Denmark's Saxo Bank has launched a prime brokerage solution that offers institutional clients, retail brokers and prop trading firms direct access to FX liquidity providers and venues globally.
Derivatives venue and clearer the Chicago Mercantile Exchange has extended its emerging market currency offering with new Indian rupee-based FX futures contracts.
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.