Cobalt has added five professionals to its team, including the former director of FX trading at UBS.
CME said the launch marks the first time the FX market will be able to stream trade-by-trade data to analyse impact of trades.
CLS says that asset managers are more focused on mitigating settlement risk as it sees uptake in clients using its CLSSettlement service.
Citi joins UBS in setting up its eFX trading hub in Singapore with support from the Monetary Authority in Singapore.
Euronext has joined the QuantHouse API ecosystem which is used by more 300 buy-side firms and investment banks.
The introduction of Japanese funds onto the FX settlement service follows a multi-year effort to onboard the Japanese buy-side community to CLSSettlement.
Market participants agree that trust is a key aspect for firms looking to work with technology providers on their execution processes.
Speakers from Fidelity Investments and Manulife Asset Management offered opposing views on the role of pre-trade analytics in FX trading at TradeTech FX USA.
Speakers at TradeTech FX USA told delegates that traders would be empowered if ‘in-flight’ TCA could flag when trades aren’t going as planned.
Buy-side panellists highlight importance of working with forward-looking technology vendors and warn those that do not take a pro-active approach.