Citi Top as Greenwich Sees Sell Side Investments Paying Off

Fixed-income dealers’ response to long-term challenges facing the industry could be working to the advantage of global investors, according to Greenwich Associates’ research. The firm says that as most banks around the globe face pressure to increase profitability, they are increasingly competing among a small set of dealers, new liquidity providers and, to some extent, […]
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Cloud9 Appoints COO

Cloud9 Technologies has appointed Jim Miller as chief operating officer (COO). In this role, he will guide product realisation and rollout, as well as assist in defining business and market strategies across the organisation, including the company’s efforts to facilitate the integration of voice data and activity into the trader workflow. Miller joined the firm […]
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Primary Venue FX Volumes Remain Lower YoY

While activity on the primary FX venues was mixed month-on-month thanks to January not being a roll month for CME, average daily volume (ADV) on all three venues was lower year-on-year. Refinitiv reports ADV of $83 billion for spot FX across its platforms in January, a 6.4% increase from December, but a 12.6% decline from […]
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Sucden Goes Live with Cobalt for Post-Trade

The post-trade infrastructure provider Cobalt has today announced that Sucden Financial is joining Cobalt’s post-trade technology network for its FX business. Cobalt’s post-trade infrastructure creates a single trusted set of standardised trade data from which Sucden can utilise Cobalt’s range of middle and back office trade solutions, including its Core Credit module. Sucden is accessing […]
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Discount Bank Implements Integral Technology

Tel Aviv-based Discount Bank (DB) announced today that it has partnered with Integral to deploy new eFX workflow automation and trading technology to drive business growth. DB needed a solution for their e-FX business which would allow them to improve flexibility and extend their reach over different trading channels. Integral BankFX was selected for the […]
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ION Acquires Controlling Stake in Broadway Technology

ION Investment Group announced a recapitalisation of Broadway Technology, a leading provider of high-performance capital markets solutions, in which ION is acquiring a controlling stake alongside Long Ridge Equity Partners and the Broadway founders. “Partnering with ION provides the investment to accelerate our product roadmap including workflow automation technology across different market segments and asset […]
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CLSSettlement Adds First Philippine Third-Party Bank

CLS, a market infrastructure delivering settlement, processing and data solutions, announced that Metrobank is the first Philippine bank to access CLSSettlement as a third-party participant. UBS, a CLSSettlement member, will provide access to Metrobank. The addition of Metrobank, one of the largest banks in the Philippines, is testament to the significant increase in third-party participation […]
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ACI FMA Partners with Axiom on FX Global Code

The ACI Financial Markets Association (ACI FMA) announced a partnership with Axiom Global Advisors (Axiom) to help market participants around the globe implement and adhere to the FX Global Code. The two partners will collaborate in the delivery of services and tools for market participants to embed the principles of the FX Global Code in […]
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FXCM Pro Enters Liquidity Partnership

FXCM Group, announces that FXCM Pro, the institutional arm of the business, built a partnership with Your Bourse, a technology company providing a liquidity aggregation and risk management platform for MT4/MT5 brokers with hosting in Equinix data centres. Through the combination of FXCM liquidity and Your Bourse technology, the partnership allows FXCM clients to access […]
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BestEx Research Launches Algo Platform

BestEx Research Group, LLC, an independent, algorithmic trading company created by industry trading veteran Hitesh Mittal, founder and CEO, is today launching an end-to-end global trading solution combining consultation with sophisticated execution algorithms, a back-testing platform and TCA in a broker-neutral model for equities, futures and FX. Additionally, Abel Noser LLC, the agency-only brokerage subsidiary […]
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