US Employment Recovery Continues

The US August employment report showed continued payrolls improvement, though the size of those gains continues to slow and likely reflects the return of laid-off workers rather than new job creation. Likewise, the unemployment rate fell sharply in the month to 8.4% but remains more than twice the size of the pre-COVID rate of 3.5% […]
Read More »

US Initial Claims Fall on Technical Factors

US Initial claims fell by 130,000 in the August 29 week to a level of 881,000, well below the 958,000 level expected and the lowest since the pandemic began, however, the decline needs to be taken with a grain of salt due to technical issues. The Labor Department shifted to an additive seasonal factor from […]
Read More »

SGX, CryptoCompare, Unveil Crypto Indices

Singapore Exchange (SGX) has unveiled a partnesrhip with collaborating with UK-based cryptocurrency market data provider CryptoCompare, to launch crypto indices under the SGX iEdge index suite, namely the iEdge Bitcoin Index and iEdge Ethereum Index, as the first batch of such indices. According to research data by CryptoCompare, the total assets under management (AUM) globally of digital asset […]
Read More »

TriOptima, AcadiaSoft Partner on Collateral Processing

TriOptima has extended its collaboration with AcadiaSoft to automate monthly collateral interest payments for over-the-counter (OTC) market participants. According to International Swap Dealers Association (ISDA) data, cash collateral accounts for approximately 70% of all collateral exchanged for non-cleared derivatives, equivalent to $1.3 trillion in 2019 alone, TriOptima notes. A significant proportion of this market still […]
Read More »

Broctagon Launches Crypto Aggregation Tool

Singapore-based Broctagon has upgraded its Nexus 2.0 liquidity aggregator technology to include native altcoin liquidity management – a solution it says allows exchanges to regulate the demand and supply of their native altcoins via algo-automated execution to “achieve healthy liquidity and enhance token tradability”. The firm observes that unlike Bitcoin and major altcoins such as Ethereum and Litecoin, most […]
Read More »

HSBC Launches NDFlex Algos

HSBC’s FX Alternative Execution Services has launched a new NDF algo offering called NDFlex – initially available in five currency pairs using a number of strategies. The new algo suite is offered in the dollar against IDR, INR, KRW, PHP and TWD, and Implementation Shortfall, Liquidity Seeking, TWAP, VWAP, Get Done and Liquidity Plus strategies […]
Read More »

TraditionData Adds Ameribor to Benchmark Data Sets

TraditionData the data arm of inter-dealer broker Compagnie Financière Tradition, says it has added the Ameribor interest rate benchmark as one of its dollar alternative reference rates (ARRs). Ameribor is a new credit-sensitive benchmark created by the American Financial Exchange and TraditionData will publish spreads between it and the Secured Overnight Financing Rate (SOFR) and […]
Read More »

Edgewater Launches New EM-Dedicated Platform

Edgewater Markets has unveiled EdgeFXLatam, a platform that leverages the firm’s proprietary technology and adapted specifically for Latin American markets. Edgewater says the platform is the first to offer local participants streamed price technology that integrates the local markets with the greater FX community, enabling banks to automate and optimise transaction flow with local clients, […]
Read More »

Platform Volumes Edge Higher: CboeFX Dips

The first group of platforms to report FX average daily volume (ADV) data indicate that activity was slightly higher in August from July, but was down year-on-year. FXSpotStream, which reports ADV is all products, not just spot, reports it handled $41.2 billion in August, up 2% month-on-month, but down 4.8% from August 2019 – a […]
Read More »

US Manufacturing Conditions Improve Further in August

The August ISM index showed US manufacturing sector activity expanded further due to extraordinarily strong demand, but the sector is still laying off workers and some sectors have not fully recovered from the COVID slowdown. The headline PMI index rose to 56.0 from 54.2 in July, above expectations for a smaller increase to 54.7 and […]
Read More »