BestX and Tradefeedr, the two main third-party transaction cost analysis (TCA) providers, have launched tools that enable buy-side firms to standardise and automate counterparty selection for cash foreign exchange trades, ahead of request-for-quote or algorithmic execution. The launches are part of a wider push by asset managers to integrate TCA into their trading workflows to […]
Dealers bullish on Bloomberg chat interface for FX markets – FX Markets End of drawer navigation content Skip to main content Service expanded its API offering to integrate broker chats into banks’ engines for cash FX pricing late last year Bank trading desks are optimistic that initiatives by Bloomberg to open its chat application programming
The move to one-day settlement for US equities, known as T+1, may be contributing to record liquidity shortfalls at the National Securities Clearing Corporation (NSCC), which clears all US-listed stock trades. NSCC, a subsidiary of the Depository Trust & Clearing Corporation (DTCC), reported a liquidity shortfall of $7.1 billion in the fourth quarter of 2024,
New CME venue aims to provide easier access to FX futures liquidity, but some worry about its stability in choppy markets Source link
A growing number of market-makers and traders say price discovery for several key G10 currencies has already shifted to CME’s foreign exchange futures markets and away from primary venues for certain pairs. In particular, some senior figures say futures contracts have become the primary pricing reference point for the Commonwealth currencies – Australian dollar, Canadian
A group of multilateral development banks are planning to collaborate on identifying and creating foreign exchange hedging tools to help fund projects in emerging market nations. The 10-strong group, which includes the World Bank, Inter-American Development Bank (IDB), and European Bank for Reconstruction and Development (EBRD), outlined plans in December to boost private capital investment
LCH expects to boost deliverable FX clearing with new adds – FX Markets End of drawer navigation content Skip to main content Onboarding of dealers and link-up with CLS could swell interbank deliverable FX clearing volumes LCH ForexClear is entering the next phase of its deliverable interbank foreign exchange forwards clearing service. As some of
Every day, thousands of bilateral trades in cash and derivative instruments are arranged via Bloomberg instant messages on the tech firm’s ubiquitous terminals, with parties sending out requests for quotes (RFQs), haggling over prices, and exchanging market colour. However, the process is often cumbersome, requiring salespeople to manually cut and paste information between chat windows.
