Trading Systems
CFH Systems buys Capital Market Automation Provider
CFH to acquire CMAP’s 49% stake in its organisation, following last year's joint venture
Edgewater launches matching engine in Mexico City
Another sign that the institutional FX liquidity provider is moving forward with its expansion in emerging markets
FastMatch partners TradAir
Trading venue will target institutional clicker traders to diversify liquidity and boost volumes
IPC to onboard FastMatch to its FX Hub
The move provides market participants on the IPC ecosystem with access to FastMatch's trading platform and other services
GTX to launch London and Tokyo matching engines
London engine goes live on October 15, with TY3 to follow within 90 days. GTX partners Nightberg for research
SmartTrade launches big data analytics solution
The new solution, called smartAnalytics, will allow clients to generate graphical reports on pre-trade, execution and post-trade performance via a TCA tool
360T partners Bellin to offer trade-confirmation service
A single access point where corporate treasuries and banks can automate the exchange and management of deal confirmations
Bloomberg targets Middle East for growth
Firm plans to make moves in Dubai and Saudi Arabia as it places greater focus on cross-asset solutions
Beeks launches self-service portal for buying connectivity
Beeks Marketplace allows institutional clients to find and purchase connectivity. The UK-based provider plans to add third-party products to its offering at later date
Russell expands execution platform again
The asset manager gives access to clients using the order-management system from Eze Software
Northern Trust partners BEx to improve FX offering
Clients' evolving trading strategies and the need for more sophisticated expertise are behind the asset manager's decision
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
Rules of conduct and the e-trading challenge
With the Global Code of Conduct set to look at e-trading, the industry must ask how this growing area can best be governed
Platform volumes dip in July, but grow year-on-year
ADV inch lower for institutional FX venues after a Brexit-boosted June, but there is still growth, compared with 2015
FlexTrade opens Frankfurt office
Brexit and the firm's strategy of establishing a local presence motivates the decision
FlexTrade opens office in Australia
The multi-asset system provider aims to pick up some business as retirement funds Down Under look elsewhere for returns
Best Liquidity Aggregation System: TraderTools
The technology provider has carved out a niche for itself among Tier 2 banks
EBS joins Thomson Reuters Trade Notification network
EBS joins more than 2,500 publishers and receivers on TRTN
Bank e-FX Initiative of the Year: DBS Bank
"The idea is that any customer from Europe or the US can use DBS as a one-stop convenience bank for Asia" – Peter Soh
Best e-FX Distribution Platform: smartTrade Technologies
The ability to replace three or four vendors with one system earns votes
Most Innovative Bank e-FX Trading Platform: Citi
The US bank remains committed to Velocity as the main distribution channel for its clients
Best e-FX Trading Venue and Best FX Hedging Platform: Hotspot
Hotspot's quest for transparency, expansion, investment and reliable liquidity scores two wins for Bats Global Markets
Best e-FX Platform for Corporates: 360T
360T says it understands corporates have peculiar needs and it remains focused on delivering solutions to meet them
Highly Commended for Best e-FX Software Provider: Broadway Technology
Trading heads say the level of flexibility and modest cost of the firm's products keeps them competitive