Liquidity
BayernLB selects smartTrade’s FX platform
The German bank will use LiquidityFX to meet its connectivity, aggregation, pricing, execution and risk management needs
Asian buy side faces non-cleared margin currency penalty
Global banks charge premium for accepting local securities instead of major currencies
Cobalt chooses Solace for post-trade information processing
The move aims to guarantee incoming messages can be processed consistently, especially during bursts of heightened market activity
Platform capacity issues raise liquidity concerns
Liquidity providers concerned that ECNs are struggling to cope with amount of data going through venues
Bank of China HK signs up for Thomson Reuters FX Trading
FXall and Electronic Trading are now available on Thomson Reuters’ desktop platform, created in 2015
Johnson under cross-examination
Prosecution attorneys argue HSBC went beyond its executing bank role when it advised Cairn on order execution
‘Gus thinks we’re buying 6.5bn’ – Johnson trial
Mark Johnson’s trial reveals how HSBC faced significant difficulties with the Cairn order as other banks knew of the deal and tried to benefit from the information
Johnson: ‘It was fair all around’
Embattled former trader says execution of Cairn Energy order produced better than expected outcome
Salmon warns of algo risks
BoE's Chris Salmon cautions against lack of transparency brought in by automated high-frequency trading
Johnson set to take stand today
Mark Johnson will testify in his own defence today following day of high drama on October 10 around Rodgers’ analysis
Johnson’s defence to present case on Tuesday
Rodgers expected to take stand during course of the week
Integral introduces flat fees on OCX
The venue will charge $2.75 per million per side on its open currency exchange platform
FXSpotStream hires San Pietro; adds State Street
Tom San Pietro, former CEO of LavaFX, joins FSS in newly created role
Northern Trust: algos give power to clients
The release of an FX algorithm suite in June ushered in a new era for the custody giant
FMSB warns of Ficc market vulnerabilities
In its annual report, the body representing the global Ficc market, highlighted areas of concern still needing attention
CME to launch spot FX basis spreads
The CME FX Link will create the first central limit order book between OTC spot FX and CME FX futures
Investec joins TraderTools liquidity network
Specialist bank gains access to more than 60 liquidity providers
XTX appoints Niki Beattie as non-executive chairman
She is the founder and managing director of Market Structure Partners, an independent consultancy
TradAir upgrades full-amount functionality
Changes will provide direct relationship-based liquidity to clients and optimise the execution between sweepable and full amount liquidity
Nippon Life gains third-party access to CLS
The life insurer is the first non-bank financial institution to settle FX trades with CLS in Japan
Pragma launches triangulation algo for crosses
New functionality will enable clients to achieve better execution when trading illiquid currency pairs
Currenex and EBS mull venue-hosted last look
Platforms consider becoming third-party operators of last look to separate the function from liquidity providers
Deutsche Bank research says more is not always merrier
Increasing the number of LPs in an aggregated environment can harm execution quality
e-FX Awards: XTX Markets – Best FX Liquidity Provider
The London-headquartered market-maker is expanding to become a global firm