Institutional investors are becoming more sophisticated in their use of electronic trading tools for FX, with almost half opting to use algorithms to execute trades in the asset class, new research has indicated
The battle for Scandinavian market share is set to intensify with a new initiative from domestic exchange operator Nasdaq OMX Nordic to attract overseas flow and the implementation of the London Stock Exchange's Millennium Exchange platform at Oslo Børs.
Expanding its Asian offerings, derivatives marketplace, the CME Group, has added deliverable renminbi futures to its products and renewed its memorandum of understanding with the Shanghai Futures Exchange. In Brazil, it has launched US dollar-denominated Ibovespa futures.
Thomson Reuters has entered an agreement to buy FXall, an electronic multi-bank FX trading platform, as electronic trading in the asset class continues to ramp up.
Market data and trading infrastructure provider MarketPrizm has launched a new trading service for FX, called PrizmFx, promising to simplify client access to trading platforms by providing a single connection for price discovery and execution.
Trading technology provider TradingScreen has partnered with Zeno Consulting Group, a trade cost analysis consultancy, to extend its FX analytics service to asset owners.
Thomson Reuters has launched a global analysis and commentary service, FX Buzz, that aims to provide real-time FX insight to market participants.
A new real-time transaction cost analysis service from trading technology provider TradingScreen aims to offer buy-side firms greater transparency over its FX executions.
Agency broker ITG has released a transaction cost analysis product for the institutional FX market that aims to improve transparency for buy-side firms.
A series of high-profile lawsuits in which asset owners and money managers have sued custodian banks over alleged overcharging is increasing the spotlight on FX execution quality. But better use of transaction cost analysis (TCA) can help buy-side firms ensure they are getting a good deal without recourse to legal action.