Credit
360TGTX to unveil new NDF streaming to aid bank algos
Complementary offering set to go live next quarter
Colombian central bank suspends reserves accumulation
Board wants to assess impact of higher reserves on peso’s exchange rate
FXPBs over-allocating credit to algo and high-speed trading
Thinly capitalised trading firms are an accident waiting to happen while dealings on multiple venues make credit limits hard to set, claim market participants
Record boosts presence in North America
Specialist currency manager bolsters on-the-ground presence as it eyes market opportunities in region
Traiana boosts risk controls for FXPBs
Providers can be more specific about the risks they are willing to take
Stater Global Markets partners oneZero
The prime-of-prime broker gains access to a network of 200 market-makers and takers
Karnik and Schlesinger out at BNP Paribas
Bank makes three new hires on its FXLM desk this week
LMAX adds credit intermediation for spot FX trading
BNP Paribas and JP Morgan are working with the firm as credit intermediaries
MarketFactory secures funding from Silicon Valley investment firm
Accel-KKR’s strategic investment will facilitate MarketFactory’s expansion into new markets and services
Concannon’s exit sparks management changes at Cboe
As Chris Concannon heads to MarketAxess, Cboe promotes Isaacson to COO
MarketFactory: fragmentation, credit innovation and Singapore matching
Mergers between FX trading venues have led fragmentation to spill into other asset classes
Cobalt: bringing greater efficiency to the back office
Market participants will look to bring back-office operations in line with modern electronic trading practices
Best Banks Awards: Refinitiv
Refinitiv has been voted the winner of two categories at the 2018 FX Week Best Banks Awards
Sucden hires Gillies to head e-FX sales
Kirsty Gillies ran the e-FX sales team at UBS in London for eight years
DTCC begins testing DLT-based credit derivatives service with 15 banks
New service expected to launch after first quarter of 2019
Advanced Markets launches London operation
Nina Baksh will lead the London office for the FCA-regulated firm
SGX is launching FX futures solution
New feature lets market participants trade customisable FX futures contracts in an OTC fashion
Awards: Cobalt
Cobalt has been voted Best Post-trade Services Provider at the 2018 FX Week e-FX Awards
Stater appoints new head of compliance
Simon Henry takes up the role at Stater Global Markets
Cobalt unveils credit-management platform
Credit providers can see exposures in real time
Flow Traders goes live to make FX splash
With 700-plus approved counterparties and significant in-house flows from its ETP business, Flow Traders prepares to realise its FX ambitions
MarketFactory launches pre-trade limit tool
Reflector monitors and balances the limits and positions across all trading venues
G10 FX revenues hit two-year highs – Coalition
The first quarter of 2018 saw a reversal of revenue contraction seen in the last two years, with profits up 20%
OTC derivatives values fall to 10-year low – BIS
The most recent slump continues the retreat from gains witnessed in the first half of 2016