Global FX Code making an impact as ‘last look’ executions diminish
New study from NEX Markets finds a reduction in hold times, reject rates and a tightening of spreads on its EBS Direct trading platform.
New study from NEX Markets finds a reduction in hold times, reject rates and a tightening of spreads on its EBS Direct trading platform.
Buy-side priorities have been historically dominated by regulatory concerns, but a survey of senior FX buy-siders carried out by Worldwide Business Research suggests that automation is now taking over. Hayley McDowell examines the benefits, challenges and progress as asset managers look to reduce the human touch on trading desks.
Cross-currency trading in JPY/THB and TBH/JPY will be provided on the Thomson Reuters central limit order book platform.
State Street makes another move into front office trading technology with acquisition of FX TCA provider BestX.
Euronext has upped its stake in FastMatch as former chief executive files lawsuit claiming he was unfairly dismissed.
FX post-trade blockchain network Cobalt has launched its service on the BT Radianz Cloud.
Average daily FX turnover in the UK hits new highs in April according to data from the Bank of England.
Foreign exchange industry veteran Harry Moumdjian will look to unify BNY Mellon’s FX sales teams globally.
FX prime brokerage expert joins State Street in a newly created role from Standard Chartered in London.
BME Clearing will be available on the NEX Markets BrokerTec FX and fixed income trading platform.