Industry veteran Gavin Wells spent almost 15 years with Citigroup, before taking senior roles at LCH and Digital Asset.
The record compression activity is up 71% from last year, with triReduce CLS FX compressing $4.9 trillion in the fourth quarter alone.
Paresh Shah joins BNY Mellon as global FX operating chief, after leading FX and commodities operations for HSBC in the Americas.
BNP Paribas follows JP Morgan and Citigroup in establishing an FX pricing and trading engine in Singapore.
Asset managers have poured cold water on plans to expand MAR to include spot FX due to the impact of the FX Global Code of Conduct.
CME Group said clients are increasingly looking for FX products to manage exposure.
360TGTX MidMatch provides traders with the ability to electronically exchange risk at the mid, with ANZ and Commerzbank the first to use the new service.
David Byne and William Hartlett join the sales team for the global foreign exchange solutions business at Northern Trust for North America.
Instinet reaches beyond equities to incorporate foreign exchange through launch of new agency trading business.
Pico to develop, host and manage new platform for Nomura's global FX and rates trading businesses.