Broadway Rolls Out New Functionality for FICC Platform

Broadway Technology has rolled out new functionality for repo trading on its FICC trading platform, introducing complete and automated workflows for trading, hedging and collateral management on a global scale. This functionality – called RepoTrader – aims to integrate and streamline the repo trading lifecycle for major institutions. It encompasses connectivity to multiple repo markets, […]
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HSBC Launches FX Flexpay for Global Payments

HSBC has launched a new service, FX Flexpay, which enables clients to make automated, international payments in more than 140 currencies, using a single API. FX Flexpay connects Global Disbursements – the bank’s system for cross-border, low value mass payments – with FX FlexRate, HSBC’s proprietary FX pricing technology that guarantees FX rates or offers […]
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XTX Markets In China First

XTX Markets has today (January 21) become the first non-bank market maker to price to China’s FX interbank market, CFETS. XTX becomes a liquidity provider for G10 markets, with Bank of China – the first prime broker on the system – as its prime broker. CFETS says in a release that the addition of XTX […]
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SynOption Launch Reinforces Singapore FX Push

Singapore’s efforts to make itself the leading FX hub in Asia has seen several players in the spot market locate their pricing engines in the city state, but on January 27 that centre’s FX offering will be boosted by the opening of an institutional FX options trading platform with SynOption due to start trading. Initially […]
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Global Exchange Traded FX Growth Anemic in 2019

The volume of exchange traded currency futures and options traded in 2019 grew just 0.2% compared to the previous year, according to new data from the Futures Industry Association (FIA). In total, 3.9 billion currency futures and options were traded on exchanges last year. This means that in percentage terms, this segment – which accounted […]
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Geopolitics Drives Record 2019 FX Volumes for SGX

SGX saw record volumes in its FX futures during 2019, which it credits to heightened trading activity due to geopolitical factors. The exchange is reporting aggregate FX volumes of $1.3 trillion for 2019, up 44% from $914 billion in 2018, with a total of 23.5 million futures contracts traded on its platform last year, a […]
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UK Ups the Ante on Libor Transition

The Bank of England and the Financial Conduct Authority (FCA) have redoubled their efforts to get what appears to be reluctant financial markets participants to move away from using Libor as a benchmark, citing 2020 as a “critical” year for the transition process as markets move towards the end of Libor in 2021. In a […]
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StanChart Adds to London Trading Team

Alishah Gowani is joining Standard Chartered’s London trading team, trading Asian NDFs, and will be reporting to Wesley White, macro trading head for Europe, according to sources. Gowani, who reportedly starts next week, joins from Mizuho Bank, where he spent the last two years, serving as head of FX trading, specialising in NDFs and EM […]
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IS Prime Gets Hong Kong Licence

IS Prime Hong Kong, part of ISAM Capital Markets, has been granted a Type 3 Leveraged Foreign Exchange Trading licence by the Securities and Futures Commission (SFC) in Hong Kong. The licence enables the firm to offer leveraged FX trading services to institutional professional investors. The named Responsible Officers are Will Robbins, head of Asia […]
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Trad-X Launches Dealer to Client e-Platform

Tradition Brokers’ interest rate derivatives platform Trad-X has launched what it claims is the industry’s first dealer-to-client (D2C) pure electronic central limit order book (CLOB) and completed a number of live transactions between dealers and non-dealers. The firm says that Aegon Asset Management became the first buy-side institution to execute a euro IRS trade on […]
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