Tag: CME

CME

FXPB: It’s Been a Bumpy Road

Galen Stops charts the ups and downs of FX prime brokerage over the past 20 years and looks at how this segment of the market might be ripe for innovation going forward. Ask anyone who has been around in the FX market for the past 20 years to list the key developments that have shaped […]

And Another Thing…

I am struggling to find someone who was not surprised by the BIS data on Monday, I think most of us who study the FX committee semi-annual data closely expected somewhere around the $6 trillion mark, but obviously it blew through that by another 10%. This very much reflects the growth in emerging markets to […]

The 20 for 20 Countdown – Part Two

It’s been a busy 20 years since Profit & Loss launched. Colin Lambert and Galen Stops have picked out 20 key events or trends during that time and asked senior industry figures for their perspective on them – here’s numbers 15-11. 15. Last Look “Last look is a cancer at the heart of the foreign […]

What is the Truth About FX Market Liquidity?

Ask three different people in the FX market what liquidity conditions are like today and you might get three very different answers. For example, one person might argue that there is less liquidity in the market today as regulations have seriously hampered both the ability and willingness of many banks to hold significant risk. On […]

Gemini Added to CME Crypto Data

Gemini digital asset exchange data will be included in the CME CF Reference Rates and Real Time Indices for both Bitcoin and Ether from Friday August 30, the exchange has announced. The CME CF Bitcoin Reference Rate, is used to settle CME Bitcoin Futures, with cryptocurrency indices provider CF Benchmarks being the Administrator for the […]

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 […]

TriOptima in Record Compression Run on Eurex

CME Group’s TriOptima says it has reduced notional outstanding at Eurex Clearing by 26% following a record compression run on June 26, 2019. The latest run, which equates to $3.9 trillion worth of cleared euro interest rate swaps (IRS) and forward rate agreements (FRAs), represents a 143% increase on the previous record of $1.6 trillion. […]

Primary Venues See Volume Increase from May

Three primary FX trading venues saw increased month-on-month activity in June 2019, however as was the case with other platforms that reported earlier this month, they were all down year-on-year with the exception of Refinitiv’s non-spot FX products. The total average daily volume (ADV) of FX trading in all products across Refinitiv platforms in June totalled $452 […]

Analysing the Implications of Citi’s FXPB Cull

The news this week that Citi served a 90-day notice to the largest non-bank market making firms in FX – including Jump Trading, XTX Markets, Virtu Financial, HC Technologies and, at an earlier point in time, GTS – that it is no longer willing to offer them FX prime brokerage (PB) services, certainly got tongues […]

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 […]