Infrastructure
LCH brings automation to ForexClear
Firm collaborates with Genesis to automate exercise and options expiry
TraderTools to roll out algo suite for regional banks
Regional banks on the platform will be able to behave like HFTs in their local currencies
Mizuho taps smartTrade to provide new e-FX platform
The Japanese bank is replacing its legacy FX platform
FastMatch sets up matching engine in Singapore
The ECN looks to diversify its product and client base by plugging into the city-state’s FX infrastructure effort
FX Link pulls futures-shy banks into the fray, says CME
Since its 2018 launch, CME says the product has attracted some Tier 2 banks to FX futures
PBoC chief pledges to keep opening up China’s financial sector
China will also continue market-based reforms of yuan exchange rates
SGX snaps up 20% stake in BidFX
Exchange invests $25m in TradingScreen spinoff, expects to boost liquidity by adding OTC to FX futures
Seed CX adds new crypto pairs, lands ally in Asia
Institutional clients can now trade BCH/USD and LTC/USD, says Seed CX, which has partnered a Singapore fintech
B2C2 enlists Wall Street veteran Catalanello to head US expansion
Crypto market-maker hires former New York Fed FX committee member to lead quest for growth in Americas
Refinitiv takes deal-tracking service into cloud
Cloud-based FX post-trade product provides data archiving, aimed at easing compliance and cost burdens
EBS to turn on API streaming for Quant Analytics
Service will cover outbound analytics when it launches later this year, but should add inbound later
What the crypto market needs to entice institutional capital in
Adoption of more traditional regulated structure will help, but could dim crypto's rebel lustre, say industry participants
CBOE pulls plug on bitcoin futures trading
First mainstream exchange to offer bitcoin futures calls halt as it reviews approach to crypto
Stater Global Markets partners oneZero
The prime-of-prime broker gains access to a network of 200 market-makers and takers
LCH adds five currencies to non-deliverable swaps offering
Expansion in response to customer demand in Asia and Latin America
INTL FCStone extends e-trading platform across all frontier markets
The venue brings electronic FX to world’s most illiquid currencies
New Change FX to supply independent rate to Jyske Bank
Danish bank will use provider’s independent FX data for better analytics
Virtu completes $1bn ITG acquisition
Firm will supplement its current management with existing ITG leadership globally
Julius Baer partners crypto firm SEBA
Swiss bank aims to provide clients with access to digital assets
State Street provides CLSSettlement to Japanese pension fund
Unnamed Japan-based pension fund is part of pilot to mitigate pension funds’ FX trading risks
Nomura’s asset manager extends CLSSettlement to Japanese funds
First local asset manager to provide access in sign of success for buy-side adoption push
Zimbabwe sets up interbank FX market with new dollar-pegged currency
Central bank governor pledges stability, but analyst says initiative is “cancerous”
USD/CNH futures trading hits record high in Singapore
Trade dispute-driven volatility sustains momentum as overall FX futures trading peaks
Esma to recognise three UK clearing houses in no-deal Brexit
EU derivatives traders will gain unbroken access to UK CCPs, even with no withdrawal deal