Day: 23 July 2020

US Initial Claims Rise, Congress Debates Next Step

As Congress debates how to deal with the end of July deadline for the extended jobless claims program, another 1.416 million initial claims were filed in the July 18 employment survey week, up 109,000 from the level in the previous week, but down from the 1.482 million level in the June 20 employment survey week. […]

Cobalt Secures Investment from Standard Chartered

FX post-trade infrastructure provider Cobalt, has announced the expansion of its bank investors with Standard Chartered as its latest backer. Having signed as a client on Cobalt’s platform in February, Standard Chartered now joins Citi as an investor in Cobalt’s expanding network. By creating a single version of a trade and checking credit in real-time […]

And Another Thing…

I had an interesting conversation with someone this week about competition in FX markets, specifically how in May, pricing in spot markets on aggregators and multi-dealer platforms become much more competitive. In many circles this is seen as liquidity “normalising” meaning spreads inevitably come in, but I think it also shows something else – the […]