Day: April 12, 2019

CLS Volumes Tick Up in March

The average daily volume (ADV) of FX trades submitted to CLS was $1.86 trillion last month, up 8% compared to February but largely flat compared to March 2018. The ADV of spot trades submitted to CLS was $439 billion, up 9.2% month-on-month and but down 8.5% year-on-year. The ADV of swaps was $1.31 trillion, up […]

Mesirow Adds to Currency Management Team

Mesirow Financial has added two to its staff roster in its currency management unit with the hires of Aaron Wham and Mike Emambakhsh As a senior vice president, senior portfolio manager, Wham will help launch Mesirow’s new Seattle office where he will focus on implementing the team’s investment strategy and portfolio management functions. He joins […]

Coalface Capital Chooses NCFX for Pricing

Coalface Capital, a fintech firm focused on using artificial intelligence (AI) technology in the investment management sector, has selected New Change FX (NCFX) as the pricing provider for its automated trading system. NCFX provides live mid-rates across 2,500 spot pairs and 8,500 different forward tenors. “We conducted a review of possible providers of “true-mid” pricing […]

FlexTrade Partners with OpenFin

FlexTrade has announced a partnership with OpenFin that provides application interoperability and improves workflow management for buy-side traders using FlexTrade’s execution management system, FlexTrader, and its cloud-based trading system, FlexNow. The firms say that technology updates across trader desktops can prove time and cost intensive as a result of the multitude of independent desktop applications used throughout […]