Author: John McGrath

BidFX and Finastra partner to offer automated trading workflow

NEW YORK / LONDON / SINGAPORE, March 15, 2022 – BidFX, a leading execution management system designed for the 6.6 trillion daily FX market, is pleased to announce its integration to Finastra’s Fusion Confirmation Matching Service (CMS), ensuring capabilities right through from execution to settlement for mutual clients.  BidFX Chief Revenue Officer, John McGrath, commented, “Partnering with a market […]

BidFX connects to OSTTRA to streamline OTC FX client clearing

LONDON / SINGAPORE, February 9, 2022 – BidFX, the leading cloud-based provider of electronic foreign exchange trading solutions, is introducing support for FX clearing to investment managers via OSTTRA’s clearing connectivity service. Integration with OSTTRA’s clearing connectivity solution provides BidFX clients with the ability to submit trades directly to leading CCPs. Participants trading on BidFX can benefit from […]

Key data insights from ACI Australia 2021 Conference

BidFX extract from expert panel ‘How data is changing the face of the FX markets’ at ACI Australia 2021 Conference, 30 November 2021.  On the #1 impact from data on doing business As an EMS sitting between buyside and sellside, the role of data is to facilitate a marketplace that works for both sides and […]

Key data insights from ACI Australia 2021 Conference

BidFX extract from expert panel ‘How data is changing the face of the FX markets’ at ACI Australia 2021 Conference, 30 November 2021.  On the #1 impact from data on doing business As an EMS sitting between buyside and sellside, the role of data is to facilitate a marketplace that works for both sides and […]

FX trading for asset managers and the ‘rise of the machine’

Just as Amazon started out selling only books, before dominating the entire online retail world, so it seems for FX platforms, which began by offering simplicity in execution and have now evolved into slick interfaces that are enabling a progressively wider realm of services than one might expect.FX platforms now offer multi-asset managers an entire […]

Combining FX data and analysis gives asset managers insight to preserve alpha

Daniel Chambers on FX cost analysis

Everyone now knows the value of “big data.” However, as with everything that is perceived to have some value, owners have quickly become protective. Some FX platforms are disrupting this trend, realising that the power of data collection from varied sources can enhance the decision-making process and Alpha opportunities for both buy- and sell-side clients.  […]

XTX Markets’ execution algo now on BidFX Algo Hub

NEW YORK / LONDON/ SINGAPORE, 14 JULY 2021 – BidFX and XTX Markets are pleased to announce the full roll-out of XTX Markets Execution Algo on BidFX Algo Hub. It is an implementation shortfall execution algorithm that BidFX clients can now access as algorithmic trading in FX continues to increase.New BidFX Chief Revenue Officer, John […]

Commerzbank AG adds FX algo strategies to BidFX

BidFX, the leading cloud-based provider of electronic foreign exchange (FX) trading solutions, today announced that Commerzbank AG, the leading bank for the German Mittelstand and a strong partner for corporate and institutional clients, has made its five FX algorithmic strategies available on the BidFX platform. Clients can now access Commerzbank’s FX Algo Suite directly on […]

One-two punch: New BidFX offering solves data access and storage challenges and bolsters liquidity analysis in equal measure

As participants in a massive and highly competitive market, foreign exchange traders need access to cutting-edge tools to remain competitive and effectively source liquidity. At BidFX, we strive to meet this need through our powerful technology suite, which includes our EMS platform, risk and compliance modules and transaction cost analysis (TCA), among other functionalities.These offerings […]

BidFX launches multifaceted data and analytics suite for FX trading

NEW YORK / LONDON/ SINGAPORE, 9 MARCH 2021 – BidFX, a leading cloud-based provider of electronic FX trading solutions for institutions and a wholly-owned subsidiary of SGX Group, today announced the launch of BidFX Data and Analytics. This new offering is the latest addition to BidFX’s powerful suite of offerings for financial institutions, which includes […]

What’s next for FX: In conversation with Matthew Reid, SimCorp and John McGrath, BidFX

Foreword by Matthew Reid, Product Manager, Director of SimCorp’s Order Manager solution. With its far-reaching remit, MiFID II reshaped European institutional financial markets, with a series of measures that sought to address and improve Over The Counter (OTC) market transparency. Following the third anniversary of this landmark regulation, we take a look at the subsequent […]

BidFX expands Algo Hub, adds State Street’s algorithms to platform

NEW YORK / LONDON/ SINGAPORE, 8 DECEMBER 2020 – BidFX, the leading cloud-based provider of electronic foreign exchange (FX) trading solutions, today announced that State Street, one of the world’s leading providers of financial services to institutional investors, has made its four FX algorithmic strategies available on the BidFX platform. Clients can now access State […]

