Citi Partners with Rapid Addition for Fix Connectivity

Citi has appointed electronic trading platform provider Rapid Addition as one of its core FIX platform partners for currency trading and integrated the Rapid Addition Fix engine, as well as the Rapid Addition Hub platform, into its new pricing technology for spot FX, which clients can connect to in co-locations across London, Tokyo, New York, and Singapore. The Fix […]
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FXCM Pro Launches Data Product

Retail broker FXCM Pro has unveiled a series of new data products, effectively making its internal trading and execution data available to clients. The data will include analysis of the firm’s customers’ positions, providing what the firm says is actionable insights and an accurate representation of real-time client behaviour. It also includes the firm’s core […]
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Federal Reserve Terminates BofA FX Action

The US Federal Reserve has announced it is terminating its 2015 enforcement action against Bank of America for unsound practices in its FX business that led to the bank paying a $205 million fine. The termination, which took place on November 22 but was only announced December 3, ends a saga that started following a […]
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Newman Joins CIT in Sales Role

Lane Newman, who last year left his role as director of FX trading at ING in New York after 19 years, has joined CIT Bank to head the FX sales effort, sources say. At CIT, New York-based Newman reports into managing director, Karl Shlaudeman, who is based in California.
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IS Prime Launches Failover Technology

IS Prime has released new proprietary failover technology enabling clients to simultaneously connect to its matching engines in New York and London. This means that through a single margin deposit, IS Prime can – in the case of a disconnection or any other disaster recovery event – automatically migrate activity from one data centre to […]
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Oanda Names Grant as APAC COO

Oanda has appointed David Grant as COO for Asia Pacific.  Based in Singapore, he will be responsible for overseeing the firm’s administrative and operational functions as well as enhancing the overall efficiency of the business. Grant joins from Gain Capital, where he had been the COO for APAC since 2015. Before that, he held the […]
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Self-Learning FX Algos: Part of the Shifting TCA Battleground

Galen Stops takes a deep-dive look at how Goldman Sachs is adding self-learning elements to its FX algos, and where this technology fits into the shifting analytics landscape across FICC markets. Goldman Sachs has for some time now offered a variety of algorithms to clients for trading FX, ranging from the more aggressive ones that […]
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Cifuentes Joins BitGo

Andres Cifuentes has joined BitGo, which offers custody solutions for digital assets, as executive director, institutional sales.  Prior to this he was most recently at Cboe FX, having joined in an FX sales role in 2016 when the platform was still called Hotspot and was owned by BATS Global Markets, which was acquired by Cboe […]
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Former CFTC Chair Takes Fintech Role at Law Firm

New York law firm Willkie Farr & Gallagher has announced that the appointment of former chair of the US Commodity Futures Trading Commission (CFTC) Christopher Giancarlo as a senior counsel. Giancarlo served as chairman and chief executive of the CFTC from August 2017 to July 2019 after being nominated as a CFTC commissioner by President […]
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Platform Volumes Suggest November Slowdown

Trading activity was down last month across the first set of FX trading platforms to publicly report their volumes. FXSpotStream reported an average daily volume (ADV) of $31 billion on its platform for November, down 7.2% from $33.4 billion the previous month and down 12.9% year-on-year. Cboe FX had an ADV of $28.5 billion last […]
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