Refinitiv has enhanced its data on China to meet demand from the global financial community for increased insight into Chinese trade and investment opportunities, by addingcomprehensive data from the China Foreign Exchange Trade System (CFETS), the main FX and fixed income venue for China, to its data platforms Elektron and Eikon. The firm says this […]
Data from three primary FX venues has confirmed earlier releases from platforms indicating that while spot FX activity rebounded in May from a poor April, it remains lower around 20-25% lower year-on-year. Refinitiv says its platforms handled $86 billion per day in May, up 6.2% from April but down 19.6% from May 2018 and it […]
Refinitiv is set to acquire AlphaDesk, a cloud-based order management system (OMS) that offers order and portfolio management, risk and compliance solutions for buy side clients. Refinitiv currently offers pre-trade data and analytics via its flagship financial platform Eikon, which is integrated with its execution management system (EMS) trading capabilities from REDI. AlphaDesk will add […]
Data from three primary venues in the FX market confirms numbers from last week suggesting that turnover in April slumped, with one reporting an all-time low in activity and two others the quietest month since 2016. Refinitiv reports average daily volume of $81 billion across its FX spot offerings, a 16.5% drop from March and […]
Refinitiv has been appointed as the official calculating agent for the Bank of Thailand’s official Thai Baht spot rate, forward points and implied swap rates. The new transactions-based benchmark succeeds the previous survey-based benchmark administered and calculated by Refinitiv. Known to market participants as THBFIX, it will be available from 2 May 2019. Refinitiv will […]
Refinitiv has migrated its spot and forward matching to a new primary data centre, Equinix Slough LD4, with Equinix New Jersey NY4 as the secondary centre. The firm says the enhancements significantly improve market data feed and round trip latency for clients while subsequently reducing complexity and cost in connecting to Spot Matching. Furthermore, it adds, […]
Given they predicted just such a move almost a year ago there is no surprise from Colin Lambert and Galen Stops in this week’s podcast over the announcement that Deutsche Boerse is in talks with Refinitiv to buy some or all of its FX assets. So far, so straightforward – however this is In the […]
A new Artificial Intelligence/Machine Learning survey launched by Refinitiv has found that while the use of these techniques is pervasive in the financial community, poor quality data impedes their ability to leverage the advantages.
The survey found that 90% of the c-level executives and data scientists surveyed have already deployed machine learning, while all of the c-level participants said it is core to their business strategy.
On the downside, 43% cite poor quality data as the biggest barrier to adoption followed by a lack of data availability (38%).
Data from CME Group, Integral Development and Refinitiv, which reports a new high in average daily volume (ADV), confirms the picture established by three other platforms earlier this week of a rebound in March FX volumes.
CME Group says its FX futures and options franchise handled 1,042,000 contracts per day in March, which Profit & Loss estimates to be just over $103 billion in notional volume. This is a 36% increase on activity in February, but is 7% down year-on-year, it is also CME’s busiest month in FX since September 2018.
Refinitiv has introduced Deal Tracker as a Service (DTaaS), a Cloud archiving and compliance tool for FX post-trade flow sourced from Refinitiv FXT. DTaaS is an extension of Refinitiv Deal Tracker, which is designed to help firms monitor and process FX trades on all major FX platforms globally, both in the front and back office, by allowing them to monitor trade activity in real time, track net positions, and archive data for easy searching as well as compliance needs.“As a Cloud-based service fully managed by Refinitiv, DTaaS can help eliminate the need for local software deployment, reducing total cost of ownership – a key benefit as financial companies look for ways to reduce spending, particularly on technology,” says Refinitiv in a release issued today.