Beatrice Bedeschi

CLS Volumes Ease in July

The average daily input volume of instructions submitted to CLS, combining the settlement and aggregation services, fell 9.7% month on month in July, standing at 1,050,046. However, year on year volumes were less changed, decreasing by just over 1.7%. Meanwhile, the average daily input value submitted to CLS in July 2016 was $4.69 trillion, falling […]

OTC Clear Claims First in USD/CNH Swaps Clearing

OTC Clearing Hong Kong (OTC Clear) has launched a clearing service for cross-currency swaps (CCS), which will initially focus on swaps in the USD/CNH currency pair. OTC Clear is the first international clearing house to provide clearing for USD/CNH CCS, the company claims in a statement. The firm provides a Payment versus Payment – or […]

Redline Trading Solutions Adds BSE to Its Data Offering

The Bombay Stock Exchange (BSE) is now supported by Redline Trading Solutions’ market data and order execution gateway solutions. This enables firms trading on this exchange to receive and act upon real-time price and order book information “faster than ever before”, the company says in a statement. Redline’s support for BSE includes their equity, equity […]

R3 Completes FX-Focused Distributed Ledger Prototype

R3 and 15 member banks of its consortium have completed two distributed ledger prototypes that it claims prove the usefulness of the technology in addressing USD FX trading issues. The banks designed and utilised self-executing transaction agreements – so-called smart contracts -on R3’s Corda distributed ledger platform to process accounts receivable (AR) purchase transactions, also […]

Tullett Prebon, GMEX Group to Develop Hybrid FX Options Platform

Tullett Prebon has partnered with technology provider GMEX Group to develop a hybrid voice and electronic trading platform for FX options. The new trading solution will enhance Tullett Prebon’s offering to its clients, integrating GMEX’s request for quote (RFQ) technology with Tullett Prebon’s existing central limit order book (CLOB) capability, the companies say in a […]

TriOptima Claims First in Latam Currency Compression

TriOptima announces that 11 CME Group IRS clearing members eliminated 12.5 trillion MXN ($664 billion) notional outstanding in the first triReduce multilateral compression cycle for cleared Mexican peso (MXN) interest rate swaps (IRS).   Over 35% of the cleared MXN notional principal outstanding in CME was eliminated in this cycle, the first ever compression in a […]

Former Barclays’ CEO Links Up with Currencies Direct

?Former Barclays’ CEO Antony Jenkins has joined non-bank FX and international payment services provider Currencies Direct as non-executive chairman. He is going to focus on advancing Currencies Direct’s digital offering and expanding its international footprint, the company says. “Currencies Direct plans to boost its share of the growing £380 billion currency market for retail and […]

Enso Financial Analytics, EBS Treasury Launch Partnership

Hedge funds portfolio finance and treasury solutions provider Enso Financial Analytics and money market fund platform EBS Treasury have partnered to provide Enso cash and collateral movement workflows. “By connecting the two platforms, Enso clients will be able to make money market sweeps and cash movements through EBS Treasury and further optimise counterparty relationships,” the two […]

Traiana Expands FX Product Team

Basu Choudhury joins Traiana as FX product lead, according to the firm. Choudhury, who will be based in London, will “extend Traiana’s FX service capabilities for both the buy and sell sides,” the company says. Prior to this role, he was head of product for LCH.Clearnet’s ForexClear service. He had resigned from the position in […]

EBS Volumes up 1% YoY in July, but Fall 15% MoM

ICAP’s EBS average daily volumes (ADV) were up 1% year on year in July, standing at $83 billion. Nevertheless, volumes saw a sharp drop on a month on month basis in July, being down by 15% compared to June, ICAP reports. The movement is partly explained by the strong rise in volumes seen in June […]