BidFX partners with C8 Technologies to offer tradable FX indexes

LONDON / SINGAPORE, 29 OCTOBER 2020 – BidFX, the leading cloud-based provider of electronic foreign exchange trading solutions, today announced its partnership with C8 Technologies, the direct indexing pioneer, which will enable asset managers to undertake direct indexing via their chosen relationship banks, available on the BidFX system. This will allow C8’s tradable FX indexes […]

How has technology changed the dynamics of FX trading

I do not think technology can replace the instincts and experience of a good trader or the excellent service that many forward-looking LPs provide to their clients. Instead, I believe backend automation opens more possibilities for traders… Alan Dweck, Chief Operating Officer These strange times have created many challenges for both foreign exchange (FX) markets […]

Preparing to spin out with Jean-Philippe Malé

In this exclusive interview with Adam Toms, CEO of OpenFin Europe, Jean-Philippe Malé spoke about his personal journey with intrapreneurship, moving to Singapore and BidFX disrupting the FX market with not just new technologies, but also by being the humans of FX.

BidFX releases flagship FX desktop trading application on OpenFin

LONDON / NEW YORK / SINGAPORE, 17 SEPTEMBER 2020 – BidFX, the leading cloud-based provider of electronic foreign exchange trading solutions, today announced a significant addition to its product range delivered via OpenFin, the operating system (OS) of finance. BidFX now offers a desktop-installed web application supporting the layout of window-based components that interoperate securely […]

Global Prime partners BidFX to reduce overnight funding rates by over 50%

SYDNEY, 20 August 2020 – Australian-based Global Prime (www.globalprime.com) partners with institutional FX solutions provider BidFX to expand and centralise access to the interbank funding market. The solution has reduced overnight funding rates (swaps) for its retail and institutional clients by over 50%. Liquidity in funding markets has become increasingly fragile, and as a result […]

SGX to fully acquire BidFX, advancing its global ambitions to offer end-to-end FX platform and solutions

Acquisition will accelerate momentum to establish SGX as a one-stop venue for international FX OTC and futures participants Continued revenue growth in BidFX driven by record trading volumes and onboarding of new clients Singapore Exchange (SGX), Asia’s most international multi-asset exchange and largest FX derivatives marketplace, today announced that it would acquire the remaining 80%[1] […]

BidFX enhances mobile app to boost remote trading

The ability to work orders on the go is an invaluable tool to our traders through these unprecedented times. Thanks to this latest version of the BidFX mobile app, we can continue to perform at an optimum. Marko Stanojevic, Vice President of NDF Trading, Dax Partners LONDON / NEW YORK / SINGAPORE, 10 JUNE 2020 […]

BidFX expands further into frontier markets, adds ICBC Standard

LONDON / NEW YORK / SINGAPORE, 6 MAY 2020 – BidFX welcomes global markets banking specialist ICBC Standard as the newest liquidity provider on the leading FX EMS. BidFX, an industry trading and workflow management solution for institutional FX clients, is delighted to announce that ICBC Standard has joined as their newest liquidity provider. BidFX […]

BidFX liquidity offering keeps growing, adds SEB

BidFX welcomes Skandinaviska Enskilda Banken AB (SEB), newest liquidity provider on the FX platform BidFX, an industry leading EMS designed for the 5 trillion daily FX market, is pleased to announce that SEB, one of the best-known Scandinavian banks, has joined BidFX as their newest liquidity provider.BidFX head of Nordic Sales, Peter Bondesen, commented, “The […]

Recruiting during COVID-19 lockdown

We are all living through tough times. The world has locked down to fight the coronavirus. Economic activity has stagnated, and a deep recession will surely follow. In the immediate fallout, many good people are finding themselves out of work. At least the banks in the City are putting a pause to planned redundancy programmes […]

Coronavirus (COVID-19)

As awareness around the Coronavirus (COVID-19) heightens, we at BidFX remain committed to our employees, clients, and partners to provide the utmost care, safety, and well being during this time. As our industry continues to navigate through increasing travel and work-related restrictions, we offer best practices for business continuity. Current and prospective clients can access […]

SGX’s Asian FX Futures volume rises as global participants prepare for regulatory changes

Strong growth in trading volumes in US and European trading hours Provides OTC clients with centralised clearing via its FlexC FX futures as well as an enhanced BidFX OTC platform Singapore Exchange (SGX) remains the world’s largest Asian foreign exchange (FX) futures marketplace, posting record volumes in 2019 as international investors seek trading opportunities in […]

