First Derivatives, a global software and consulting company, has appointed Kathy Schneider as chief marketing officer reporting directly to CEO Seamus Keating. Schneider will have global responsibility for marketing strategy, including brand, demand generation and communications. In this role, she will drive the company’s global “go-to-market” approach and brand strategy to support First Derivatives’ growth […]
Kx, a division of First Derivatives, has been selected by Sumitomo Mitsui Banking Corporation (SMBC) to build and manage its next generation e-FX platform. Under a multi-year agreement, Kx will provide SMBC and its clients with a solution that delivers electronic execution, distribution capabilities, algorithmic trading and risk management supported by real-time pre– and post-trade […]
Thomson Reuters has launched RTS 27 Now, something the firm says is a targeted reporting solution that leverages its Velocity Analytics platform to help banks that have newly registered as Systematic Internalisers under MiFID II complete their first regulatory report.
Under the MiFID II Systematic Internaliser (SI) regime, banks had to register with their national competent authorities as SIs by the end of August based on whether their trading activity exceeded levels set across different instruments by ESMA on August 1.
Kx Systems has announced that its Kx for Flow electronic trading platform has been extended to support the trading of cryptocurrencies.
Kx for Flow is an HTML5 white label foreign exchange trading platform offering users the ability to create bespoke liquidity pools and distribute price information to clients and markets.
Flow offers direct access to liquidity sources including market-making banks, non-banks and ECNs providing pricing and execution for FX, NDFs, precious metals, CFDs, and now cryptocurrencies. Initial coverage will enable spot trading of bitcoin, ethereum, bitcoin cash, litecoin and ripple.
R5 has implemented Kx technology to power R5-SHCH Connect, a new service that links banks in China with London’s FX market.
UK Prime Minister Theresa May announced the launch of R5-SHCH Connect during a state visit to China on February 2.
Kx for Flow is an established eFX trading platform, which combines order management, trade execution, risk management, transaction analytics and alerts management. This provides R5 and its clients with electronic execution and effective risk management with the benefits of being on a centrally cleared platform. Kx for Flow is built upon the kdb+ database platform.
Two and a half years on from acquiring Molten Markets, EBS is beginning to claim some tangible traction amongst the asset management community.
When Molten Markets, founded in 2012 by State Street alumni, was acquired by then-EBS-BrokerTec in 2015, there was a clear logic to both sides of the deal. For EBS, the move was part of a broader strategy to diversify the brokerage’s existing client base, while for Molten Markets being part of a larger, more established company with superior financial resources made its platform a more attractive proposition for the asset managers that it was targeting.
However, while the logic was clear from the start, progress in getting asset managers live on the platform, now branded EBS Institutional (EBSI), has been slow.
LMAX Global, the Financial Conduct Authority (FCA) regulated broker for FX and part of the LMAX Exchange Group has announced that its global liquidity has been added to the Kx trading platform, Kx for Flow.
Institutional clients and brokers, using the Kx for Flow trading UI, will now have access to the broker’s liquidity, spreads and execution with no ‘last look’ as standard.
Rob Brown, international development executive at LMAX Global comments: “We are very pleased to announce the partnership with Kx. The link will offer more institutional clients an enhanced trading experience – delivered through the combination of Kx for Flow leading technology and direct access to trade through LMAX Global on the central limit order book with streaming firm liquidity from top tier banks and proprietary trading firms.”
Kx, a division of First Derivatives, hired Richard Kiel as global head of forex solutions, based in New York.
Kiel is responsible for growing Kx’s FX platforms business including trading, aggregation, price distribution, smart order routing, and pre- and post-trade data analytics and reporting. He reports to Pat Brazel, Kx chief commercial officer.
Kiel joins from UBS Asset Management, where he was head of global risk solutions responsible for risk advisory, while overseeing the firm’s proprietary multi-asset global risk system.