Why the future of FX is in the cloud

The momentum behind cloud in financial services is building, and quickly. With big names such as IBM moving into the space, it signals that this is the future of financial markets infrastructure. Looking specifically at FX, there are many reasons to believe that firms are shifting towards this technology as a central component of their technology stack.

Continue reading Why the future of FX is in the cloud

Back to the Future: A Renaissance for FX Single Dealer Platforms?

The importance of relationships in FX has proved central to institutional trading in recent months. Not that relationship trading ever went away in the FX markets. However, in a clear ‘Back to the Future’ development, the role of the single dealer platform (SDP) is once again having a resurgence.

Continue reading Back to the Future: A Renaissance for FX Single Dealer Platforms?

Last orders for the weekly commute? Don’t Bank on it

As pubs and restaurants begin to open their doors in England, so too are the world’s global banking giants. After a prolonged period of working from home, many of the top banks such as HSBC and Goldman Sachs have announced plans to urgently bring workers across the world back into the office. 

The question is: Why the rush?

Continue reading Last orders for the weekly commute? Don’t Bank on it

Why increasing cost pressures mean banks need to put their ‘head in the cloud’

It is true that banks are having to do more, with less budget. Recent headlines have demonstrated we’re currently operating in an increasing cost pressured environment. The solution for some banks has been cost cuts through staff reductions – but is this always the right answer?

Continue reading Why increasing cost pressures mean banks need to put their ‘head in the cloud’

The Rewards of Outsourcing Risk Management Software.

With increasing popularity to outsource FX technology at banks, Vikas Srivastava, Chief Revenue Officer at Integral, gets to the core of the matter and explores how to outsource the notoriously complex risk management technology stack.

Integral recently spoke on a Greenwich Associates Webinar discussing the key technology criteria an FX desk at a bank needs to compete. It came as no surprise that during an interactive polling session with the audience, senior representatives from regional banks cited risk management was the hardest component of the FX technology stack to outsource.

Continue reading The Rewards of Outsourcing Risk Management Software.

UMR extension: Building a roadmap for the buy-side

On the surface, the news that BCBS and IOSCO have granted an extension to the final phase of the Uncleared Margin Rules (UMR) is likely to be welcomed by asset managers currently trading uncleared derivatives with a notional between $8 billion and $50 billion.

The extension pushes the initial margin compliance date out by exactly one year to September 2021 for an estimated 8000 firms. However, this additional year does not apply to the 1000+ firms that have a notional threshold between $50 billion and $750 billion. And to be honest, the truth is that much elbow grease is still needed in the coming months to prepare for what is essentially a major structural change, regardless of whether an asset manager falls under Phase 5 or Phase 6.

Continue reading UMR extension: Building a roadmap for the buy-side

Why now is the time for a fresh approach towards FX technology at banks

In an era where pundits like to predict doom and gloom for banks FX businesses, Integral’s Chief Revenue Officer Vikas Srivastava offers a different perspective that shows how a change in the approach towards technology can allow heads of FX desks to significantly increase their profits – even during the periods of low volatility.

We’re all aware that the size of the FX pie hasn’t been growing. The latest triennial survey by the BIS supports this sentiment, having flagged a decline in FX volumes for the first time in 15 years. After the slow-down in market activity amidst the spate of regulations that the FX market had to contend with it is quite likely that the worst may be behind us. Continue reading Why now is the time for a fresh approach towards FX technology at banks