Tag: CME

CME

And Another Thing…

I received quite a lot of feedback from the story we ran earlier this week about Goldman Sachs launching an FX swaps ‘axe’ GUI, and while the sample may be skewed by the type of people I talk to, who typically are in the ‘e’ business, it did seem to signify a growing sense in […]

Primary FX Venues See Volume Drop

The primary spot FX venues had mixed fortunes in July, with Refinitiv Matching and EBS decreasing and CME offering mixed news. Refinitiv says spot average daily volume (ADV) was $74 billion in July, a 10.8% decrease from June as well as 7.5% drop from July 2019. It was the platform’s equal quietest month of the […]

In the FICC of It

In this week’s podcast, Colin Lambert casts his eye over a new challenge facing Refinitiv Benchmarks over the London 4pm Fix – something he confesses to not have even considered in the past, and then gives his thoughts on a small, but potentially important change at CME Group on its FX Link service. He is […]

CME Rolls Out C-Cross for FX Link

CME Group is to roll out its Committed Cross (C-Cross) functionality to FX Link. Subject to regulatory approvals the change is due to go live on July 27 meaning FX market participants will be able to communicate pre-execution to agree details of a transaction, including size, price and direction. Unlike block trades which are negotiated […]

Firms Partner to Aid CME TR Migration

Compliance technology and data analytics firm SteelEye, and the London Stock Exchange Group’s regulatory reporting platform UnaVista, have announced a partnership to support financial firms with reporting services as they migrate from CME’s European Trade Repository (TR) and NEX Abide regulatory reporting services, which will close in November 2020. SteelEye has been a technical router into UnaVista’s […]

And Finally…

So, do we need to talk about the primary venues? The ADV data from CME Group (which obviously includes EBS) and Refinitiv makes for pretty grim reading with the latter two reporting the lowest daily turnover since they started publishing data in 2007 and 2009 respectively, and the former being in the fifties of billions […]

New ADV Lows for FX Primary Venues

May saw average daily volume on both EBS and Refinitiv’s spot platforms fall back further from April, with both reporting their lowest ADV since they started reporting data in January 2007 and April 2009 respectively. CME Group, which owns EBS, says spot ADV was $56.7 billion in May, a 6.7% decline from April and 27.7% […]

CME Reports Uptick in Bitcoin Trading Ahead of Halving

CME Bitcoin futures and options have seen a ramp-up in trading activity ahead of this week’s halving. Year-to-date, Bitcoin futures average daily volume (ADV) reached 8,456 contracts (42,280 equivalent of bitcoin), up 43% compared to the same period in 2019. Options on Bitcoin futures total volume is now over 2,250 contracts and a record 216 contracts […]

CME Auctions Ronin’s Assets

CME Group Friday confirmed that, pursuant to its rules, CME Clearing auctioned off portfolios of Ronin, LLC when it could no longer meet capital requirements. Though Ronin is a direct clearing member, it does not handle customer business, so no clients were impacted by the auction, CME stated. Ronin Capital was a global, multi-strategy proprietary […]