Primary FX Venues See Volume Drop in October

The primary FX trading venues all saw a decline in activity in October. CME Group says it handled 804,000 FX contracts on its futures and options suite for a notional value of $74.6 billion – this is an 11% decline from October 2018 and a 24.1% decline from September’s roll month. CME’s EBS also saw […]
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EBS Claims African NDF First

CME Group’s EBS says it has conducted the first ever African NDF trade on a central limit order book (CLOB) trading platform with a one-month dollar-Kenyan shilling NDF executed on EBS Market between Bank of America and Citi. The firm says it has also added one-month pairs for the dollar against the Nigerian naira, the […]
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CLS Appoints Hrvatin as CRO

CLS has named Deborah Hrvatin as chief risk officer – she will also join the CLS executive management committee. Hrvatin joins from Citi where she was global head of operational risk management for the bank’s Institutional Clients Group and CLS says as a specialist in risk management and strengthening controls, she is responsible for its […]
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CFH Clearing Adds Analytics

CFH Clearing says it has enhanced its data analytics offering to provide clients with better data on liquidity management. The tools, which were developed in-house, pave the way for what CFH says will be a real-time interactive liquidity dashboard planned for launch in 2020. “The data we collect from each broker and LP enables us […]
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Spotex Promotes Miesner

Spotex has announced the promotion of John Miesner to chief executive officer, less than a year after he joined the firm to lead its institutional expansion. “I am grateful to the Spotex board and executive team for the confidence they have shown naming me CEO,” he says. “We’ve done a lot of exciting things together […]
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Platforms Report Mixed Results for October

The first group of FX trading platform providers to report results for October indicate it was a mixed month for providers with CboeFX seeing a slight rise in activity and three other venues small declines. CboeFX handled $31.7 billion per day in October, a 4.2% increase from September, but a 14.3% decline year-on-year. The platform […]
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HKEX Eyes FX Clearing Growth

Hong Kong Exchanges & Clearing (HKEX) becomes the latest major exchange group to identify FX clearing as a growth area, after announcing last week that its OTC Clear service handled its first deliverable FX swaps and forward contracts. The banks involved in the transaction – which was hailed by HKEX as “a step forward in […]
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Itarle Creates Ventures Arm

Itarle, a provider of high-performance best execution services to banks, has created a new Special Purpose Vehicle (SPV), Itarle Ventures GmbH. The entity serves as a separate legal structure for Itarle to co-invest with partners in new data analysis and liquidity services, and shared market infrastructure initiatives. Through Itarle Ventures, the company plans to leverage […]
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CME, Bakkt, Outline Bitcoin Option Details

CME Group has released details of its options on bitcoin futures, which were announced in September and are targeted for launch in Q1 2020. As expected, each contract is to be based on one of CME’s bitcoin futures contracts, which in turn consists of five bitcoin, and will be settled into one futures contract when […]
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Nomura Makes Algos Available on BidFX

Nomura has made its five FX algorithmic strategies available on the BidFX platform. Clients can now access Nomura’s FX Algo Tsuwamono Series on BidFX. Each strategy offers flexibility on executions suited designed to meet client requirements and trading preferences. “Nomura’s FX algorithms provide substantial benefits to clients, with high levels of trading flexibility. We’re pleased […]
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