contents October 2011 >>> Justyn Trenner Leader David Poole Fragmentation and liquidity in FX
FOREWORD 22. Playing Sovereign Poker
Manfred Wiebogen explains why the world’s financial system needs a new order and new legislative responsibilities should be taken on by politicians at the international level.
LEADER
24. Fragmentation and liquidity in FX – is it worth upsetting the balance?
Manfred Wiebogen Foreword
Playing Sovereign poker
Nicholas Pratt FX Aggregation Next generation services
Justyn Trenner and David Poole examine the risks of creating stagnant pools of liquidity within FX if the current delicate balance of fragmentation is upset.
FEATURES
30. More intelligence and control - taking FX Aggregation services to the next level
Heather McLean
Regional e-FX Perspective Canada
Richard Anthony e-Forex Interview Managing e-Risk
A return to the traditional values of the FX market is seeing a greater demand for transparency. Nicholas Pratt examines how these demands are influencing the development of next generation aggregation services.
44. Addressing risk, connectivity and regulatory complexity in Post Trade FX
Frances Maguire FOCUS
Single Bank FX platforms
Roger Aitken CEP Technology
Integration into FX architectures
While the FX industry is well versed in addressing the challenges of connectivity and the operational and credit risk in the back office arising from spiralling volumes, Frances Maguire asks how it
A ACI
ADS Securities Aite Group Alpari
Aphelion B
Bloomberg Tradebook BMO Capital Markets BNP Paribas
Boston Technologies
Felix Shipkevich Regulatory Roundup Retail & Institutional FX
Joe Morgan
Social Investment Networks In search of better yields
C
Caplin Systems CFTC
CIBC World Markets Client Knowledge
page 79 page 144 page 61 page 24
Cloud Trading Technologies page 97 Collective2 Currensee
D DeltaStock
Deutsche Bank Divisa Capital Dukascopy DynexCorp DZ Bank
E
Equinix eSignal eToro
Jonathan Assia In The Chair FX Social trading
Peter Panholzer TraderTalk
A life with currencies 4 | october 2011 e-FOREX Eurobase
page 99 page 129 page 180 page 67
page 168 page 80 page 151 page 5
page 184 page 10
page 173 page 174
page 135 page 57 page 84 page 149
page 22 page 65 page 44 page 29 page 13
F
Financial Software Systems page 83 FlexTrade FXall
FX Architects FX Bridge
FX Central Clearing FXCM FXDD
FX Fifty Five FxPro
G
GAIN Capital Gold-i
H
Hantec Markets Hotspot FX HSBC
I
Inovatrade Integral Interxion
J JP Morgan L Lab49 Leverate Lightstreamer
page 175 page 37 page 124
Lloyds Bank Corporate Markets page 2 page 136
R Rapid Addition
RBC Capital Markets REGIS-TR
S
page 96 page 59 page 53
page 131 page 101 page 109
page 69 page 9
page 70
P Panda
Philip Futures PrimeXM
Progress Software
page 89 page 157
Inside Back Cover page 81 page 107 page 93
page 163 page 91 page 137 page 134 page 161
will deal with more complex regulatory demands in the post-trade arena.
REGIONAL e-FX PERSPECTIVE
56. Canada
Heather McLean explores what factors are driving growth in electronic FX trading solutions throughout Canada and how leading FX providers are taking steps to meet the demand for increasing use of the e-channel.
THE e-FOREX INTERVIEW
70. e-Forex talks with Richard Anthony, head of e-risk - FX & Metals at HSBC
FOCUS 76. Single Bank FX platforms - moving to enrich the customer experience
Frances Maguire talks to a selection of leading banks about how they are differentiating themselves and adding value to their e-FX platforms in a maturing, but still increasingly competitive, market place.
VIEWPOINT
94. Regulatory changes, discussions around a Tobin Tax. Isn’t the biggest global financial market actually in a good shape?
Alfred Schorno asks whether a transaction tax on FX would only hit the “good” players.
M Marex Spectron
MetaQuotes Software Microsoft MIG Bank
Morgan Stanley My-Channels
N
Nexaweb Technologies NFA
Nomura Nordea
O Oanda
One Market Data One Zero
Option Computers
page 27 page 119 page 153
page 39 page 153
page 19
Penson Financial Services page 63 PFSoft
page 41 page 17 page 150 page 115
page 125 page 145 page 8 page 7
page 131 page 121 page 97
Outside Back Cover page 134 page 127
Saxobank Shipkevich Law Firm
page 15 page 28
SmartTrade Technologies page 35 Solace Systems Squared Financial StreamBase SunGard Sybase
Swiss Finance Corp T
360 Treasury Systems Thomson Reuters TMS Brokers Tradency
TraderTools Traiana
page 94 page 20 page 178 page 21 page 33 page 47
Transaction Network Systems page 75 TwoFour
page 85 U UBS Investment Bank
V Vantage FX
W Wells Fargo
World Research Group Z
Zecco Forex Zulu Trade
page 175 page 173
Inside Front Cover page 141
page 11 page 40
page 126 page 189 page 113 page 142 page 117 page 10
Companies in this issue
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