And Finally…

Is it time to really start to get worried about the primary FX venues? I have written before about the decline in volumes at these venues but one could be forgiven for thinking the decline is now becoming a little precipitate. Both Refinitiv and EBS reported their lowest spot ADV since they started reporting (so […]
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EBS, Refinitiv Hit New Low as Primary Venues Confirm Downbeat November

Following downbeat reports from other venues earlier this week, the primary FX venues have also released weak volume data for November, with all three of CME, EBS and Refinitiv Matching reporting their lowest ADV for the year to date – the latter two platforms actually hitting their lowest ADV since they started reporting data over […]
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Instinet Launches FX Platform

Instinet has signalled a push into the FX industry with the launch of Newport FX, an agency-model spot e-FX platform. The new platform is a web-based desktop application that can be accessed through the firm’s Newport EMS, direct FIX API, or on a stand-alone basis. Instinet says Newport FX was designed to give its clients transparent […]
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Platform Volumes Suggest November Slowdown

Trading activity was down last month across the first set of FX trading platforms to publicly report their volumes. FXSpotStream reported an average daily volume (ADV) of $31 billion on its platform for November, down 7.2% from $33.4 billion the previous month and down 12.9% year-on-year. Cboe FX had an ADV of $28.5 billion last […]
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24 Exchange Goes Live

24 Exchange, a new offshore OTC trading platform launched by former FastMatch founder and CEO, Dmitri Galinov, is now live and open for trading. The first product available for trading is FX NDFs, although in a release issued today, 24 Exchange says that it expects to soon begin offering trading in additional FX derivatives and […]
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LMAX Digital Begins Publishing Daily Volumes

LMAX Digital, the spot cryptocurrency exchange owned by LMAX Exchange Group, has started publishing its daily trading spot volumes on the exchange’s website. The firm says that its decision to start publishing its volumes will add greater transparency around real spot volumes traded daily in the industry. The volumes represent all trades based on credit […]
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360T Begins Offering Streaming NDFs

360T has announced the completion of the first trade in streaming NDFs. Launched via the 360TGTX platform, the new streaming service has been designed to complement 360T’s disclosed ‘Request for Stream’ offering and the firm says it is a response to market demand for an alternative hedging venue. It supports both disclosed and anonymous trading […]
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Spotex Adds INTL FCStone as Prime-of-Prime

Spotex has signed INTL FCStone to provide prime services enabling clients to access the firm’s ECN. The addition comes as Spotex is launching a slate of new products and services to the brokerage and fund manager market segments. “We are excited about the opportunity to offer Spotex as an additional ECN within our prime of […]
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Former EBS Head Jeffery Takes the Chair at Wematch

Wematch, the multi-asset-class, Web-based matching and negotiation platform, has appointed Jack Jeffery as chairman of its Board. With more than 35 years’ experience in financial markets, Jeffery was previously CEO at electronic fixed income platform MTS, prior to which he served at CEO of FX ECN EBS. He also served 11 years at Citigroup, where he […]
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Primary FX Venues See Volume Drop in October

The primary FX trading venues all saw a decline in activity in October. CME Group says it handled 804,000 FX contracts on its futures and options suite for a notional value of $74.6 billion – this is an 11% decline from October 2018 and a 24.1% decline from September’s roll month. CME’s EBS also saw […]
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