Foreign Exchange

The integration is set to boost market visibility and transparency for BCC clients looking to operate in the country’s FX market.  

The new offering will allow clients using State Street’s FX Connect to carry out in-flight TCA and algorithmic controls, to enhance visibility for execution quality and oversight.  

The initial phase of the Chainlink integration will span spot and one-month forward rates across major G10, Asian and emerging market currency pairs.  

Collaboration integrates RMB liquidity into SGX FX infrastructure to enhance pricing and execution across African FX markets.

The new offering – MYQ – is expected to support FX market participants in maximising pre-trade workflow efficiency, by collating fragmented pricing quotes across IB chats into a centralised format. 

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.  

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.