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. […]
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
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
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.
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
For AI’s magic hammer, every problem becomes a nail – FX Markets End of drawer navigation content Skip to main content 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.
