Foreign Exchange

As part of a scheme by the Monetary Authority of Singapore, Northern Trust is the latest major bank to launch an eFX trading and pricing engine in the region.

The end-to-end liquidity solution by smartTrade will connect Lombard Odier with 130 liquidity providers across FX spot, forwards, swaps, NDFs, options, and precious metals.

As well as FX trading, Barclays has rolled out its new implementation shortfall algorithm known as Gator Adapt to manage slippage.

BNP Paribas and Standard Chartered supported the first match aligned with quarterly international money market dates on startup matching engine FX HedgePool. 

Kevin Connors becomes global and EMEA sales head of FX and emerging markets at Nomura in a newly-created role.

The FX digital trading assistant was launched by BNP Paribas in 2019 as part of a major upgrade to its FX trading platform, Cortex FX.

Aaron Ayusa joins Baton Systems as director of client success after nearly 11 years at Credit Suisse in the FX space.  

Buy-side traders using TORA’s multi-asset platform will gain access to FX liquidity from CME Group’s EBS Market and EBS Direct.

The suite from BidFX allows banks, hedge funds and asset managers to manage client-specific liquidity streams and monitor composite rates across FX products. 

The tool from HSBC will allow asset managers to assess the effectiveness of hedging strategies and will be integrated with the bank’s single dealer platform later this year.