Day: July 8, 2019

TriOptima in Record Compression Run on Eurex

CME Group’s TriOptima says it has reduced notional outstanding at Eurex Clearing by 26% following a record compression run on June 26, 2019. The latest run, which equates to $3.9 trillion worth of cleared euro interest rate swaps (IRS) and forward rate agreements (FRAs), represents a 143% increase on the previous record of $1.6 trillion. […]

Primary Venues See Volume Increase from May

Three primary FX trading venues saw increased month-on-month activity in June 2019, however as was the case with other platforms that reported earlier this month, they were all down year-on-year with the exception of Refinitiv’s non-spot FX products. The total average daily volume (ADV) of FX trading in all products across Refinitiv platforms in June totalled $452 […]

Mathew to Head FX Trading at Flow Traders

Flow Traders has hired Joshua Mathew as head of FX trading, according to market sources. Profit & Loss understands that Mathew, who is due to start in the last week of September, will be based in Amsterdam. Mathew joins the Dutch electronic trading firm after 10 years at Barclays in London, where his work was […]

Spotex Unveils Configurable Liquidity Hubs

ECN and FX technology provider Spotex has unveiled new functionality that will enable brokers to configure discrete liquidity pools for clients that will run on the firm’s modular broker technology. To date Spotex says it has provided its ECN and proprietary, modular FX technology on a wholesale basis primarily to brokers and money managers and […]

And Finally…

Are we undergoing a sea change in the FX trading landscape? I suspect we are but the direction in which change is heading will be familiar to those of a certain generation. Over the past few months I have had many conversations with FX traders about market conditions and while there is a fair bit […]