Tassat Partners with AlgoTrader

Tassat, a technology provider for traditional and digital asset markets formerly known as trueDigital, has partnered with AlgoTrader to provide institutional clients with its automated, quantitative trading software. This will include direct access to Tassat’s cryptocurrency derivatives that the firm says will soon be available on a regulated exchange. The first derivatives product that Tassat […]
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Etana Expands Liquidity Access

Etana Custody, a custody solution for fiat and digital assets that provided real-time electronic trade settlement in the digital space, is now offering users access to multiple exchanges and non-exchange liquidity providers from a single account. This news comes following the announcement from Kraken, a digital asset exchange, that its users will be able to […]
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Johnson Loses Appeal Against Conviction

In what may be a significant decision for the foreign exchange industry, former HSBC head of cash FX trading Mark Johnson has lost his appeal to have his conviction and sentence overturned in the US. In their decision, justices Calabresi, Lohier and Donnelly, say: “We conclude that there was sufficient evidence to convict Johnson on […]
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AL&P Hires Ridewood as Senior PM

Adrian Lee & Partners (AL&P) has hired Michael Ridewood as a senior portfolio manager. Ridewood has over 14 years’ experience in portfolio management with a focus on currency and global markets. Most recently he was the founder and managing partner at Atreaus Capital, a global macro hedge fund launched in 2012 which grew close to […]
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BNP Paribas Unveil Digital Trading Assistant ALiX

BNP Paribas has formally unveiled ALiX (Alix), a digital trading assistant, as part of its upgraded Cortex Live single dealer platform – the product was first revealed in the Digital FX Awards in Profit & Loss in April. The bank says that Cortex Live responds to growing client demand for more intelligent execution methods, more transparency […]
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Zero Hash Launches Derivatives Settlement Service

Zero Hash, a digital asset and fiat currency custodian, calculation agent and settlement service, has begun supporting derivatives. Specifically, Zero Hash – which is owned by SeedCX – is now able to support all back office settlement functions for forwards, and the firm says that it will be expanding to options soon. The support of […]
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CLS Volumes Remained Flat in August

The average daily volume (ADV) submitted to CLS was $1.75 trillion in August, flat compared to the previous month. However, this figure represents a 9% year-on-year increase. This flat month-on-month figure is in contrast to the primary venues, which saw an increase in trading activity in August, while Euronext FX, Cboe FX, FXSpotStream and Integral […]
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HKEX Bids £31.6bn for LSEG

Hong Kong Exchanges and Clearing (HKEX) has made a proposal to the board of the London Stock Exchange Group (LSEG) to combine the two companies in a deal worth £31.6 billion. This deal would scupper the proposed $27 billion deal for LSEG to buy Refinitiv. “LSEG and HKEX are two of the world’s premier market […]
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BidFX Adds Jump as LP

Execution management system provider BidFX has announced the addition of non-bank market making firm Jump Liquidity to its ranks of liquidity providers. “With the rapid expansion of BidFX we are happy to see Jump Liquidity join our EMS in response to high client demand,” says BidFX CRO, John McGrath. “Their tailored liquidity will enrich the […]
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Boehler Joins UBS?

Market sources tell Profit & Loss that Adrian Boehler has joined UBS as global head of FX distribution. Based in London the sources say he will report to George Athanasopoulos, global head of FX, rates and credit. Boehler was last at BNP Paribas in London where he spent just over seven years in a variety of […]
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