Cobalt Adds Two with New Investment Round

Post-trade infrastructure provider Cobalt has announced the addition of two new hires to its leadership team, as it continues its expansion into emerging markets and digital assets with a new institutional investment round. Duncan Lord has joined as the head of post-trade operations, while Michael Walsh joins as a consultant. Lord joins from Barclays where […]
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TP Icap Adds Two For Matchbook Credit

Just days after confirming its intention to expand further into the e-fixed income and credit market with the purchase of Liquidnet, inter-dealer broker TP Icap has unveiled two appointments to its Matchbook Credit platform. David Everson joins as head of Matchbook Credit EMEA with the task of building out the firm’s portfolio of optimisation products […]
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SmartStream Releases New AI Tool

SmartStream Technologies today launched Affinity, an Artificial Intelligence (AI) observational learning tool, to provide operational data management and data quality processes. SmartStream, in partnership with unnamed Tier 1 banks, has developed the integrated AI solution that it says can result in cost savings of as much as $2 million per annum, “bringing reconciliations into a new […]
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Edgewater Joining oneZero Ecosystem

Edgewater Markets today announced it has joined the oneZero ecoSystem to provide the latter’s clients with access to Edgewater’s liquidity and distribution services. Founded in 2009, Edgewater says it provides FX services to more than 300 global institutional clients, including banks, asset managers, brokers, and other financial institutions, providing access to deliverable and non-deliverable local […]
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FX Platform Volumes Rise in September

The first group of FX platforms to report average daily volume (ADV) indicate that September was a busier month all round, with all showing month-on-month and year-on-year rises. Euronext FX reports ADV of $21.3 billion in September, a 12.7% increase from August and up 11.5% from September 2019. The exchange group’s FX Tape reported $123.1 […]
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CboeFX Launches NDF Platform

CboeFX has unveiled Cboe Swiss, which, in spite of what the name would suggest, is a platform for trading NDFs. The new platform offers ECN-style trading with curated liquidity pools to meet users’ execution criteria with streaming firm and non-firm quotes. It also has Cboe’s full amount execution protocol for discrete large risk transfer trades, […]
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Ideal Prediction Names Veterans to Advisory Board

Trading analysis and data science provider Ideal Predication has appointed Geoff Jones and Jonathan Fieldman to its advisory board. Jones was previously global head of e-FX and spot trading at RBC Capital Markets, and Fieldman was chief operating officer and chief business development officer at Broadway Technology. “I’ve collaborated with Jonathan and Geoff on many […]
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CFTC Fines Morgan Stanley for Swap Data Reporting Failures

The Commodity Futures Trading Commission (CFTC) yesterday announced that it has filed and settled charges against Morgan Stanley Capital Services LLC, a provisionally registered swap dealer, for failing to comply with swap data reporting obligations. The order requires Morgan Stanley to pay a $5 million civil monetary penalty and to retain a qualified outside consultant to verify […]
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And Another Thing…

Because, if nothing else, this column is an information service, this will be brief and to the point – and, hopefully, informative. Are you wondering why we are seeing so many spoofing cases in the US? If you are then you’re probably thinking that the activity is out of control over there – and it […]
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CFTC Fines Morgan Stanley for Reporting Failures

The US Commodity Futures Trading Commission (CFTC) has fined Morgan Stanley Capital Services $5 million for reporting failures under its obligations as a registered swap dealer – the firm is also instructed to retain a qualified outside consultant to verify its remediation of the violations of CFTC rules. The order finds that since December 31, […]
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