Bloomberg has reported significant volume growth on its dealer-to-client foreign exchange trading platform, FXGO, in 2025 despite the introduction of a controversial new brokerage fee scheme that liquidity providers warned would see clients migrate to cheaper alternatives. In April last year, Bloomberg began charging a new base fee rate before incentives and discounts of $2.75 […]
In the world of digital assets, speed is king. Crypto markets have long celebrated the promise of instant settlement: trades can clear in seconds and capital is theoretically liberated from the delays of legacy finance. On the surface, T+0 settlement, the ability to finalise a trade the moment it’s executed, sounds like an unqualified improvement.
Dealers say that the introduction of multilateral compression for US dollar/CNH cross-currency swaps at Hong Kong Exchanges and Clearing OTC Clear will help to relieve growing regulatory capital, margin and settlement limit pressures amid a recent boom in trading of the offshore renminbi contracts. A first run, involving five financial institutions, was conducted by HKEX OTCC
LSEG adds market risk optimisation for FX options – FX Markets Skip to main content End of drawer navigation content Tool attracts eight dealers and could be expanded to rates and equity options London Stock Exchange Group’s (LSEG) post-trade division has launched its first market risk optimisation tool, initially aimed at helping foreign exchange options
The increasing shift of foreign exchange spot market volumes into liquidity providers’ internalisation engines has made real-time visibility into the true magnitude of volumes traded in the market more and more difficult. During intense periods of high volatility, such as April’s tariff turmoil, liquidity providers noted that the flows they internally match within their client franchises
Row breaks out over cause of FX settlement fails – FX Markets Skip to main content End of drawer navigation content One European bank blames T+1 for a 50% jump in FX fails, but industry groups dispute the claims A surprising disagreement has broken out between a large European bank and industry groups tasked with
LSEG readies hard matching on forwards venue – FX Markets Skip to main content End of drawer navigation content Forwards Matching eyes Q4 start for new function that enables faster credit checks London Stock Exchange Group is preparing to offer hard credit functionality on its interbank foreign exchange venue – a move it hopes will
Integral launches on-chain crypto prime brokerage service – FX Markets Skip to main content End of drawer navigation content The model leverages stablecoins to exchange margin and settle trades on blockchain Foreign exchange trading technology provider Integral has launched an institutional cryptocurrency prime brokerage service, which will allow margin and settlement between counterparties to be
Crypto’s predictable path from central books to OTC discretion – FX Markets Skip to main content End of drawer navigation content Demand for bilateral trading, like OTC FX market structure, is fuelling crypto’s institutional take-up, finds BridgePort The maturation of any asset class follows a remarkably consistent pattern. From equities to fixed income and foreign
CME boosts FX access via new vendor partnerships – FX Markets Skip to main content End of drawer navigation content Tie-ups with Trading Technologies and Integral to bring new liquidity into EBS and Spot+ venues CME Group is establishing ties with key vendors to expand the distribution of primary market foreign exchange liquidity from EBS
Standard Chartered launches spot crypto market-making – FX Markets Skip to main content End of drawer navigation content Bitcoin and ethereum to trade off the bank’s FX desk, but questions remain on capital treatment Standard Chartered has launched a spot crypto trading business, making it the first bank to go live with a spot crypto
CEO David Mercer on what the Genius Act means for markets, and where the venue’s FX business goes next Source link
Deutsche Bank is shifting gears on its proprietary foreign exchange trading platform, offering access to certain workflow elements via third-party platforms – as clients continue to migrate towards these venues. For years, banks have tried to divert FX traffic from the multi-dealer platforms by offering value-added services. But their efforts have not slowed down the
Having a stable of high-end trading platforms can be a blessing – and a curse. And while experience and familiarity are valuable, legacy systems eventually start to creak and crawl. Around 2019, State Street realised it had a problem as it looked to build upon and expand its suite of foreign exchange and cash solutions.
When the economist and geopolitical strategist Brunello Rosa was finalising drafts of his book Smart Money last year, he noted presciently that critical events might unfold before its publication in paperback. The book, written with co-author Casey Larsen, envisages a new cold war unfolding between the US and China in which “digital de-dollarisation” plays a
FX options venue SpectrAxe has hired Robert Schultz as chief operating officer for the Americas, effective April 21. Schultz joins from Deutsche Bank where he worked for more than 12 years, most recently serving as a product manager and vice president in FX prime brokerage and algo trading. In his new role, Schultz is tasked
A new foreign exchange swaps venue that gives voice trading desks the ability to match interest with e-books run by some of the biggest dealers could mark a significant step forward in the electronification of the interdealer market, its founders say. FXswapX, a dark matching platform built by Fintech incubator FastFin Labs, utilises a technology
