Liquidity
Johnson set to take stand today
Mark Johnson will testify in his own defence today following day of high drama on October 10 around Rodgers’ analysis
Johnson’s defence to present case on Tuesday
Rodgers expected to take stand during course of the week
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
Northern Trust: algos give power to clients
The release of an FX algorithm suite in June ushered in a new era for the custody giant
FMSB warns of Ficc market vulnerabilities
In its annual report, the body representing the global Ficc market, highlighted areas of concern still needing attention
CME to launch spot FX basis spreads
The CME FX Link will create the first central limit order book between OTC spot FX and CME FX futures
Investec joins TraderTools liquidity network
Specialist bank gains access to more than 60 liquidity providers
XTX appoints Niki Beattie as non-executive chairman
She is the founder and managing director of Market Structure Partners, an independent consultancy
TradAir upgrades full-amount functionality
Changes will provide direct relationship-based liquidity to clients and optimise the execution between sweepable and full amount liquidity
Nippon Life gains third-party access to CLS
The life insurer is the first non-bank financial institution to settle FX trades with CLS in Japan
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
Deutsche Bank research says more is not always merrier
Increasing the number of LPs in an aggregated environment can harm execution quality
e-FX Awards: XTX Markets – Best FX Liquidity Provider
The London-headquartered market-maker is expanding to become a global firm
e-FX Awards: Integral – Best e-FX Distribution Platform
Integral lets regional banks and lower-tier dealers reach clients on single/multi-dealer platforms and third-party systems without undue technology spend
Sapir heads up liquidity management at TraderTools
Moti Sapir’s promotion makes him responsible for all of the firm’s bank and non-bank liquidity provider relationships
Sucden Financial selects smartTrade’s FX platform
The institutional broker chooses LiquidityFX to support its expansion drive
World Bank bets on compression for emerging market currencies
New York-based start-up LMRKTS gets backing to support illiquid markets
Ex-Blacktree founders launch TCA firm Tradefeedr
Balraj Bassi and Alexei Jiltsov who ran the Quantitative FX hedge fund for 6 years have now set up a FX analytics company
Last look times should reflect faster data, say panellists
Risk warehousing timeframes have shrunk; market-makers no longer divided into banks and non-banks
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?”
Citadel Securities steps up push into disclosed trading space
Non-bank market-maker hires three to expand its direct client business and European coverage
FX Week Australia 2017 – in pictures
The premier conference for FX market participants in Australia and Asia-Pacific took place on March 23 in Sydney