More Platforms Report July Volume Decline

Thomson Reuters, FX Spotstream and FXCM have all reported a month-on-month decline in FX average daily volume (ADV), however the latter two are up on a year-on-year basis. Thomson Reuters says spot volumes across its platforms was $97 billion per day, 8.5% lower from June and 4% down from July 2015. Other volume was $262 […]
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Virtu Sees FX Revenues Fall: Signs Deal with JPM

Virtu Financial has signed a three year deal with JP Morgan to provide technology and market access to the dealer-to-dealer US Treasury market. “I am very pleased to announce that we have partnered with JP Morgan on an initiative to marry our proprietary systems and order routing with JP Morgan’s trading experience through a technology […]
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Platform Volumes Fall Back in July

The first batch of trading venues to provide turnover data indicates that trading volumes in July, perhaps inevitably, retreated from the Brexit-inspired heights of June. HotspotFX reports average daily volume (ADV) of $26.25 billion in July, down 9% from June’s $28.8 billion. The platform has demonstrated year-on-year growth, however, with ADV up 11.5% from July […]
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CLS Volumes Surge in June

The average daily input value submitted to CLS was $5.19 trillion in June, up 12.6% from the previous month and up 3% year-on-year. Average daily input volume submitted to CLS, combining the settlement and aggregation services, was 1.16 million in June. This represents a 20% increase from the 969,061 average daily input volume recorded in […]
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Sustained GBP Fall May Pressure UK Corporate Ratings…

The depreciation of sterling since the Brexit vote could increase pressure on UK corporate ratings, with UK retailers and airlines particularly exposed, says ratings agency, Fitch. Although Fitch says that the falling value of the pound is unlikely to spur any near-term corporate rating actions, it warns that a further 10% decline for a sustained […]
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Liquidity an Issue Again in Further Cable Collapse

Liquidity in FX markets is again a hot topic following a sharp move lower by Cable in Asian trading. In the space of a minute sterling dropped from 1.2930 to under 1.2800 – market sources say liquidity is very thin and exacerbating the move. Cable opened the Asian session above 1.3000 but has fallen in […]
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BoE Warns of Market Fragility After Brexit Vote

A further deterioration in investor appetite for UK assets, together with a potential rise in the number of vulnerable households and increased fragility in financial markets are among the main risks that the Financial Policy Committee of the Bank of England (BoE) is monitoring, following results of the Brexit referendum on June 23. Some of […]
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Asian Corporates Cite FX as Biggest Financial Risk Concern

Asian corporates and CFOs cited FX risk as the financial risk that they are most concerned about, according to a new survey from Thomson Reuters and Asset Benchmark Research. In the report accompanying the research results, it notes that as basic management processes are increasingly automated, corporate treasurers and CFOs have become more focused on […]
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Markets Standards Board Publishes First Draft of FICC Standards

The Financial Markets Standards Board (FMSB), established in the wake of last years Fair and Effective Markets review (FEMR) process in the UK, has published its first draft standard aimed at improving conduct in FICC markets. The FMSB’s work started last year and was initially aimed at all FICC markets, however since the Bank for […]
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