FX Volumes Decline in July

The first group of platforms to report average daily volume (ADV) for July in spot FX indicate there was a pullback from June – with two reporting their second quietest month of the year to date. CboeFX reports ADV of $30 billion in July, a 13.3% decline from June, but a 9.1% year-on-year increase – […]
Read More »

And Finally…

Another week, another move by a player in the FX CLOB space, this time from a primary venue in EBS. Albeit the actual changeover is still 18 months away, but what are we to make of the new matching model at what remains one of the platforms of record in spot FX? Probably the biggest […]
Read More »

EBS Plans Matching Engine Changes as Part of Migration to Globex

EBS is planning to change how clients match on its EBS Market platform as part of a planned migration to CME Globex, including a new matching engine infrastructure. The firm, which was bought by CME Group in 2018, is in the throes of migrating its fixed income BrokerTec platform to Globex later this year and […]
Read More »

LMAX Group Reports Record Half Year

LMAX Group has reported record results for the first half of 2020, turning in a gross profit of $28.9 million, up 10% from the same period in 2019, statutory EBITDA of $13.5 million (up 13%) and an EBITDA margin of 47%. For 2019 as a whole, the group reported gross profit of $56.3 million and […]
Read More »

And Finally…

I’ve been pondering not only the decline in volumes at the primary FX venues, but also what seems to be a struggle on the part of any anonymous venue to really build numbers, and have come to the conclusion that while the slippery slope may not get any steeper, I don’t see many opportunities for […]
Read More »

The Translation Layer In FX

Sponsored content – David Holcombe, Product Lead for FX Futures and Clearing at 360T discusses breaking down the remaining barriers between OTC and Listed FX markets Recently there have been some well-publicised attempts by exchange groups to bridge the gap between OTC and Listed FX trading, however, these efforts have been lacking something crucial: a […]
Read More »

Mixed Data from Primary FX Venues

The three primary FX venues have all followed the first group of platforms to report average daily volume (ADV) with a month-on-month rise, however unlike the latter, year-on-year turnover is lower. EBS, which is owned by CME Group, reports ADV of $69.3 billion in June, a 22.2% rebound from the horrible May data, but still […]
Read More »

Trad-X Adds Two to IRD CLOB

Interest rate derivative trading platform Trad-X has added UniСredit as a dealer and Actiam as a non-dealer to its dealer-to-client (D2C) electronic central limit order book (CLOB), highlighting, the firm claims, the growing momentum behind the model in Europe UniCredit will join existing dealers JP Morgan, BNP Paribas and Commerzbank in providing liquidity to non-dealers. […]
Read More »

Volume Data Indicates Decent June for Platforms

The first group of FX average daily volume data indicates that platforms has a decent end to the first half of 2020, registering their third highest numbers of 2020. FXSpotStream reports ADV of $43.3 billion in June, the platform’s third highest this year, indeed in its history. This represents volume is all FX products and […]
Read More »

And Finally…

This week sees yet another change in the platform world with, as discussed during our first Dial-in Day in April, Refinitiv Matching releasing a 5ms data stream, bringing it in line with the top feed at EBS Market. This is the latest in a mini-rush of changes at ECN/platform level, following Euronext FX’s change to […]
Read More »
1 2 3 4 5 17 18 19 20 21