FX

Articles

07 Aug 2020 — Deputy Editor

Virtu has launched a Transaction Cost Analytics (TCA) service for FX Algos, which is designed to enhance strategy performance evaluation and comparative analysis.

The new FX TCA offering merges data from three distinct sources:

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23 Jul 2020 — Deputy Editor

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.

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15 Jul 2020 — Deputy Editor

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.

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12 Jun 2020 — Deputy Editor

Goldman Sachs has become the eighth settlement member to be live on the CLS / IHS Markit cross-currency swaps settlement service.

Using the service, cross-currency swap flows are multilaterally netted against all other FX transactions in CLSSettlement, resulting in a reduction in daily funding requirements for clients and liquidity optimisation benefits across the industry.

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10 Jun 2020 — Deputy Editor

Sucden Financial, a leading global multi-asset execution, clearing and liquidity provider, has joined the TrueFX Clearing Member (TCM) network to support clients as they access liquidity on the network.

Launched earlier this year, the TCM network allows buy-side firms to access liquidity on TrueFX from leading market makers without an intermediary. Clients of TrueFX have the option to clear through Jefferies FXPB, the central credit counterparty for TrueFX, or open an account with a TCM and gain access.

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04 Jun 2020 — Deputy Editor

Supporting the ongoing shift in the FX markets to trade more volume in FX Swaps electronically, Refinitiv has launched the Forwards Matching API solution, enabling automated access to its Forwards Matching MTF venue. Based on the Spot Matching API already used by many FX participants, the Forwards Matching API will further support trading efficiencies.

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26 May 2020 — Deputy Editor

Societe Generale has joined FXSpotStream as the platform's 15th liquidity provider.

The platform's liquidity providers are Barclays, BofA, BNP Paribas, Citi, Commerzbank AG, Credit Suisse, Goldman Sachs, HSBC, J.P. Morgan, Morgan Stanley, MUFG, Societe Generale, Standard Chartered, State Street and UBS.

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21 May 2020 — Bill Hodgson

CLS is pleased to announce that three new members were appointed to its Board of Directors at the CLS Annual General Meeting (AGM) on 11 May 2020.

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18 May 2020 — Deputy Editor

Singapore-based FX technology provider, Spark Systems has closed a series B funding round, raising USD 10.5 million.

New investors HSBC, Citi and OSK Ventures International join Spark's existing backers Dymon Asia Capital, Dymon Asia Ventures, FengHe Group, Goldman Sachs, Jubilee Capital and Vickers Venture Partners.

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14 May 2020 — Deputy Editor

CLS has appointed Thomas Barkhuff as its new CIO.

Reporting to CEO, Marc Bayle de Jessé, Tom will oversee CLS's technology and information security strategy and operations. He will be responsible for ensuring the continued delivery of stable, resilient and effective IT services, applications and infrastructure.

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13 May 2020 — Deputy Editor

Using technology to achieve workflow efficiency in FX has been discussed for decades, with financial firms continually attempting to cut back office costs and deliver Straight Through Processing (STP).

Front-office technology advances have captured the headlines during times of market volatility, like those currently experienced in FX. Yet it is the boring but important area of automating the middle- and back-office that continues to deliver financial benefits, especially during times like these when there is a spike in confirmations and settlement volumes.

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27 Apr 2020 — Deputy Editor

Keith Tippell has joined CLS, where he is responsible for overseeing the firm’s existing products and in all new product development for Settlement and Processing.

Keith joins CLS from Droit Financial Technologies, where he worked as Head of Business Development for Europe and Asia Pacific. Previously, Keith held numerous product management and business development roles, including with SWIFT and Markit. At Markit, he was a Managing Director within its trade processing division and was responsible for establishing MarkitSERV FX.

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