Tradition
Optiver becomes first non-bank options market-maker on FXall
Dutch e-trading firm joins OTC FX options platform in a market taking electronic baby steps
DeepWell hires seven
DeepWell chief executive Richard Leighton brings raft of colleagues from former firm Mirexa
Watson joins Tradition as global head of market data sales
The former chief executive of ADS Securities Europe moves to broker Tradition in London
Campbell Adams leaves ParFX
Adams is responsible for randomisation as a practice coming to financial markets
Tradition and LMRKTS deliver initial margin optimisation
The two firms conducted a live run, resulting in the processing of 132 sides of trades within eight minutes, nine seconds
Nex Data signs distribution partnership with Tradition
Nex Data will source real-time and end-of-day prices from Tradition's global electronic, hybrid and voice-broking operations
On-Sef FX trading hits September high
FIA reports a 32% leap in volumes since August
Markit rolls out FX trade-affirmation service
Banks can consolidate trade notifications from multiple interdealer brokers and validate transaction data at a central location before it is processed
CFTC grants registration to 18 Sefs
With the process nearly complete, the CFTC can focus on fine-tuning the Sef rules
Bloomberg Sef sees $60 billion worth of FX trades in first year
It lags behind rivals Tradition, GFI, BGC, Icap and Tullett Prebon
ParFX launches buy-side push
GSA Capital and Virtu Financial among non-bank participants
Randomisation allows smaller players to compete
Larry Harris says randomisation will make markets more competitive
ParFX adds Citi and JP Morgan as founding members
Two more banks sign up as ParFx founding members
Perspectives on 2014: Roger Rutherford, ParFX
With 12 banks now trading on ParFX as members, the platform will open up to the buy side in the coming months, which will test the strength of its business model and trading rules
Meet the Sefs
The weeks leading up to the October 2 deadline for registration as a swap execution facility (Sef) under the US Dodd-Frank Act have seen a wave of new platforms receive approval from the Commodity Futures Trading Commission (CFTC). Robert Mackenzie Smith…
Tradition-Icap ramps up FX options offering with RFQ product
Broker is adding VolCall to its Volbroker platform in the hope of taking more of its options business electronic
ParFX targets buy side inclusion by Q4
The platform will open its doors to non-bank market participants later this year in what will be the real test of its level-playing-field design
Tradition launches ParFX, aims to topple EBS and Thomson Reuters
Bank-backed spot FX platform ParFX hopes to rival incumbent platforms EBS and Thomson Reuters