BidFX eyes expansion in execution tools and algos

Buy-side focus on FX exposure will drive development BidFX is building a wider range of execution tools and adding more algorithms to its platform, as the firm believes they will play a bigger role in the foreign exchange market, says chief operating officer Alan Dweck. The move is driven by the buy side’s demand for […]

BidFX mobile app released

You don’t get ahead by standing still. Mobility is a fundamental building block of success in almost any human endeavour. In serving customer needs, BidFX strives to be at the front of the crowd and to lead from there. We chose to go mobile because forward-looking clients demand it. This year we mobilised a team […]

New trademark for digital media

When we designed the original BidFX®logo, we started with the company name – in a bold sans-serif font – enclosed in a clean square border. To represent the growth potential of FX trading, we incorporated an upward trending price chart with an exponential flourish. The result, when finished in Royal Blue, is a strong corporate […]

Nomura makes Tsuwamono FX algorithms available On BidFX

LONDON, 31 OCTOBER 2019 — Nomura, Asia’s global investment bank, has made its five FX algorithmic strategies available on the BidFX platform. Clients can now access Nomura’s FX Algo Tsuwamono Series on BidFX. Each strategy offers a wide range of flexibility on executions suited to client requirements and trading preferences. Ian Daniels, Nomura Head of […]

BidFX algo offering continues to grow, adding RBC

BidFX is happy to announce RBC Capital Markets as the latest Algo Provider to add their Algo suite to the BidFX EMS. The RBC Algo suite is immediately available to all RBC clients and has seen large demand from institutional clients on the platform. BidFX CRO, John McGrath, commented, “We are very happy to see […]

Wai Kin Chan joins BidFX as Head of Asia Pacific

London, 16 September 2019 – BidFX is proud to announce and welcome Wai Kin Chan as the Company’s new Head of Asia Pacific. Wai Kin will be responsible for sales team leadership, driving sales growth in the region as well as general management responsibilities across Asia Pacific. Wai Kin was previously the Head of Asia […]

First week graduate training at BidFX

TDD training offsite. That’s me in the corner. As new graduates we had little idea what would await in the first week of our careers. To tell the truth, we didn’t really know what to expect of working at BidFX. The graduates in this year’s intake first interviewed at BidFX some ten months before joining […]

BidFX liquidity offering keeps growing, adds Jump Liquidity

BidFX Welcomes Jump Liquidity; Newest Liquidity Provider On The FX PlatformBidFX, an industry leading EMS designed for the 5 trillion daily FX market, is pleased to announce that Jump Liquidity, one of the world’s leading proprietary trading firms, providing bespoke liquidity to counterparties, has joined BidFX as their newest liquidity provider. BidFX CRO, John McGrath, […]

Case Study: Florin Court Capital

Business profile  Florin Court Capital is a systematic hedge fund company established in London in 2015, with total assets under management of approximately $800m. The company’s trading models encompass trend-following and other systematic strategies on a broad range of alternative markets. Asset portfolios are constructed using mathematical models and cover asset classes including equities, currencies, […]

BidFX from the perspective of a sales intern

 “An internship is like a trial run, you get to try out the firm and they get to have an extended interview with you.” Finishing university brings about a plethora of exciting yet intimidating and difficult decisions. Students are faced with an interesting dilemma when it comes to making money and using their degree to […]

Somewhere up the lazy river

All work and no play makes Jack a dull boy, or so the proverb goes. At BidFX we encourage our engineers to be the antithesis of boring. To maintain the sparkle, we believe in getting out of the office into the sunlight to re-charge our complexions, mentally recuperate and enrich wellbeing. We abandon central London […]

BidFX expands global presence to meet client demand

BidFX Systems Ltd, a division of TradingScreen (TS), announced the opening of new offices in Italy and Australia in response to their large recent increase in market share in the eFX space.   Based in Milan, BidFX Italy will be headed up by Carlo Scotto. Carlo was more recently at FXALL/Thomson Reuters (now Refinitiv) where […]

Keeping up with changes

Alan Dweck, Head of Sales APAC Alan Dweck of BidFX, reflects on the evolving state of the e-FX markets and the solutions BidFX deploy to ensure the best possible results. Q How do you view the changes to the e-FX markets  and what do you view are the key challenges facing the e-FX markets today? […]

Why are firms failing on Mifid II reporting?

