Infrastructure
CME and LCH bet on FX options clearing
CME’s cash-settled FX options-clearing solution will vie for dominance with LCH’s deliverable clearing product
OTC derivatives values fall to 10-year low – BIS
The most recent slump continues the retreat from gains witnessed in the first half of 2016
SGX invests in Cobalt
Asian exchange’s investment reinforces those made by Citi and others over the past two years
Societe Generale adds BestX to TCA suite
The independent transaction cost analysis tool will complement the bank’s own TCA product for algo-executed trades
Dah Sing Bank to use Fenics for FX options
The regional bank will use Fenic’s services to run its FX options pricing and distribution
triReduce enhances compression
The firms says the new Trade Revision functionality can improve compression efficiency by up to 50%
M&G selects 360T for FX
The UK investment manager has chosen 360T as its workflow technology provider for FX order handling and execution
CLS volumes dip in March, but it’s a record Q1
The settlement utility records average daily volumes of $1.87 trillion for Q1 2018
BoJ prepares to link settlement system with Hong Kong
The connection will provide a new pathway for Japanese banks to obtain Hong Kong dollars and cut the exchange-rate cost
JP Morgan invests in AccessFintech
The risk management services firm, led by Roy Saadon, will work with the bank to test its technology
Elysium partners Cryptalgo for cryptocurrency trading solutions
The firms introduce the solution to financial institutions as interest in digital currencies rises
Stater Global Markets broadens trading venue choice
Clients can now access liquidity from Cboe and FastMatch
Mitsui & Co begins settling trades through CLS
It is the first Japanese corporate to join the service via third-party access
TriReduce CLS FX expands compression service to third parties
All market participants can now take advantage of the compression benefits
Traders still haunted by liquidity mirages in FX
Market participants’ ability to execute on stable and firm prices is essential for achieving best execution
Philippines bankers partner Bloomberg on FX initiatives
Bloomberg has been selected as the calculation agent for USD/PHP and bankers will use FXGO for spot trading
Renminbi’s share of global payments slides in February
It falls two places to become the seventh most-used currency for global payments, according to Swift
Boards approve CME’s £3.9bn offer for Nex
The boards of the two firms give unanimous green light to cash-stock transaction
London Block Exchange adds ripple
Ripple becomes fourth cryptocurrency offered by newly created London Block Exchange
CLS volumes hit record high in February
Pickup in participation from buy side contributes to growth in volumes
CME FX Link to go live on March 25
CME is launching a new central limit order book allowing participants to trade OTC spot and FX futures via a single spread trade
Digital Reasoning secures $30m in new investment round
The firm aims to enhance the capacity of its AI technology to understand human speech
Nex and CME confirm talks
CME Group considers acquisition of Nex, with decision due by April 12
TickTrade partners Applied Financial
The move opens the Canada-based trading technology firm to markets in Asia, Europe and the US