Infrastructure
BidFX joins MarkitServ’s FX network
The firm expands range of post-trade processing services it offers clients
Last-look class certification fails against Deutsche Bank
US District judge Lorna Schofield denies two class certifications, saying market participants were aware of liquidity providers using last look
CLS settlement will migrate to new platform in 2020
The infrastructure provider will launch the new venue based on its own technology next year, with service migration planned for May 2020
FXall launches analytics tool
FXall launches the Trade Performance Analytics tool, which will be rolled out on other Thomson Reuters platforms in future
OCC will not offer further guidance on ‘fourth-party’ risk
Onus on banks to vet subcontractors during contract negotiations, regulator says
Caxton FX to provide open banking payments
Customers will be able to make international payments directly from its platform
More platform deals to come, says consultancy
FX specialist consultant Javier Paz says smaller venues may seek larger owners over the next two years
SGX hits high in USD/CNH futures
USD/CNH futures trading breaks multiple records on August 16 as renminbi drops to new lows
State Street to buy BestX
The TCA provider is set to become a wholly owned subsidiary of State Street; financials undisclosed
Nex Infinity DLT could go live this quarter – Choussy
The DLT element is ready from a technical perspective
Euronext dismisses Galinov lawsuit as ‘baseless’
The exchange operator says legal complaint is an attempt at retaliation from Galinov
Euronext moves to buy Galinov’s shares
The exchange operator buys Galinov's 8% of equity in FastMatch for $0.001 per share
Galinov files lawsuit against Euronext
Former FastMatch chief files lawsuit against Euronext and FastMatch claiming “Machiavellian” scheme
CME shifts FX options expirations in step with OTC
Latest move by exchange to make FX offering more harmonised and engaged with over-the-counter space
Intl FCStone set for yearly payments of $1bn in Brazil
Exotic markets payments provider says volumes are up threefold since obtaining a banking licence in the country
Renminbi payments hold steady in June – Swift
China’s currency keeps its fifth most-used currency spot for global payments, according to Swift
CFH Clearing expands Asia offering
The integration of the technology enables CFH to provide local liquidity to its clients in Asia
CLS onboards Japanese funds
Japan-domiciled funds gain access to settlement through CLS as third-party participants for first time
Cobalt goes live on BT Radianz
With this latest development, the firm is bringing the FX post-trade world to a new level
SGX reports record FX volumes
The exchange prints new records in USD/CNH volumes, surpassing the $3 billion threshold on June 27
Thomson Reuters to rename Financial & Risk business Refinitiv
The standalone firm will continue to focus on trading platforms, data and market infrastructure provision
FX Connect rolls out automated order routing
New functionality allows buy-side traders to automate execution according to pre-set rules
SGX’s Lam in bid to bring together two worlds
SGX set to launch FlexC FX Futures in August, with the aim of combining the best that OTC and futures have to offer
SGX is launching FX futures solution
New feature lets market participants trade customisable FX futures contracts in an OTC fashion