Currenex platform revamp boosts corporate coverage
The upgraded system includes enhancements on request-for-stream and request-for-quote for spot, forward, swap, loans and deposits, and benchmark currency products.
The move indicates a shift in the strategy of the platform from a focus on its open-streaming execution function, to re-establishing a presence among corporate traders with a front-end bank direct interface for the RFQ model.
A source told FX Week the system enables an unlimited number of banks to quote, which differs from the typical
More on Risk Management
Four more banks join CLSNet
Bilateral payments netting service using distributed ledger tech now has nine firms live
Investment Association calls for standardisation of FX reject codes
The 13 new high-level categories will allow rejection causes to be remedied quicker
FX HedgePool goes live with three buy-side firms
Two US buy-siders trade with European firm on peer-to-peer utility created for them to source liquidity from each other
BIS calls for wider adoption of FX Global Code
Yet some industry participants question the benefits of asset managers signing up to the voluntary principles-based document
Refinitiv pledges FX brokerage to Australian bushfire relief
The area already burned is triple the size of the land destroyed by the 2018 California fires
Morgan Stanley more than doubles Q4 Ficc revenues
All US banks see Ficc revenues improve substantially in Q4 versus a year ago
Colombia culls external reserve manager to boost competition
From 2016–18, the central bank reduced the number of institutions from seven to six
Cboe plans comeback in crypto markets
US exchange plans to offer crypto derivatives after previous attempts at regulatory approval to list crypto ETFs thwarted
