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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Refinitiv to Acquire Cloud-Based OMS Provider

Refinitiv is set to acquire AlphaDesk, a cloud-based order management system (OMS) that offers order and portfolio management, risk and compliance solutions for buy side clients. Refinitiv currently offers pre-trade data and analytics via its flagship financial platform Eikon, which is integrated with its execution management system (EMS) trading capabilities from REDI. AlphaDesk will add […]
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CME Brokertec Unveils Repo Solution

CME Brokertec has announced the launch of BrokerTec Quote, a new dealer-to-client RFQ  trading solution for the European Repo market. Launching in the second quarter of 2019 (subject to regulatory approval), BrokerTec Quote will provide market participants trading European Repo with a new, enhanced RFQ capability, providing what the firm says will be “a more […]
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Cboe FX Launches One-to-One Execution Solution

Cboe FX has launched a new solution called Cboe FX Point, which allows clients to manage one-to-one trading relationships utilising the platform’s technology, infrastructure and settlement relationships. Noting that liquidity provision in the FX market is “deeply fragmented” right now, with institutions conducting their trading activity with a range of different counterparties across a variety […]
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Seed CX Extends Trading Hours

Seed CX’s digital asset exchange (SXCM) is now open 22 hours a day, five days a week. The firm plans to move to 23/7 trading in the near futures, and says that the goal of SCXM’s extended hours is to “provide global traders with greater flexibility for trading”, giving market participants the ability to buy […]
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CFH Clearing Launches Single Stock CFDs

CFH Clearing is now offering trading in single stock CFDs for retail brokers and high net worth individuals. CFH Clearing, TradeTech Group’s liquidity provider and prime-of-prime, will allow the single stock CFDs to be traded via all existing trading platforms and distribution channels, including MT4, MT5 and FIX API. The CFDs can also be fully […]
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IS Prime Extends Liquidity Partnership with Integral

IS Prime has extended its multi-asset liquidity distribution through a partnership with Integral. IS Prime’s FX and index swaps liquidity is now available through Integral’s OCX platform. Index swaps are IS Prime’s proprietary product, delivering pricing and execution on indices and commodities globally. “IS Prime is an exciting addition to the Integral OCX marketplace and […]
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Primary Venues Hit Lows; Confirm April FX Slowdown

Data from three primary venues in the FX market confirms numbers from last week suggesting that turnover in April slumped, with one reporting an all-time low in activity and two others the quietest month since 2016. Refinitiv reports average daily volume of $81 billion across its FX spot offerings, a 16.5% drop from March and […]
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