US Initial Claims Slow: Durable Goods Orders Surge

The massive amount of US data released simultaneously Thursday ultimately showed that the rate of claims declines continued to slow even as economic activity picked up in the manufacturing sector. US initial jobless claims filings fell further in the June 20 week, but the level of new filings remains well above one million more than […]
Read More »

Cboe FX Launches New CLOB

Cboe FX has unveiled Cboe FX Central, a central limit order book (CLOB) that, according to the company, “rewards liquidity providers in real time for the value they provide”. The launch is scheduled for June 29 and will cover EUR/USD, USD/JPY, Cable, AUD/USD, USD/CAD, USD/CHF and USD/CNH. Under the new model, participants receive market data […]
Read More »

P&L Talk Series – Morgan Stanley

The last three months have seen the foreign exchange market faced with unprecedented challenges and while the general sense is that the industry handled matter well, what was it really like in the eye of the storm? Colin Lambert talks to Melanie Cristi, head of FX market structure and client content; Matt Thomas, global head […]
Read More »

Hedge Funds Up in May, CTAs Flat

Hedge funds enjoyed a reasonable May according to the Barclay Hedge Fund Index, which rose 2.74%, the index remains in negative territory for the year, however, at -4.67% All 30 sub-indices were up for the month, led by the Emerging Markets Global Fixed Income Index at +6.03%, however year-to-date only six are positive – unsurprisingly […]
Read More »

INTL FCStone Rebrands as StoneX

INTL FCStone has announced that it is rebranding the firm as StoneX Group Inc. The StoneX Group name was approved by an overwhelming majority at this morning’s shareholder meeting and effective July 6. The firm notes that it had a record quarter, completed a material acaquisition of Gain Capital, broke $1 billion market cap, ranked […]
Read More »
abyss

Hedge Fund Flows Essentially Flat in May

Investors added a mere $1.71 billion to the global hedge fund industry in May, according to the eVestment May 2020 Hedge Fund Asset Flows Report, released today. Year-to-date (YTD) flows are still strongly negative at -$34.41 billion and overall industry AUM at the end of May was $3.046 trillion. While even a small amount of […]
Read More »

FMSB Publishes Good Practice Draft on Algo Trading

The FICC Markets Standards Board (FMSB) has published a new Statement of Good Practice on algorithmic trading in FICC markets as a transparency draft for market consultation. FMSB members and other interested parties are invited to comment on the proposed Statement of Good Practice. This consultation will run until Friday 21 August 2020 with the […]
Read More »

Bloomberg Gets Malaysia FX Nod

Following news last week that Refinitiv’s platforms had been granted permission to operate in Malaysia, Bloomberg has announced that its FXGO platform has also been granted approval from Bank Negara Malaysia under its new Framework for Electronic Trading Platforms. “Bloomberg has been a long-standing and dedicated partner for the Malaysian financial markets, and this approval […]
Read More »

Mrkts Partners with Deribit

TradingScreen’s Mrkets subsidiary is partnering with bitcoin futures and options exchange Deribit to enable institutional investors to trade cryptocurrency options for the first time on the Markts platform. Deribit, which claims to own around 70% of the open interest of the BTC crypto options market and approximately 80% of the traded options volume, will connect directly into […]
Read More »

Group Tests FX Forwards in Blockchain Tech

Vanguard, in collaboration with technology provider Symbiont, and in conjunction with Bank of New York Mellon, State Street, and Franklin Templeton, says it is actively exploring the application of distributed ledger technology (DLT) to FX forwards in an effort to increase transparency and workflow efficiencies to the currency market. As part of this pilot, Vanguard has […]
Read More »