NatWest joins FX novation platform Capitolis amid record volumes
Capitolis has seen record transaction volumes of $417 billion in the second quarter of 2020 on its FX options novations platform.
Foreign Exchange
Goldman Sachs offers client clearing via LCH ForexClear
Investment bank Goldman Sachs will provide client clearing through LCH ForexClear’s FCM and international clearing broker model.
Barclays launches NDF algorithms for BARX trading platform
The non-deliverable forward algorithms (NDFs) will be the latest addition made by Barclays to the cross-asset electronic FX trading platform, the BARX Gator algorithm suite.
Working on the weekend
David Mercer, CEO of LMAX Group, tells Kiays Khalil that the launch of LMAX’s new weekend currency trading service could lead to 24/7 spot trading within the next five years.
UK average daily FX volumes down in April from highs last year
Results from the latest Bank of England survey revealed that UK FX daily turnover in April 2020 has shrunk 16% since October 2019 to $2.4 trillion.
Virtu Financial rolls out TCA for FX algorithmic trading
The latest expansion of Virtu Financial’s analytics platform will see dedicated TCA for FX algo trading.
Sucden Financial launches FX matching engine for clients in Asia
The TY3 matching engine was developed in partnership with FlexTrade to provide reduced cross-region latency for clients.
TORA launches FX auto-hedging tool for equity pairs trading
TORA has launched its new FX auto-hedging function aimed at providing one automated solution for all equity pairs trading.
Barclays onboarded as liquidity provider for FXSpotStream
Barclays is the latest bank liquidity provider to be onboarded to the streaming service for FX spot and derivatives from FXSpotStream.
Standard Chartered becomes latest player to invest in Cobalt
After recently signing up to Cobalt’s FX post-trade platform, Standard Chartered has now made an investment in the technology provider.