Infrastructure
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
TCA costs up to 12% of tech budgets – Greenwich
A survey of buy-side equity trading desks shows 86% use TCA, which can make up 12% of their technology budget
BoE to authorise EU CCPs ‘at 00:01’ on Brexit day
Central bank hopes plan to preserve access for EU CCPs will be reciprocated
DRW calls for physical settlement of bitcoin futures
Prop shop’s head of market structure says underlying spot exchanges are not transparent enough
SGX sees new FX records
Both INR/USD and USD/CNH monthly volumes soar to new records after overall FX futures volumes grew 59% in 2017
Volumes surge on Thomson Reuters FX venues in January
Total ADV amounted to $432.1bn, of which $107.9bn was spot turnover
BNY Mellon launches FX trading room in South Korea
The bank aims to improve pricing and liquidity for regional and global market participants
FastMatch to add cryptocurrencies to FX Tape
The venue plans to support trading of the asset class later this year
Renminbi payments drop in December
The Chinese currency is once again the fifth most-used for global payments – Swift
FXSpotStream adds State Street as LP
Execution venue records highest-ever average daily volumes in January
Alves joins FlexTrade in senior FX role
FlexTrade is building up the leadership of its FX business as the buy side continues to adopt more automation
Fluent adds two services to FX suite
Firm combines post-trade, at-trade credit, kill-switch APIs and pre-trade risk management on one platform