Currenex
Platform capacity issues raise liquidity concerns
Liquidity providers concerned that ECNs are struggling to cope with amount of data going through venues
Reilly becomes global head of Currenex, Newns promoted
Global head of FX sales and trading at Cantor Fitzgerald for over three years, Reilly is now the global head of Currenex
Northern Trust: algos give power to clients
The release of an FX algorithm suite in June ushered in a new era for the custody giant
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
Cartledge: Direct is moving to single-ticket execution
“We don’t know if the order is for the full amount or not, so we don’t want to call it full-amount trading," says Cartledge
Currenex and EBS mull venue-hosted last look
Platforms consider becoming third-party operators of last look to separate the function from liquidity providers
Mifid II is a chance for reinvention – FX Connect’s O’Malley
“We’ve had more interaction with our customers in the past six months than in any individual point in our 20-year history,” says FX Connect’s Emea head
HSBC hires two and moves to build out FX prime brokerage
Ferretti will be responsible for structuring and developing FXPB, while Miller joins as head of institutional sales, Americas
PB concentration risk a concern as volatility picks up
Global head of Currenex says the lack of a dynamic FXPB space is a worry as non-bank liquidity providers need access
Currenex launches X2 platform
Institutional venue boosts traders' performance and efficiency, while helping to keep markets resilient in times of stress
Market data is the new battleground in FX
Innovation in the space has been lagging for years, despite high costs, but challengers are now emerging
FastMatch to roll out market impact rule month's end
With new matching rules, the platform will be using tools that automatically select liquidity providers that create no market impact after receiving orders
2016: the year Europe moves towards a regulated market
MiFid II, last look and the first Fed rate hike in nearly a decade will be key influences
CFH Clearing launches new liquidity service
The new liquidity service gives CFH clients access to tier 1 banks, multilateral trading facilities, electronic communications networks and multi-dealer platforms
Currenex launches London matching engine
Currenex's rollout will be followed by rival Hotspot's London-based matching engine kick-off
Former EBS Market co-head joins Currenex
Technology veteran John Schoen relocates from London to New York
Currenex loses global head of sales
Twenty-year FX market veteran leaves the platform after 12 years
Currenex hires North America FX head
Industry veteran will join the State Street-owned FX platform in New York under David Newns and Martine Bond
Best white-label liquidity service: Currenex
FX white-label vendor Currenex takes the prize as its expanded liquidity service pushes ahead of competitors
Trading platforms hope for end to 'Truman Show Market'
Trading platforms are looking to expand into new areas and asset classes to combat stagnant volumes
FX platforms divided on management of costs and speed
Officials at EBS, LMAX Exchange and State Street Global Exchange debate key issues facing new and incumbent platforms during a live webinar
Internalisation to blame for EBS volume decline
Low volatility in major currency pairs has created an environment in which many banks prefer to internalise trades rather than trading on anonymous platforms such as EBS
Banks eye new protocol to streamline platform connectivity
A working group backed by seven banks is looking to create an automated protocol to streamline the process by which clients connect to FX trading platforms
Future of agency FX depends on size, says Chapdelaine chief
Douglas Borthwick, FX manager at Tullett Prebon's Chapdelaine agency desk, believes recent regulatory challenges show that size will be the key factor for agency intermediaries