Spot market

• Trading

Dealers advancing electronic FX swaps trading on CME

Deutsche Bank is among a handful of dealers using CME’s FX Link platform to help automate market-making

• 05 Jul 2022

• Regulation

XTX lawyers urge court to deny Currenex’s dismissal motion

Plaintiffs accuse platform of trying to split case across jurisdictions, which could lead to inconsistent decisions

• 30 Jun 2022

• Trading

FX HedgePool to push into spot market by year end

Buy-side P2P swaps matching engine to launch new service for WM/R benchmark

• 30 Jun 2022

• Our take

FX dealers bolstered by return of volatility

Vol's resurgence this year has created opportunities for dealers – but also some risks

• 21 Jun 2022

• Trading

Barclays scraps additional hold time on last look

With more disclosures expected this month, list of LPs ditching controversial add-on continues to grow

• 09 Jun 2022

• Trading

Crypto derivatives should be banks’ ‘gateway drug’ to spot

Improved spot market liquidity means cash-settled derivatives shouldn’t be the end goal, says co-founder

• 09 Jun 2022

• Infrastructure

Refinitiv uses rebates and speed to drive Matching liquidity

LSEG arm takes carrot-and-stick approach to market-making on primary venue

• 09 Jun 2022

• Trading

This year’s model: how FX algo usage is evolving

Changes see traders favour opportunistic and pegged styles over TWAP for larger orders, finds BestX’s Aled Basey

• 19 May 2022

• Trading

Yen exotics re-hedging fuelled vol surge, say traders

USD/JPY spike forced dealer stampede into call options, pushing FX vol even higher

• 14 Apr 2022

• Trading

New FX trading engines power growth for banks in Singapore

Influx of banks setting up electronic matching engines drives trading volumes in city-state

• 05 Apr 2022

• Trading

FX class action case to go ahead on opt-in basis

Firms will have to sign up to US-style class action against six banks accused of FX manipulation in UK

• 01 Apr 2022

• Trading

Market braces itself for EBS’s great migration

FX industry prepares for tectonic shift as venue moves to CME Globex

• 17 Mar 2022

• Infrastructure

EBS delays migration to CME Globex following member requests

FX dealers experiencing IT freezes or reallocation of resources have asked for more time to prepare

• 16 Mar 2022

• Trading

Ruble NDF pricing rupture alarms traders

Conflict sparks big dislocation between ruble NDF and spot, threatening hedges and clouding valuations

• 04 Mar 2022

• Trading

Banks, prime brokers and trading venues shun ruble trades

FXPBs turn away derivatives bets as spot platforms block ruble trades and NDF fixings go dark

• 28 Feb 2022

• Regulation

XTX joins Currenex class-action lawsuit

Non-bank LP claims rival HC Tech could see every order submitted to the platform

• 11 Feb 2022

• Trading

The half-speed method: optimising algo timing on an execution desk

Do you trade fast or slow? XTX Markets' Matt Clarke evaluates the optimal speed for execution

• 03 Feb 2022

• Regulation

NatWest Markets scraps last look hold time for e-FX

UK bank joins Citi, Goldman Sachs, Morgan Stanley and UBS in ditching controversial practice

• 02 Feb 2022

• Trading

Citi rolls out revamped FX algo execution platform

US bank’s new-look platform aims to provide algos for Asia and Latam NDFs

• 27 Jan 2022

• Infrastructure

Cboe to cut FX trading response times in half

Incoming policy will give liquidity providers 35 milliseconds to review last look orders

• 25 Jan 2022

• Trading

Morgan Stanley and UBS remove FX hold times

Goldman Sachs follows suit in new GFXC cover sheets, but NatWest Markets holds on

• 21 Dec 2021

• Infrastructure

Dealers look to cut SDP prices amid platform fee battle

JP Morgan offers different pricing for single and multi-dealer venues; Barclays mulls same approach

• 10 Dec 2021

• Trading

Asset managers want better access to spot crypto market

Top buy-side exec bemoans constraints in debate on use of futures versus spot for cryptocurrency

• 10 Dec 2021

• Regulation

First wave of GFXC cover sheets expected December 17

Greater transparency could lead to tighter last look policies, says Bank of England FX head

• 08 Dec 2021