GlobalLink Joins FXPA

GlobalLink, State Street’s suite of e-trading platforms, technology, data and workflow solutions, has joined the Foreign Exchange Professionals Association (FXPA). The FXPA is a Washington-based organisation that represents the collective interests of professional FX industry participants by engaging with regulators and policymakers through education, research and advocacy. “GlobalLink is very pleased to join the FXPA […]
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Analysing the Implications of Citi’s FXPB Cull

The news this week that Citi served a 90-day notice to the largest non-bank market making firms in FX – including Jump Trading, XTX Markets, Virtu Financial, HC Technologies and, at an earlier point in time, GTS – that it is no longer willing to offer them FX prime brokerage (PB) services, certainly got tongues […]
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FIA Welcomes Basel Committee Client Clearing Adjustment

The Futures Industry Association (FIA) has welcomed news that the Basel Committee on Banking Supervision has agreed on a limited revision of the leverage ratio to allow margin received from a client to offset the exposure amount of client-cleared derivatives. The Committee met last week to discuss a range of policy issues, including the leverage […]
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Sears Exits Barclays

Rick Sears, who served as COO of the Macro group at Barclays Investment Bank in New York for the past nine years, left the bank at the beginning of June. When Sears first joined the Macro group nine years ago, it has basically morphed into an FX and rates business. The FX business is managed […]
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OneZero Announces Liquidity Hub Update

OneZero Financial Systems has released a new 8.0 version of its Liquidity Hub, which features a new design aimed at giving clients additional tools and flexibility to simplify their daily workflow. “The new design incorporates dashboards and tiles, giving clients a complete, custom view of their business and enabling significant personalisation of the user experience. […]
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Bringing the Pure Concept to Digital Assets

For all the talk of institutionalising crypto markets, progress is slow – Colin Lambert talks to Campbell Adams, founder and CEO of Pure Digital about how he plans to accelerate the transformation Although the end result in terms of hard numbers doesn’t really tell the story, the creation of the FX Pure trading platform, which […]
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FMSB Proposes Statement of Good Practice on Conflicts of Interest

The FICC Markets Standards Board (FMSB) has published a transparency draft of a new statement of good practice on conflicts of interest – the ninth such statement since it was established in 2015. The primary aim of the latest statement is to provide guidance for FICC market participants as they consider ways in which to […]
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Digital Asset Redemption to Use Zero Hash for Settlement

Zero Hash, Seed CX’s digital asset and fiat currency custodian subsidiary, has announced that Digital Asset Redemption (DAR) has agreed to utilise its settlement service for short-term digital asset loans. DAR is a Chicago-based company that works with insurance companies, cybersecurity firms, and incident response teams across the globe to facilitate resolution to ransomware attacks. […]
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Bank of China Becomes SwapClear Member

Bank of China (UK) Limited, the firm’s UK entity, has joined LCH’s SwapClear service as its first clearing member from a Chinese banking group thus gaining access to clearing of interest rate derivatives. The bank will also act as a clearing broker, offering clearing services to its client base. In 2015, Bank of China became […]
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Facebook Reveals Details of its New Cryptocurrency

Facebook has issued a series of whitepapers outlining its plans regarding the new cryptocurrency that it intends to launch in the first half of 2020. According to the materials released today, the underlying aim of the proposed cryptocurrency, called Libra, is to make moving money around globally as easy, cost effective and safe as sending […]
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