The value of social media within Single Dealer Platforms

In an earlier post, I touched on how social media can and is being used as a predictive indicator within trading platforms.

A more obvious use case for social media, is of course as a real-time communication channel (with immediate feedback loop) within the overall sales distribution channel of banks and brokers to their clients. Continue reading

London daily FX vols rise to record $2.191 trillion (+30% yoy) – Bank of England official data

Today the Bank of England published the latest Semi Annual Bank of England FX survey (for April 2011), showing that Daily London FX vols at a record $2,191bln.

The survey shows that: Continue reading

RIM decline accelerates

I’ve been predicting for the last couple of years that the new generation of smartphones (iPhone, Android) would eat the BlackBerry’s lunch in the corporate market.

Over the last twelve months, RIM’s marketing department has been spinning like crazy to try to dispel this impression. As recently as February, The Telegraph  ran a very upbeat article about the BlackBerry’s “impressive new sales figures”.

But all to no avail. RIM today announced that it will cut 2000 jobs (11% of its workforce), with quarterly results worse even than its gloomy forecast. Its share price has halved since January.

One thing everyone seems to agree on: the BlackBerry’s accidental youth phenomenon could be the answer, now that BBM has become the messaging platform of choice for a new generation. Let’s hope for its sake that RIM is agile enough to make the most of this unexpected opportunity.

Made me go back and re-read a couple of interesting articles I recently blogged about, highlighting the contrast between RIM’s and Apple’s cultures.

Devin Wenig, CEO of Reuters Markets Division, leaves the company

More changes at the top for Thompson Reuters.

Devin Wenig, CEO of Reuters Markets Division has resigned from Reuters.

He is leaving less than a month after the appointment of Continue reading

Will top FX banks continue to lose market share to regional banks

The FX technology arms race continues unabated, with the top banks jockeying for position in the global FX rankings.

Leading banks in the global FX business are highly innovative, with a deep understanding of their clients risk management requirements. They also have the ‘luxury of large budgets’ and correspondingly large and talented in-house technical competence required to develop and deploy highly sophisticated functionality spanning the full trade life cycle from pre-trade, execution, through to rich post trade reporting tools targeted to specific client segments.

It’s also the case, that Continue reading

First anniversary of Dodd-Frank

It’s only fitting that on the first anniversary of the Dodd Frank Act (DFA), that my favorite (and most insightful, not to mention funny) blogger on the topic, the one and only Streetwise Professor should post yet another damning indictment of this flawed legislation.

As the Prof says; Continue reading

Single-Dealer Platforms: (5) the client segment axis

This is number 5 in a series, expanding on my original post about all the ways in which SDPs are evolving. This post will discuss the broadening range of end user segments targeted by SDPs.

Before the beginning

Early on, SDPs weren’t really “targeted” at all. I remember many years ago, in one of the first SDP projects we were ever involved in, asking the project sponsor (a CTO at a tier-1 global bank) who the primary users were going to be. He said Continue reading