Kraken Launches FX Trading…Unless You’re in the US

Cryptocurrency exchange Kraken has launched FX trading with nine currency pairs, however while the service has been rolled out globally, US residents are unable to trade on the platform for regulatory reasons. The platform is support the US dollar versus CAD, CHF, EUR, GBP, JPY, as well as crosses between those currencies. The firm says […]
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Eurex Extends OTC Clearing Services to Japan

Japan’s Financial Services Agency (FSA) has granted Eurex Clearing a license as a “foreign financial instruments clearing organisation”. This extends Eurex’s central counterparty clearing services in the European Union and US, to include Japan as well. With the new license, Japanese financial institutions can directly access Eurex for swap clearing and combine their listed and […]
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Credit Suisse Appoints Two in e-FX

Credit Suisse has made two appointments to its e-FX business. Rory Barnes recently joined the e-FX team in London from FXSpotstream where he spent five years, he reports to Tony Sands, head of e-FX sales EMEA with a focus on building out both the bank’s principal and AES FX algo products. Alex Orr has also been […]
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Desjardins Signs with SmartTrade

Canadian financial services company Desjardins has selected LiquidityFX, SmartTrade’s fully hosted and managed FX platform, to provide enhanced FX services to its clients. SmartTrade’s solution includes connectivity, aggregation, pricing, distribution, risk management, post-trade and a customisable HTML5 user interface. In addition, Desjardins will be able to provide its traders and retail customers with pricing on […]
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TransFICC, SoftSolutions to Provide Connectivity for IRS

TransFICC, a provider of low-latency connectivity and workflow services for fixed income and derivatives markets, and SoftSolutions, which develops platforms that integrate with electronic exchanges and venues, have announced a partnership for interest rate swaps. Using TransFICC’s ‘One API for eTrading’ platform, SoftSolutions will be able to offer its clients access to IRS e-trading, in […]
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Cross-Border Trading, Clearing Feature in New Derivatives Study

FIA today released a study on trading and clearing trends in derivatives markets. The study assesses market sentiment towards several major market structure trends, including the impact of capital requirements, the adoption of central clearing, the transition away from Libor, and the implementation of margin requirements on uncleared derivatives. The study includes insights on the views […]
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R3 Appoints Copeland to Drive Partnerships, Alliances

R3, the enterprise blockchain software firm, has appointed former IBM and Amazon Web Services (AWS) executive, Dorothy Copeland, as global head of partner ecosystem and alliances. Copeland joins R3 following a tenure at IBM where she was responsible for ecosystem partner sales, programs and business development. At IBM, she led the company’s partner business function […]
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TP Icap Unveils Increase in Revenue, Profitability

TP Icap’s annual results show the firm improved its underlying and reported operating profitability, despite the mixed geopolitical environment, and also beat forecast savings from its Icap integration programme which came in at £80 million compared to a forecast £75 million. Group revenue was £1.833 billion, a 4% increase on a reported basis (1% at […]
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TP Icap Launches FX Options Platform

Interdealer broker, TP Icap, has launched an FX options platform, FXOhub, which the firm says represents “a step-change in intuitive liquidity sourcing and trade execution”. FXOhub provides a single logon to the TP Icap Order Book screen for ATM Straddles, Risk Reversals and Butterflies, as well as a Request for Quote (RFQ) screen that shows […]
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FCA Launches Review into Wholesale Market Data Services

The UK’s Financial Conduct Authority (FCA) has begun a review into the use and value of data and advanced analytics in wholesale financial markets, both now and in the future. The review comes in the form of a Call for Input (CFI) and will look at three specific areas – trading data, benchmarks and market […]
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