Brokers
Coex Partners hires former Citi head of FX Apac sales
Matt Long joins Coex in Singapore to oversee FX execution and trading strategy for regional clients
A SwapAgent-bilat basis? Not for now
SA-CCR may make settled-to-market capital benefits more difficult to quantify
Digital Vega aims to slash FX options fees with new Clob
Traders hope platform can loosen grip of voice brokers, despite concerns over market fragmentation
NatWest’s PB chief on not changing course after Archegos
Marcus Butt believes diversity of clients, both in size and type, is the best way to manage risk
Could private match-making sink public market?
Rise in internal hedging sparks debate over its threat to price discovery
Dealers drag their feet on NDF clearing, say prime brokers
Trade mismatches and other wrinkles hinder clearing between executing broker and prime broker
Buy side eyes outsourced trading amid Covid disruption
Pressure on trading continuity drives in-house desks to look outwards
Fee fight: dealers take aim at brokerage costs
Old tensions have new edge as banks urge clients to bypass platforms
Refinitiv pledges FX brokerage to Australian bushfire relief
The area already burned is triple the size of the land destroyed by the 2018 California fires and six times that of last year's fires in the Amazon
Rise of the algo wheel
How the buy side is embracing algorithm wheels and where challenges still remain
Instinet launching FX agency trading business
Execution services arm of Nomura prepares agency-model e-trading platform for spot FX
Cummins walks back co-ordination comments
Chris Cummins confronts insecurity with certain currencies and trading styles as defence pulls back curtain on chat snippets
Spotex introduces risk engine to aid PB expansion
Periscope allows multiple levels of brokers to extend access to the firm’s institutional ECN
CFTC fines BGC, GFI $25 million for FX options fraud
Regulator says emerging markets FX options brokers used fake bids and offers to induce clients to trade
Institutional crypto interest awaits infrastructure
Start-ups and entrenched players aim to bring over custody, execution and post-trade capabilities
Spotex expands institutional offering with JP Morgan and NatWest
The banks’ prime brokerage desks seek diverse liquidity pools that could lead to better execution for their algos
Buy side continues with IM prep despite delays
Firms looking at custodian types, docs and trading strategies to optimise margin
Record builds synthetic FXPB offering
Specialist currency manager will use tri-party model to move securities collateral between banks
Kooltra plots broker entry with FX market technology
Fintech firm plans compliance, dealing and settlement automation solution for FX payments providers next year
Gillespie joins Spotex in sales role
Based in London, Kevin Gillespie will target institutional and broker clients, besides banks
Traiana boosts risk controls for FXPBs
Providers can be more specific about the risks they are willing to take