Infrastructure
Best Bank for Australian Dollar: ANZ
The Australian bank has taken advantage of global players reducing their business in ANZ's core markets to strengthen its own presence there
XTX Markets provides liquidity on TraderTools
The move comes within weeks of the firm going live on 360T
CLS starts settling Hungarian forint payments
After two years of preparation and testing, the forint joins the CLS universe
USD/CNH enters top-five traded pairs on ParFX
The offshore renminbi experiences exceptionally strong growth in September
FirstRand joins CLS
The South African bank joins the currency settlement utility, raising its membership to 64
Thomson Reuters integrates FX under single umbrella
Thomson Reuters is bringing all its pre-trade tools, trading venues and post-trade capabilities under FX Trading
Non-bank market-makers look to build customer franchises
Alternative market-makers aim to fill liquidity space left by reduced bank capital and move to connect with customers directly
All-to-all FX to become commonplace by 2017
The divide between historic tiers of liquidity is rapidly disappearing, shows research from financial consultancy GreySpark
CLS sets go-live date for Hungarian forint
CLS and Hungary's central bank launched the forint project in February 2014
CME changes rules on renminbi futures contracts
The higher trading ranges reflect changes in volatility for the onshore and offshore renminbi
Hotspot targets Europe and Asia with London FX matching engine
Hotspot’s new engine gains $1.2 billion single-count trading volumes in its first full week
Saxo opens up trading infrastructure
Third parties will gain access through OpenAPI, which covers the entire trading life cycle
EBS BrokerTec draws fire for unbundling and hiking fees
Banks object to the decision by Icap’s EBS BrokerTec electronic FX and fixed-income platform to unbundle its EBS Live data feed and EBS Ticker Service data licence product from October 1, while introducing an inflation-related 3% rise for the latter
X Markets Trading will be synonymous with quality, says CEO
The flow-handling and technology company comes up with solutions to meet the risk-warehousing and technology needs of banks
TraderMade launches price-verification tool
The independent price-checking tool is aimed at buy- and sell-side market participants
Currenex launches London matching engine
Currenex's rollout will be followed by rival Hotspot's London-based matching engine kick-off
TR Matching launches half-pip pricing in EUR/USD
And slashes data update frequencies to 100 milliseconds
Market surveillance: the devil is in the detail
Nigel Farmer of Software AG describes the main considerations required for effective market surveillance
Markit launches electronic confirmation services for FX
The service matches FX option trade terms to generate legally binding confirmations, recorded centrally
CLS develops cleared FX settlement service with LCH.Clearnet
Designed specifically for central counterparties and cleared FX products, the service aims to minimise risk in the industry
EBS BrokerTec creates new management team
Phil Harris joins from Nasdaq
Credit Suisse pulls out of FXPB
Swiss dealer the latest to exit prime brokerage business
360T sells to Deutsche Börse for over €700 million
As exchanges continue the push into FX trading
ParFX to introduce decimalised pricing
And adds the Chinese renminbi - the first non-CLS unit - to its universe of currencies