Tag: Request-for-quote

  • Deutsche Bank takes AutobahnFX on the open road

    Deutsche Bank takes AutobahnFX on the open road


    Deutsche Bank is shifting gears on its proprietary foreign exchange trading platform, offering access to certain workflow elements via third-party platforms – as clients continue to migrate towards these venues.

    For years, banks have tried to divert FX traffic from the multi-dealer platforms by offering value-added services. But their efforts have not slowed down the travel of flows onto MDPs.

    According to a report from Greenwich Associates in November last year, a third of buy-side respondents

    You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

    Copyright Infopro Digital Limited. All rights reserved.

    You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.

    If you would like to purchase additional rights please email info@fx-markets.com



    Source link

  • TCA vendors link FX counterparty selection with execution

    TCA vendors link FX counterparty selection with execution


    BestX and Tradefeedr, the two main third-party transaction cost analysis (TCA) providers, have launched tools that enable buy-side firms to standardise and automate counterparty selection for cash foreign exchange trades, ahead of request-for-quote or algorithmic execution.

    The launches are part of a wider push by asset managers to integrate TCA into their trading workflows to help meet best execution rules, which require asset managers to justify how they select their counterparties and their

    You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

    Copyright Infopro Digital Limited. All rights reserved.

    You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.

    If you would like to purchase additional rights please email info@fx-markets.com



    Source link

  • Iosco pre-hedging review: more RFQs than answers

    Iosco pre-hedging review: more RFQs than answers


    Consultation papers are like tea leaves or runes: observers study them for clues to future actions or events.

    Such is the case with Iosco’s latest consultation paper on the controversial practice of pre-hedging. The document, released last November, has raised niggling concerns among market participants that the global standard-setter may be weighing tighter rules on pre-hedging, particularly for trades conducted using request-for-quotes, or RFQs.

    Dealers have warned that such restrictions could

    You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

    Copyright Infopro Digital Limited. All rights reserved.

    You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.

    If you would like to purchase additional rights please email info@fx-markets.com



    Source link

  • Bloomberg offers auto-RFQ chat feed – but banks want a bigger prize

    Bloomberg offers auto-RFQ chat feed – but banks want a bigger prize


    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. This slows down pricing and results in patchy data capture.

    But moves by Bloomberg to offer automated RFQ

    You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

    Copyright Infopro Digital Limited. All rights reserved.

    You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.

    If you would like to purchase additional rights please email info@fx-markets.com



    Source link

  • Iosco mimics industry codes to tackle pre-hedging dilemma

    Iosco mimics industry codes to tackle pre-hedging dilemma


    Draft recommendations proposed by international regulators to address controversy over the practice of dealers pre-hedging client orders have largely copied guidance already set out in industry codes.

    That’s good news for advocates of pre-hedging who may have feared stricter guidance, but has left its critics wanting more.

    “When it comes to the competitive request-for-quote scenario, we don’t feel that they’ve gone far enough with it,” says a regulatory expert at a non-bank market-maker, who

    You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

    Copyright Infopro Digital Limited. All rights reserved.

    You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.

    If you would like to purchase additional rights please email info@fx-markets.com



    Source link