GCEX Partners with PrimeXM

GCEX, a digital asset and currency trading platform, has successfully integrated with PrimeXM’s XCore, a low-latency aggregation, risk management and reporting trading system. The PrimeXM partnership will allow participants of the XCore community to access GCEX liquidity. XCore is installed and managed by PrimeXM’s infrastructure in the LD4, NY4 and TY3 Equinix data centres. Lars […]
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Broadway Rolls Out New Functionality for FICC Platform

Broadway Technology has rolled out new functionality for repo trading on its FICC trading platform, introducing complete and automated workflows for trading, hedging and collateral management on a global scale. This functionality – called RepoTrader – aims to integrate and streamline the repo trading lifecycle for major institutions. It encompasses connectivity to multiple repo markets, […]
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HSBC Launches FX Flexpay for Global Payments

HSBC has launched a new service, FX Flexpay, which enables clients to make automated, international payments in more than 140 currencies, using a single API. FX Flexpay connects Global Disbursements – the bank’s system for cross-border, low value mass payments – with FX FlexRate, HSBC’s proprietary FX pricing technology that guarantees FX rates or offers […]
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Can Symbiont’s Blockchain Solution Change How FX Trades?

For many years, Symbiont deliberately avoided touching FX. But now, having partnered with Vanguard, it is building a decentralised network for FX trading that it claims could represent a major inflection point for the industry. Galen Stops reports. One thing that the team at Symbiont, a blockchain technology company founded in 2013, are adamant about […]
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TriOptima Sees 71% Increase in FX Forwards Compression

TriOptima saw a 71% increase in the gross notional value of FX forward contracts going into the triReduce CLS FX compression service last year. This means that $9.1 trillion was eliminated from counterparties’ FX forward portfolios in 2019, a new record for the service. In Q4 alone it compressed $4.9 trillion of gross notional value, […]
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TradAir Launches New Front-End Technology

Tradair announces the launch of a new front-end technology that is being applied across all of its platform user interfaces. This new front end includes modernisation that leverage the React framework while offering additional features for both the trading application and Business Intelligence (BI) solution. The React framework is a third-party javascript library, which includes […]
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AlgoTrader Completes Series A Funding Round

AlgoTrader, a Swiss-based firm offering algorithmic trading software solutions for quantitative hedge funds trading equities, FX, derivatives and cryptocurrencies, has completed a CHF 3.7 million ($3.81 million) round of financing from institutional investors. The firm says that this series A funding round was led by a global tier one bank, but is declining to disclose […]
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GCEX Partners with oneZero

GCEX, a digital asset exchange launched last year, has partnered with oneZero Financial Systems in order to offer its liquidity services to a wider client base. This partnership allows participants of oneZero’s EcoSystem access to GCEX liquidity, which includes cryptoassets and FX. The oneZero EcoSystem is a distribution channel of multi-asset class liquidity that encompasses […]
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BNP Paribas to Launch Singapore e-FX Hub

BNP Paribas has unveiled plans to launch an e-FX pricing and trading hub in Singapore, supporting the bank’s efforts in spot, forwards, swaps, NDFs and options markets as well as in precious and base metals. In 2017 the local regulator, the Monetary Authority of Singapore (MAS), established what it termed the city state’s Industry Transformation […]
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State Street Announces Digital Asset Pilot with Gemini

State Street has announced a new digital asset pilot in collaboration with Gemini Trust Company, a cryptocurrency exchange and custodian. The pilot is looking to combine Gemini’s custody services with State Street’s back office reporting. Initially, it will perform reporting scenarios on users’ cryptocurrency holdings within Gemini Custody, but it can be adapted to report […]
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