Infrastructure
GTX to launch full-amount trading on its ECN
Gain Capital’s trading venue offers full-amount execution as it seeks to reduce market impact
IS Prime reports stunning results
Prime-of-prime provider experiences 900% rise in profits
Renminbi’s share of global payments rises slightly in July
China's currency retakes fifth place, but its overall share shrinks again, Swift says
Nippon Life gains third-party access to CLS
The life insurer is the first non-bank financial institution to settle FX trades with CLS in Japan
ForexClear exceeds $1 trillion of monthly cleared FX trades
Milestone reached ahead of the second tranche of uncleared margin rules taking hold in September
BNP Paribas partners BestX
The French bank is the latest FX dealer to sign up to the firm's TCA services
Clearing will grow, but co-exist with PB, panellists say
CCP fees need to come down, NDF clearing expected to grow, but structured products will remain the domain of prime brokers
Euronext completes FastMatch acquisition
Exchange operator receives regulatory and anti-trust approval to continue muscling its way into FX
EBS Direct is moving to automatic full-amount for some orders
Manual orders of five million base currency or more will be automatically executed as full-amount tickets from September 5
Former Deutsche COO Ritchotte invests in Cobalt
Deutsche Bank’s former chief operating officer bets on tech firm’s future success
Pragma launches triangulation algo for crosses
New functionality will enable clients to achieve better execution when trading illiquid currency pairs
Currenex and EBS mull venue-hosted last look
Platforms consider becoming third-party operators of last look to separate the function from liquidity providers
Thomson Reuters completes Mifid II desktop enhancements
The firm starts onboarding clients to its improved multilateral trading facility
CME moves to build liquidity in new FX futures contracts
The firm is switching on implied functionality to link spreads and outright markets
ParFX is not for sale
Four years after the launch of the randomised platform, it still has room to grow, says CEO
Deutsche Bank research says more is not always merrier
Increasing the number of LPs in an aggregated environment can harm execution quality
Citadel Securities partners BestX for TCA
The first non-bank market-maker to allow clients to evaluate execution quality via BestX
Randomisation raised level of conversation, say Weisberg and Mandelzis
Former chiefs of EBS BrokerTec and Thomson Reuters FX praise contribution of Campbell Adams and former rival ParFX
Nex Optimisation rolls out settlement-netting service
The industry gains the first fully automated settlement-netting offering for over-the-counter FX
Renminbi's share of payments rises slightly in May
China’s currency regains position as sixth most used currency for global payments in May, with 1.61% share – Swift data
TriReduce hits $1 quadrillion in swaps compressions
Demand has been high as banks seek to lower exposures
CME looks to launch FX options clearing in Q4
Following regulatory approval, the exchange looks to start dealer-to-dealer clearing in Q4 and client clearing in 2018
Sucden Financial selects smartTrade’s FX platform
The institutional broker chooses LiquidityFX to support its expansion drive
FastMatch to hike rates from July
Following its $153m acquisition by Euronext, the platform has a clear path to expand into Europe and Asia