Jefferies FX prime brokerage venture adds clearing members
The TrueFX clearing member network allows the buy-side to access liquidity from market makers without an intermediary.
Foreign Exchange
BidFX unveils upgraded mobile trading app for institutional clients
Latest version of the trading app from BidFX will give the buy-side 24/7 access to trade forex markets.
Sucden Financial latest to join Cobalt post-trade FX network
Cobalt brings in Sucden Financial, following other major institutions like Citi, Deutsche Bank, XTX Markets and Saxo Bank.
ION Group takes stake in Broadway Technology
Fixed income and foreign exchange trading technology provider Broadway has gained investment from ION Group.
Buy-side calls on brokers to reveal more on why FX trades fail
The Investment Association has proposed a more standardised format for FX trade rejections, as brokers currently have no consistent way to communicate this with the buy-side.
Citi automates post-trade processing with shared ledger technology
Shared ledger technology provider Cobalt gained a strategic investment from early supporter Citi in 2016.
Buy-side heavyweights continue to snub FX Global Code of Conduct
Vanguard, Allianz Global Investors and AXA Investment Managers among the large buy-side firms still not committed to the FX Global Code of Conduct.
SMBC builds next generation e-FX and algo platform with Kx
SMBC is already live with phase one of the project and allegedly seeing tighter spreads and higher fill rates from the platform.
Traders see scarce FICC liquidity as biggest daily challenge in 2020
The latest e-trading survey from JP Morgan reveals that liquidity availability is considered the most challenging daily issue for traders this year.
JP Morgan FX options global head departs for senior role at Digital Vega
Rob Wemyss spent 25 years with JP Morgan, and will now head up business development for FX options trading platform Digital Vega.