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.
Paul Fyda joins Northern Trust Global Foreign Exchange in New York, and will work with the firm’s currency trading desks globally.
FX traders at Standard Chartered were found to have used chatrooms to manipulate and coordinate trading activity.
Cobalt and IHS Markit have teamed up to produce post-trade services for FX using blockchain technology.
CME Group offers clearing for 26 currency pairs of FX cash-settled forwards and 11 pairs of non-deliverable forwards.
Market participants can access HKEX’s OTC Clear service for FX forward and swaps via Traiana’s CCP Connect.
FX trading firm LMAX Exchange has made two appointments to its sales team in Asia Pacific as it targets growth in the region.
DLT is becoming more accepted by banks and financial institutions that are in the process of developing use cases and rolling out the technology.
Flow Traders will provide liquidity for the Eurex FX futures and rolling spot FX futures products.
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.
UBS will act as intermediary for smaller firms with limited bilateral credit and relationships on Cboe FX.