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The Trading Mesh

Tata Communications's Blog

Is FX Voice Trading Dead?

November 30, 2012 Comments (0)           

By Candyce Edelen

FX Spot Trading Has Moved from Voice to Electronic
Historically, the FX business was always transacted via voice. Clients would pick up a phone to call sales trader and place an order, the sales trader would shout across the room to the trader to get a price. They would agree, and use a paper ticket to send the order to the trader, who would then manually hedge the order.
 
For liquid currencies, particularly G10 currencies, volumes have increased dramatically over...

4 Barriers to Improving Execution Quality in FX

November 19, 2012 Comments (0)           

By Candyce Edelen
Understanding and improving execution quality is an emerging discipline. Pricing is not normalized in FX. Different customers will receive different prices based on their risk, margin, trading style, etc. But an increasing number of institutional and corporate clients are beginning to analyze execution quality in an effort to reduce their foreign currency trading costs.
TCA is Seeing Growing Adoption in FX
Research published by Greenwich Associates based on a poll of...

5 Reasons FX Liquidity Aggregation Is So Challenging

November 9, 2012 Comments (0)           

Aggregating FX liquidity is more complicated than it appears. Here are five of the biggest challenges.
From the surface, aggregating liquidity for FX trading looks fairly straightforward. Most venues support FIX, and trading protocols for spot FX are not particularly complicated. But look under the surface, and things get more complicated. Here are some of the issues:
1. Fragmented Liquidity
The FX market is extremely fragmented. There are two primary markets, dozens of ECNs and multi-dealer...

Global FX Connectivity: It’s a Big World

October 17, 2012 Comments (0)           

by Candyce Edelen
The other day, I had an opportunity to talk with Darren Jer from MarketFactory and John Knuff from Equinix as we planned our webcast session talking about connectivity in the FX market. The live webcast is on Thursday, October 25th at 11:00 am EDT.
Here’s a link to the registration page.
We’ve got some great speakers for this event. Darren Jer is the co-founder and COO of MarketFactory, a company that specializes in providing FX trading gateways. John Knuff is...