The primary FX trading venues all saw a decline in activity in October. CME Group says it handled 804,000 FX contracts on its futures and options suite for a notional value of $74.6 billion – this is an 11% decline from October 2018 and a 24.1% decline from September’s roll month. CME’s EBS also saw […]
Tag: Integral Development
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 […]
Gavin Bambury has been named CEO of Oanda. Based in London, he will also serve as a director on the Oanda Global Corporation Board. With more than 25 years’ experience in the financial technology and trading sector, Bambury has worked in a variety of leadership roles including Citibank and Deutsche Bank and joins after less […]
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 […]
FXSpotStream has reported average daily volume across FX products of $42.25 billion in June, a new peak for the service and beating the previous high, set in January of this year, by 10%. The platform says it hit a new daily high on June 20 at $52.5 billion and handled the largest gross monthly flow […]
The three primary FX venues to report average daily volume (ADV) data have reinforced data from a second group that activity in the market was low in February.
Refinitv says it handled $87 billion in spot ADV in February, down 8.4% from January and down 23% from February 2018, while CME Group says both its futures and EBS businesses saw similar declines.
CME Group reports ADV in futures and options contracts of 762,000, which Profit & Loss estimates to be notional volume of $75.4 billion. This is a 9.2% drop month-on-month but down 30% year-on-year.
Integral development Corp has announced a partnership with Moscow Exchange (Moex). Under the deal, through its Open Currency Exchange (OCX), Integral will deliver access to liquidity, higher performance, and lower latency to Moex customers, and Moex will now provide liquidity to the Integral network.
“[Moex] are the dominant exchange in the Russian FX market, and by using the Integral platform, they will be able to offer the best aggregation and deepest liquidity to their clients,” says Harpal Sandhu, CEO of Integral. “Moex will also become a price provider to the Integral network, thereby further enriching the liquidity in OCX.”
The second group of venues to report data indicate a similar pattern to the first, with NEX Markets and CME Group up month-on-month and Integral down – all were up on a year-on-year basis.
NEX Markets says average daily volume (ADV) in spot FX was $84.7 billion, up 3.4% from July and up 2% from August 2017. CME Group says it handled an average of 813,113 contracts in its FX futures and 69,803 in its FX options product set. Profit & Loss estimates this to represent around $87.4 billion in total notional value.
Integral Development, meanwhile, reports ADV in all FX products, spot, forwards and swaps, to be $33.5 billion.
Integral Development Corp says it is extending its market data offering for cryptocurrencies to include 14 major cryptocurrencies connecting to “all major exchange sources across the US, Europe and Asia including Japan and Hong Kong”.
“An accurate, stable, and reliable reference price is a requirement for any market maker,” says Harpal Sandhu, CEO of Integral. “The Cryptocurrency Market Data Service connects to the most price sources and applies the most advanced price discovery algorithm available.”Integral says the new data service uses algorithms developed with Stanford University.
A new survey by trading technology provider Integral Development Corp finds that FX market participants face a race against the clock to be fully prepared for MiFID II.
In a global poll of 282 market participants last week the firm found that only 18% claimed their FX business was completely set for January 3, while one third saud they were only half ready how the requirements, which include demonstrating best execution to clients and increased reporting, will affect currency trading.