Caplin will be a sponsor at the FIX Protocol Asia Pacific Trading Summit in Hong Kong on May 23, taking place at the JW Marriott hotel.
We invite conference participants to visit us at our booth and look forward to seeing you there!
Filed under: AsiaPac, FX, HTML5, Randy Hebert, Single-Dealer Platforms, Web trading technology | Leave a Comment »
“When you assume, you make an ass of you and me.”
The trouble with this aphorism, apart from the fact that you should really take a long, hard look at yourself if you go around regurgitating such trite, hackneyed old twaddle on a regular basis, is it’s usually wrong. Assumption can be trusted to save time, money and effort in almost every case, provided you are in possession of the knowledge necessary to make the right assumption.
If you perform any kind of professional consultancy, you are paid to make assumptions based on your training, experience and talent. Assumptions are educated guesses, and we all make them all the time if we want to get things done. Assumption based on understanding the domain, the user and their stories and the client is what we do. Assumption without understanding is a recipe for disaster, but starting from scratch every time is obviously foolish, costly, wasteful and time-consuming. So…. Read more »
Filed under: Web trading technology | Tagged: design, interaction, Research, user testing, UX | Leave a Comment »
Today the CFTC voted on and passed the rules that will govern how OTC derivatives will trade under the new Dodd-Frank regulatory framework.
The key votes were on:
Regarding the SEF core rules, the RFQ5 rule has been watered down to RFQ3 (although this will start with RFQ2, and be phased in to RFQ3 over a 15mth period)
CFTC Chairman Gary Gensler said in an opening statement that: Read more »
Filed under: CFTC, Paul Blank, Regulation, SEF, SWAPS | Leave a Comment »
Nearly three years after the introduction of the Dodd-Frank Act (DFA), the CFTC has finally announced that this week (Thursday 16th May) it will vote on how OTC derivatives will trade under the new regulatory framework.
The DFA was designed to bring greater transparency and competition into the OTC derivatives markets, and some of the key rules that will be finalised are:
Among the more contentious rules is the so-called RFQ5 rule Read more »
Filed under: CFTC, OTC, Paul Blank, Regulation, SEF, SWAPS, Web trading technology | 1 Comment »
Three of the main FX platforms have now reported their April volumes.
Reuters and FXall showed slight falls in volumes, whilst EBS showed a modest 7% increase on March.
The reported volumes are as follows:
EBS continuing the strong recovery that started in January and saw volumes rise 7% to $128bln/day.
Reuters (including spot matching and dealing platforms) reported a modest dip of 1% to $130bln/day, whilst FXall showing a 2% drop to $108bln/day.
Filed under: FX, Survey Results, Web trading technology | Leave a Comment »
Yet again the ‘Mighty Deutsche Bank’, takes ’1st place for an impressive 9th consecutive year (2013-05), in the 2013 EuroMoney FX Survey rankings.
Key findings:
Filed under: FX, Survey Results, Web trading technology | Leave a Comment »
My thanks to Profit -Loss for quickly posting a correction and clarification to the report they carried yesterday stating that the CFTCs ‘No Action’ letter to Prime Brokers granted exemption for rolling spot trades and thereby releasing firms from their obligations under Dodd-Frank. My Sigh of relief from Prime Brokers post yesterday was partly based on their coverage.
According to Profit-Loss, the CFTC has explicitly told Profit & Loss that yesterday’s letter does not refer to the rolling spot question – bank lawyers are also telling their clients the same thing; however, several sources continue to point out that this does not yet mean rolling spot is included – rather that clarification is still needed. CFTC did not return further calls and emails seeking clarification on the question of rolling spot.
Full article from Profit-Loss here
Confused? Join the club!
Filed under: CFTC, FX, Paul Blank | 2 Comments »
