Foreign Exchange

The latest expansion of Virtu Financial’s analytics platform will see dedicated TCA for FX algo trading.

The TY3 matching engine was developed in partnership with FlexTrade to provide reduced cross-region latency for clients.

TORA has launched its new FX auto-hedging function aimed at providing one automated solution for all equity pairs trading.

Barclays is the latest bank liquidity provider to be onboarded to the streaming service for FX spot and derivatives from FXSpotStream.  

After recently signing up to Cobalt’s FX post-trade platform, Standard Chartered has now made an investment in the technology provider.

By leveraging previously established bots for a new digital solution, BNY Mellon and Deutsche Bank are aiming to improve custody processes for emerging market currency trades.

The Refinitiv FX Binary Multicast Feed 5ms is designed to improve liquidity and market-making for Spot Matching clients.

After acquiring a 20% stake in BidFX last year, SGX has said it will acquire the remaining 80% stake as part of plans to boost its FX trading business. 

Industry heavyweights Vanguard, BNY Mellon, Franklin Templeton, and State Street completed a pilot to trade FX forwards using DLT.

Holden Sibley will join TP ICAP as managing director and head of FX Hub after 17 years at Barclays.