Data: The New Cornerstone of FX Trading

Data is increasingly becoming the cornerstone of FX market participants’ business models, but what does this mean more broadly for the industry? This will be one of the key questions addressed on the panel session, “Learning to Thrive in Data Driven Markets” at the Profit & Loss Scandinavia conference taking place on October 10th in […]
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SmartStream Launches AI Tool

SmartStream Technologies has incorporated artificial intelligence (AI) technology into its existing managed service offering, which covers reconciliations, corporate actions, cash management and reference data.  SmartStream has worked alongside its clients to introduce AI into their managed services offering that it says will reduce operating costs and pricing, as well as improving operational efficiency and reporting. […]
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Apply Financial Selected by Cambridge Global Payments

Specialist payments validation company Apply Financial has announced a strategic alliance with Cambridge Global Payments to deploy its Validate API to provide Cambridge customers with cross-border payments solutions. The firms say that validating payments at payment entry using, Validate API, will allow Cambridge to continue to thrive in an increasingly competitive market by providing their […]
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LCH Claims First with Link to FX Connect TradeNexus

Clearing house LCH has announced that it is the first clearing house to integrate with FX Connect TradeNexus, State Street’s FX trading platform that provides exception-based automated matching, trade and settlement confirmation enrichment and third party messaging. Kate Lowe, managing director, global head of TradeNexus, says, “Uncleared margin rules are changing the way the market […]
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Deutsche, Saxo and XTX Live on Cobalt

Cobalt, the foreign exchange infrastructure based on shared ledger technology, is now live with Deutsche Bank, XTX Markets and Saxo Bank. Darren Coote, CEO of Cobalt, says, “Having the backing of these three different FX players, one an established bank that has been innovating for over 20 years, a new breed of electronic market-maker and […]
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CME to Launch Bitcoin Options

CME Group has announced plans to launch options on its bitcoin futures contracts in Q1 2020, pending regulatory review. “Based on increasing client demand and robust growth in our bitcoin futures markets, we believe the launch of options will provide our clients with additional flexibility to trade and hedge their bitcoin price risk,” says Tim […]
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Genesis Acquires Quant Firm

Digital assets market maker, Genesis, has acquired Qu Capital, a New York-based quantitative investment and research firm. Founded in 2017, Qu Capital has developed trading technology including exchange connectivity, order routing and advanced execution tools, and conducted quantitative research on the digital currency markets. Genesis facilitates trades for institutional investors and high net–worth individuals looking […]
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EBS Direct Gets a New Platform

EBS is replacing the platform for EBS Direct with one designed to provide enhanced capacity and speed, delivering roundtrip processing times below 50 microseconds. EBS says that the new platform, which is now live in beta-testing with clients, will feature faster market data and will provide greater certainty of execution and improved fill ratios. The […]
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JPM, SocGen, Invest in Wematch

JP Morgan and Societe Generale have invested in fintech firm, Wematch, a company that provides technology to augment how traders at banks match, negotiate and manage trades that are currently predominantly voice-traded, thus bringing, according to the firm, the audit and control benefits of electronic tools to voice trading, delivered as web-based software-as-a-service technology. Wematch says there are now […]
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Blockchain Firms Partner for FX Swaps Settlement

Fnality and Finteum are partnering to deliver a blockchain-based solution for settling FX swaps transactions. Finteum leverages R3’s Corda platform to create a global financial market for intraday liquidity. It aims to give market participants a shared data record of their orders and trades, meaning that settlement will not fail and it will be easier […]
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