Stater Joins oneZero’s Ecosystem

Stater Global Markets (SGM), the London-based prime-of-prime brokerage, has joined oneZero’s EcoSystem network.This means that SGM will be able to extend the distribution of its FX and CFD liquidity to oneZero’s network. The firm has co-located with oneZero in LD4, with cross connections now in place to provide liquidity to oneZero’s institutional clients.Ramy Soliman, CEO of SGM, comments: “Being part of oneZero’s EcoSystem and offering our multi-asset liquidity to their bank, broker and hedge fund client base is a key part of our global growth strategy. In particular, the strength of oneZero in key regions such as Australia and Cyprus fits well with our growth objectives. oneZero’s market reach and robust infrastructure combined with our customisable, high quality liquidity make this an ideal partnership.”
Read More »

Bcause to Adopt Nasdaq Technology

Bcause, which operates a digital mining facility, and a cryptoasset spot market, derivatives exchange and clearing house, has announced that its markets will operate on Nasdaq’s matching engine, clearing and market surveillance technology.The technology is expected to go live in the first half of this year with the launch of the new Bcause spot cryptocurrency market.In addition, Bcause has filed with the US Commodity Futures Trading Commission to become a designated contract market (DCM) and to establish a derivatives clearing organisation (DCO).
Read More »

Capitolis Adds Firms to FX Novation Service

Capitolis, a technology provider for the capital markets, announces today that the number of participants on Capitolis Novation has grown to more than 20 bank and non-bank customers. As well as previously announced Citi, HSBC, BlueCrest and Brevan Howard, other market participants including Deutsche Bank, Standard Chartered, Nomura and Societe Generale are collaborating with Capitolis on the service, which Capitolis says is the first of its kind in FX. The platform is now fully live and processing the novation of FX options contracts amongst multiple participants. Additional functionalities and other balance sheet reduction models are currently being tested and rolled out including bilateral option novation and forwards and swaps novation.
Read More »

QuantHouse Makes FastMatch Tape Available via API

QuantHouse announced that the FastMatch consolidated central market dataproduct, the FX Tape, is now available on its API Ecosystem store.QuantHouse is an independent provider of systematic trading solutions, including market data services, an algo trading platform and infrastructure solutions. QuantHouse says that more than 300 buy side firms and investment banks are connected to its API Ecosystem, which enables access solutions provided by buy and sell side firms, execution venues and technology partners. As QuantHouse manages the API, customers can access services quickly and efficiently, simply by ‘plugging-in’.FastMatch’s FX Tape includes transactions from a range of market participants and sources, including FastMatch’s ECN, delivering a reference point for executed trades in the spot FX market.
Read More »

Ideal Prediction Adds Scope to Product Roster

Analytics and data science company Ideal Prediction, has unveiled Scope, an automated monitoring service, which analyses the behaviours of voice traders and trading algorithms in line with the principles of the FX Global Code. The firm says Scope is already in production and automatically monitors order and trade activity, evidencing that humans and algorithms adhere to governance and risk controls. It specifically highlights potential issues like last look, spoofing, flashing, layering, order violations, limit breaches, and P&L flags, the company adds.
Read More »

OTCXN Partners with Digital Security Platform

Securitize, a Digital Security Offering (DSO) primary issuance and compliance platform and protocol, has announced a new strategic relationship with OTCXN, a blockchain-powered capital markets infrastructure company.OTCXN’s technology incorporates key blockchain functionality, providing cryptographically provable ownership of assets on custodial blockchain ledgers and pre-trade risk checks, with the aim of reducing risk over the traditional centralised systems based on post-trade settlement. As part of the new partnership announced today, the OTCXN platform will be available for integration with Securitize’s compliance platform for customers issuing digital securities.
Read More »

QuantHouse Adds Fenics US Treasuries

Trading solution provider QuantHouse has announced direct access to the BGC-owned Fenics US Treasuries platform through its FeedOS API and QuantLink network. Fenics provides buy-side participants with access to cash treasuries via two electronic marketplaces: a central limit order book designed for low latency quantitative and systematic traders and a block book designed for large institutional investors. The link up means that QuantHouse’s buy-side clients now have access to normalised real-time and historical data to trade the US cash treasuries market, something that was once the domain of the major dealers only.
Read More »

FX Options Streaming Added to KACE Platform

KACE, a division of Fenics Software, has released an update of its kACE Pro platform that will enable clients to stream FX options prices to internal and external clients, single-dealer platforms, execution venues and third party platforms.Richard Brunt, managing director, comments: "This new release allows our clients to stream FX options prices to internal users, sales teams, wealth managers, or directly to their clients. Our agnostic approach to front-end users means that our clients can distribute their prices via a wide range of channels and venues using a single kACE pricing and dealing engine. We have already successfully deployed this new release with several existing and new clients in Europe and have a strong pipeline to continue this rollout globally in the first quarter of 2019."
Read More »

LMAX Exchange Adds Credit Intermediation Solution

LMAX Exchange has announced the addition of a global credit intermediation solution for spot FX trading. The firm says the solution will benefit regional banks and mid-size financial institutions, who typically have limited bilateral credit relationships with larger global banks active in the institutional FX markets, by facilitating expedited access to LMAX Exchange’s central limit order book liquidity. BNP Paribas and JP Morgan are working with LMAX as credit intermediaries to facilitate spot FX transactions with institutional counterparties in line with individual client requirements.
Read More »