BME to Launch FX Futures

Bolsas y Mercados Españoles’ (BME) is set to launch FX futures contracts on its derivatives platform, MEFF. The new product, called FX Rolling Spot Future (xRolling FX), will be available for trading on June 21st. This launch comes at a time when BME claims it is working on several initiatives to increase its presence in […]
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Swift Calls for Greater Industry Standardisation

Swift has issued a report arguing in favour of greater standardisation of messaging within the FX market, claiming that this will in turn cause greater automation and improve efficiency. In the report, Swift notes that the sheer volume of FX transactions that occur daily makes automation in this market challenging. “With millions of confirmation messages […]
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Edgewater Launches Equity Offering for Crypto Spin-Off

Edgewater Markets has launched an equity offering for its new crypto-focused spin-off, Edgewater Digital Technologies (EDT). EDT plans to launch a digital asset trading platform – Crypto Prime Trader – later this year, and to help accelerate its development and launch, Edgewater is offering up to $25 million of preferred equity in a private placement. […]
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Kooltra Targets Brokers with Cloud-Based Solution

Kooltra has launched a new platform, called FXCore, which designed to fast-track the entry of new broker participants into the FX market. In a release issued today Kooltra, which provides an integrated back and middle office SaaS system for institutional customers, says the platform will advance back office technology for FX trading which, it says, […]
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CLS Volumes Flat in May

The average daily volume (ADV) of FX trades submitted to CLS in May was $1.62 trillion, marginally down from the $1.63 trillion it reported in April. The ADV of FX swaps submitted to CLS in May was $1.19 trillion, down 4.14% month-on-month and down 5.3% year-on-year. The ADV of FX forwards trades submitted to CLS […]
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Report: Regulation to Drive FX Options Towards Exchanges

A new report from Greenwich Associates argues that the incoming Uncleared Margin Rules (UMR) will fundamentally change the economics of OTC FX options trading to a point where buy side firms will increasingly trade these products on listed exchanges. “Historically, most FX options trading was done over the counter, but UMR has the potential to […]
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Primary Venues See FX Uptick in May

Data from three primary FX venues has confirmed earlier releases from platforms indicating that while spot FX activity rebounded in May from a poor April, it remains lower around 20-25% lower year-on-year. Refinitiv says its platforms handled $86 billion per day in May, up 6.2% from April but down 19.6% from May 2018 and it […]
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LMAX Digital Hits Volume Milestone

LMAX Digital, a regulated institutional crypto currency exchange and part of the LMAX Exchange Group, has announced it reached record trading volumes during the month of May. A record $5 billion was traded on LMAX Digital in the month, with a record high of over $400 million in daily spot volumes achieved on 12 May […]
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Platform Volumes Increase After April Dip

The average daily volumes (ADV) on Cboe FX, FXSpotStream and Euronext FX all increased in May, up 4.9%, 9.1% and 7.6%, respectively, compared to April. The ADV on Cboe FX was $33.1 billion in May, up from $31.5 in April, but still down from $40.9 billion in May of last year. The ADV traded on […]
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Not So Fast: A Look at Eurex’s New Latency Mechanism

Galen Stops takes a closer look at the new latency mechanism being introduced to FX and certain equity options products by Eurex, in a bid to improve the order book. Speed bumps seem to be the topic de jour in the listed derivatives markets just now, with the Intercontinental Exchange (ICE) winning approval to implement […]
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