Infrastructure
FastMatch to waive non-last look fees in 2015
The spot FX platform wants 60% of its liquidity to be non-last look and is offering brokerage-free access until the year end
SNB pushes CLS volumes to record high and platforms benefit
Currency trading activity gets off to a strong start in 2015
Rocking in exotics has never been more attractive
An early mover gamble paid off for US broker INTL FCStone in exotic currencies trading. Philip Smith and Gregory Vincent explain why the payments business is growing
Esma puts NDF clearing on hold
The European regulator takes a step back from proposing a clearing obligation for NDFs in the wake of market feedback
Prime of prime providers see growth despite SNB fallout
Credit provision to smaller firms is increasingly becoming the domain of PoPs, but the focus will shift to pre-trade risk management
Russell and Integral launch buy-side trading tool
Both companies hope to solve benchmark execution for investors
TriOptima to deploy FX compression service with CLS
Post-trade service provider TriOptima looks to add to its success with compression services in other asset classes
TradAir appoints Lewis and receives $15 million boost
Long Ridge Equity Partners becomes a new investment partner in TradAir while the company appoints a new chairman
Mandelzis sees competition increasing in 2015
EBS chief executive expects the trading landscape to become more competitive and lead to consolidation
CME looks to local banks for EM FX liquidity
Craig LeVeille, executive director for FX products at CME, talks about the company’s focus on growing emerging markets
Traiana warns of busy regulatory year ahead
Steve French, director of product strategy at Traiana, says fixing the Emir system and implementing Mifid II reporting will bring huge challenges in 2015
Commerzbank pulls back from FX prime brokerage
Commerzbank closes prime brokerage business as it reallocates resources
Hotspot a good buy for exchanges, says co-founder
Exchanges are likely to be interested in KCG's Hotspot to help them build out their FX business, says Steve Reich of Global Trading Systems
EBS volumes hit record high for 2014 on October 31, topping $200bn
The company records flows of $250 billion on the last trading day of October
Hotspot a good buy for exchanges, says co-founder
Exchanges are likely to be interested in KCG's Hotspot to help them build out their FX business, says Steve Reich of Global Trading Systems
CME rule hurts FX broker business, say participants
CME enrages brokers, who claim their once-profitable business in transitory FX EFRPs has vanished, despite the launch of a product to help offset the changes
Bank of England resumes settlement after 'technical issue’
UK’s high-value payment system was ‘paused’ for several hours Monday, but is now back up and running; central bank extended opening hours to deal with backlog
Asia most advanced in FX clearing, according to panellists
India, China and South Korea are the most advanced economies in the clearing space, attendees hear at the 10th annual FX Week Asia conference
NDF trading mandates must be harmonised, industry warns
The CFTC-hosted roundtable discussion on NDF clearing raised the main issues currently facing industry participants
EBS is no longer a one-trick pony
EBS CEO Mandelzis and Darryl Hooker, head of EBS Market, say the platform is poised for growth as it moves away from a one-trick pony approach
Scotland faces technology and infrastructure challenges
Credit cards, bank payments, clearing and settlement of securities – if Scotland goes it alone, its financial infrastructure will need an overhaul
CLS hits settlement record
Settlement infrastructure completes record number of instructions in 45 minutes after extensive IT upgrade
PBoC designates renminbi-clearing banks for France and Luxembourg
Bank of China and the Industrial and Commercial Bank of China to serve the offshore RMB markets of the two countries
ForexClear adds PEN to cleared currencies
Clearing house can now handle 12 currencies and more than 95% of non-deliverable forward markets