Day: 12 February 2020

ISDA Paper Outlines Challenges of RFR Transition

In a new research paper on the transition from LIBOR and other interbank offered rates (IBORs) to alternative risk-free rates (RFRs), ISDA discusses “one of the biggest challenges facing the financial industry”. ISDA says the shift is critical because of the issues associated with the robustness and viability of some IBORs – and LIBOR in particular […]

Euronext FX Reports Lower ADV in 2019, Higher Revenues

Euronext reports 2019 spot FX trading activity on Euronext FX (formerly FastMatch), recorded average daily volumes of $18.3 billion during the year, down 9.2% from the $20.1 billion recorded in 2018. The exchange says volume was impacted by a low volatility environment throughout 2019. Meanwhile, spot FX trading generated €22.9 million of revenue in 2019, […]

B2C2, SFOX in Crypto Liquidity Partnership

Cryptocurrency liquidity provider, B2C2, and SFOX, a cryptocurrency prime dealer for large-scale investors, today announced a partnership that promises to provide asset managers, hedge funds, family offices and high net-worth individuals with a new source of liquidity. The partnership gives SFOX clients access B2C2’s liquidity pool and streaming OTC pricing via a single point of […]

Four Firms Join CLS’ DLT Service

CLS says that Actinver, BNP Paribas, Citibank and JP Morgan are live on CLSNet, the utility’s standardised, automated bilateral payment netting calculation service for over 120 currencies operating on a distributed ledger technology (DLT) platform. This means there are now nine market participants live on CLSNet, including Bank of America, Bank of China (Hong Kong), Goldman Sachs, Intesa Sanpaolo […]

Tourmaline Adds in Sydney

Outsourced trading solution provider Tourmaline Partners, has announced the hire of Joe Hodgkins as a senior trader. He will be based at the firm’s Asia-Pacific office in Sydney. Tourmaline opened its Sydney office in January 2018, since when it says it has seen growing interest from APAC-based institutional investors that are finding value and opportunity in partnering […]