And Another Thing…

Monday’s column – predicably I have to say – prompted no little chatter on my communication channels, it’s always that way when I write about the primary venues, and amongst the always interesting conversations was an idea or two about why the April and May data were so awful, and the suggestion of a scenario […]
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INTL FC Stone Adds NDFs on Integral

INTL FCStone has begun trading NDFs on Integral’s BankFX Platform – the firm says NDFs were added in order to meet growing client demand and will be supported by Integral’s new streaming NDF workflow, along with its established Request for Stream functionality. Initially, the firm will support the Brazilian real (BRL), the Chilean peso (CLP), […]
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FXall Adds Spreads to Trade Performance Analytics

Refinitiv’s FXall has made spread data from its platform directly available to clients, as part of the Trade Performance Analytics solution, to help buy-side traders navigate challenging FX market conditions in the wake of the COVID-19 crisis. The analytics assess historical trading performance and quantify transaction costs. The new addition, Refinitiv says, complements a suite […]
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And Finally…

So, do we need to talk about the primary venues? The ADV data from CME Group (which obviously includes EBS) and Refinitiv makes for pretty grim reading with the latter two reporting the lowest daily turnover since they started publishing data in 2007 and 2009 respectively, and the former being in the fifties of billions […]
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New ADV Lows for FX Primary Venues

May saw average daily volume on both EBS and Refinitiv’s spot platforms fall back further from April, with both reporting their lowest ADV since they started reporting data in January 2007 and April 2009 respectively. CME Group, which owns EBS, says spot ADV was $56.7 billion in May, a 6.7% decline from April and 27.7% […]
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LMAX Opens Weekend FX Trading Service

LMAX Group has launched Weekend FX a service to allow clients to trade during those hours in which the FX market is closed, from 17:05 EST on Friday to 17:00 EST Sunday. The service will be available through LMAX Global, the group’s UK-regulated broker and will support cash-settled CFD (contracts for difference), which are non-fungible […]
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Digital Vega Rolls Out Hydra Exotics

FX Options multi-dealer platform provider Digital Vega has rolled out a new exotics platform as it seeks to eat into the dominant share of this market held by the bank single dealer platform. To date, developments in the FX options multi-dealer world have been limited to vanilla products, such as those supported by Digital Vega’s […]
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Refinitiv Launches New FX Swaps API Solution

Supporting the ongoing shift in the FX markets to trade more volume in FX swaps electronically, Refinitiv says it has launched the forwards Matching API solution, enabling automated access to the firm’s forwards Matching MTF venue, which currently trades well in excess of $300 billion daily. Noting the “strong market demand” to move to trade […]
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FX Volume Recovers Slightly in May

After a largely expected pull back from the heights on March in April, the first group of FX platforms to report average daily volume (ADV) for May indicate that there was, with one exception, a small increase in trading. FXSpotStream reports ADV of $36.1 billion for May, a 6.3% increase on April and up 3.5% […]
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24 Exchange Names Directors, Advisory Board Members

24 Exchange has announced the appointment of Tim Cartledge and Steve Resnick to the its Board of Directors, bringing its membership to five. In addition, the company has created a Board of Advisors and appointed Jose Marques and Marty Pompadur as its first two members. Cartledge has held directorships at BrokerTec, NEX SEF and EBS, the primary trading venues for the US Treasury and […]
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