Liquidity
Platforms and LPs welcome surge of activity
The outcome of the US presidential race is an early Christmas present for platforms printing new records
Trump victory boosts volumes and uncertainty
FastMatch experiences a small technical glitch overnight, but industry handles six- to seven-times normal volumes with ease
Citadel Securities provides liquidity for Invast Global
Invast Global's PurePrime facility offers bespoke, optimised FX and CFD liquidity, with multiple trading GUIs
Warm welcome for Stater's matched principal model
New prime-of-prime service has no intention of sparking a price or leverage war, its chief says
Renminbi in SDR basket will end dollar overreliance – PBoC's Jin
IMF move will trigger a reallocation of assets onshore and offshore, says PBoC representative at the HSBC China Forum
Pound crashes 8% during early morning trading
Sterling plunged from $1.26 to $1.14 within two minutes, just after 7pm in New York
ADS Securities to pull back from London, Watson resigns
ADS Securities London will become regional base, redundancies on the cards
Ex-Citi Soliman launches new PoP venture
Backed by New Zealand-based Stater Holdings, the firm is targeting sub-$50m hedge funds and retail brokers
GTX to launch London and Tokyo matching engines
London engine goes live on October 15, with TY3 to follow within 90 days. GTX partners Nightberg for research
LMAX pushes into North America with new matching engine
New liquidity pool based in NY4 is aimed at funds, asset managers, brokers and banks
SmartTrade launches big data analytics solution
The new solution, called smartAnalytics, will allow clients to generate graphical reports on pre-trade, execution and post-trade performance via a TCA tool
Spotlight on Solid FX: the rise of streaming in size
Dutch firm sees 45% growth in demand for its NBLP arm, gaining benefits from its ability to price-in up to $30m clips
BIS figures reflect tectonic shifts in market structure
Decline of headline figures in the survey pose questions over how much the market has changed in three years
EBS to open NDF pool to non-bank players
Trading platform makes high-level decision to give prime brokerage clients access. Timing and details to come
NBLPs face credit challenges as banks protect their role in FX
NBLPs' narrow focus could prove the saving grace as banks' businesses span a wider range of products
Spot FX is a ‘bankrupt business’ if economics don’t change
The complexity and choice available to participants has increased at the same time as liquidity provision dynamics have shifted, upending previous business models, panellists say
Connectivity comes into focus as liquidity sags
Increasing participation from buy-side firms and deteriorating liquidity conditions boost cloud providers
JP Morgan won't use non-bank liquidity providers in internal FX pool for now
The need for control and transparency, and the size of the franchise means the bank has no wish to add external liquidity
TraderTools plans buy-side build-out
Firm puts buy-side clients in its crosshairs; discusses potential execution options and plans to tap hidden pools of liquidity
Mahi looks to be strategic risk manager for retail brokers
Appointment of Nick Mortimer comes as technology company prepares to push its Compass offering to the retail segment
FlexTrade opens Frankfurt office
Brexit and the firm's strategy of establishing a local presence motivates the decision
Growth of NBLPs thwarted by credit structure, platform heads say
Alternative LPs look to do more relationship-based trading rather than streaming prices anonymously
Credit space needs innovation to fix it, panel says
13th annual FX WeekUSA delegates hear that non-banks are not in fear of losing their PBs
Best Liquidity Aggregation System: TraderTools
The technology provider has carved out a niche for itself among Tier 2 banks