Infrastructure
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
Renminbi's share of payments drops 19% in October
Chinese currency slips behind Swiss franc and Canadian dollar as seventh most-used currency for global payments – Swift
Barracuda FX launches OMS Cloud
New cloud-based OMS will include many FX features such as connectivity to Barracuda’s Order Hub service
Cboe FX boosts market share in October
Volumes up, driven by activity in European and Asian trading sessions
Nex commits to FX Global Code, sets up public register
The company commits to adhere to the principles of the code of conduct
Crown Agents Bank launches FX trading platform
UK-regulated bank provides a link between developing markets and OECD governments, financial institutions, NGOs and corporates
MarkitServ rolls out workflow automation for cross-currency swaps
Enhanced service launched in conjunction with CLS and LCH
Seven sign up for CME’s over-the-counter NDF-clearing launch
The exchange is set to launch the service in the first quarter of 2018
Nex optimises post-trade OTC FX with direct clearing connectivity
By removing secondary matching, Nex optimises post-trade workflow and maximises benefits of clearing
Thomson Reuters commits to FX Global Code
The venue joins a number of early adopters in pledging to support better behaviour in the currency market