FX Solutions, a retail foreign exchange dealer and part of the City Index group of companies, has launched capped variable pricing for its US customers. The new pricing is available on FX Solutions’ MetaTrader4and GTS trading platforms across 28 currency pairs. Customers can trade on spreads as low as 0.8 pips on EUR/USD and 1 pip on GBP/USD, USD/JPY and AUD/USD. The pricing aims to move in sync with the underlying market, potentially providing tighter spreads as liquidity improves. A cap or limit is placed on the spread with the intent of restricting it from widening more than the listed cap level.
Nasdaq OMX NLX (NLX), the new London-based interest rate derivatives platform, has selected financial infrastructure service provider TMX Atrium as one of its preferred connectivity suppliers. NLX will offer a range of both short- and long-term interest rate, euro- and sterling-denominated listed derivatives products from Q1 next year. Nasdaq OMX and TMX have been working in partnership in North America and Europe since 2009, with offerings including the expansion of TMX’s infrastructure in to Scandinavia for access across Nasdaq OMX.