CME Group
2018: mergers, name changes and having one’s day in court
Mergers and acquisitions were popular reads on FX Week in 2018, along with coverage of US FX-related court cases
Best Banks Awards: EBS
EBS wins the Best Broker for Spot FX category at the 2018 FX Week Best Banks Awards
CME to retire Nex, revives EBS as sub-brand
The deal between the two firms will go ahead after full regulatory approval in all jurisdictions
Quantile adds CME to optimisation service
Quantile Technologies completes initial NDF margin-optimisation cycle with CME group
Nex Exchange secures additional funds
Chief executive Patrick Birley will step down as part of the deal
Platform volumes up in August amid EM woes
Trading was higher than in the same period of 2017, with the euro and some emerging market currencies hitting yearly lows
CME shifts FX options expirations in step with OTC
Latest move by exchange to make FX offering more harmonised and engaged with over-the-counter space
Nex revenues rise in Q1 2018
The firm reports 7% rise in first quarter of fiscal year and confirms CME transaction on track
Awards: CME Group
CME Group has been voted the winner of two categories at the 2018 FX Week e-FX Awards
LMAX launches crypto exchange
As institutional demand for cryptocurrencies heightens, LMAX extends crypto Clob trading and firm liquidity to market participants
Thomson Reuters dives into crypto data
Real-time rates data feed covers bitcoin, ethereum, bitcoin cash and major currencies
CME and LCH bet on FX options clearing
CME’s cash-settled FX options-clearing solution will vie for dominance with LCH’s deliverable clearing product
Elysium partners Cryptalgo for cryptocurrency trading solutions
The firms introduce the solution to financial institutions as interest in digital currencies rises
Boards approve CME’s £3.9bn offer for Nex
The boards of the two firms give unanimous green light to cash-stock transaction
CME FX Link to go live on March 25
CME is launching a new central limit order book allowing participants to trade OTC spot and FX futures via a single spread trade
Nex and CME confirm talks
CME Group considers acquisition of Nex, with decision due by April 12
Thomson Reuters launches bitcoin sentiment data feed
The tool appears in a new version of the firm’s MarketPsych Indices to assist trading and risk management
US court rules cryptocurrencies are commodities
Asserting the CFTC’s jurisdiction, the ruling clears the way for the agency to bring its fraud case
FastMatch to add cryptocurrencies to FX Tape
The venue plans to support trading of the asset class later this year
Integral expands market data service to 14 cryptocurrencies
Financial technology firm hopes to provide a more accurate reference price for major cryptocurrencies
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
Cost of credit no longer about the end-client, panellists say
Instead, it reflects the cost of major participants taking risk amongst themselves due to margin rules
CME launches analytics tool with Kalahari
Shows pricing of CME FX futures compared with OTC prices; can be broken down into spot, forwards and swaps
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