HSBC settles $250 billion of FX trades on blockchain platform
DLT is becoming more accepted by banks and financial institutions that are in the process of developing use cases and rolling out the technology.
Tag: FX
Northern Trust buys FX algo trading platform
Northern Trust has agreed to acquire Chicago-based FX algo trading platform and global liquidity aggregator provider, BEx.
Goldman Sachs and Morgan Stanley go live with CLS blockchain service
CLSNet operates on a distributed ledger technology platform for automated bilateral payment netting of FX trades.
Eurex targets OTC FX and repo clearing with expansion of partnership profit scheme
Commerzbank, Deutsche Bank, JP Morgan and Morgan Stanley will sign up as early adopters of OTC FX clearing within the profit sharing scheme.
Foreign Exchange
Ignore the hype and focus on machine learning objectives, say buy-side tech experts
Industry buzz around machine learning and AI must be set aside in favour of transparency and interpretability according to TradeTech FX speakers.
Trump, China and Brexit top list of geopolitical concerns for FX markets
TradeTech FX Europe panellists highlight escalating trade war between the US and China as biggest risk for global FX markets.
Foreign exchange players remain unconvinced by algo wheels for accessing best possible liquidity
Speakers at this year’s TradeTech FX conference in Barcelona pour cold water on order routing automation.
Deutsche Boerse and 360T launch new FX market data service
German exchange group continues FX growth with new market data service from 360T.
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.
Blockchain tech provider Cobalt launches post-trade FX service with BT
FX post-trade blockchain network Cobalt has launched its service on the BT Radianz Cloud.