Day: September 12, 2019

FXall Sees Large Growth in Buy Side Algo Adoption

Refinitiv says that the adoption of execution algorithms by buy side traders on its FXall platform increased 41% year-over-year in the second quarter of 2019, following continued investment in the platform’s algo trading capabilities. This year, FXall introduced the ability for users to slice algo tickets into several “child” orders, giving them more flexibility to […]

AcadiaSoft Appoints Shay as Chairman

AcadiaSoft, a provider of risk and collateral management services for non-cleared derivatives, has appointed John Shay as its new board chairman. Shay succeeds Howard Edelstein, who had served on AcadiaSoft’s board of directors since the founding of the company in 2009. Shay founded and currently serves as managing partner at Capital Market Services, a clearing […]

Tassat Partners with AlgoTrader

Tassat, a technology provider for traditional and digital asset markets formerly known as trueDigital, has partnered with AlgoTrader to provide institutional clients with its automated, quantitative trading software. This will include direct access to Tassat’s cryptocurrency derivatives that the firm says will soon be available on a regulated exchange. The first derivatives product that Tassat […]

Etana Expands Liquidity Access

Etana Custody, a custody solution for fiat and digital assets that provided real-time electronic trade settlement in the digital space, is now offering users access to multiple exchanges and non-exchange liquidity providers from a single account. This news comes following the announcement from Kraken, a digital asset exchange, that its users will be able to […]

Johnson Loses Appeal Against Conviction

In what may be a significant decision for the foreign exchange industry, former HSBC head of cash FX trading Mark Johnson has lost his appeal to have his conviction and sentence overturned in the US. In their decision, justices Calabresi, Lohier and Donnelly, say: “We conclude that there was sufficient evidence to convict Johnson on […]

AL&P Hires Ridewood as Senior PM

Adrian Lee & Partners (AL&P) has hired Michael Ridewood as a senior portfolio manager. Ridewood has over 14 years’ experience in portfolio management with a focus on currency and global markets. Most recently he was the founder and managing partner at Atreaus Capital, a global macro hedge fund launched in 2012 which grew close to […]

BNP Paribas Unveil Digital Trading Assistant ALiX

BNP Paribas has formally unveiled ALiX (Alix), a digital trading assistant, as part of its upgraded Cortex Live single dealer platform – the product was first revealed in the Digital FX Awards in Profit & Loss in April. The bank says that Cortex Live responds to growing client demand for more intelligent execution methods, more transparency […]

Algos: Next Big Thing or Already There?

From a trader using their skills and multiple channels to execute client orders to a silent world of APIs and smart order routers, the execution process has changed almost beyond recognition over the past 20 years – but, as Colin Lambert finds out, not everyone sees algos as the next big thing in FX markets. […]