Earlier in April, regulatory consultancy Bovill suggested that nearly one in four firms submitting transaction data under Mifid II rules filed inaccurate returns. We dug further into the findings and asked compliance experts why firms are struggling to comply with the new regulations. Matthew Chapman, senior principal consultant at ACA Compliance, suggested that there has been a […]

BidFX algo offering keeps growing, adds Standard Chartered Bank

BidFX is happy to welcome Standard Chartered Bank’s full Algo suite to its market leading Algo offering. The SCB Algo suite is immediately available to all SCB clients; and is the newest algo liquidity provider on the FX platform expanding on their already comprehensive FX offering on BidFX. BidFX CRO, John McGrath, commented, “SCB are a […]

P&L Talk Series with BidFX’s Jean-Philippe Malé

BidFX recently announced that Singapore Exchange (SGX) has bought a 20% stake in the company, with an option to acquire a controlling interest. The firm’s CEO, Jean-Philippe Malé, talks to Profit & Loss about the rationale behind the deal, and some of the structural trends that he sees shaping the FX market.   Profit & Loss: […]

SGX expands FX growth pillar with strategic investment in BidFX

SGX expands FX growth pillar with strategic investment in BidFX SGX sees opportunity in bringing together FX futures, OTC markets BidFX accelerating sales, development of next-generation cloud-based FX trading platform Singapore Exchange (SGX), Asia’s most international multi-asset exchange and largest foreign exchange (FX) marketplace, today announced it has acquired a 20% stake in BidFX, including […]

Holiday season donations

To all our Clients and Strategic Partners, As the Holiday Season gets closer BidFX has decided to donate this year’s marketing budget traditionally spent on Holiday Season cards to 2 charities. Firstly reflecting our Global reach we have selected Unicef – keeping children safe. Secondly, reflecting our London HQ we have chosen the London Children’s […]

BidFX: Rolling out a new FX Algo Wheel

John McGrath, Chief Revenue Officer at BidFX, talks to TRADE TV at TradeTech FX Europe about the firm’s recent launch of its FX algo wheel which is already seeing significant trading volumes.

IHS Markit adds BidFX to MarkitSERV FX post trade network

MarkitSERV integratses with BidFX LONDON, 11 September 2018 – IHS Markit (Nasdaq: INFO), a leading global provider of financial information services today announced that MarkitSERV will offer integration with BidFX, an industry leading execution management system (EMS) in the $5 trillion daily FX market, for straight through post-trade processing of FX trades, including FX spot, […]

Internships at BidFX

We weren’t sure what to expect initially from our internship with BidFX. As Computer Science students in our second year at Imperial College London we didn’t have any previous experience of foreign exchange or working in Fintech but that didn’t stop us working on some exciting problems over the past few months. From the very […]

Project management at BidFX

BidFX offer the world’s best FX Execution Management System. Having been at BidFX for just over one month, my first impressions have been overwhelmingly positive. In my role as a project manager I have the luxury of getting to work with everyone in the company. While there are differences in what the various teams do, […]

Secret dev offsite

Last week the BidFX dev team went on a mystery day trip. During the minibus journey towards a classified location, many guesses were made as to where we were heading, everything from London zoo, to some dilapidated fairground we passed. It took quite some time, and a bit of cheating with Google maps, before we […]

SGX rolls out new FX solution with innovative flexible features

New SGX FlexC FX Futures offer market participants the ability to trade customisable foreign exchange (FX) futures in an over-the-counter (OTC) manner and clear the trades on SGX’s platform Singapore Exchange (SGX), which operates Asia’s largest, most diverse and fastest growing FX exchange, today announced it will launch SGX FlexC FX Futures that aim to […]

BidFX completes integration with Orchestrade Financial Systems to offer clients full e-FX

LONDON, 21 June 2018 – BidFX, the industry leading EMS designed for the $5 Trillion daily FX market, today announced full integration with Orchestrade’s core portfolio management and risk system. Clients’ ranging from asset managers to hedge funds can now benefit from this integration which results in seamless communication and connectivity between BidFX’s Execution Management […]

Building APIs as a graduate developer

When I graduated from Cambridge I was looking forward to putting my computer science education to good use in the hi-tech world of finance. So when I was given the job of building a plugin for Microsoft Excel as one of my first real-world tasks as a graduate developer, when other developers were working on […]

BidFX ahead of the curve in low-touch trading

At BidFX we like to stay one step ahead and that’s why we have delivered on the automation needs of our buy-side clients. While the bank sector is also beginning to integrate this strategy, it is undeniable that the buy-side community is now actively driving the agenda with tech savvy firms like BidFX to have automation […]

@Womenoffintech turns blue this week

This Week We Celebrate The Men In The Industry Who Support Equality First published on February 12, 2018 by Gemma Young Follow the campaign on Instagram and Twitter @womenoffintech   Our first feature is John McGrath, Chief Revenue Officer at BidFX. John McGrath, BidFX Chief Revenue Officer @womenoffintech: What does equality mean to you? John: To me […]

