News

Fragmentation - Not Just A Problem For Fixed Income

Fragmentation - Not Just A Problem For Fixed Income

Interesting to hear that FX is facing similar challenges to those faced by Fixed Income.

On the Liquidity Panel at FX Week Europe yesterday the panellists agreed that one size doesn’t fit all.

Some FX traders want firm liquidity, some want tighter prices with last look, some want bank only liquidity, and some want bank and buy-side, some want specific liquidity providers for certain currencies only, some want OTC, some want exchange, some want a transparent market, some want dark pools, some want to clear post trade and some don’t, some want a liquidity provider that doesn’t immediately offload the risk, others don’t mind………..and the list goes on.

What does this mean? FRAGMENTATION

I don’t think FX will get to the same level of fragmentation that we have in Fixed Income and Derivatives markets. But FX participants will still have to connect to the trading venues and manage multiple system upgrades. This also means that liquidity providers need scalable and fast technology.


Share
Filter by section
Most popular stories
Mob Rules - Moving to Virtual Pair Programming

Mob Rules - Moving to Virtual Pair Programming

Like all companies, lockdown has impacted the way we work at TransFICC. We have always championed Extreme Programming as our methodology of choice, so when we decided to close the office at the start of March, this raised some issues around how we would operate with everyone working remotely.


Read More Twitter LinkedIn
All Change - Technology & Efficiency Are The (Old) New Buzzwords in Fixed Income

All Change - Technology & Efficiency Are The (Old) New Buzzwords in Fixed Income

Steve writes for The Financial Technologist - published by Harrington Starr


Read More Twitter LinkedIn
Press Release - TransFICC Secures New Investment From AlbionVC, ING Ventures and HSBC

Press Release - TransFICC Secures New Investment From AlbionVC, ING Ventures and HSBC

TransFICC has closed its Series A investment round for £5.75 million. Led by AlbionVC, it included new strategic investments from ING Ventures and HSBC. The new investors join existing shareholders, Citi, Illuminate Financial, Main Incubator (the R&D unit of Commerzbank Group) and The FinLab.


Read More Twitter LinkedIn
Twitter Feed