Foreign Exchange

New connectivity will offer liquidity providers the ability to stream FX liquidity on LMAX exchange venues globally with ultra-low latency.

New development comes as part of Brazilian exchange group’s aim to stimulate development within the country’s interbank market.

The TRADE sits down with Jon Weinberg, head of FX and US Treasuries at Cboe Global Markets, to discuss expectations for FX volumes in 2024, the drivers behind increased interest in NDFs and potential methods to improve transparency in FX.

The platform has experienced record growth this year, with the average daily notional value of net calculations consistently exceeding $115 billion in the last 12 months.

Danish investment bank confirmed that there has already been an uplift in engagement from its liquidity partners leading to better results.

LoopFX’s ‘peer-to-bank’ matching engine technology is set to be embedded directly into FactSet’s EMS, Portware.

The solution is aimed at interbank trading in local foreign exchange market, specifically spot matching for US dollar against the Kenyan shilling.

State Street has had a local presence in Korea for more than two decades with plans to further enhance its onshore and offshore trading offerings. 

Participants across CME Group, MillTechFX, and DIGITEC unpack the role foreign exchange derivatives and volatility will play in 2024.