Cooperative co-habitation: BidFX and TS, Europe

It’s now 18 months since BidFX established itself as a dedicated business line under the TS umbrella culminating in a move to its own office space in London in March 2017 and dedicated development and business personnel in our other offices all around the globe. The growth of BidFX’s business in terms both of new […]

BidFX liquidity offering keeps growing, adds XTX Markets

BidFX, an industry leading EMS designed for the 5 trillion daily FX market, is pleased to announce that XTX Markets, the world’s second largest electronic trader in spot FX, has joined BidFX as their newest liquidity provider. BidFX CRO, John McGrath, commented, “We are thrilled to have market leading liquidity provider XTX Markets go live on […]

The liquidity game

I remember having a crisis of confidence way back when it was not fashionable to do so. I was working as an Interdealer Broker and I was wondering what the point of my job was? What did we do for the markets to pay us so handsomely? One of my colleagues turned round to me […]

BidFX welcomes Investec Bank PLC

  BidFX welcomes Investec Bank PLC; newest liquidity provider on the FX platform BidFX CRO John McGrath commented ‘We welcome Investec Bank to the BidFX platform. The addition of Investec’s liquidity and pricing will provide BidFX clients greater liquidity and pricing selection for best execution. We are extremely pleased with the immediate response the industry […]

BidFX sponsors community youth football team

BidFX is happy to announce its sponsorship of the Community Youth Football Team currently competing in the Tandridge football league. Chief Revenue Officer John McGrath commented ‘BidFX is proud to be part of the communities we live in and to give something back to these communities where possible. It’s very easy in the Financial Markets […]

BidFX commits to FX Global Code of Conduct

LONDON, 3 October 2017 – BidFX, a rapidly growing eFX platform, today announced its support and statement of commitment to the Global Code of Conduct. The Global Code’s purpose is to promote a robust, fair, liquid, open, and appropriately transparent market. Since the code’s initiation earlier this year, BidFX has focused on aligning its practices […]

BidFX doubles in size

Volumes on TradingScreen’s newly spun-off FX platform have already doubled in size, even as parts of the market have contracted over the same time. After five years’ operating as a division of TradingScreen, BidFX has emerged as a standalone business focused on delivering a workflow solution for FX. According to CEO Jean-Philippe Malé, this has […]

BidFX 2018 Graduate Training Programme

It is that time of year again. Summer is over, the tree leaves are turning colour and students have started back at university. I drove my son to Bath University this weekend in time for his freshers week. Seeing all those young expectant faces, moving their gear in to their halls of residence, reminded me […]

Radical drive at FX speed race

Foreign exchange trading platforms are pitted against each other in a competition to provide best liquidity for their users. It is a race contested under demanding market conditions. The course involves endless high-speed laps comprising: consumption of executable quotes from many sell-side liquidity providers, streaming quotes in real-time from sell-side to buy-side, waiting to receive […]

ADV, ADV, ADV …

BidFX, a TradingScreen Company, enjoyed market leading ADV growth of 116% in July YoY.  This was driven by both new client adoption as well as growth from the existing franchise.  EMEA, APAC, and The Americas all contributed to these positive results. The growth is especially impressive when evaluated against the backdrop of much lower July […]

BidFX Algo Hub

3 things to know about BidFX Algo Hub  Best of Breed Hub for Algo Execution No Development and Infrastructure Costs Helps towards regulatory concerns with solutions to increase transparency BidFX’s recent growth has been exponential in terms of volumes and clients and is driven by innovative solutions delivered to an increasingly complex eFX market. The […]

Where’s the e-FX marketplace heading?

As we look back of the days of cigarette smoke filled trading rooms, with arms waving for ‘bids’ & ‘offers’, where a blue shirt just wasn’t ‘cricket’ as they say, we’ll realise just how far we have come with the advent of technology, and just how far trading has evolved as a result. Every coin […]

FIX migration complete

I am pleased to announce that BidFX have completed the migration of all liquidity provider (LP) FIX sessions to our new, high-tech FIX session management platform. Our teams have been working really hard on this initiative and we are really proud of their achievement in reaching this critical milestone. FIX session migration task 100% complete […]

BidFX announces record ADV in May 2017

Growth is 40% YoY over May 2016 There’s been a lot of hard work across the BidFX team recently and some tangible gains in market share in the busy eFX market. So what drives this impressive growth in revenue and institutional clients in this changing FX Market? 1)     BREADTH OF FX PRODUCT Streaming Spot, Forwards […]