Sucden Joins TrueFX Clearing Network

TrueFX, an OTC market designed for the buy side, today announces that multi-asset execution, clearing and liquidity provider, Sucden Financial, has joined as a clearing member. Launched earlier this year, the clearing network allows buy side firms of all sizes to directly access liquidity on TrueFX from market makers without an intermediary. Users have the […]
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In the FICC of It

In this week’s podcast, P&L managing editor Colin Lambert takes a look at the week’s news, including a brief look at the month-end Fix and the “Friday phenomena” in liquidity, leading him to describe the overall experience as “not a good look for the market – although he does also ask the question, “has much […]
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CME Unveils FX Swap Rate Monitor

CME Group has introduced the CME FX Swap Rate Monitor a new tool which calculates the implied interest rate differential for eight currency pairs using tradable pricing data from CME FX futures and the FX Link central limit order book, which is a spread between the OTC FX spot and FX futures. The new tool […]
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LCH Clears First SORA Swap

LCH says it has cleared the first swaps to reference the new Singapore benchmark rate, the Singapore Overnight Rate Average (Sora) – Standard Chartered Bank was party to the first trade. Sora is Singapore’s solution for the global push away from Ibors as reference rates and will replace the existing Singapore Overnight Rate (Sor) and […]
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BTSE Lists Tether Gold

Tether Gold (XAU₮), a digital asset providing ownership of physical gold (XAU) custodied in Switzerland, has been listed on BTSE​, a financial technology exchange. BTSE is the third cryptocurrency exchange to list XAU₮, which offers a means of obtaining exposure to gold and the new product is available to trade on the exhcnage’s All-In-One Order Book, […]
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Nasdaq Collaborates with R3 for Digital Assets Exchanges

Nasdaq has entered into a long-term, non-exclusive, collaboration agreement with enterprise software firm R3, under which it will leverage R3’s enterprise blockchain software Corda, along with professional services and support in building full lifecycle solutions for digital assets market places. By tapping Corda Enterprise, Nasdaq says it can bolster its broader platform and partnership strategy […]
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Latest Profit & Loss Issue Now Live

The latest issue of Profit & Loss magazine is now live, click here to access it. In this issue we review the single dealer platform industry and discuss the latest innovations and ideas therein, as well as present the 2020 Digital FX Awards in full. FX market conditions are also in the spotlight as we […]
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Global Futures, Options Volumes Hit Record Levels

FIA today released data for global futures and options trading in the first quarter of 2020 that shows the total number of contracts traded on derivatives exchanges worldwide rose to 11.41 billion, an all-time quarterly record and an increase of 43.2% over the first quarter of 2019. “The tremendous increase in trading volumes clearly demonstrates […]
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TradingScreen, Seed, Partner for Crypto Access

TradingScreen (TS) has announced a partnership and product integration between its order and execution management system (OEMS) Markts and digital asset exchange Seed Digital Commodities Market. The agreement will provide traders with access to new digital asset classes and currencies through a centralised network for institutional market participants. Additionally, TS says Markts will look to further […]
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ForexClear Hits Highs Amidst Raft of LCH Records

LCH’s ForexClear service has unsurprisingly reported a record quarter in Q1 as FX volumes more broadly sky-rocketed. The clearinghouse says the service cleared $5.4 trillion in notional, 25% higher than Q1 2019, of this $41.6$ was client notional, up more than four and a half times the same quarter in 2019. $162.1 billion in deliverable […]
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