CLS Volumes Flat in May

The average daily volume (ADV) of FX trades submitted to CLS in May was $1.62 trillion, marginally down from the $1.63 trillion it reported in April. The ADV of FX swaps submitted to CLS in May was $1.19 trillion, down 4.14% month-on-month and down 5.3% year-on-year. The ADV of FX forwards trades submitted to CLS […]
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Moex Signs with Avelacom for More PoPs

Moscow Exchange has facilitated connectivity options for professional market participants and their clients from Asia and the Middle East by deploying new Points of Presence (PoPs) in collaboration with Avelacom, in data centres in Hong Kong, Singapore, Shanghai, Dubai and Mumbai. The firms say market participants have high speed access to Moex’s markets and data […]
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Not So Fast: A Look at Eurex’s New Latency Mechanism

Galen Stops takes a closer look at the new latency mechanism being introduced to FX and certain equity options products by Eurex, in a bid to improve the order book. Speed bumps seem to be the topic de jour in the listed derivatives markets just now, with the Intercontinental Exchange (ICE) winning approval to implement […]
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Trading Technologies Launches Connectivity to CoinFLEX

Trading Technologies (TT) is now offering connectivity to CoinFLEX, a cryptocurrency exchange for physically delivered futures, for traders outside the US. CoinFLEX, formerly CoinfloorEX, is incorporated in the Seychelles and is focused on the Asian retail trader market as well as the market for commercial hedging, including mining firms, OTC trading desks and global proprietary trading […]
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Seed CX Launches Three Stablecoins

Seed CX has launched three stablecoins, PAX, USD Coin and TrueUSD, on its digital asset exchange. Through its subsidiaries, Seed CX offers a licensed, institutional exchange platform for trading digital assets, and plans to offer a market for Commodity Futures Trading Commission (CFTC)-regulated digital asset derivatives. The three stablecoins are set to begin trading against […]
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FIAPTG, CFTC Commissioners, Slam Commission Approval of ICE Speed Bump

The Futures Industry Association’s Principle Traders Group (PTG) has slammed the decision by the Commodity Futures Trading Commission (CFTC) to allow ICE to self-certify its Passive Order Protection mechanism, more commonly known as a speed bump. The PTG was joined in its criticism of the decision, which has already caused significant controversy in futures circles, […]
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Bakkt Looks to Scale with New Acquisition

Bakkt, a platform for buying, selling, storing and spending digital assets that was launched by Intercontinental Exchange (ICE), has acquired Digital Asset Custody Company (DACC), a firm that specialises in providing custody services for digital assets. “Think of that [acquisition] as helping us scale our existing offering that we’ve built over the last two years […]
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FastMatch Rebranded as Euronext FX

FastMatch has been officially rebranded as Euronext FX. Euronext says that this represents “a new step” in the integration of FastMatch into its business and that it reflects “the evolution of FastMatch” since it acquired the platform. “While the FastMatch brand name is synonymous with speed and best in class technology, Euronext stands for transparency, […]
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Deutsche Börse in Talks with Refinitiv Over FX Business

Deutsche Börse Group confirms that it is in talks with Refinitiv regarding the possibility of buying its FX-related businesses. In a statement issued today, a Refinitiv spokesperson confirms that the company is in “ongoing discussions” with the German-based exchange operator for a deal “which could include the divestiture of certain of its FX products”. This […]
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Digital Asset Settlement Service Launches

Zero Hash, Seed CX’s digital asset and fiat currency custodian subsidiary, has launched a suite of OTC trade settlement services for digital assets. The new settlement service aims to widen the number of counterparties that market participants can transact with, streamline reconciliation and reporting, and enable frictionless settlement of trades.At launch, Zero Hash supports spot settlement of 19 fiat pairs, in addition to BTC, ETH, LTC and BCH, and will be launching support for repos, forwards, and other product types in the coming months.
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