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Fixed Income trading in Asia on Single Dealer Platforms on the rise

Posted on March 25, 2013 by Paul Blank

Asian Investor has an interesting article regarding the rise of fixed income trading on SDPs.

Although Bloomberg is still the dominant FI platform in the region (trading up to 70% of volumes), Asian Investors are starting to migrate flows to Single-Dealer Platforms for US Treasuries and Sovereign bonds.

According to Gavin Ottery, head of fixed income e-commerce sales at UBS in Hong Kong.

Hundreds of clients in Asia-Pacific have migrated from voice to electronic for both regional and global cash products, and electronic fixed income trading volumes in the region continue to increase year-on-year, with 2012 being a record year. (more…)

Filed under: Dodd Frank, MDP, OTC, Paul Blank, Single-Dealer Platforms | 1 Comment »

FX multibank platforms mixed Feb volumes figures

Posted on March 10, 2013 by Paul Blank

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

Reuters and EBS showed continued strength, whilst FXall (also owned by Reuters) recorded a new monthly record.

(more…)

Filed under: FX, MDP, Paul Blank, Web trading technology | 1 Comment »

Leading FX platforms report strong increases in volumes

Posted on February 18, 2013 by Paul Blank

Reuters, FXall and EBS have now all released their FX vols for Jan 2013, with a strong bounce in volumes.

The largest increase coming from (more…)

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

FX Options Platforms

Posted on February 8, 2013 by Paul Blank

FX week has a story here about Multi bank FX Options platform SurfaceExchange in acquisition talks with potential suitors.

FX options, fall under the Dodd Frank SEF mandate, and (more…)

Filed under: Dodd Frank, FX, MDP, OTC, Paul Blank, SEF, Single-Dealer Platforms | Leave a Comment »

Latest BofE FX survey data: FX vols down 6%, SDPs continue to outperform MDPs

Posted on January 30, 2013 by Paul Blank

The Bank of England today released their latest semi-annual FX turnover survey results for October 2012.

Highlights

Daily FX vol $1,919bln, down 6% on April 2012, (7% down YoY)

Spot vols down 6% to $678bln/day

Execution via Single Dealer Platforms (SDPs) continues to outperform Multi Dealer Platforms (MDPs).

(more…)

Filed under: FX, MDP, Paul Blank, Single-Dealer Platforms, Survey Results, Web trading technology | 5 Comments »

Whilst SDPs thrive, Bloomberg’s FXGO is MDP to watch

Posted on October 19, 2012 by Paul Blank

Bloomberg’s multi dealer platform FXGO is seeing surge in FX volumes (up 79% YTD, and 65% YoY) according to Tod Van Dam, Bloomberg’s Global Head of FX.

Such performance comes against a backdrop of research from the likes of Celent that Single Dealer Platforms best positioned to dominate FX market, and (more…)

Filed under: Dodd Frank, FX, MDP, Paul Blank, Single-Dealer Platforms, Web trading technology | Leave a Comment »

Single Dealer Platforms best positioned to dominate FX market (Celent Research)

Posted on October 4, 2012 by Paul Blank

New research from Celent confirms Caplin’s long-held view that Single Dealer Platforms (SDPs) will dominate the FX markets.

Contrary to those predicting that Dodd Frank and Mifid II would signal the death of SDPs, Caplin’s position as outlined in our recent white paper, SDPs in a cleared world is that SDPs will remain the dominant ‘relationship channel of choice’ for clients. (more…)

Filed under: FX, MDP, Paul Blank, Regulation, SEF, Single-Dealer Platforms | 7 Comments »

FXSpotStream- now live

Posted on July 31, 2012 by Paul Blank

FXSpotStream, the multibank FX aggregation Consortium ‘Utility’ we first covered back in May, today announced that they are now live for client trading.

The service was built using SmartTrade’s technology platform.

Press release is here

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

Thomson Reuters to buy FXall for $625mln cash

Posted on July 9, 2012 by Paul Blank

Under the definitive agreement, slated to close in the third quarter, Thomson Reuters will pay $22 per share for Nyse-listed FXall, which closed at $15.70 a share on Friday. (more…)

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

Report on Trading Platforms for OTC Derivatives from IOSCO (worth a read)

Posted on February 9, 2012 by Paul Blank

International Organization of Securities Commissions (IOSCO), has just released a follow-up analysis on their Report on Trading of OTC Derivatives.

The analysis looks at the types of trading platforms available for the execution of OTC derivatives transactions in IOSCO member jurisdictions.

In particular:

Chapter 3, provides an ‘Overview of Current Multi- And Single-Dealer Trading Models’

Annex II – Summary of Platform Types and Features

It’s a good paper, not too long, and worth reading.

Filed under: MDP, Paul Blank, Regulation, Single-Dealer Platforms | 1 Comment »

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