Edgewater Launches New EM-Dedicated Platform

Edgewater Markets has unveiled EdgeFXLatam, a platform that leverages the firm’s proprietary technology and adapted specifically for Latin American markets. Edgewater says the platform is the first to offer local participants streamed price technology that integrates the local markets with the greater FX community, enabling banks to automate and optimise transaction flow with local clients, […]
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SGX, FTSE Russell to Collaborate in New Asian Indices

Singapore Exchange and FTSE Russell have signed a long term strategic paertnership agreement that will see the firms launch new Asian and Emerging Markets focused, multi-asset index derivatives offerings. The core products will be anchored around FTSE Russell’s global benchmark indices for fixed income, listed real estate, global equities and currencies, catering for expansion to […]
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Cappitech Adds Singapore to Trade Reporting Solution

Cappitech says it has extended the regulatory regimes it supports to include the Monetary Authority of Singapore (MAS) OTC derivatives transaction reporting through The Depository Trust & Clearing Corporation (DTCC). Investment firms and Significant Derivative Holders falling under scope of the MAS’ regulation can leverage Cappitech’s transaction reporting technology to automatically transform their data and […]
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CLS Volumes Dip

The average traded FX volume submitted to CMS in July was $1.66 trillion, down 5.3% from the previous year and down 6.8% from June 2020. FX swap volumes were 1.191 trillion, down 4.7% year-on-year and down 3.6% from June, while outright forwards activity was $80 billion per day, down 27.9% year-on-year and down 20% from […]
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E-Ratios Rise, Channels Change in FX Turnover Data

Data from the latest UK and US FX committee turnover surveys indicate that customers went through disclosed channels in April 2020, however dealers internalised less risk. The UK’s FX Joint Standing Committee report has one enigma – a change in the report that has seen the share of the multi-dealer platforms in spot trading apparently […]
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Global FX Turnover Falls in April, But Outliers Exist

Unsurprisingly, given the sharp slowdown seen after the March mayhem in FX markets, the latest FX committee turnover data indicates that April 2020 was a quieter month that April 2019, although the regional data is anything but consistent with that trend. Compared to the October 2019 survey, turnover was down across the board in all […]
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MAS Unveils SORA Transition Support

The Monetary Authority of Singapore (MAS) has announced several initiatives to support the adoption of the Singapore Overnight Rate Average (Sora), which is administered by MAS. Given Sora’s growing importance as a key interest rate benchmark in Singapore dollar financial markets, MAS explains the initiatives aim to catalyse greater activity in Sora markets, safeguard the […]
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Appeal Court Decision Provides New Avenue for Johnson Defence

A recent precedential decision by the US Court of Appeals’ Second Circuit has possibly opened a door for former HSBC FX trading head Mark Johnson to have his conviction overturned. Johnson has separately filed to the US Supreme Court to have that court listen to an appeal against the judgement on eight counts of wire […]
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COVID-19 Resurgence to be Weighed in July Data

The coming week’s July data will be scrutinised for any early effects of the COVID-19 resurgence, with the highlight of the week being Friday’s monthly employment report. The combined 7.5 million payrolls gain in May and June only began to scratch the surface of offsetting the 22.2 million total decline seen in the first two […]
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US Personal Income Drops as Stimulus Winds Down

US Personal income fell further in June after a large May decline, again reflecting the pullback from the stimulus surge in April. At the same time, consumer spending rose solidly in each of the last two months due to business re-openings, but not enough to offset the sharp April decline the Commerce Department reported Friday. […]
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