Month: June 2013

LSE to Launch IRS Platform

The London Stock Exchange Group is preparing to launch an interest rate swaps (IRS) trading platform, with support from a group of banks, according to a Reuters report. The new platform – MTS Europe – has garnered support from the banks in a move to meet regulators’ demands for greater transparency in the derivatives markets. […]

TMX Atrium Upgrades Knight Hotspot FX Connectivity

Financial infrastructure services provider, TMX Atrium, has upgraded its connectivity to Knight Hotspot FX. The firms’ have worked together since 2010; TMX has provided low latency connectivity to the foreign exchange electronic communication network (ECN). Connectivity to Hotspot is from TMX’s hub, New York 4 and allows Hotspot participants to communicate and trade with TMX’s […]

FOA and FIA to Combine Operations

The Futures and Options Association (FOA) and the Futures Industry Association (FIA) have signed an agreement to combine the organisations under a global structure and brand, FIA Global. The agreement will see FIA, and its affiliate, FIA Asia, form a confederation with the FOA under FIA Global. The new structure will enable the bodies to […]

FastMatch Launches Matching Service in Equinix LD4

Foreign exchange electronic communication network (ECN), FastMatch, and interconnection and data centre firm, Equinix, have launched a new ECN matching engine in Equinix’s London Slough International Business Exchange (IBX) data centre campus. FastMatch already operates its FX spot and metals ECN matching engine from the Equinix NY4 data centre in New York. The matching engine […]

Bloomberg Launches Investor Relations Service

Bloomberg has launched a new suite of tools and analytics on its Bloomberg Professional service to help investor relations professionals to better manage their daily workflow and gain insight into the marketplace. The new offering centralises and contextualises the critical information, news, research and analytics required to monitor the markets, manage analyst and existing investor […]

Traiana Launches Connectivity for FX NDF Clearing

Post-trade services provider, Traiana, is launching direct connectivity between Traiana’s Harmony CCP Connect and clearinghouse, LCH.Clearnet’s foreign exchange clearing service, ForexClear, for clearing non-deliverable-forwards (NDFs). The Harmony CCP Connect offering provides a workflow tool over the Harmony network for interdealer and client clearing, such as CCP connectivity, trade reporting, affirmation, matching, allocation, and reporting for […]

CLS Group to Retire NDFs

CLS Group is set to retire its non-deliverable-forwards (NDF) platform before the end of the year ahead of regulatory changes. The firm predicts a significant decreased in NDF volumes due to the introduction of impending regulations, which will include mandatory clearing of NDFs, and has therefore decided to withdraw the tool. The NDF offering is […]

And Another Thing…

I was speaking to a senior member of the FX industry this week about the major challenges facing the market, and in spite of the current negative headlines out of Singapore and London regarding fixings, we agreed the biggest issue was an age-old problem. As the Monetary Authority of Singapore pointed out in its release, […]

Kendrick Departs Nomura

Geoff Kendrick has left his role as head of European FX strategy at Nomura in London. Kendrick joined the bank in 2010 from UBS where he was head of London FX strategy for two years. Before this he was at Westpac for five years, latterly as a senior currency strategist. Prior to this he served […]

Thomson Reuters Named Calculating Agent for Methodology Benchmarks

Thomson Reuters has been selected as the calculation agent to compile and publish new methodology benchmarks for a number of FX currency pairs by the Association of Banks in Singapore (ABS). The selection of Thomson Reuters demonstrates a shift away from more traditional, survey-based benchmarks which take quotes from a panel of banks, to a […]