Liquidity
Best price via disclosed trading questioned – survey
Half buy-side in new survey don't use TCA, so can't say with certainty dealing bilateral results in best ex
JP Morgan traded $250 billion via NDF algos this year
A fifth of all the NDF algo volumes conducted by JP Morgan’s clients is being internalised
Institutional crypto interest awaits infrastructure
Start-ups and entrenched players aim to bring over custody, execution and post-trade capabilities
Trade reject codes lack clarity – BoE official
Schroders and BoE criticise mish-mash of codes, as Investment Association presses for standardisation
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
Goldman Sachs shares algo analytics on FXGO
Bank teams up with Bloomberg for real-time algo order analytics to help client execution
ECB’s Mersch attacks Facebook’s ‘cartel-like’ libra structure
Senior ECB official accuses currency project of “treacherous promises”
JP Morgan to bring e-FX trading and pricing engine to Singapore
The bank’s scheduled 2020 launch will help consolidate Singapore’s position as Asia’s leading FX trading centre
Esma investigates whether middleware providers are venues
Aggregated FX liquidity offerings accused of masquerading as multilateral trading facilities
Danske overhauls FX technology to rebuff Tier 1 competition in Nordics
Bank inks partnerships on pricing engine, connectivity and algos; tests mobile solution for corporates
FX volatility rouses from hibernation
Volatility picks up on back of fluctuating US-China trade tensions and central bank easing
How the top 50 liquidity providers tackle last look
Uneven disclosure practices are making life difficult for agency algos and ECN trading
Six big FX market-makers call for end to last look
Citadel Securities, Jump and Virtu among those repudiating controversial practice
City Index: yuan to hit seven within a month
China’s yuan has not seen such levels for more than a decade, but trade war with US induces flirtation
UBS developing customisable client pricing engine
Swiss bank wants to give individual clients fully customised price without affecting system performance
FX last look: how non-banks stack up
Research shows patchy disclosures plus differences from banks on pre-hedging and rejected orders
Goldman Sachs and JP Morgan go live with CLSNow
Unlike CLS’s main settlement tool, CLSNow lets banks settle FX positions on the same day
Boas Bondesen joins BidFX in Nordic sales
Bondesen spent six years in FX sales at FlexTrade
UBS: last look is sticking around, but conversation evolving
Bank says transparent and open discussion can produce “mutual benefits going both ways”
Kurk joins Northern Trust as COO
Hire aims to capitalise on acquired technology and product capabilities
Best liquidity aggregation system provider of the year: SmartTrade
SmartTrade voted Best liquidity aggregation system provider
e-FX initiative of the year: Tradefeedr
Tradefeedr voted e-FX initiative of the year
Bank e-FX initiative/Best e-derivatives platform of the year: Citi
Citi voted Bank e-FX initiative and Best e-derivatives platform
Best post-trade services provider of the year: Baton Systems
Baton Systems voted Best post-trade services provider