Bank Negara Malaysia has approved Refinitiv’s Matching and FXall platforms as electronic trading platforms under Malaysia’s new Framework for Electronic Trading Platforms. FXall will be offered in Malaysia under its approved money broker Refinitiv Transaction Services Malaysia Sdn Bhd. The announcement marks further progress for the firm, with Matching established in several Asian centres as the […]
Refinitiv’s FXall has made spread data from its platform directly available to clients, as part of the Trade Performance Analytics solution, to help buy-side traders navigate challenging FX market conditions in the wake of the COVID-19 crisis. The analytics assess historical trading performance and quantify transaction costs. The new addition, Refinitiv says, complements a suite […]
Refinitiv has announced it will donate 100% of brokerage fees from global AUD turnover for three full trading days from 9am Tuesday 4 February to 9am Friday 7 February (AEST) to a range of accredited Australian charities to support the volunteer firefighters and communities impacted by the recent bushfires in that country. This turnover is inclusive […]
FXall has added Crown Agents Bank (CAB) as a liquidity provider, enabling its users to trade more frontier currencies. CAB is a UK–regulated provider of wholesale FX and cross-border payments services across developing, emerging and frontier markets. With the addition of CAB, FXall users have an additional liquidity choice for trading deliverable frontier currencies, including […]
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 […]
I think it is fair to say that the London Stock Exchange Group was the dark horse in the chase to buy Refinitiv, after all, LSEG has a long and no-so-proud history when it comes to M&A – over the years it has been mentioned as a buyer of Icap, NEX Group and Deutsche Borse, […]
Tom Mullooly has joined order and execution management system provider Tora as head of US sales. He joins from TradingScreen where he spent just over two years as FX sales director for the US – prior to that he worked at BidFX and EBS, having joined the latter firm from an almost 14 year career […]
2018 was undoubtedly a transitional year for Refinitiv. In the first half of the year, the firm was finishing off big initiatives that were started in 2017 – although everything was all ready internally for the MiFID II deadline on January 3 there were subsequent client enhancement requests to work through, while Matching was re-platformed and moved into the Equinix LD4 data centre in London. Meanwhile, in the second half of the year, the focus shifted onto new initiatives: announcing plans to launch an analytics suite and making more algos available to clients on FXall. Of course, the obvious transition for the firm was being rebranded as Refinitiv from Thomson Reuters’ Financial & Risk (F&R) after a consortium led by private equity firm Blackstone agreed a deal to acquire 55% of the business.
Refinitiv has formally launched Trade Performance Analytics (TPA), the new analytics solution for users of FXall. “TPA empowers users to assess the quality of their historical execution, conduct like-for-like comparisons of liquidity providers, as well as make better informed trade planning decisions. Leveraging highly interactive data visualisation technology, this comprehensive analytics solution offers several analytics views that are available for immediate use, with the ability for users to customise their analysis using a wide range of filters,” says Refinitiv in a release announcing the launch today.
It may be his life-threatening illness (slight cold) but Colin Lambert is in punchy form in this week’s In the FICC of It podcast, so listen in as he and Galen Stops discuss a busy week in the FICC world.
Starting with the potential implications of Cboe’s agreement with UBS to help broaden the reach of its FX platform – and why Refinitiv might want to sit up and pay attention – they rampage through the multi-dealer platform world looking at how (if according to Lambert) platforms can differentiate themselves. Are these firms really taking the single dealer model and deploying it in a multi-dealer landscape? Will this work? What are the USPs of a single and multi-dealer platform?