Foreign exchange EMS platform BidFX has expanded number of algo providers with RBC in response to client demand.
Following the launch of ForexClear’s deliverable FX options clearing service last year, LCH is now clearing FX forwards.
FX options electronic platform provider Digital Vega has expanded its senior team as it looks to support ongoing product development and expansion.
BGC and GFI were accused of ‘flying’ and ‘printing’ fake FX options trades to deceive clients.
Spot FX is currently out of scope of MiFID II and MAR, but ESMA is contemplating bringing the market in scope of the market abuse rules.
Panelists at Sibos in London agreed that flash crashes are more common in markets today, but the industry still lacks understanding.
LCH and FX Connect integration will offer buy-side users straight through processing access to ForexClear clearing services.
Over two years since the introduction of the FX Global Code of Conduct, the buy-side continues to keep it at arm's length say Sibos panel.
Virtu Financial will bring its TCA to other asset classes as it looks to offer multi-asset analytics to clients.
Global currency markets reach $6.6 trillion as share in the UK increases, but turnover in the US declines, according to BIS triennial FX survey.