24 Exchange has received a strategic investment from Standard Chartered. Geoff Kot, Standard Chartered's Global Head of FX Trading, Geoff Kot, will join 24 Exchange's Board of Directors.
TrueFX has announced the launch of the TrueFX Clearing Member network, with Axicorp, FXCM and Velocity Trade providing access to the buy-side.
Barclays has become the 14th LP on FXSpotStream’s price streaming service, joining BofA Merrill Lynch, BNP Paribas, Citi, Commerzbank AG, Credit Suisse, Goldman Sachs, HSBC, J.P. Morgan, Morgan Stanley, MUFG Bank, Standard Chartered, State Street and UBS.
9th Gear Technologies, the FX platform using blockchain to provide intra-day credit and same day settlement, is a step closer to launch after it successfully completed its first test trade between 2 counterparties on the 9th Gear platform.
The USD/CAD trade was completed yesterday (11th February) in the MarketFactory Test Lab environment.
Redline Trading Solutions, the provider of market data and order execution systems for automated trading, announced today that it supports connectivity to 24 Exchange, the OTC trading platform.
Launched in December 2019, 24 Exchange currently offers streaming and RFQ liquidity for FX NDFs.
Digital Vega, the leading FX Options e-trading platform and provider of FX Options trading solutions, has appointed Rob Wemyss as a Non Executive Director and Head of Business Development, to support its ongoing product development and global expansion strategy.
INTL FCStone Inc. has executed a sale and purchase agreement to acquire GIROXX GmbH in Frankfurt. Closing is conditional upon the approval of the BaFin.
GIROXX provides online payment and FX hedging services to SME’s in Germany, Austria and Switzerland. INTL FCStone’s services will be offered to GIROXX's corporate client base.
Citi has appointed Rapid Addition as one of its core FIX platform partners for FX trading, integrating the Rapid Addition FIX engine and Hub platform into its technology stack. The Rapid Addition FIX engine claims to enable low latency trading, while the Hub platform delivers scalability in client on-boarding and configuration.
CME Group has hit a new single-day volume record for its FX futures - 2.7 million contracts were recorded on Dec. 11, 2019, which surpasses the previous record of 2.5 million contracts set on June 14, 2017.
Open interest (OI) for CME Group FX futures also reached a record 2.3 million contracts on Dec. 11, 2019, up from the previous OI record of 2.2 million contracts set on Dec. 10, 2019.
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.