SGX Completes Ownership of BidFX

Singapore Exchange, (SGX) is to acquire the 80% of OEMS provider BidFX that is does not already own. The exchange initially bought a 20% stake in March 2019 and has now taken the entire company in a deal valued at $128 million. The deal, which is expected to complete in July 2020, was the result […]
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In the FICC of It

Colin Lambert flies solo on this week’s podcast, thanks to the sheer weight of news. So the agenda ticks quite a few “Lambert Boxes”, starting with his thoughts over the changing role of the Global Foreign Exchange Committee after this week’s virtual meeting, especially that group mentioning publicly, for the first time in a formal […]
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Busy Day in Washington Leads to Raft of Rule Changes

On Thursday, June 25, five federal regulatory agencies finalised a rule modifying the Volcker rule’s prohibition on banking entities investing in or sponsoring hedge funds or private equity funds – known as covered funds. The rule takes effect on October 1. The agencies included the Federal Reserve Board, the Commodity Futures Trading Commission (CFTC), the […]
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Deutsche Deploys Symphony to Open up WhatsApp to Staff

Deutsche Bank has deployed the Symphony Connect Solution for secure chat and collaboration with its clients via WhatsApp. Following the introduction the WeChat functionality in November 2019, the bank says that clients can now securely and safely communicate with Deutsche Bank employees anywhere and any time via their preferred chat platform while meeting stringent security […]
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FMSB Names Three to Board

The FICC Markets Standards Board (FMSB) has made three new appointments to the board of FMSB Limited. Martin Pluves, CEO of FMSB, has been appointed to the board as executive director, reflecting what the body says is “the highly successful completion of his first six months as CEO of FMSB and his exemplary leadership during […]
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Deutsche Bank in ESG FX Asian First

Deutsche Bank and Olam International have executed what is believed to be Asia’s first FX derivative linked to environmental, social and governance (ESG) key performance indicators (KPIs). The ESG-trade was a one year USD/Thai Baht forward enables Olam to lock-in a discount when it meets pre-defined ESG targets which supports the United Nations (UN) Sustainable […]
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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 […]
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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 […]
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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 […]
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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 […]
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