Agency broker JB Drax Honoré has hired Kevin Connors, the former co-head of foreign exchange and emerging markets at Nomura, in a newly created senior sales role. Connors joined JB Drax this month as head of client and business development in London, according to a post on LinkedIn. He previously spent more than four years […]
Automated market-making tested by intraday FX vol – FX Markets End of drawer navigation content Skip to main content Price gaps in spot FX markets could be exacerbated by algos trading on headline risk The increase in sudden large movements in foreign exchange spot markets driven by President Donald Trump’s chaotic tariff announcements may be
A US technology vendor is aiming to offer combined trades in multiple asset classes, as part of a wider effort to push electronic trading for more complex products. OneChronos, which operates an alternative trading system (ATS) for equities, will extend its auction system to the foreign exchange spot market, enabling users to co-ordinate related transactions
Citi is deploying its new-look single-dealer platform (SDP) to emerging markets in a bid to offer better and faster electronic onshore pricing to users through a single gateway. Following the relaunch of Velocity 3.0 in 2023, the US bank has focused on consolidating its various electronic foreign exchange pricing platforms – including CitiFX Pulse, its
Non-bank market-maker XTX Markets has hired Sam Brook for its European foreign exchange and equities trading team. Brook joins from NatWest Markets, where he spent nine years in the UK bank’s electronic FX trading unit, primarily working on the buildout of its e-FX market-making desk. As part of the Europe, Middle East and Africa distribution
Deutsche Bank has appointed Richard James from JP Morgan to run its foreign exchange single-dealer platform, AutobahnFX. James will be responsible for the growth and distribution of the bank’s electronic FX client offering for cash and derivatives, as well as algorithmic execution on the platform. He will be based in London and report to Ollie
Every day, thousands of bilateral trades in cash and derivative instruments are arranged via Bloomberg instant messages on the tech firm’s ubiquitous terminals, with parties sending out requests for quotes (RFQs), haggling over prices, and exchanging market colour. However, the process is often cumbersome, requiring salespeople to manually cut and paste information between chat windows.
Can you rent a liquidity provider? And not just any liquidity provider, but one like JP Morgan or Deutsche Bank, to gain access to their huge client franchises? This idea was raised during the FX Markets Europe conference in London on December 3 (if you weren’t there, you missed an excellent event). In outline, the
