SoftSolutions!, has announced that industry veteran James Della-Porta has joined as Head of Client Engagement. In his role, James will help clients take full advantage of the flexible approach that SoftSolutions! offers to the fixed income marketplace.
Tradefeedr announces that Ian O'Flaherty will be joining its Advisory Group. Ian has held various senior roles throughout his career including Global Head of FX eSales & Global Head of Spot FX at Deutsche Bank.
Aquarius Financial Technologies Ltd. (Aquarius), a next generation trading technology provider, has announced a strategic partnership with CQG, a leading global provider of high-performance technology solutions for traders, brokers, commercial hedgers, and exchanges.
THETA, the specialist provider of buy-side trading technology as a service, has been accepted onto the Microsoft for Startups programme.
Through this programme, THETA will continue to build a strategic collaborative technology partnership with Microsoft. With access to a variety of Microsoft technical and business resources including partners and tools, the firm will continue to build and scale its business and service offerings covering cloud technology, best practice, and business development.
CFH, the prime of prime broker, has joined the Gold-i Matrix NETwork, extending its liquidity coverage to include Hedge Funds and Asset Managers.
Through Matrix NET, CFH can offer a direct connection to a Fund Manager via FIX API, providing trading transparency, P&L visibility, and reporting.
Banco Monex has become the first Latin American third-party service provider of CLS’s payment-versus-payment (PvP) FX settlement service, CLSSettlement.
Banco Monex has been a CLSSettlement member since 2018 and now is enabling its clients to participate as third parties, helping them to mitigate settlement risk while significantly enhancing liquidity efficiencies for the Mexican market.
SEB is the latest liquidity provider to join EMS platform BidFX.
BidFX head of Nordic Sales, Peter Bondesen, commented, "The increased interest in our advanced EMS from Nordic financial institutions means greater demand for specialised, local liquidity. Many of our global clients have also requested SEB as a counterparty to provide bespoke liquidity both through streaming rates and RFQ"
Refinitiv has released its monthly FX volumes for March 2020.
The total ADV traded across Refinitiv's suite of FX services, reached $540 billion - the highest level since it started reporting data in April 2009.
Non-spot platforms recorded a new peak of $399 billion ADV, a 15% increase on MoM, and 8.4% increase YoY.
ADV across Matching and FXall spot trading platforms was $141bn, the highest volume since September 2014, representing a 36.9% increase MoM, and a 45.3% increase YoY.
CME Group has reported its March and first-quarter 2020 market statistics, showing it reached a record average daily volume (ADV) of 32.1 million contracts during the month of March, up 68% from March 2019.
First-quarter 2020 ADV reached a record 27 million contracts, an increase of 45% from first-quarter 2019. Open interest at the end of March was 123 million contracts.
Quarterly ADV highlights include:
Bank of China has launched DeepFX, an artificial intelligence-based FX trading signal prediction application through Eikon.
DeepFX was developed by the Digital Asset Management Department of Bank of China using deep learning technology to predict the short-term price movements in EUR.USD, AUD.USD, GBP.USD, USD.CAD, USD.JPY and USD.CHF.