Day: 1 July 2016

Q&A with Lynn Martin, President and COO, ICE Data Services

Profit & Loss: ICE has made significant investments in its market data business in recent years, with the purchase of SuperDerivatives and Interactive Data. Why is ICE investing so heavily in market data services and how do these acquisitions fit in to the exchange’s overall growth strategy? Lynn Martin: We see customers requiring more data […]

Brexit Vote Boosts FXSpotStream Volumes to Record High

FXSpotStream (FSS) is the latest multibank FX platform to report record trading volumes following the spike in activity caused by the UK’s referendum decision to exit the European Union. In June, FSS recorded a new all-time service record for volume supported in any one month of $456 billion. The prior overall record was $441 billion […]

Asian Corporates Cite FX as Biggest Financial Risk Concern

Asian corporates and CFOs cited FX risk as the financial risk that they are most concerned about, according to a new survey from Thomson Reuters and Asset Benchmark Research. In the report accompanying the research results, it notes that as basic management processes are increasingly automated, corporate treasurers and CFOs have become more focused on […]

CTA Performance Solid Following UK Referendum Result

Societe Generale Prime Services’ CTA Indices show positive performance for commodity trading advisors in the two full days of trading after the UK referendum results – Friday 24 June and Monday 27 June.  In the immediate aftermath of the result on Friday, when falling markets were causing concern for many investors, 90% of the programs […]

Wells Joins Digital Asset

Gavin Wells is the new Head of Europe of software company, Digital Asset Holdings, the company confirms. Wells had previously been at LCH Clearnet (LCH), where he was global head of ForexClear. Wells joined LCH in 2008 and led the team that designed and implemented the ForexClear service, which was launched in March 2012. He […]

Barclays FX Trader Heads to Employment Tribunal

Former Barclays FX trader Chris Ashton is to appear at a hearing at the East London employment tribunal on July 13 against the bank, which he is suing for unfair dismissal, confirms his lawyer Sara George. Ashton is suing Barclays for unfair dismissal after he was suspended on allegations of foreign exchange manipulation. Contacted by […]

FastMatch Hits New High as First Platforms Volumes Released

The first three platforms to confirm data for June show that FX volumes rose across the board driven, of course, by activity around the UK’s vote on European Union membership. FastMatch recorded average daily volume (ADV) of $16.1 billion in June, its highest yet, 29.4% above its previous high of $12.6 billion set in October […]