FXall’s inception in 2000. Steve Shaw talks to him about the company’s recent achievements and seeks his views on market and regulatory trends, developments in the institutional FX trading space and future growth opportunities.
2011 Business Highlights
I started by asking Weisberg about FXall’s “mission” and the company’s key business highlights in 2011: “we’re the leading institutional platform for foreign exchange and our mission is quite simple, we want to make sure that we’re a strategic partner to the institutional FX community and that they can trust us in helping them solve some of their most important execution needs. The way that we’re able to maintain their trust and their confidence is by always conducting ourselves in a manner that’s appropriate to the responsibilities that we’ve been given. (more…)
May 2012 / 8 May 2012 /
In next month’s issue of FX-MM we’ll be taking an in-depth look at the key trends and latest developments in algorithmic FX trading, and the aggregation tools available to deliver low latency trading strategies. Here, Julie Bond of Sunbird FX considers, from the perspective of an individual trader, some of the advantages and benefits that algorithmic FX trading can bring.
Trading forex is usually done one of two ways. You can either use algorithmic formulas and software that manages your trades or you can use the ‘‘wet thumb’’ method of manually reviewing data before making your trades. There are clear benefits to analysing data yourself, but using algorithms will give you a leg-up on traditional fundamental and technical analysis and allow you to do several things that are either difficult or impossible to do by yourself. (more…)
April 2012 / 5 April 2012 / Thomas Soede, Global Head of Electronic Markets, BNP Paribas
Launched on March 7th 2012 CORTEX FX is an innovative multi-product solution for the bank’s corporate and financial institution clients to manage their foreign exchange requirements.
CORTEX FX is the result of a great deal of consideration of client needs and technical development work at the bank. According to Thomas Soede, Global Head of Electronic Markets, CORTEX FX was built to satisfy the needs of a very diverse client base, spread across 60 countries: “our ambition when we set out to build CORTEX FX was to have a platform that is highly customisable, that gives our clients the ability to click and trade, and offers them access to a comprehensive range of post-trade services. We also wanted to give our clients the ability to trade emerging markets currencies on a local basis. With CORTEX FX we have developed a new electronic application that is fully integrated in terms of product access, enabling clients to benefit from using a range of intelligent electronic tools and services.”
Even the selection of CORTEX FX as the platform name is the result of a lot of thought. (more…)
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