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 »

FXSpotStream Hits New Peak; Integral Rises

FXSpotStream has recovered from its dip in July to post a new peak for average daily FX volume (ADV) on its platform in August. The firm says it handled ADV of $43.25 billion, just higher than the previous high water mark set in June. This represents a 19.2% increase from July and a 52.5% increase […]
Read More »

EuronextFX Hits New High for the Year as FX Volumes Rebound in August

The rising heat around the trade war and general volatility in exchange rates saw CboeFX and Euronext FX volumes rebound strongly from a poor July. CboeFX says it handled $33.1 billion in spot volume per day in August, a 20.3% gain from July and fully reversing the drop in that month from July. Year-on-year, CboeFX […]
Read More »

MarketAxess Acquires LiquidityEdge

The fixed income trading platform space has started to consolidate with news that MarketAxess is buying US Treasury trading platform LiquidityEdge for $150 million. Established in 2015, LiquidityEdge offers a bespoke trading ecosystem to connect a community of dealers, market-makers and institutional investors to trade in the $500 billion average-daily-volume US Treasury market. The firm claims that […]
Read More »

Primary FX Venues Suffer Steep Drops in July

Three primary trading venues in the FX market saw volumes decline sharply in July, to reinforce last week’s reported drops from other platforms. CME Group says its EBS platform handled average daily volume (ADV) of $67.6 billion, a 21.4% decline from June and 17.5% down year-on-year – only April of this year was quieter. In […]
Read More »

USD/CNH Volumes Surge on SGX Amidst Trade War

Having recorded a new record high trading volume of $7.5 billion notional in its USD/CNH futures on Friday, August 2, SGX saw a 38% increase in volumes as trading resumed on Monday, August 5. The initial surge in trading was precipitated by a tweet from US president, Donald Trump, that his administration plans to impose […]
Read More »

LSEG and Refinitiv: Deal of the Century or Disaster Waiting to Happen?

Galen Stops gives his take on the five key questions to be asking following the announcement of LSEG’s proposed acquisition of Refinitiv. The news that London Stock Exchange Group (LSEG) is set to acquire Refinitiv in a deal worth $27 billion certainly caused a lot of excitement and intrigue within the financial services industry when […]
Read More »

FX Platform Volumes Drop in July

The first group of FX platforms to report average daily turnover (ADV) for July indicate that volume in the market dropped sharply from June, however year-on-year data was slightly better. FXSpotStream reports ADV of $36.3 billion in all FX products, a 14.2% drop from June but a very healthy 31% increase from July 2018, while […]
Read More »

Refinitiv Shareholders Approve Acquisition by LSEG

Refinitiv, one of the world’s largest providers of financial markets data and infrastructure, today announces that its shareholders have agreed definitive terms with the London Stock Exchange Group plc (LSEG) under which LSEG will acquire Refinitiv in an all share transaction for a total enterprise value of approximately US$27 billion. According to a news release […]
Read More »

LMAX Reports Strong H1 Results

LMAX Exchange Group has reported strong revenue growth and increased volumes across its platforms achieving record first half results. The group says gross profit of US$25.8 million is up 27% from H1 2018, with statutory EBITDA of US$11.3m, up 50% from H1 2018 . Its EBITDA margin was 44%, up 7% from H1 2018 and […]
Read More »
1 2 3 4 5 8 9 10 11 12