CobaltFX launches alternative FX messaging service to combat post-trade pain points
New offering will provide alternative choices for post-trade FX messaging in the event of cyberattacks and other forms of failure in the FX market.
New offering will provide alternative choices for post-trade FX messaging in the event of cyberattacks and other forms of failure in the FX market.
Connection set to help GLMX establish itself as the nexus of deep liquidity pools for its growing European buy- and sell-side network.
Improving data quality and standards throughout the lifecycle are critical in establishing solutions to settlement inefficiencies in Europe, says new report from the Association for Financial Markets in Europe (AFME) and Deloitte.
The move comes as part of Marex’s strategy to expand its global client offering in the Asia Pacific region; follows the Australian Securities Exchange adding Marex as a futures clearing and trading participant earlier this month.
The TRADE sits down with Linda Gibson, head of regulatory change, EMEA, at BNY Mellon Pershing, to discuss the impact of varying settlement times for institutions, the changes needing to be made to communication channels, human behaviour and technology, and how knowledge from the previous shift to T+2 can be leveraged in this next transition.
In addition, DTCC is set to be connected to State Street’s systems.
Views come as UK expected to reveal shorter timeframe for T+1 switch than European counterparts.
With fail rates high due to market volatility and penalties pouring in through CSDR, experts are recommending Europe addresses current inefficiencies, or risk complicating matters though a rushed move to T+1.
Emerging markets expert Mark Mobius, founder of Mobius Capital Partners, sat down with The TRADE to discuss the ever-evolving EM space, delving into who the global contenders are, the importance of embracing new technologies, and what he believes makes for an optimal trading strategy.
Through the addition, the Australian market will open up and add competition, filling the void left by major banks departing, says Marex.