European politicians reached agreement on the core rules of MiFID II last night, but industry experts warned there is a lot of work still to be done before the legislative framework is complete.
US regulations on swap execution facilities are pushing FX trading volumes on to single-dealer platforms, according to research from consultancy Greenwich Associates.
An industry initiative launched to standardise administrative messages on electronic trading platforms is extending its coverage to FX asset classes.
European derivatives exchange Eurex is to launch futures and options FX contracts in October as the industry increasingly moves to on-exchange trading of derivatives.
FX trading solutions provider Integral Development has joined the growing list of swap execution facility applicants.
Web-based trading services provider GAIN Capital has appointed Peter Cronin as head of EMEA sales for the firm’s institutional-focused FX platform, GTX.
An equities-like market in which the buy-side can trade foreign currency with one the another is set to rise in the next three years, putting pressure on banks that currently dominate the market, a recent study has found.
Institutional investors are pressing for greater visibility on FX prices from brokers via equity-like transaction cost analysis, but still accept that the best service is based on an in-depth relationship with sell-side partners.
The Singapore Exchange is consulting the market on the potential launch of four new foreign exchange futures contracts, ahead of a prospective Q3 launch.
Interdealer broker Tradition has added two new founder members to its TraFXpure platform for spot FX trading ahead of its impending launch.