Allan Guild has left HSBC after six years, most latterly he was global head of FX and commodities execution in the bank’s Global Banking and Markets Division. During his time at HSBC, Guild was also COO of the FX options business, global head of the middle office as well as of HSBC’s FX and commodities […]
Tag: market infrastructure
David Puth, now a strategic advisor at R3, makes the case that the FX industry’s ability to constantly evolve makes it unique amongst financial markets. Profit & Loss: As you look back over the past 20 years of FX, what stands out in your mind with regards to the evolution of this market? David Puth: […]
IHS Markit has announced that MarkitSERV will now offer integration with BidFX, an execution management system (EMS), for straight through post-trade processing of FX trades.
In working with BidFX and other FX trading venues on its network, MarkitSERV aims to deliver a comprehensive, flexible straight through processing (STP) solution for FX trading, which includes a hosted service to disseminate trades from execution venues to clients’ internal trade capture and risk systems. The low latency service is designed to eliminate manual trade booking and provides real-time trade notification, position and P&L updates, confirmation of dealt trades, and enhanced operation and risk control.
CLS Group has completed its project to upgrade its settlement members to a new member gateway and market infrastructure (MI) channel.
CLS’s settlement members include 66 of the world’s largest financial institutions, which are direct participants in CLS. Over 21,000 third-party clients around the world also access CLS’s services indirectly through settlement members
The group says that it worked with each of its settlement members, as well as Swift, to build and integrate a new member gateway into each bank’s core architecture.