Month: May 2019

In the FICC of it

The first thing to note is that the In the FICC of it podcast now available in the iTunes Store, so it will be even easier for you to get your weekly fix of our editors, Colin Lambert and Galen Stops, ranting and rambling about all the latest and greatest news in the FX industry each week! […]

Five on Friday: What Happened in Markets This Week

Lizzy Birmingham provides a brief roundup of the major FX moves this week, and the drivers behind each. 1) Pound Temporarily Bounces Back after May’s Resignation Today, British Prime Minister (PM) Theresa May announced her resignation, set for Friday, June 7. May’s announcement comes after three failed attempts to pass a Brexit deal, confirming mass-speculation […]

Not So Fast: A Look at Eurex’s New Latency Mechanism

Galen Stops takes a closer look at the new latency mechanism being introduced to FX and certain equity options products by Eurex, in a bid to improve the order book. Speed bumps seem to be the topic de jour in the listed derivatives markets just now, with the Intercontinental Exchange (ICE) winning approval to implement […]

Carmi Joins BitGo

BitGo, which provides custody services for digital assets, has hired Nick Carmi as head of financial services, based in New York. Carmi joins from Tower Research Capital (Tower), where he was global head of the FICC business. He will report to BitGo CEO, Mike Belshe. “Nick brings the right type of experience for BitGo to […]

Avelacom Partners with Seed CX

Avelacom, a provider of connectivity and IT infrastructure, is now offering access to Seed CX’s real–time market data and order-routing solutions. Through its subsidiaries, Seed CX offers a licensed exchange for institutional trading and settlement of spot digital asset products, and plans to offer a market for CFTC-regulated digital asset derivatives. “We began working in […]

CLS Adds Four to Board

CLS appointed four new directors to its Board of Directors at its annual general meeting (AGM) on May 7. The new additions to the board are: Vidya Bittianda, general manager for risk analytics and insight at Westpac; Sheryl Kennedy, who until December 2018 was the CEO of Promontory Financial Group Canada; Edward Sterba, senior executive […]

Refinitiv to Acquire Cloud-Based OMS Provider

Refinitiv is set to acquire AlphaDesk, a cloud-based order management system (OMS) that offers order and portfolio management, risk and compliance solutions for buy side clients. Refinitiv currently offers pre-trade data and analytics via its flagship financial platform Eikon, which is integrated with its execution management system (EMS) trading capabilities from REDI. AlphaDesk will add […]

CME Brokertec Unveils Repo Solution

CME Brokertec has announced the launch of BrokerTec Quote, a new dealer-to-client RFQ  trading solution for the European Repo market. Launching in the second quarter of 2019 (subject to regulatory approval), BrokerTec Quote will provide market participants trading European Repo with a new, enhanced RFQ capability, providing what the firm says will be “a more […]

And Another Thing…

I may, not for the first time, be reading too much into a brief sentence, but I found it significant in my conversation with Simon Potter, outgoing chair of the Global FX Committee, that when talking about the review of the Code he mentioned “the handling of larger orders” as one area of possible review. […]

The FX Global Code – Has it Made a Difference?

The FX Global Code of Conduct remains one of the biggest initiatives in the foreign exchange industry for many years, wide a wide spectrum of different market participants around the world participating in the creation of the principles contained within it. But given that the Code was introduced to address a specific issue – evidence […]