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EBS-Best Practice in Aggregation

Posted on June 17, 2013 by Paul Blank

A timely publication by Gil Mandelzis, CEO of EBS on Best Practice in Aggregation highlights some key points:

An aggregation provider aims to consolidate the liquidity streams from multiple venues to provide best price and execution to its customers, who then no longer need to deal through multiple screens or connections. Aggregation providers in essence create a private marketplace unique to each customer, with the promise of optimising and personalising execution quality and effectiveness.

EBS believes that aggregation providers bring real value to the market. While there are many customers who choose to build and support their own aggregation solutions, these third party providers present a compelling value proposition to those who choose to outsource this service. (more…)

Filed under: CEP, FX, Paul Blank | Leave a Comment »

Deutsche Bank Autobahn goes mobile

Posted on June 12, 2013 by Paul Blank

Deutsche Bank today announced the launch of Autobahn Mobile, a flagship initiative to make its Autobahn sales, trading and research platform available via mobile devices (although dealing is not yet available)

Autobahn Mobile allows institutional and corporate clients to access Deutsche Bank’s electronic content and features from across the Autobahn platform, including the Autobahn App Market and toolbar. Autobahn provides access to Deutsche Bank’s wealth of sales, trading and research know-how as well as transaction banking services. (more…)

Filed under: FX, Paul Blank, Web trading technology | Leave a Comment »

Now FX fixing rates being investigated!

Posted on June 12, 2013 by Paul Blank

Bloomberg report that traders at some of the world’s biggest banks manipulated benchmark foreign-exchange rates used to set the value of trillions of dollars of investments, according to five dealers with knowledge of the practice.

Employees have been front-running client orders and rigging WM/Reuters rates by pushing through trades before and during the 60-second windows when the benchmarks are set, said the current and former traders, who requested anonymity because the practice is controversial.

Dealers colluded with counterparts to boost chances of moving the rates, said two of the people, who worked in the industry for a total of more than 20 years.

The UK markets watchdog has launched a preliminary investigation into foreign exchange rates trading after receiving complaints alleging that traders at leading banks were putting in trades ahead of customer orders and attempting to manipulate benchmarks.

More here: Bloomberg and FT and good article here from FTAphaville

Filed under: FX, Paul Blank, Regulation | 1 Comment »

FX multibank platforms May 2013 volumes figures

Posted on June 11, 2013 by Paul Blank

Three of the main multi-bank FX platforms have now reported their May volumes.

Reuters (including spot matching and dealing platforms) showed the largest gain up 8% to $140bln/day, and EBS a modest 2% drop to $126bln/day, whilst FXall (also owned by Reuters) unchanged at $108bln/day.

he longer term trend of the three platforms can be seen here in the following chart.

Filed under: FX, Paul Blank, Web trading technology | Leave a Comment »

Tibco to acquire Streambase

Posted on June 11, 2013 by Paul Blank

Interesting to see TIBCO announcing they are to buy CEP provider Streambase.

Matt Quinn, CTO of TIBCO Software says:

“This combination extends our event-processing abilities and provides a terrific opportunity to address a growing number of use cases for data in motion – in financial services and beyond.”

Streambase CEO Mark Palmer:

Today we are excited to announce that we are now part of TIBCO Software. Mark Palmer, CEO StreamBase and now VP TIBCO StreamBase introduces the acquisition on our blog. To learn more please read the press release or visit the TIBCO Software Event Processing page.

In an interesting twist, Streambase is used by Thomson Reuters within their Eikon platform, and so will be interesting to see if this acquisition changes that, although as TIBCO used to be owned by Reuters, perhaps not.

According to research from Aite Group, global spend on commercial CEP technology is expected to reach $184mln in 2013. The report focused on six leading CEP vendors that participated in Aite Group’s survey: Informatica, OneMarketData, Progress Software, Streambase, Sybase, and TIBCO.

Meanwhile, over at Progress, they have just announced the acquisition of SaaS based Rollbase. The play is clearly on Big data in the cloud!

In the Capital Markets Space, CEP providers such as Streambase and Progress Apama are used by a number of banks for FX liquidity aggregation, Smart Order Routing, and algorithmic trading, although Progress Apama has greater footprint and client base in that area.

The big question however will be, if CEP parent companies refocus on cloud based Big Data analytic’s, will they de-emphasise their Capital Markets offerings?

Filed under: CEP, FX, Paul Blank | 2 Comments »

Caplin Systems booth at the FIX Protocol APAC Trading Summit in Hong Kong

Posted on June 4, 2013 by randyhebert

Caplin Systems were one of the 30+ sponsors at the FIX Protocol trading summit in Hong Kong on May 23.

(more…)

Filed under: AsiaPac, FX, HTML5, Randy Hebert, Scott McLeod, Single-Dealer Platforms, Web trading technology | Leave a Comment »

BNP Paribas: New corporate FX Platform ‘Centric’

Posted on May 20, 2013 by Paul Blank

BNP Paribas has released their new corporate FX platform called Centric.

According to the website:

CENTRIC is a seamless multi-product application based platform, configured not only to optimise efficiency, but help corporate treasurers do business. CENTRIC is a new way to put your organisation’s cash to use – going beyond managing risk and optimising liquidity, and helping you to make your underlying business stronger.

Whether you’re looking for the latest research and market commentaries, cash management services, trade finance products or wanting to execute FX trades and payments. CENTRIC has been designed to offer you increased choice and control of all your treasury business operations from the convenience of a single platform.

The platform comes after the launch of their Cortex platform last year. (more…)

Filed under: FX, Paul Blank, Single-Dealer Platforms, User Experience (UX) | Leave a Comment »

Visit Caplin at the FIX Protocol APAC Trading Summit in HK

Posted on May 18, 2013 by randyhebert

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 »

EBS and Reuters/FXall April FX volumes released

Posted on May 9, 2013 by Paul Blank

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 »

EuroMoney 2013 FX Poll Results

Posted on May 9, 2013 by Paul Blank

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:

Deutsche take 1st place for 9th consecutive year, and for first time since 2008 reverses the fall in market share, with a 4.26% YoY rise to 15.18% (14.56% last year), compared to 21.7% in 2008.

Citi continues to power ahead, with market share up 21.53% YoY to 14.90% (12.26% last year), compared to 7.49% in 2008 (see here for Citi Velocity post which is built on Caplin’s technology)

Bank America Merrill Lynch (BAML) enter the top ten, up 2 places with a 27.80% YoY gain to 3.08% (2.41% last year)

Eight of the top twelve banks see fall in market share YoY (lead by Credit Suisse, down to 3.7% from 4.68% last year, a near 21% YoY drop) (more…)

Filed under: FX, Survey Results, Web trading technology | 1 Comment »

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