Refinitiv adds TCA to FXall electronic trading platform
FXall has added Trade Performance Analytics for assessing historical trade data to help meet best execution requirements.
Foreign Exchange
Northern Trust appoints local markets head for global FX business
Paul Fyda joins Northern Trust Global Foreign Exchange in New York, and will work with the firm’s currency trading desks globally.
Standard Chartered fined $40 million after rogue traders rigged FX transactions
FX traders at Standard Chartered were found to have used chatrooms to manipulate and coordinate trading activity.
IHS Markit invests in blockchain firm Cobalt
Cobalt and IHS Markit have teamed up to produce post-trade services for FX using blockchain technology.
Citi and Eaton Vance clear first FX cash-settled forwards with CME Group
CME Group offers clearing for 26 currency pairs of FX cash-settled forwards and 11 pairs of non-deliverable forwards.
HKEX chooses Traiana for central clearing connectivity of FX deliverables
Market participants can access HKEX’s OTC Clear service for FX forward and swaps via Traiana’s CCP Connect.
LMAX Exchange targets growth in Asia with senior sales appointments
FX trading firm LMAX Exchange has made two appointments to its sales team in Asia Pacific as it targets growth in the region.
HSBC settles $250 billion of FX trades on blockchain platform
DLT is becoming more accepted by banks and financial institutions that are in the process of developing use cases and rolling out the technology.
Eurex adds Flow Traders as FX derivatives liquidity provider
Flow Traders will provide liquidity for the Eurex FX futures and rolling spot FX futures products.
Buy-side evades FX Global Code of Conduct labelling it ‘regulation in disguise’
The Bank of England’s Andrew Hauser says that buy-side concerns with compliance remain an issue, with just 11 of the 30 largest buy-side firms agreeing to adoption.