Trading systems
Northern Trust acquires BEx to strengthen FX capabilities
Acquisition follows successful two-year relationship that led to distinctive currency solutions for the bank
ABN Amro to clear Eurex FX derivatives
These include classic exchange-traded futures and options, as well as rolling spot
Crypto markets need big bank financing and credit
Acquiring backing of a bank with a sizeable balance is more important than custodial services at this stage, says crypto market-maker
Morgan Stanley invests $15 million in Integral
Cash injection enables Integral to pursue platform expansion across broader set of currency participants
OTCXN launches crypto-trading venue for institutional clients
Clients have already begun executing trades in ether and bitcoin versus dollars
FlexTrade integrates pre-trade model into EMS
Modelling tool helps users plan trades, cashflow and hedging ahead of time
Refinitiv expands in Mena, launches sentiment feed in Japan
Clients can access range of markets in Middle East and North Africa
Fix participation shifted after scandal, says FCA
Lengthening the benchmark window in 2015 made manipulation less likely, but the fix price is harder to obtain
Integral is not up for sale, says Sandhu
Silicon Valley firms are never for sale; they get acquired, says technology firm’s chief executive
SaxoSelect sees healthy growth in Q3
Saxo Bank’s digital investment service allows clients to put money into a range of pre-selected investments
Quick to distribute Fenics’ Kace products in Japan
The agreement enables Quick to offer an integrated solution to clients
Last-look class certification fails against Deutsche Bank
US District judge Lorna Schofield denies two class certifications, saying market participants were aware of liquidity providers using last look
FXall launches analytics tool
FXall launches the Trade Performance Analytics tool, which will be rolled out on other Thomson Reuters platforms in future
More platform deals to come, says consultancy
FX specialist consultant Javier Paz says smaller venues may seek larger owners over the next two years
State Street to buy BestX
The TCA provider is set to become a wholly owned subsidiary of State Street; financials undisclosed
Euronext dismisses Galinov lawsuit as ‘baseless’
The exchange operator says legal complaint is an attempt at retaliation from Galinov
Euronext moves to buy Galinov’s shares
The exchange operator buys Galinov's 8% of equity in FastMatch for $0.001 per share
Galinov files lawsuit against Euronext
Former FastMatch chief files lawsuit against Euronext and FastMatch claiming “Machiavellian” scheme
Intl FCStone set for yearly payments of $1bn in Brazil
Exotic markets payments provider says volumes are up threefold since obtaining a banking licence in the country
CFH Clearing expands Asia offering
The integration of the technology enables CFH to provide local liquidity to its clients in Asia
Thomson Reuters to rename Financial & Risk business Refinitiv
The standalone firm will continue to focus on trading platforms, data and market infrastructure provision
FX Connect rolls out automated order routing
New functionality allows buy-side traders to automate execution according to pre-set rules
Crypto revolution creeps slowly into institutional space
While cryptocurrencies have taken the retail world by storm, institutional investors stay cautious
TradAir goes live with crypto technology
BlockFills is the first to white-label the technology provider’s cryptocurrency platform