Commerzbank, Deutsche Bank, JP Morgan and Morgan Stanley will sign up as early adopters of OTC FX clearing within the profit sharing scheme.
Industry buzz around machine learning and AI must be set aside in favour of transparency and interpretability according to TradeTech FX speakers.
TradeTech FX Europe panellists highlight escalating trade war between the US and China as biggest risk for global FX markets.
Speakers at this year’s TradeTech FX conference in Barcelona pour cold water on order routing automation.
German exchange group continues FX growth with new market data service from 360T.
New study from NEX Markets finds a reduction in hold times, reject rates and a tightening of spreads on its EBS Direct trading platform.
FX post-trade blockchain network Cobalt has launched its service on the BT Radianz Cloud.
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.
Survey by WBR ahead of TradeTech FX conference finds automation is the biggest priority for buy-side FX trading desks.
Investment from SGX will further technology development of Cobalt post-trade processing network for FX.