FXall Sees Large Growth in Buy Side Algo Adoption

Refinitiv says that the adoption of execution algorithms by buy side traders on its FXall platform increased 41% year-over-year in the second quarter of 2019, following continued investment in the platform’s algo trading capabilities. This year, FXall introduced the ability for users to slice algo tickets into several “child” orders, giving them more flexibility to […]
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Tassat Partners with AlgoTrader

Tassat, a technology provider for traditional and digital asset markets formerly known as trueDigital, has partnered with AlgoTrader to provide institutional clients with its automated, quantitative trading software. This will include direct access to Tassat’s cryptocurrency derivatives that the firm says will soon be available on a regulated exchange. The first derivatives product that Tassat […]
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Etana Expands Liquidity Access

Etana Custody, a custody solution for fiat and digital assets that provided real-time electronic trade settlement in the digital space, is now offering users access to multiple exchanges and non-exchange liquidity providers from a single account. This news comes following the announcement from Kraken, a digital asset exchange, that its users will be able to […]
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BNP Paribas Unveil Digital Trading Assistant ALiX

BNP Paribas has formally unveiled ALiX (Alix), a digital trading assistant, as part of its upgraded Cortex Live single dealer platform – the product was first revealed in the Digital FX Awards in Profit & Loss in April. The bank says that Cortex Live responds to growing client demand for more intelligent execution methods, more transparency […]
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Zero Hash Launches Derivatives Settlement Service

Zero Hash, a digital asset and fiat currency custodian, calculation agent and settlement service, has begun supporting derivatives. Specifically, Zero Hash – which is owned by SeedCX – is now able to support all back office settlement functions for forwards, and the firm says that it will be expanding to options soon. The support of […]
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Bloomberg Launches Algo Analytics Service for FXGO

Bloomberg has released a new analytics hosting service for algorithmic orders on FXGO, with Goldman Sachs being the first liquidity provider to use it. The new algorithmic order service is available on FXGO’s execution manager, a Bloomberg Launchpad function that allows clients to manage their incoming orders and subsequently route them to liquidity providers. The […]
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Hex Trust Partners with TradAir

Hex Trust, an Asia-based digital assets custodian, has selected TradAir to provide its clients with the ability to trade digital assets directly from the Hex Safe custody platform. Using blockchain technology along with a team of seasoned bankers and engineers, Hex Trust has built a licensed and insured digital custody solution for institutions. The firm […]
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Two FXPBs Begin Offering Access to Spotex’s ECN

The FX prime brokerage businesses at JP Morgan and NatWest Markets are now providing access to Spotex’s institutional ECN. The prime brokers join as Spotex is seeking to expand its presence in the institutional FX market segment with the introduction of its new disclosed direct market access (DMA) liquidity pool offering, as well as other […]
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Is the Future of Finance Digital?

Back in 2013, when Profit & Loss first started writing about this new digital currency that was creating a buzz called “bitcoin”, most mainstream financial services firms wanted nothing to do with it. Yes, a few banks and other large firms were starting to put out some research papers about bitcoin, but this was generally […]
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TrueDigital Partners with Crux

TrueDigital, a provider of institutional-grade products to the crypto space, has announced a partnership with Crux Informatics (Crux), a cloud-based platform and managed service that provides data delivery and operations at scale. Through this partnership, trueDigital OTC cryptocurrency reference rates will be available to its institutional customers. These indices will provide the crypto community with […]
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