Chief executive at CLS to step down at the end of the month
David Puth will step down as CEO at CLS from 30 September, after taking up the role in 2012.
Foreign Exchange
Ignore the hype and focus on machine learning objectives, say buy-side tech experts
Industry buzz around machine learning and AI must be set aside in favour of transparency and interpretability according to TradeTech FX speakers.
TCA data on FX algo performance winning over the buy-side
TradeTech FX Europe panellists discussed the increasing adoption of algorithms in FX markets, although uptake has been slow.
Trump, China and Brexit top list of geopolitical concerns for FX markets
TradeTech FX Europe panellists highlight escalating trade war between the US and China as biggest risk for global FX markets.
Foreign exchange players remain unconvinced by algo wheels for accessing best possible liquidity
Speakers at this year’s TradeTech FX conference in Barcelona pour cold water on order routing automation.
Industry told to adhere to Global FX Code or face regulation
Expert panel at TradeTech FX in Barcelona this week outlined the benefits of adhering to the Code, and focus on more adoption from the buy-side.
Deutsche Boerse and 360T launch new FX market data service
German exchange group continues FX growth with new market data service from 360T.
Global FX Code making an impact as ‘last look’ executions diminish
New study from NEX Markets finds a reduction in hold times, reject rates and a tightening of spreads on its EBS Direct trading platform.
Reducing the human touch
Buy-side priorities have been historically dominated by regulatory concerns, but a survey of senior FX buy-siders carried out by Worldwide Business Research suggests that automation is now taking over. Hayley McDowell examines the benefits, challenges and progress as asset managers look to reduce the human touch on trading desks.
Thomson Reuters adds Japanese Yen and Thai Baht to matching platform
Cross-currency trading in JPY/THB and TBH/JPY will be provided on the Thomson Reuters central limit order book platform.