Electronic communications network (ECN)
360T buys GTX
The move will expand 360T’s footprint in the liquidity provider-to-liquidity provider space and financial institutions segment
Tolat becomes TradAir chief executive
Viral Tolat, former CTO of EBS and Integral, becomes chief executive of the technology firm
Solid FX commits to Global Code
Statement of commitment will show up on the public registers of CLS and Nex
Solid FX’s Westerman resigns, Esturi joins
Ujwal Esturi joins the liquidity management team from FastMatch
Patrick Fleur to join Solid FX as chief executive
Dutch pension fund PGGM's former head of trading and execution takes on new role at the ECN on March 5
TCA will increase fragmentation, says Sinclair
Execution spreads across more secondary venues as algos seek platforms with least signalling risk, says white paper by MarketFactory
Goodbody joins macro fund as strategic adviser
Melbourne-based Goodbody takes new role after spending a year on gardening leave
Clarifying the murky language of liquidity
Campbell Adams, founder of the Pure initiative that now operates as ParFX, has a grudge against misnomers
GFXC to push for more LP disclosures
Following the publication of the final version of Principle 17, the committee will establish three new working groups
Cboe FX: LP competition to heat up
As banks re-enter the market-making fray, challenging non-bank liquidity providers
Platform capacity issues raise liquidity concerns
Liquidity providers concerned that ECNs are struggling to cope with amount of data going through venues
Hotspot rebrands as Cboe FX
As its parent company becomes Cboe Global Markets, following CBOE’s acquisition of Bats Global Markets
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
Currenex and EBS mull venue-hosted last look
Platforms consider becoming third-party operators of last look to separate the function from liquidity providers
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
Euronext buys FastMatch
European stock exchange enters FX space with purchase of ECN for initial $153 million
Buy side abandons ‘guessing’ execution outcomes
Weisberg: “I think the relevant question today is: am I doing that right, and how am I sure I am getting the best outcome?”
Spot volumes rise in March
Secondary venues see robust volumes; primary platforms also tick higher
Bloomberg Tradebook to shut down FX
CCP model platform set to close foreign exchange operations on March 1
FX central tape to launch end of Q2, but without banks
Participants to move ahead without banks amid rising demand from end-users for transparency and cost analysis
Linker swaps Thomson Reuters for 360T
As well as expanding 360T's existing business and products, he will drive the launch and adoption of its Clob and ECN initiative
Galinov: exchange clearing is close
If a solution is revealed this year, costs will fall, volumes could rise and another ECN may be gobbled up by an exchange