Infrastructure
Renminbi payments drop in December
The Chinese currency is once again the fifth most-used for global payments – Swift
FXSpotStream adds State Street as LP
Execution venue records highest-ever average daily volumes in January
Alves joins FlexTrade in senior FX role
FlexTrade is building up the leadership of its FX business as the buy side continues to adopt more automation
Fluent adds two services to FX suite
Firm combines post-trade, at-trade credit, kill-switch APIs and pre-trade risk management on one platform
CFETS to upgrade FX platform
The trading venue will provide new cross-currency swaps for six currency pairs
Nex’s Cartledge: we’re not asking anyone to pay in advance
EBS Direct to raise brokerage fees following analytics suite launch and single-ticket execution upgrade
Blackstone and Thomson Reuters sign $20 billion deal
Private equity company Blackstone will acquire 55% stake in Thomson Reuters’ F&R business, including FX platforms and market data
Sigelbaum joins TR to lead FXall
Jill Sigelbaum replaces John Cooley, who left Thomson Reuters in November
FX Connect to offer BestX analytics
The platform’s key client base is the core audience for FX TCA
FastMatch launches two new order types
The venue also makes changes to its system to improve market data rates
Jyske Bank opts for Barracuda's Order Hub
Danish bank chooses the order-management technology to streamline FX operations
BNY Mellon to build franchise partnerships using FXPB
The bank’s FX prime brokerage beta clients could go live within the next month
TraderTools taps Abacus for cloud service
The venue gains the global scale and infrastructural expertise to expand ULN
New records for LCH volumes in 2017
Strong growth driven by roll-out of new products, regulatory change and onboarding of new customers globally
Hotspot partners Celer Technologies
Celer’s bespoke trading GUI will enable customers to access Hotspot’s outright deliverable forwards liquidity
Renminbi payments jump in November
The currency overtakes Swiss franc and Canadian dollar as sixth most used for global payments – Swift
Cboe FX: LP competition to heat up
As banks re-enter the market-making fray, challenging non-bank liquidity providers
Nex: more data and better analytics in 2018
This will lead to better execution outcomes for clients
CLS: politics and technology will be main drivers in 2018
Distributed ledger technologies will be used increasingly while cryptocurrencies gain ground
MarketFactory sees more fragmentation and a rebound for prime
Activity on Clobs will also increase due to best execution requirements
LBC selects Bloomberg’s FXGO for treasury
Philippine logistic company eyes further expansion and looks for seamless trade execution
ForexClear prints new record, clearing more than $100bn in one day
And recently launched G10 NDF service clears over $700m in a month
CFTC approves CME and Cboe bitcoin futures
But warns investors it has limited statutory authority over the underlying cash markets and exchanges for bitcoin, which are largely unregulated
LCH SwapAgent processes first cross-currency basis swap
It is the first non-cleared trade to be transacted as LCH STM, SwapAgent’s settlement-to-market legal and operational framework