ICAP’s FX electronic spot trading business, EBS, has hired Paul Allmark as global head of e-commerce solutions, reporting directly to EBS CEO Gil Mandelzis.
Exchange operator and technology provider Nasdaq OMX has extended its SMARTS surveillance solutions suite to the foreign exchange market.
Efforts by the Financial Conduct Authority to reform how institutional investors pay for research and execution services have been praised following last week’s policy statement by the UK regulator.
The European Parliament passed updated rules for the Markets in Financial Instruments Directive, dubbed MiFID II, last night.
Thomson Reuters has proposed an update to its matching rule book, setting higher industry standards in FX trading.
Citi and JP Morgan have joined ParFX, the wholesale spot FX electronic trading platform launched in April 2013 by inter-dealer broker Tradition.
Buy-side firms are increasing their use of transaction cost analysis in the FX market to improve alpha generation, according to a report from consultancy Aite Group.
European politicians reached agreement on the core rules of MiFID II last night, but industry experts warned there is a lot of work still to be done before the legislative framework is complete.
US regulations on swap execution facilities are pushing FX trading volumes on to single-dealer platforms, according to research from consultancy Greenwich Associates.
An industry initiative launched to standardise administrative messages on electronic trading platforms is extending its coverage to FX asset classes.