Bloomberg Gets Malaysia FX Nod

Following news last week that Refinitiv’s platforms had been granted permission to operate in Malaysia, Bloomberg has announced that its FXGO platform has also been granted approval from Bank Negara Malaysia under its new Framework for Electronic Trading Platforms. “Bloomberg has been a long-standing and dedicated partner for the Malaysian financial markets, and this approval […]
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Fix, Settlement Risk on GFXC Radar

The Global Foreign Exchange Committee (GFXC) held a teleconference meeting on June 22 to discuss conditions in FX markets, part of which saw the committee focus in on activity around the London WM/R 4pm Fix and issues highlighted by last year’s Bank for International Settlements (BIS) Triennial Survey which revealed an increase in the proportion […]
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State Street Research Finds Investors Happy with Managers

New research by State Street reveals that irrespective of the market dynamics created by the Covid-19 pandemic, 74 percent of institutional investors in Europe, remain confident in the ability of their asset manager to navigate the crisis. Unsurprisingly, the volatility caused by the crisis has damaged the ability of 66 percent of European investors to […]
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Angola Adopts Bloomberg FXGO

The Banco Nacional de Angola (BNA) has adopted Bloomberg’s foreign exchange electronic trading system FXGO and its electronic auction system to bring greater efficiency and transparency to Angola’s FX market. The solutions provide the BNA with real-time visibility of market activity, improving its oversight of Angola’s FX market, and enable the central bank to manage […]
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Afore Citibanamex First Mexican Fund on CLS

CLS has announced that Afore Citibanamex, Mexico’s second largest pension fund and a founding organisation in the country’s Administration System for Retirement Fund,  has become the first Mexican pension fund to access CLS’s payment-versus-payment (PvP) FX settlement service, CLS Settlement, as a third-party participant. Mexico, along with Canada and the US, leads the way among […]
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ISDA Create Adds New Documents

The International Swaps and Derivatives Association (ISDA) and Linklaters have announced they will make three new documentation modules available on ISDA Create during 2020. The expansion will allow users to agree additional documents online, bringing further automation and efficiency to the negotiation of derivatives agreements. ISDA Create is an online solution built by Linklaters’ internal […]
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Refinitiv Platforms Get Malaysian OK

Bank Negara Malaysia has approved Refinitiv’s Matching and FXall platforms as electronic trading platforms under Malaysia’s new Framework for Electronic Trading Platforms. FXall will be offered in Malaysia under its approved money broker Refinitiv Transaction Services Malaysia Sdn Bhd. The announcement marks further progress for the firm, with Matching established in several Asian centres as the […]
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FMSB Releases Third Spotlight Paper on Libor Transition

The FICC Markets Standards Board (FMSB) has published its latest Spotlight Review on Libor transition with practical case studies to support firms when considering the risks to fairness and effectiveness as the market moves to risk-free rates as more sustainable and representative benchmarks. As the risks associated with the continued provision of new LIBOR-linked products […]
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Fed’s Powell: Doing All We Can: Will it be Enough?

US Federal Reserve Chair Jay Powell has offered reassurance policymakers are not even “thinking about thinking” about raising rates and shared his worries about possible long-term post-crisis unemployment. Answering questions after the Federal Open Market Committee reaffirmed that what it’s doing now it will keep doing as long as it takes, Powell acknowledged it’s been […]
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BNY Mellon Latest to Connect to Singapore FX Hub

BNY Mellon has unveiled plans to build a high-performance FX pricing and trading engine in partnership with the Monetary Authority of Singapore (MAS), the latest milestone as the bank continues to enhance its foreign exchange presence in the region. The bank will establish new low-latency electronic FX infrastructure in Singapore, helping to improve execution quality and price […]
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