Day: 5 March 2020

StanChart Invests in 24 Exchange, Takes Board Seat

24 Exchange has received a strategic investment from Standard Chartered, related to which, the bank’s global head of FX trading, Geoff Kot, will join 24 Exchange’s board of directors. The trading venue, which launched in late 2019, offers a central prime broker clearing model with Standard Chartered as the central clearer for the trading of NDFs. It plans […]

Bullard: Don’t Assume FOMC Will Cut Again

St Louis Federal Reserve Bank president James Bullard Wednesday cautioned markets not to assume that the Fed’s policymaking Federal Open Market Committee will cut interest rates again at its March 17-18 meeting. Bullard did not rule out another cut in the federal funds rate on March 18 in a telephone conference with reporters, but doubted […]

FXCM, FlexTrade Start Onboarding

FXCM Pro says it is beginning the process of onboarding clients with FlexTrade System’s MaxxTrader solution across the LD4 hosting centre. This announcement follows news in late 2019 detailing the initial launch of the partnership between the two firms. MaxxTrader is an end-to-end, dedicated and customisable solution covering all products including FX spot, swaps, NDFs, CFDs, […]

AccessFintech and Cappitech Expand Partnership

AccessFintech and Cappitech have announced they will collaborate to deliver greater governance and risk controls for market participants by providing their combined solution to clients across the financial ecosystem. The new collaboration is an extension of the firms’ existing partnership announced in late 2017 to deliver MiFID II solutions to the market. The enhanced services […]

LCH SwapAgent Hits $1 Trillion Notional

LCH says that its SwapAgent service, which acts as an independent calculation agent, by calculating and enabling market participants to exchange bilateral margin and settlement payments without the need for a central counterparty, has now surpassed the $1 trillion mark in notional registered. The service, which was launched in 2017, says the total number of […]

Avelacom Deploys New PoP in Virginia

Connectivity and IT infrastructure provider Avelacom has deployed a new point-of-presence (PoP) in Ashburn, Virginia, with direct connectivity to Amazon AWS US – East–1 region. Its AWS Ashburn to AWS Dublin, one of the most popular routes for cryptocurrency arbitrage, is now the fastest line available in the market at a guaranteed 65.3ms round-trip latency. The new […]

White House Watch: Another Day of Unknowables

Facing weeks, months, a year or more of worsening virus news until a vaccine is ready, US officials told their White House audience of reporters Wednesday that, “Sadly, we received word today another American passed away.” Actually there were two more fatalities, California’s first and Washington State’s tenth. The daily virus briefing also included some […]

Building Institutional Adoption of Crypto

Sponsored content Cryptocurrency performance continues to attract attention from institutions such as banks, hedge funds, asset managers and family offices. In fact, dedicated cryptocurrency funds returned more than 16 per cent in 2019, according to a survey from Eurekahedge, which contrasts with a traditional hedge fund strategy yield of 10.4 per cent, according to Hedge […]

Eventus Hires Two

One month after completed a $10.5 million Series A funding round, trade surveillance and market risk software provider Eventus Systems has unveiled two hires to its Chicago office with Eric Einfalt and David Mitchell joining the firm. Einfalt has been named chief strategy officer and will report to Travis Schwab, CEO of Eventus. He was […]