LCH and CLS partner for FX clearing
LCH and CLS collaborate on launch of deliverable FX options clearing to reduce counterparty and settlement risk.
Foreign Exchange
SGX lays out plans for new FX futures products
SGX FlexC FX Futures allows customers to trade FX futures in OTC fashion which can be cleared on SGX’s platform.
Asset managers go live with CLS for post-trade monitoring and reporting
Mesirow Financial and Mountain Pacific Advisors have both signed up to the CLSTradeMonitor service for FX transactions.
BNY Mellon rolls out FX options products
BNY Mellon continues its push in foreign exchange with launch of FX options products in the US.
Deutsche Bank fined $205 million for multiple FX violations
FX traders at Deutsche Bank were found to have used online chat rooms to coordinate trading activity and manipulate currency prices.
Fixing foreign exchange: Addressing legacy technology
The battle with legacy technology systems is ongoing concern for many banking institutions, but arguably no more so than foreign exchange. With an explosion of market data and increasing market fragmentation, technology strategies at large FX institutions have never been more important for staying ahead of the game.
FX buy-siders look to reduce human touch on trading desks
Survey by WBR ahead of TradeTech FX conference finds automation is the biggest priority for buy-side FX trading desks.
CLS makes R3 blockchain investment
FX settlement firm CLS has invested $5 million in blockchain consortium R3.
Deutsche Börse expands 360T business with $100m acquisition of FX venue
Deutsche Börse will combine GTX ECN with 360T FX trading platform to form new 360TGTX business.
NEX Markets adds Bloomberg FX benchmark to matching service
The BFIX benchmarks have been added to NEX Markets eFIX Matching service.