Day: 1 July 2020

Volume Data Indicates Decent June for Platforms

The first group of FX average daily volume data indicates that platforms has a decent end to the first half of 2020, registering their third highest numbers of 2020. FXSpotStream reports ADV of $43.3 billion in June, the platform’s third highest this year, indeed in its history. This represents volume is all FX products and […]

June US Manufacturing Moves Back to Positive

The June ISM index showed US manufacturing sector activity improved further, in line with the regional and Markit data. Survey respondents in the ISM report noted a rebound in demand has kept factories busy. The headline PMI index improved to 52.6 from 43.1 in May, above expectations for an increase to 49.1 and indicating expansion. […]

FSB Reiterates Libor Reform Path

The Financial Stability Board (FSB) has reiterated its desire to see markets transit from Ibors to risk-free rates as a critical benchmark, in spite of the Covid-19 pandemic. FSB says it has discussed the impact of the disease on benchmark transition and while its Official Sector Steering Group says it recognises that some aspects of […]

SBI Buys Minority Stake in B2C2

SBI Financial Services has bought a minority stake in digital assets trading firm B2C2 for $30 million. The firms say the investment marks the start of a strategic partnership between one of the largest institutions to have ventured into the crypto market and a veteran digital asset trading firm. SBI, owner of Japan’s first digital […]

Velocimetrics Unveils Monitoring Solution for 100 Gbps Feeds

Velocimetrics has announced what it claims is a unique, modular, software-only approach to monitoring and analytics of 100Gbps network feeds. With the service, the firm says exchanges and trading companies can now fast-track their move to 100Gbps (gigabits per second) using their existing hardware, rather than having to invest in new, dedicated and expensive servers. […]

MFP Trading Signs with TraderTools

MFP Trading has selected TraderTools technology for providing its customers a single point of access to aggregated liquidity with tailored relationship pricing. “MFP understands the relationship nature of our market,” says Yaacov Heidingsfeld president of TraderTools. “Tailored relationship pricing is the best way to ensure participants’ best execution, with liquidity priced for business they want […]