Global FX Division establishes FXPB

The Global FX Division (GFXD) of AFME/SIFMA/ASIFMA announced the formation of a working group to focus specifically on the challenges and issues surrounding global FX prime brokerage (FXPB) and to implement over-the-counter FX clearing for clients.

Nomura builds out with smartTrade

Nomura went live with smartTrade Technologies’ liquidity management system (LMS) in November for its electronic FX trading business, with plans to scale the technology across other asset classes.

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