Firms Launch FX Consulting Service

Institutional FX Advisory Partners (IFXAP) is partnering with ITG Analytics to bring the latter’s FX TCA product to middle-tier asset managers and pension funds in Europe. The new consultancy service will review the complete FX transaction lifecycle to ensure an efficient and transparent process, and, the firms say, seek to minimise cost and risk and maximise portfolio performance. The consultancy covers the entire FX trade lifecycle, including use of third-party trading platforms, data delivery and connectivity, assessment of pricing and service provided by FX dealers, evaluation of front and back office process efficiency, and monitoring of execution costs using ITG’s FX TCA.
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CLS Volumes Ease in July

The average daily input volume of instructions submitted to CLS, combining the settlement and aggregation services, fell 9.7% month on month in July, standing at 1,050,046. However, year on year volumes were less changed, decreasing by just over 1.7%. Meanwhile, the average daily input value submitted to CLS in July 2016 was $4.69 trillion, falling […]
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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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