Aggregation Putting ECNs on the Spot: Greenwich Survey

A new report from Greenwich Associates says that FX market participants are spurning anonymous trading on ECNs in favour of disclosed, bilateral trades executed through a variety of channels – as well as a growing share of business done through so-called “API aggregators” that could eventually emerge as a challenger to the market’s biggest execution […]
Read More »

Digital Vega Adds Three

FX options trading solutions provider Digital Vega has announced three appointments to its business to support ongoing product development and business expansion, with the hires of Simon Nursey, Asa Attwell and Laura Winkler. Nursey has been appointed head of Asia and joins from Standard Chartered Bank, where he was head of FX options trading in […]
Read More »

Primary FX Venues See Volume Drop

The primary FX venues have reported a year-on-year decline in spot FX volume, however the news was slightly more positive on a month-on-month basis. CME Group says that it handled notional value of $102.7 billion per day in September, an 8.3% decline from September 2018 but a 29.3% increase from August 2019 – reflecting September’s […]
Read More »

Platforms Report Mixed Results for September

There’s been little by way of discernable trends amongst the trading volumes reported for September by the first set of FX trading platforms to do so publicly. Cboe FX reported an average daily volume (ADV) of $30.4 billion for September, down 8.2% from the $33.1 billion it reported in August and down 15% from the […]
Read More »

EBS Direct Gets a New Platform

EBS is replacing the platform for EBS Direct with one designed to provide enhanced capacity and speed, delivering roundtrip processing times below 50 microseconds. EBS says that the new platform, which is now live in beta-testing with clients, will feature faster market data and will provide greater certainty of execution and improved fill ratios. The […]
Read More »

EBS Direct Targets a Broader Client Base with Platform Rebuild

As CME Group prepares to announce the launch of a new platform for EBS Direct, Galen Stops has the exclusive interview with Jeff Ward, global head of EBS, about what the platform will offer and how trading venues can differentiate themselves in an increasingly data-driven environment. Galen Stops: Why did you decide that it was […]
Read More »

FXall Sees Large Growth in Buy Side Algo Adoption

Refinitiv says that the adoption of execution algorithms by buy side traders on its FXall platform increased 41% year-over-year in the second quarter of 2019, following continued investment in the platform’s algo trading capabilities. This year, FXall introduced the ability for users to slice algo tickets into several “child” orders, giving them more flexibility to […]
Read More »

BidFX Adds Jump as LP

Execution management system provider BidFX has announced the addition of non-bank market making firm Jump Liquidity to its ranks of liquidity providers. “With the rapid expansion of BidFX we are happy to see Jump Liquidity join our EMS in response to high client demand,” says BidFX CRO, John McGrath. “Their tailored liquidity will enrich the […]
Read More »

Primary Venues See Volume Rise in August

After a desperate July there was better news for the primary FX trading venues in August with all seeing an increase in activity. CME Group says that it handled an average of 821,000 contracts in its FX futures and options product suite, which Profit & Loss estimates to represent around $81.2 billion in notional terms. […]
Read More »

Two FXPBs Begin Offering Access to Spotex’s ECN

The FX prime brokerage businesses at JP Morgan and NatWest Markets are now providing access to Spotex’s institutional ECN. The prime brokers join as Spotex is seeking to expand its presence in the institutional FX market segment with the introduction of its new disclosed direct market access (DMA) liquidity pool offering, as well as other […]
Read More »
1 2 3 4 5 6 7 8 9