CME Group, the world's leading and most diverse derivatives marketplace, today announced it has integrated its FX Link platform with the Refinitiv Trade Notification (RTN) and IHS Markit's MarkitSERV messaging services.
Equiti Capital, a subsidiary of Equiti Group, has deployed Lucera LumeFX’s technology, an FX aggregator known for its low latency execution and expansive connectivity to the FX market.
BNP Paribas announces that ALiX, its FX digital trading assistant first launched in September 2019, has expanded across the full FX product suite on the bank’s advanced FX trading platform, Cortex FX.
Akshay Aiyer, a former Emerging Market FX trader at JPMorgan, has been sentenced to eight months and ordered to pay $150,000 for market manipulation.
Using Bloomberg chat rooms, personal mobile phones, and private meetings Aiyer conspired to manipulate Central and Eastern Europe, the Middle East, and Africa (CEEMA) markets, prices and spreads. Others involved were Jason Katz (formerly at Standard Chartered) and Christopher Cummins (formerly at Citi), who both received a more lenient sentence in return for helping with the prosecution of Aiyer.
Ideal Prediction (Ideal), has won the FX Markets award for 'Best Surveillance Provider' for the second consecutive year. The award reflects Ideal's ability to codify principles-based best trading practices in FICC.
Avelacom has won its first FX-Markets Award for the best liquidity aggregator/connectivity services.
The FX Markets awards recognise the skill and creativity in the fast growing and changing world of e-FX. 2020 turned out to be a challenging year, with extraordinary volatility and record exchange-traded volumes globally.
Capitolis enables firms to optimise their balance sheet exposures by eliminating unnecessary positions and finding the most suitable party to hold the remaining positions. Targeting equities and FX, to date Capitolis has eliminated $5 trillion in overall positions for more than 50 financial institutions.
"We are excited to have three of our trusted partners provide further support for our vision and business model focused on transforming the marketplace for the benefit of all participants," said Gil Mandelzis, CEO and founder of Capitolis.
CME Group has launched a new FX Options Vol Converter tool, which prices listed FX options liquidity in over-the-counter (OTC) terms. This helps FX traders to more monitor price relationships in OTC and listed markets and make more informed decisions about trading strategies.
The tool takes the price data that is already functionally equivalent to OTC options, with alignments in style, expiration time, and underlying price convergence and creates a volatility grid by tenor and deltas for comparison purposes.
Having signed as a client on Cobalt's platform in February, Standard Chartered joins Citi as an investor in the firm.
Cobalt creates a single version of an FX trade and checks credit in real-time, cutting operational costs and reducing credit, settlement and operational risk. Its technology services interbank, prime, buy-side and bank-to-client relationships.
Jamie Rose has joined oneZero as Director of Relationship Management, where he will be responsible for developing and managing key client relationships across the UK and Western Europe.
Jamie brings extensive institutional experience and industry knowledge from his background as head of eFX at both Xenfin and Marex Spectron, in addition to previous roles at FXall and Dresdner Kleinwort Wasserstein.