Barclays Launches NDF Algos

Barclays has become the latest bank to extend its FX algo execution product site to NDFs, adding one-month NDFs across multiple algorithms to Gator, its liquidity aggregation and algo platform. The algos are available in seven Asian currency pairs, USDCNY, USDIDR, USDINR, USDKRW, USDMYR, USDPHP, USDTWD and the bank says the launch is in response […]
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UK Court of Appeal Dismisses SNB Day Claim

The UK Court of Appeal has dismissed an appeal by CFH Clearing to have a judgement in favour of Merrill Lynch International (MLI) overturned – the original case relates to 27 trades submitted to MLI’s trading platform by the broker in the immediate aftermath of the Swiss National Bank removing the EUR/CHF floor at 1.20. […]
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SocGen Live on FXSpotStream

Societe Generale (SocGen) has gone live and is trading with clients via its price streaming service on FXSpotStream, which it joined as a liquidity provider in May. SocGen is the 15th LP on the service, which also includes Bank of America, Barclays, BNP Paribas, Citi, Commerzbank AG, Credit Suisse, Goldman Sachs, HSBC, JP Morgan, Morgan […]
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ACI FMA, NYCDL, File New Amicus Curiae in Johnson Case

As former HSBC FX cash trading head Mark Johnson takes his case to the US Supreme Court, ACI – The Financial Markets Association (ACI FMA) has filed a second Amicus Curiae to support his efforts to have his case heard and conviction overturned. Additionally, the New York Council of Defense lawyers (NYCDL), a not-for-profit professional association […]
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Cobalt Secures Investment from Standard Chartered

FX post-trade infrastructure provider Cobalt, has announced the expansion of its bank investors with Standard Chartered as its latest backer. Having signed as a client on Cobalt’s platform in February, Standard Chartered now joins Citi as an investor in Cobalt’s expanding network. By creating a single version of a trade and checking credit in real-time […]
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BNY Mellon, Deutsche Bank, Unveil Restricted Currency Custody FX Solution

BNY Mellon and Deutsche Bank have jointly developed a new API-enabled FX solution they say can “dramatically improve confirmation times for restricted emerging-market currency trades”. The digital solution, initially being applied to custody FX transactions in Korean won, aims to reduce the pre-trade lifecycle to seconds from hours, minimising the operational burden and manual intervention […]
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Deutsche Deploys Symphony to Open up WhatsApp to Staff

Deutsche Bank has deployed the Symphony Connect Solution for secure chat and collaboration with its clients via WhatsApp. Following the introduction the WeChat functionality in November 2019, the bank says that clients can now securely and safely communicate with Deutsche Bank employees anywhere and any time via their preferred chat platform while meeting stringent security […]
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Deutsche Bank in ESG FX Asian First

Deutsche Bank and Olam International have executed what is believed to be Asia’s first FX derivative linked to environmental, social and governance (ESG) key performance indicators (KPIs). The ESG-trade was a one year USD/Thai Baht forward enables Olam to lock-in a discount when it meets pre-defined ESG targets which supports the United Nations (UN) Sustainable […]
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P&L Talk Series – Morgan Stanley

The last three months have seen the foreign exchange market faced with unprecedented challenges and while the general sense is that the industry handled matter well, what was it really like in the eye of the storm? Colin Lambert talks to Melanie Cristi, head of FX market structure and client content; Matt Thomas, global head […]
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Deutsche Locates FX Pricing Engine in Singapore

Deutsche Bank has announced its intention to establish an e-FX hub in Singapore by developing an FX trading and pricing engine onshore, in conjunction with the Monetary Authority of Singapore. This will be the bank’s fourth global FX centre, along with New York, London and Tokyo and is intended to provide clients with the ability to […]
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