Avelacom, the low latency connectivity, IT infrastructure and data solutions provider for global financial markets, has won the FX Markets Award for best connectivity, hosting and co-location services for electronic FX trading.
The Monetary Authority of Singapore and the Banque de France are hailing the results of a cross-border digital currency simulation that could upend the current correspondent banking model, enabling banks to conduct overseas transactions across a single shared ledger.
DIGITEC, the global standard for FX Swaps and NDF pricing and data, today announced the opening of its new London office, managed by Stephan von Massenbach who joins the firm as Managing Director, Chief Revenue Officer.
Sucden Financial has made multiple hires in London.
Mike Wilkins joins as Global Head of FX Sales, with Toby Warner, Ian Steadman and Steven Robinson in FX sales roles. Wilkins joins from StoneX, where he was Head of FX, for Europe, Africa, the Middle East and Asia.
The new team will help expand the firm's client base, offering Sucden Financial's full range of FX services - FX spot, forwards, swaps, OTC options, NDOs, NDFs, deliverable FX, together with third-party credit intermediation, direct ECN access, FX clearing and liquidity.
DIGITEC and 360T have won the award for Best Reference Data Newcomer for Swaps Data Feed (SDF) at the Inside Market Data (IMD) and Inside Reference Data (IRD) Awards.
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.