Liquidity
Philippines bankers partner Bloomberg on FX initiatives
Bloomberg has been selected as the calculation agent for USD/PHP and bankers will use FXGO for spot trading
Lawyers in cartel case argue against antitrust accusations
Depending on the type of relationship, the Sherman Act may or may not apply
BIS warns of virtual currency risks
CBDCs could have an impact on global financial stability, and large demand could force central banks into risky assets, new report says
BNY Mellon launches FX trading room in South Korea
The bank aims to improve pricing and liquidity for regional and global market participants
FXSpotStream adds State Street as LP
Execution venue records highest-ever average daily volumes in January
Alves joins FlexTrade in senior FX role
FlexTrade is building up the leadership of its FX business as the buy side continues to adopt more automation
BNY Mellon to build franchise partnerships using FXPB
The bank’s FX prime brokerage beta clients could go live within the next month
TraderTools taps Abacus for cloud service
The venue gains the global scale and infrastructural expertise to expand ULN
Clarifying the murky language of liquidity
Campbell Adams, founder of the Pure initiative that now operates as ParFX, has a grudge against misnomers
GFXC to push for more LP disclosures
Following the publication of the final version of Principle 17, the committee will establish three new working groups
Hotspot partners Celer Technologies
Celer’s bespoke trading GUI will enable customers to access Hotspot’s outright deliverable forwards liquidity
BNY Mellon zeroes in on FX
Newly hired James Taylor discusses the business transformation taking place in foreign exchange at the bank
Goldman Sachs: analytics pushes SDPs to fore
As clients ask more detailed questions about execution, deepening key relationships is high on the agenda
Citadel Securities: understanding LP performance set to drive behaviour
As execution quality is better understood, clients will look to deepen relationships with good liquidity providers
JP Morgan: electronification, algos and control will be key in 2018
More electronification is on the cards, not only in terms of execution, but also workflow
XTX: transparency, clearing and relationships will dominate
In 2017, clients rediscovered the value of relationships, but priorities are likely to change in 2018
BestX: FX Code may bifurcate liquidity in 2018
This could lead to venues having to manage multiple liquidity streams
Thomson Reuters launches MTF
The new MTF will provide FXall and Forwards Matching users with a compliant source of liquidity
Shift towards futures inevitable, says Greenwich
To address the cost pressures associated with regulation, both buy- and sell-side participants have started analysing the impact of adopting futures in their trading habits
Pragma calls for flash crash definition
Technology provider Pragma says systematically tracking flash crashes according to a set of criteria could help regulators
SmartTrade opens Milan office as client base grows
The company has onboarded new clients in several places, including Germany, Italy, Japan, North America, South Africa and Switzerland
Buy side should create central tape, panellists say
Internalisation and analytics were the focus of discussion for an occasionally tense panel
Regulations often neglect FXPB, panellists say
Post-crisis regulatory efforts tend to focus on core market-making, leaving credit intermediators in a confusing limbo
