April 2012
Manfred Wiebogen Foreword
FX Regulation & Taxation
Nicholas Pratt Leader
FX e-services
contents
FOREWORD 20. From FX Regulation to FX Taxation
Manfred Wiebogen highlights why Regulation and Taxation may no longer be real news to us, but the frequency and attention given to the topic in public discussion is nevertheless still increasing.
LEADER
22. Strengthening client relations with FX e-services
Peter D’Amario Industry Report Growth in e-FX
Richard Willsher
Regional e-FX Perspective Africa
Nicholas Pratt explores in what ways electronic FX services can help improve and engender more productive client relationships.
INDUSTRY REPORT
28. Electronic trading tops 60% of Global FX trading volume
Jeff Ward
The e-Forex Interview ICAP Electronic Broking
Frances Maguire Focus
FX Prime Brokerage
Peter D’Amario reports on how strong growth in electronic trading activity last year pushed electronic foreign exchange volumes above 60% of the overall global FX market for the first time.
FEATURES
32. Social Forex Awards 2011 – The winners
Roger Aitken
Complex Event Processing A disruptive technology
Joe Morgan
Managed Network Services FX Market Data delivery
Roger Aitken reviews the ‘2011 Social Forex Awards’ held this February in central London which were the first of their kind.
A
Absa Capital ACI
ACT Forex
ADS Securities Aite Group
Axicorp Financial Services B
Barclays Capital Bloomberg L.P.
David Hastings In The Chair
Liquidity Connectivity
Andrew Ralich Fast Track
oneZero Financial Systems
Bloomberg Tradebook BNP Paribas Boston Prime British Telecom
C Caplin Systems
Catena Technologies Celent
CFH Markets CFTC
page 134 page 126 page 114 page 52 page 21
Cloud Trading Technologies page 107 Commerzbank CME Group
page 8 page 32 D
Deutsche Bank DF Markets
Heather McLean Social Investing
Reshaping Retail FX
Philippe Bonnefoy Tradertalk
Eleuthera Capital AG 4 | april 2012 e-FOREX
Divisa Capital Dukascopy
page 15 page 166 page 34
Outside Back Cover page 7
page 22 page 91 page 38 page 140 page 123
page 75 page 20
page 97 page 160
E
Eleuthera Capital AG eSignal
page 64 ESMA page 2
E*TRADE Eurobase
F Fair Trading Technology FC Stone
Financial Software Systems FlexTrade FXall
FX Architects FX Bridge FXCM FXDD FxPro
G Gold-i Greenwich Associates H
Hantec Markets Hotspot FX
I Icap
IG Group Interxion IPC
page 81
page 151 R page 119
REGIS-TR page 117 Royal Bank of Scotland
page 51 page 24
page 133 page 28
page 184 page 37 page 20
page 103
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42. Streamlining and simplification of FX trading operations with more unified post trade architectures
Mandatory clearing of NDFs via CCPs is expected to be implemented this year and with clearing of FX Options to follow, Frances Maguire looks at whether the changes to the back office will bring more joined-up processing for FX.
56. Visualisation – achieving real time perspectives of the FX liquidity landscape
Nicholas Pratt examines how a new generation of liquidity aggregation technologies and liquidity management toolsets can now assist high performance FX sell-side and buy-side firms to visualise liquidity and optimise their trading strategies.
REGIONAL e-FX PERSPECTIVE
66. Africa
Richard Willsher discovers what factors shape the current foreign exchange market in Africa as a whole and why we can expect to see growth in e-FX taking place in many countries within the continent over the next few years.
THE e-FOREX INTERVIEW
76. e-Forex talks with Jeff Ward, Global Head of FX Sales at ICAP Electronic Broking
L LetstalkFX Lloyds bank page 8 M
MarkitSERV MB Trading
MetaQuotes Software
page 177 MIG Bank page 19
MNI page 13
Inside Back Cover page 11 page 145 page 61 page 125 page 25 page 157
My-Channels N Nordea O
One Market Data One Zero
Option Computers P PFSoft Philip Futures
page 17 Portware page 5
Q QuantHouse page 16
page 27 page 41 page 109
page 101 page 137 page 47
page 9 T
360 Treasury Systems ThinkForex
Thomson Reuters TMS Brokers Tradency TradeTech TraderTools Tradeweb
Tradition-ICAP Traiana
page 54 page 170 page 68
Inside Front Cover page 175 page 92 page 63 page 16 page 18 page 45
Transaction Network Services page 121 U
UBS Investment Bank
V Varengold
page 87 page 142
page 43 page 168 page 189 page 93 page 12 page 129
Page 32 page 23
S Savvis Saxo Bank
SmartTrade Technologies
Social-Markets.net Solace Systems Squared Financial Standard Bank
Standard Chartered Bank SunGard
SuperDerivatives Sybase
page 115 page 149 page 59 page 32 page 131 page 89 page 69 page 68 page 138 page 82 page 99
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