24 Exchange has gone live with its first product, FX NDFs. The trading platform enables institutional market participants to anonymously exchange FX NDFs, creating an additional liquidity pool for the market. 24 Exchange claims to reduce the costs of exchanging financial assets for its participants and eliminates market data fees. The company delivers 24-hour access to liquidity for customers.
Nomura has selected Pico to build, host and manage its new FX and rates trading platform, enabling faster transaction times between its co-located in data centres based in NY4, LD4 and TY3.
Caplin, the specialist provider of desktop and mobile e-trading technology, today announced that it had won ‘Best Use of Agile Methodology’ at the American Financial Technology Awards (AFTAs).
Moscow Exchange (MOEX) has signed a Memorandum of Understanding with the China Foreign Exchange Trade System (CFETS) to unify the liquidity pools for trading in RMB/RUB on the two platforms.
Nomura’s Tsuwamono FX algos are now available on the BidFX platform.
"Nomura’s FX algorithms provide substantial benefits to clients, with high levels of trading flexibility. We’re pleased that clients can now find our algorithms on BidFX,” said Ian Daniels, Nomura Head of eFX Distribution EMEA & Americas.
Digital Vega, the leading FX Options e-trading platform and provider of FX Options trading solutions, today announced three senior appointments, which support its ongoing product development and global expansion strategy.
OpenFin has announced that BNP Paribas has built and deployed their single dealer FX platform, Cortex LIVE, on OpenFin OS.
Cortex LIVE offers users more intelligent execution methods, greater transparency and enhanced controls. The platform features a real-time market intelligence portal, Insight LIVE, data visualisation and the FX industry’s first real-time digital trading assistant, ALiX.
Advances in technology and increased automation have been central to the evolution of capital markets since the turn of the century (or arguably earlier), especially among participants who rely on speed, accuracy and efficiency to deliver profitability. As financial technology has become more advanced, the processes that firms seek to automate have become increasingly sophisticated. FX Options are an obvious target for technological innovation, as this is a global market with high levels of complexity, particularly when trading Exotics.
When people talk about Single Dealer FX Platforms (SDPs) a large number think about the original platforms, which were bank branded and offered to clients – names like UBS, Autobahn, AVT (remember them?) and Reuters RET