Infrastructure
Trade surveillance comes with a hefty price tag
Costs subject to rate and volume of transactions, and number of locations
US overtakes Taiwan as offshore RMB clearing centre
The value of RMB payments between the US and China jump 229% in the year to April 2014
Fluent launches PB risk management solution
Product aims to solve the problem faced by prime broker banks lacking adequate pre-trade risk management systems
Lucera launches FX trading platform
Clients have separate servers to avoid crowding and improve failure management
CLS will adhere to US sanctions on Russia
The ruble looked set to become the 18th currency to be settled through CLS, and while both the CBR and the industry utility are committed to the deadline, political uncertainties remain
Nordea teams up with Caplin for single-dealer offering
Nordea Markets chooses Caplin Systems' Liberator service for its single-dealer platform
Trade life-cycle monitoring migrates to FX
A new breed of monitoring and surveillance technology arrives in FX
Clearing costs creep up for clients
Some futures commission merchants are raising fees for clearing and collateral transformation services, buy-siders say
CME Europe ‘slow start’ expected
Market participants feel significant volume on CME Europe could take a long time, but prospects for Asia are exciting investors
Moex sees record FX volumes in March
Algorithmic traders have helped the Russian exchange boost its forex volumes
Thomson Reuters Matching suffers outage; trading unaffected
Customers were unable to test their connections to one of the main currency trading platforms due to a technical glitch
EBS Direct suffers outage, trades unmatched overnight
Glitch started in Asian trading but did not affect EBS Market platform
Banks looking to back bitcoin with new exchange
Digital currency bitcoin is set to be launched on an NYSE-comparable exchange this year with the backing of the institutional market
Lab49 unveils platform partnership with UBS
Technology consultancy has been working with UBS on its Neo platform since 2010, the firm reveals today
CME Europe set to launch FX futures in April
After a significant delay to the launch of its flagship European exchange, CME Europe will launch next month with 30 FX futures contracts
CLS appoints Ken Harvey as chairman of the board
Harvey will take over from Hartsink later this year as chairman of the board, when Hartsink retires after seven years
CLS set to add Russian ruble in November, source says
Industry settlement utility CLS is poised to add the ruble to its currency universe in November
Eurex hopes to steal march on rival CME with FX launch
After delays, Eurex may launch FX futures and options by summer
Hungary targets forint entry into CLS
Hungary's central bank has committed itself to bringing the currency into CLS, FX Week understands, and sources believe it could be added as early as next year
Icap sees steady NDF volume on Sef
Reported data shows Icap's Sef trading roughly $6 billion daily volume in non-deliverable forwards but other Sefs have fared less well, including Integral, with just one trade
DealHub names Jyske Bank on FX Distribution Hub
FX technology firm DealHub publicly announces a second bank using FX Distribution Hub, following on from Commerzbank in September
Gain GTX gathers momentum as it awaits Sef licence
Gain Capital's institutional platform reached average daily volume of $20.4 billion in November, a year on from the appointment of Joseph Wald to run the platform
Perspectives on 2014: Simon Wilson-Taylor, Molten Markets
Algorithmic execution might have seemed implausible in the FX market a few years ago, but this will be the year when the market structure shifts further in a direction that favours algos, says Molten Markets chief executive Simon Wilson-Taylor