As part of the launch, the firm has brought in two ex-Argentex Group hires to lead dealing and portfolio solutions on the desk; move comes amid “greater complexity around foreign exchange and interest rate risk throughout the investment lifecycle,” Marex tells The TRADE.
The move is set to boost FX price formation for the exchange, and support Singapore Exchange (SGX) FX’s clients in accessing liquidity.
Move is set to enable multilateral netting across FX transactions, and marks an expansion of CLS’ PvP settlement offering.
Industry stalwart initially joined the firm in 2001, working with the fixed income trading team.
The move marks the firm’s first expansion beyond equities and comes five months after the firm received approval from the UK’s Financial Conduct Authority.
As the buy-side digs further into the mechanics of liquidity provision, conversations around what make for ‘good liquidity’ have never been more interesting – expert panellists speaking at the TradeTechFX conference in Miami on Tuesday took stock.
Investment bank completes its first intraday FX swaps on the Finteum platform, as rising participation pushes weekly volumes past $1 billion.
Industry collaboration remains paramount across the foreign exchange sphere to both address FX challenges and to proactively avoid becoming a fully regulated market, asserted panellists at TradeTechFX US in Miami on Tuesday.
The combination is set to meet growing demands for efficiency in the space and enhance global FX market connectivity.
The partnership is set to allow institutional clients to access Deutsche Bank’s FX-as-a-Service technology directly through Aladdin, aiming to reduce operational inefficiencies in cross-border trades.