Nex Group
Nex promotes SanGiovanni
Brianna SanGiovanni takes on commercial officer duties, reporting to Tim Cartledge
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
Nex commits to FX Global Code, sets up public register
The company commits to adhere to the principles of the code of conduct
Nex optimises post-trade OTC FX with direct clearing connectivity
By removing secondary matching, Nex optimises post-trade workflow and maximises benefits of clearing
Canadian FX committee adds new members
It also renews the expired terms for four institutions
Baton joins Nex Infinity as first third-party provider
High-speed payments firm offers its service on the Infinity platform
Knott leaves Nex Group
Global chief operating officer Ken Pigaga will replace Jenny Knott
Collaboration provides risk mitigation services with an exciting compression tool
Established less than two years ago, triReduce CLS FX has already eliminated nearly $3 trillion in gross notional value from participants’ outstanding FX forward and swap portfolios – of which $2 trillion was eliminated in the last six months alone
Nex lowers Optimisation margins for first half of the year
Operating profit margins for the Nex Optimisation business division in the six months to September 30 are set to be 20% rather than 29% as previously forecast
Nex Markets launches new analytics tool
Nex Quant Analytics will use benchmark data from the EBS ecosystem to deliver real, measurable insight for clients
Michelmore to become Apac head of buy-side sales at EBS
Based in Singapore, Michelmore will continue to report to Patrik Nagel, global head of buy-side sales
FCA grants APA approval to Abide Financial
Authorisation allows Nex Regulatory Reporting, powered by Abide, to provide enhanced services ahead of Mifid II
Nex Optimisation boosts Harmony as Mifid II deadline approaches
Traiana’s Harmony has been extended to enable participants to exchange additional information to assist with meeting a number of regulatory obligations under Mifid II
EBS Direct is moving to automatic full-amount for some orders
Manual orders of five million base currency or more will be automatically executed as full-amount tickets from September 5
EBS FX Benchmarks are a unique proposition, says Taylor
Usage scenarios could include benchmark replication, portfolio management and structured products, says Nex Data MD
Currenex and EBS mull venue-hosted last look
Platforms consider becoming third-party operators of last look to separate the function from liquidity providers
Shay leaves as Nasdaq reshuffles business under Wittman
The US stock exchange moves to combine equities and Ficc teams to better serve clients
Nex Optimisation launches automated credit-rebalancing tool
Rebalancer, developed in partnership with Citi, enables dynamic allocation of credit across ECNs
Nex Optimisation rolls out settlement-netting service
The industry gains the first fully automated settlement-netting offering for over-the-counter FX
Platform operators step up surveillance after FX Global Code
FX Week-hosted webinar focusing on surveillance finds the Code’s message is filtering through
TriReduce hits $1 quadrillion in swaps compressions
Demand has been high as banks seek to lower exposures
EBS hires D’Souza for India
Jaison D’Souza joins from FXall and will report to Patrick Nagel, global head of buy-side sales
Bank of China HK to provide liquidity on EBS Direct
The addition will provide deeper liquidity and more transparency in CNH, already a top-three currency on the venue