Trading Systems
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
R3 launches Corda 1.0
It follows the open-source release of the platform in late 2016
BidFX commits to Global Code
The TradingScreen-owned platform reviews and realigns practices to fully adhere to the principles
Integral introduces flat fees on OCX
The venue will charge $2.75 per million per side on its open currency exchange platform
FXSpotStream hires San Pietro; adds State Street
Tom San Pietro, former CEO of LavaFX, joins FSS in newly created role
Hotspot commits to FX Global Code of Conduct
CBOE-owned platform becomes the second FX venue to signal its commitment
Investec joins TraderTools liquidity network
Specialist bank gains access to more than 60 liquidity providers
TradAir upgrades full-amount functionality
Changes will provide direct relationship-based liquidity to clients and optimise the execution between sweepable and full amount liquidity
CFH Systems opens regional office in Singapore
The office will be headed by Alex Mackinnon, who gains overall responsibility for Asia
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
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
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
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
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
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
Silverman to lead first ECN launch in three years
The new spot FX venue, Fenics FX, comes from BGC Partners, with Hotspot co-founder Howard Silverman at the helm
Broadway Technology aims to expand FX footprint
Moves comes after a recent $42m investment armed the firm with the capital to expand into FX and fixed income
Euronext buys FastMatch
European stock exchange enters FX space with purchase of ECN for initial $153 million
LMAX Exchange reports record profits for 2016
FX platform posts EBITDA of £5.6 million, representing annual rise of £4.2 million