In an article published today by Eva Szalay in FX Week (http://bit.ly/2bVi4t3) the suggestion is made that FX trading venues are focusing on market data in order to provide themselves with a competitive edge. I would argue that is an example of the tail wagging the dog. With numerous new offerings from both established […]
Many believe the Bank for International Settlements survey to be released in September, which is conducted every three years, will show volumes having fallen. Definitive data isn’t easy to find on the size of the foreign exchange market. There are many ways of trading currencies globally, and unlike equities trading there’s no central point at […]
Biggest challenge is who will lead??? Not When Article 50 gets triggered. http://bloom.bg/294aY5O
Interesting conversation among technology vendors, market makers, and market oversight organizations about “last look”. The FT in an article on December 17th 2015, is titled “Forex investors ready to bid farewell to ‘last look’ abuses” (http://bit.ly/1YvbNqQ) It’s not as simple as investors saying goodbye. Case in point, the Bank of England was unable to decide […]
Another day of large moves. Liquidity Providers complaining about seeing flow from multiple channels simultaneously. Participants complaining about gaps in pricing, and shortages of liquidity. The FX market has a current problem of liquidity mirage, but the very same market participants who complain about it are the very same people who are responsible for creating it. […]
Spreads have to widen and we have to get used to it. No one wants to be first, but somebody will have to do it. Once spreads widen and market participants can cover their costs of risk, communication and regulation, then we will see the banks who have pulled back from market-making come back and […]
In the April 2015 edition of e-FOREX, Richard Willsher addresses the uncertainty over the future course of regulation and whether more trading malpractice may come to light to continue to cloud the foreign exchange market. TraderTools CEO Yaacov Heidingsfeld shares his thoughts, below.
In a January 25th FXStreet post, “Liquidity gaps going to be a major issue for FX market in 2015”, Sean Lee wrote, “What’s of more interest to me is what happens when conditions aren’t fine. When the market is caught heavily on one side of a trade and receives a sudden shock (like the SNB [on January 15th]). Bank dealing and prop desks aren’t there any more in any sort of numbers to pump liquidity in when the proverbial [____] hits the fan.”
In Nicholas Pratt ‘s article “Complex but rewarding – extracting the maximum value from FX Liquidity Aggregation” in the October edition of e-FOREX magazine, TraderTools’ CEO Yaacov Heidingsfeld makes the following observations on the FX
Liquidity mirage and Best practice guidelines
TraderTools CEO Yaacov Heidingsfeld encourages the FX industry, which has traditionally been very good at self-regulation, to approach the central bankers with concrete suggestions on how to increase transparency.