Infrastructure
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
CFETS to upgrade FX platform
The trading venue will provide new cross-currency swaps for six currency pairs
Nex’s Cartledge: we’re not asking anyone to pay in advance
EBS Direct to raise brokerage fees following analytics suite launch and single-ticket execution upgrade
Blackstone and Thomson Reuters sign $20 billion deal
Private equity company Blackstone will acquire 55% stake in Thomson Reuters’ F&R business, including FX platforms and market data
Sigelbaum joins TR to lead FXall
Jill Sigelbaum replaces John Cooley, who left Thomson Reuters in November
FX Connect to offer BestX analytics
The platform’s key client base is the core audience for FX TCA
FastMatch launches two new order types
The venue also makes changes to its system to improve market data rates
Jyske Bank opts for Barracuda's Order Hub
Danish bank chooses the order-management technology to streamline FX operations
BNY Mellon to build franchise partnerships using FXPB
The bank’s FX prime brokerage beta clients could go live within the next month
TraderTools taps Abacus for cloud service
The venue gains the global scale and infrastructural expertise to expand ULN
New records for LCH volumes in 2017
Strong growth driven by roll-out of new products, regulatory change and onboarding of new customers globally
Hotspot partners Celer Technologies
Celer’s bespoke trading GUI will enable customers to access Hotspot’s outright deliverable forwards liquidity
Renminbi payments jump in November
The currency overtakes Swiss franc and Canadian dollar as sixth most used for global payments – Swift
Cboe FX: LP competition to heat up
As banks re-enter the market-making fray, challenging non-bank liquidity providers