Data is increasingly becoming the cornerstone of FX market participants’ business models, but what does this mean more broadly for the industry? This will be one of the key questions addressed on the panel session, “Learning to Thrive in Data Driven Markets” at the Profit & Loss Scandinavia conference taking place on October 10th in […]
Trading technology and financial infrastructure provider Itiviti has launched Itiviti FX, a foreign exchange trading solution that the firm says is built for today’s dynamic FX market landscape and designed for compliance with the latest regulatory requirements including MiFID II.
Using a modular, app-based architecture Itiviti FX combines out-of-the-box FX trading capabilities with flexibility, enabling highly scalable and easily customised solutions. It offers cross-asset trading functionality, including algorithmic trading, distribution service, order and pre-trade risk. It also features a liquidity aggregation service, which allows for mixing of different types of liquidity from multiple sources.
SEB has announced that it is the first Scandinavian bank to offer FX algo trading to its clients through multibank portals Bloomberg and FXall.
Instead of traditional orders where clients call in for their orders to be executed, they will now be able to place their orders themselves through FX Algos, a new portal which will give them the advantage of a transparent, smooth as well as automated trading solution.
The bank says clients will completely own their order execution, and will be able to select their preferred strategy and follow the execution without the need to contact their salesperson at the bank.
SEB Merchant Bank is merging its traditional trading and e-commerce businesses under newly appointed co-heads Svante Hedin and Jonas Lundberg. The pair will oversee trading globally across asset classes.
Hedin was previously global head of electronic markets, while Lundberg was head of global trading for the bank.
Hedin joined SEB in Stockholm in 2013 as head of FX electronic trading, having spent most of his previous career in London in several executive and senior trading positions with US investment banks. He was most recently at JP Morgan, where he was managing director and global head of e-FX trading.
Jesper Berg, director general at the Danish Financial Supervisory Authority, will deliver the opening keynote address at Profit & Loss Scandinavia on September 13. In keeping with the themes of the keynote, the conference moves directly to a panel focusing on market regulation, with a specific focus on the Global Code, the first phase of […]