Blockchain firm Cobalt bolsters FX expertise with string of new hires
Cobalt has added five professionals to its team, including the former director of FX trading at UBS.
Foreign Exchange
CME adds FX data streaming to EBS Quant Analytics platform
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.
Buy-side drives growth in CLS FX settlement
CLS says that asset managers are more focused on mitigating settlement risk as it sees uptake in clients using its CLSSettlement service.
Citi outlines plans to launch its electronic currency trading platform in Singapore
Citi joins UBS in setting up its eFX trading hub in Singapore with support from the Monetary Authority in Singapore.
QuantHouse adds Euronext FastMatch FX tape to API ecosystem
Euronext has joined the QuantHouse API ecosystem which is used by more 300 buy-side firms and investment banks.
Nomura to provide Japanese funds access to CLSSettlement
The introduction of Japanese funds onto the FX settlement service follows a multi-year effort to onboard the Japanese buy-side community to CLSSettlement.
Outsourcing crucial as industry shifts from best execution to smart execution
Market participants agree that trust is a key aspect for firms looking to work with technology providers on their execution processes.
Buy-side panellists divided on importance of pre-trade analytics for FX risk mitigation
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.
Trading firms seek ‘in-flight’ TCA to flag potentially bad FX trades
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 looking for flexibility as top technology requirement from vendors
Buy-side panellists highlight importance of working with forward-looking technology vendors and warn those that do not take a pro-active approach.