Broker-dealers have provided equity trading algorithms for their clients for some time now. However, many of the algorithms developed for equity trading such as VWAP, TWAP and Implementation Shortfall are ill-suited for Foreign Exchange (FX). The FX markets are too fragmented and the execution methods of FX are very dissimilar to those of the equity markets. As a result, the growth of FX algorithms made available by broker-dealers and banks has lagged behind those accessible in the equity space.

Jack Lemonik and Chip Lowry provide an overview of FIX 5.0 Foreign Exchange enhancements.

Chris Pickles examines compliance and other issues as we approach the run-up to the implementation of the directive later this year.

Kevin Houstoun and Ken Yeadon provide an overview of the FIX protocol FAST initiative and Its implications for the FX markets.

Jack Lemonik outlines how FIX users may implement and integrate the FIX Protocol specifications for foreign exchange trading and the communication networks that may be applied.

Sebastian di Paola examines how automating FX trading can assist in meeting Sarbanes-Oxley compliance.

Jiro Okochi identifies the key areas within hedge accounting that would benefit from automation.

Peter Randall takes a look at the principal rationale behind the decision of FIX Protocol, ISDA and TWIST to collaborate in developing a common industry standard.

Chris Pickles discusses how FIX will enable change and increased efficiency within the FX industry.

The advent of centralized Order Management Systems and electronic dealing for Forex has changed the dynamics of the Fund Managers trading desk says Kees Hollenbach.

Jack Lemonik tells us about why the FIX Foreign Exchange Working Group was formed and how it aims to facilitate FIX implementation in the foreign exchange markets.

The implementation of FAS 133 and IAS 39 can be an onerous undertaking for a company. Robert Richardson shows us how the careful selection of a software system can ease that burden.