Foreign Exchange

The move is set to support firms using AI to build their own trading tools, while keeping every order decision within a deterministic, auditable core. 

The move is set to connect portfolio activity, pricing, and execution more efficiently, according to BlackRock.

Stratos Group, the Jefferies-owned parent of FXCM, is set to sell all of its assets and operations to the online broker, according to a SEC regulatory filing.

The new vice president joins after three years at the French bank, and six years at Credit Suisse prior to that. 

Individual spent four years at Standard Chartered trading MENA FX, following more than 12 years at Citi. 

Promotion marks an extension of an ongoing four-year tenure at the firm, spanning trader and director positions.  

Individual held a vice president position and had been at the firm for more than five years, The TRADE understands.  

Data remains key to providing transparency in this market, yet bank appetite is increasingly important in dictating whether FX swaps are executed electronically or via voice, argue experts at TradeTech FX in Amsterdam.  

The appetite for automation in FX swaps market is ramping up, however panellists at TradeTech FX emphasise that structural challenges – such as clearing and credit constraints – still continue to shape the pace of change.