Infrastructure
Nex commits to FX Global Code, sets up public register
The company commits to adhere to the principles of the code of conduct
Crown Agents Bank launches FX trading platform
UK-regulated bank provides a link between developing markets and OECD governments, financial institutions, NGOs and corporates
MarkitServ rolls out workflow automation for cross-currency swaps
Enhanced service launched in conjunction with CLS and LCH
Seven sign up for CME’s over-the-counter NDF-clearing launch
The exchange is set to launch the service in the first quarter of 2018
Nex optimises post-trade OTC FX with direct clearing connectivity
By removing secondary matching, Nex optimises post-trade workflow and maximises benefits of clearing
Thomson Reuters commits to FX Global Code
The venue joins a number of early adopters in pledging to support better behaviour in the currency market
Market participants start testing Mifid II systems
But they do not feel fully ready for the sweeping changes taking effect on January 3
BayernLB selects smartTrade’s FX platform
The German bank will use LiquidityFX to meet its connectivity, aggregation, pricing, execution and risk management needs
FastMatch expands with Connecticut sales office
The FX trading venue draws closer to major hedge fund clients
R3 to unveil real-time payments prototype
The aim is to improve the speed and efficiency of global transactions
CME to launch bitcoin futures
Pending regulatory approval, the cryptocurrency will become available on the world’s largest derivatives exchange operator by the year-end
BestX launches reporting module, partners NAB
The Australian bank is the latest FX dealer to sign up for the transaction cost analysis service
Cobalt chooses Solace for post-trade information processing
The move aims to guarantee incoming messages can be processed consistently, especially during bursts of heightened market activity
The trend towards best practice in institutional FX settlement
Marisa Kurk, senior managing director and chief operating officer at Mesirow Financial Currency Management Group, explores best practice in foreign exchange settlement
Platform capacity issues raise liquidity concerns
Liquidity providers concerned that ECNs are struggling to cope with amount of data going through venues
Hotspot rebrands as Cboe FX
As its parent company becomes Cboe Global Markets, following CBOE’s acquisition of Bats Global Markets
Earthport partners Broadridge to host FX and cash-management processing
Broadridge FXL erases many manual processes, boosting scalability
BBVA and Bancomer deploy DLT-based FX matching pilot
Launch follows successful proof-of-concept in collaboration with Calypso Technology and R3
SGX sees 75% of listed CNH futures volume, Lam says
Singapore Exchange boasts 200% growth year-on-year in renminbi in August; hits two consecutive records for Indian rupee in September
CLS settled volumes rise 11% in September
Spot, forwards and swap volumes picked up pace compared with August and September last year
Salmon warns of algo risks
BoE's Chris Salmon cautions against lack of transparency brought in by automated high-frequency trading
Earthport to provide cross-border payment services to SECB
Headquartered in Frankfurt, SECB Swiss Euro Clearing Bank is a major euro payments-clearing hub for Swiss banks
Broadridge's Davis: Everything we do is for our customers
Chris Davis, VP of global sales at Broadridge Financial Solutions, the winner of the Best Post-Trade Services Provider category at the 2017 FX Week e-FX Awards, says quality of service is at the heart of everything the company does
We're definitely not playing catch-up – CACIB's Shuster
Credit Agricole's global head of foreign exchange says investment is paying off and it plans to roll out algos in 2018