Tag: Tech and data

  • Adoption of standard FX reject code too slow – Schroders trader

    Adoption of standard FX reject code too slow – Schroders trader


    Dealers have been too slow to adopt standardised codes for rejected foreign exchange trades, according to a senior buy-side trader, who also called on trading venues to help accelerate industry take-up.

    Last year, the FIX Trading Committee published a set of recommended practices on scenarios for rejected trades and adopted the Investment Association’s proposal of a standardised set of reject codes within its FIX Protocol – the main messaging language used by FX dealers.

    “There’s appetite in the

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  • Mastering the millisecond market – FX Markets

    Mastering the millisecond market – FX Markets


    Banks, the buy side and brokers are increasingly adopting automation from the beginning to the end of trading workflows, to optimise execution speed and efficiency. This evolution has been particularly evident in foreign exchange trading, where algorithmic decision-making has become more prevalent across desks, driven by the need to respond instantly to market data shifts.

    Foreign exchange trading workflows, in particular, have seen rapid adoption of algorithm-driven decision-making across desks

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  • Citi rolls out revamped SDP in emerging markets

    Citi rolls out revamped SDP in emerging markets


    Citi is deploying its new-look single-dealer platform (SDP) to emerging markets in a bid to offer better and faster electronic onshore pricing to users through a single gateway.

    Following the relaunch of Velocity 3.0 in 2023, the US bank has focused on consolidating its various electronic foreign exchange pricing platforms – including CitiFX Pulse, its execution and treasury management platform for corporate clients – into a single application programming interface (API).

    “A key deliverable for us

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  • For AI’s magic hammer, every problem becomes a nail

    For AI’s magic hammer, every problem becomes a nail
















































    For AI’s magic hammer, every problem becomes a nail – FX Markets



    Risk.net survey finds banks embracing a twin-track approach to AI in the front office: productivity tools today; transformation tomorrow


    Hammers are great at knocking in nails. It’s the job for which they were made. Bankers don’t need to tackle that job very often – professionally, at least – so banks don’t issue hammers en masse to the workforce.

    Artificial intelligence, on the other hand, is great at a whole slew of things. Banks have responded by giving staff access to it by way of general-purpose assistants and co-pilots. But when you have an all-purpose tool, where do you start? What should you use it for? Everything?

    Last

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