Manfred Wiebogen looks at how the economic impact of globalisation together with the current financial crisis may demand some reorganisation in the world currency structure.

Time is money and nowhere can this truism be taken more literally than in the trading world. Algorithmic trading in FX has grown in order to sate the appetite for higher frequency, larger volume trading and more sophisticated strategies all of which can be more easily achieved through the deployment of automated systems.

With Complex Event Processing (CEP) having spread out across the asset classes initially in equities multiple and growing demands for using CEP in the FX space are being made among both sell-side and buy-side firms. Roger Aitken canvasses leading CEP vendors and others on the landscape.

The recent release of the 2009 Forexds Traders Choice Awards provides a rare glimpse inside the broker preferences of average currency traders worldwide. Rather than making an article about yet another FX award, e-Forex magazine asked me to share the unique aspects of the Forexds Awards. For that, Id like to share some personal thoughts going into this 2 year project and then delve into the results beyond what appeared in the May press release.

We review the ProTrader multi asset platform from PFSoft. ProTrader provides a complete solution for retail brokers, market makers and hedge funds. The platform supports a wide range of products and is based on the latest technology. Denis Borisovsky, CEO of PFSoft tells us more about it..

Before a trader can start making money in FX, they must first choose a trading platform from which to work. This is no simple or even relatively easy task such as deciding on a new car or a lawnmower. From broker, to type of service, to checklist of needs and wants, to individual trading style, the choices facing traders are varied and can be quite complex.

The debate about whether relationship trading or anonymous trading is superior is perennial, but now is an opportune time to revisit the methods' relative merits. The emerging competitive electronic trading platforms for the interdealer, multi-dealer, and dealer client markets have facilitated the adoption of electronic trading and the ability to trade anonymously during this decade. This article discusses a number of critical risk and regulatory outcomes from the current financial crisis that focus on the deployment of relationship trading vs. anonymous FX trading.

A fully regulated, diversified asset manager located in Jersey, Channel Islands.

Derek Sammann, Managing Director, Global Head of foreign exchange at CME Group

CLS Group and interdealer broker, ICAP, are creating a new joint venture (JV) to provide trade aggregation services to participants active in the over the counter FX market. The new business, initially named CLS Aggregation, is designed to address the rapid increase in foreign exchange trading as an asset class by a widening group of hedge funds, algorithmic traders, retail and institutional market participants, which have brought substantially higher volumes to the foreign exchange industry.