This migration of retail FX trading to venues at arm's length from FX dealer banks has contributed to the decline in spot trading classified as retail-driven in the Triennial (Graph 3, right-hand panel). Implications for FX market activity across instruments. The decline in leverage and risk aversion also affected activity across FX instruments. Cboe FX brings the powerful benefits of an independent, transparent ECN marketplace structure to institutional foreign exchange trading. These benefits include full depth-of-book view, centralized price discovery, direct and anonymous market access, instantaneous trading on live, streaming prices and robust real-time pricing, benchmark, and reference data. Like precious metals, forex is also a spot based investment product based on OTC trading. The result is that OTC derivatives such as spreadbets, CFDs and margin forex that are based on spot FX prices aren’t UTOTV. Therefore they don’t fall under scope. The Esma opinion says that where a derivative shares the same reference data as another which is traded on a trading venue, then reporting requirements will apply. From this it seems that all reference data - including maturity, which many were concerned about - is included, except for fields five to 12, which relate to the issuer.
Thomson Reuters Matching, Dealing and FXall platforms, regulated trading venues, Thomson Reuters SEF and FX Trading Key Benefits for Spot Traders.
FXall, the dealer-to-client platform acquired by Thomson Reuters in 2012, has 1,700 institutional clients and 160 market makers. The company’s interbank platform, Thomson Reuters Matching, is a key trading venue for commonwealth currencies, and average daily spot volume across venues averaged $100 billion in 2016. Option 1 – Defining FX spot contracts as contract with a settlement of up to T+2. FX contracts with a settlement period of more than two days (T+2) would be automatically considered as FX derivative contracts and hence qualified as financial instruments in scope of the MiFID II requirements.
In general, the FX markets are fragmented. There is not a single exchange like the NYSE. Instead, they are either traded through so-called interbank platforms
Thomson Reuters Matching, Dealing and FXall platforms, regulated trading venues, Thomson Reuters SEF and FX Trading Key Benefits for Spot Traders. 22 Feb 2018 MarketFactory chairman James Sinclair sets out the reasons why FX liquidity could number of trading venues, according to a new industry white paper. Foreign exchange: Leading banks back new spot FX platform ParFX
FXall, the dealer-to-client platform acquired by Thomson Reuters in 2012, has 1,700 institutional clients and 160 market makers. The company’s interbank platform, Thomson Reuters Matching, is a key trading venue for commonwealth currencies, and average daily spot volume across venues averaged $100 billion in 2016.
A foreign exchange spot transaction, also known as FX spot, is an agreement between two parties to buy one currency against selling another currency at an 8 Dec 2019 It has seen further electronification and increasing variety in trading venues and protocols. In spot, FX intermediation has tilted towards Thomson Reuters Matching, Dealing and FXall platforms, regulated trading venues, Thomson Reuters SEF and FX Trading Key Benefits for Spot Traders. 22 Feb 2018 MarketFactory chairman James Sinclair sets out the reasons why FX liquidity could number of trading venues, according to a new industry white paper. Foreign exchange: Leading banks back new spot FX platform ParFX In general, the FX markets are fragmented. There is not a single exchange like the NYSE. Instead, they are either traded through so-called interbank platforms Article describes 'FX spot contracts' in the context of MiFID II. should not be considered financial instruments provided they are not traded on a trading venue.
8 Dec 2019 It has seen further electronification and increasing variety in trading venues and protocols. In spot, FX intermediation has tilted towards
12 Jun 2018 Quantitative Finance > Trading and Market Microstructure Exchange (FX) spot price spreads with and without Last Look on the transaction. the Last Look option which is a feature of some trading venues in FX markets. 22 Mar 2017 This means that effectively any trading done outside of the base currency in i.e. throwing in speculative spot transactions to MiFID 2 reporting is execution factors, execution venues being used and any specific instruction. 12 Mar 2014 "A bank's spot [currency trading] desk doesn't generally beat the market," Marney adds. "They extract profit from their orders. Orders are 16 Jan 2017 "As opposed to spot trading where there is immediate delivery, a rolling Hence rolling spot foreign exchange contracts are a type of derivative goods, services or direct investment; and; it is not traded on a trading venue. Trade FX derivatives electronically through our Multilateral Trading Facility (MTF) and meet execution requirements under MiFID II. With one single platform, you can trade FX spot, forwards, swaps, NDFs, and options with MTF, SEF, and off-venue execution and with FXall’s request-for-quote (RFQ) or Matching central limit order book. An estimated US$520 billion (32% of the spot FX market) was executed daily through electronic trading venues in 2012, making this the largest type of spot FX execution venue. Customer direct execution: Trading between a reporting dealer and a client or non-reporting dealer via direct telephone conversation or RCD has likely fallen from 21.3% to 17.9%. You can also trade the way you want, when you want because FXT brings together a number of our trading venues. With spot, forwards, swaps, NDFs, options, precious metals, and money markets, you can execute all of your trades through one single solution. FXT liberates the infrastructure of traditional FX key stations