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Abstract
In an interview, Phil Weisberg, FXall, CEO, talked about the company's strategic priorities and its plans to register as a swap execution facility (Sef) under the US Dodd-Frank Act. FXall wants to make sure it's working closely enough with its clients and delivering enough value that they consider the company their strategic execution partner. FXall is rolling out a buy-side benchmarking tool after partnering with Investment Technology Group last year to offer transaction cost analysis. What FXall is doing in its own offering, which it calls Execution Quality Analysis, is very different to TCA. FXall will become a Sef. It will provide as much flexibility in its trading protocols as the rules allow and it will connect its clients through the full post-trade cycle to support the clearing processes required. It has hired a chief regulatory officer and is trying to work with the regulators to come up with workable solutions clients would want to use.