Mrkts Teams Up with OSL

Order and execution management system (OEMS) provider Mrkts has teamed up with Asian digital asset platform OSL to launch two services, OSL Exchange and OSL intelligent request for quote (iRFQ). The two services connect directly into Mrkts, which is TradingScreen’s OEMS and allows institutional investors to price, buy and sell the top digital assets by […]
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WFE Calls for Standardised Regulatory Approach to Stablecoins

The World Federation of Exchanges (WFE), the global industry group for exchanges and CCPs, has called for the development of a common taxonomy to meet the growth of stablecoins, that would also cover crypto-assets more broadly. In a response to a consultation paper issued by the Financial Stability Board (FSB), WFE says this would create consistent […]
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LMAX Group Reports Record Half Year

LMAX Group has reported record results for the first half of 2020, turning in a gross profit of $28.9 million, up 10% from the same period in 2019, statutory EBITDA of $13.5 million (up 13%) and an EBITDA margin of 47%. For 2019 as a whole, the group reported gross profit of $56.3 million and […]
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The Translation Layer In FX

Sponsored content – David Holcombe, Product Lead for FX Futures and Clearing at 360T discusses breaking down the remaining barriers between OTC and Listed FX markets Recently there have been some well-publicised attempts by exchange groups to bridge the gap between OTC and Listed FX trading, however, these efforts have been lacking something crucial: a […]
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CME Rolls Out C-Cross for FX Link

CME Group is to roll out its Committed Cross (C-Cross) functionality to FX Link. Subject to regulatory approvals the change is due to go live on July 27 meaning FX market participants will be able to communicate pre-execution to agree details of a transaction, including size, price and direction. Unlike block trades which are negotiated […]
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SGX Completes Ownership of BidFX

Singapore Exchange, (SGX) is to acquire the 80% of OEMS provider BidFX that is does not already own. The exchange initially bought a 20% stake in March 2019 and has now taken the entire company in a deal valued at $128 million. The deal, which is expected to complete in July 2020, was the result […]
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European Commission Opens “In Depth” Review of LSE/Refinitiv Deal

The European Commission (EC) has opened an in-depth investigation to assess the proposed $27 billion acquisition of Refinitiv by the London Stock Exchange Group (LSEG) under European Union Merger Regulation. The Commission says it is concerned that the proposed acquisition may reduce competition in trading and clearing of various financial instruments and in financial data […]
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Hilgers to Run Cash Markets for Deutsche Börse

Paul Hilgers will become managing director of Deutsche Börse’s cash market business on 1 September. He will report directly to Thomas Book, executive board member of Deutsche Börse Group. From 1 July, Book’s area of responsibility, Trading & Clearing, will encompass all of Deutsche Börse’s trading and clearing platforms. In addition to the cash market, […]
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Quantile Completes First Optimisation Run with LCH

Quantile Technologies says it has successfully completed its first cleared interest rate initial margin (IM) optimisation run with LCH. The new service bolsters Quantile’s suite of optimisation services, which now includes regular runs for cleared FX and interest rates, together with uncleared SIMM optimisation for FX, interest rates and equities. By offering optimisation for both […]
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The True Cost of Trading

At Profit & Loss Dial-in Day Frankfurt, Colin Lambert, managing editor, spoke to David Mercer, CEO of LMAX Group about the true cost of trading in FX markets. In a lively conversation Mercer outlines guidelines for understanding the truecost of trading and along the way talks about the opportunity cost of hold times, the value […]
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