Quantcast

Embed this content in your HTML

Search

Edit this Super RSS.
Account: (login)

More Channels


Showcase


Channel Catalog


Articles on this Page

(showing articles 1 to 110 of 110)
(showing articles 1 to 110 of 110)


Channel Description:

A news feed for fixed income players.
    0 0

    Aperio, a $16 billion investment management firm specializing in active tax management and socially responsible strategies, replaced its internal systems with Linedata’s order management system (OMS) to manage pre-trade compliance, trading, post-trade processes and reporting.

    0 0

    Agency brokerage and technology vendor ITG has added Taiwanese equities to its Posit and Posit Alert crossing platforms.

    0 0

    Dan DeFrancesco speaks to firms that have experimented with virtual reality about the benefits it could provide the industry, and what’s holding it back from mass adoption.

    0 0
  • 02/01/17--07:00: A Human-Led Virtual Revolution (chan 7240295)
  • While the underlying technology supporting virtual and augmented reality is crucial to its application across the capital markets, Dan argues that one factor trumps all others when it comes to its adoption — the people who will ultimately use it.

    0 0

    London-based CG Asset Management has implemented the iPM Epic suite of trading solutions from capital markets technology vendor Indata.

    0 0

    Trumid, an all-to-all electronic trading platform for corporate bonds, has launched Bond Stream, the latest enhancement to its Market Center trading platform.

    0 0

    Warsaw-based Alior Bank announced the implementation of FusionCapital, Misys’ cloud-based solution for data workflow and risk management in its treasury and foreign exchange (FX) trading desk.

    0 0

    PFSoft, which produces solutions for brokers and exchanges, announced that it has made its Protrader trading terminal available for Apple Mac users, and it will include the same functionalities as the vendor's platform for Windows terminals.

    0 0

    Stockholm-based technology provider Baymarkets has entered the European financial technology market with a new platform, called Clarity, designed to offer an end-to-end solution for both the buy side and the sell side.

    0 0

    FlexTrade, a New York-based provider of multi-asset execution and order management systems, has announced a new trading application, FlexAR, which the vendor says will change how trading is visualized.

    0 0

    Portfolio management technology vendor Indata released its own application programming interface (API), giving users the flexibility to adjust its iPM Epic platform without having to do heavy duty programming.

    0 0

    Fixed-income technology provider Aglomi is set to acquire and distribute the Alliance Bernstein-developed Automated Liquidity Filtering and Analytics (ALFA) solution to aggregate bond market liquidity venues into a single source. John Brazier speaks to both firms to find out how the fixed-income market as a whole is set to benefit from the partnership.

    0 0

    Almost five months after the acquisition of Redi Technologies, Thomson Reuters has started connecting Redi’s buy-side community with its 30,000 sell-side professionals by adding the Eikon Messenger application to the Redi platform.

    0 0

    Cyber risk and other operational issues are some of the most pressing challenges facing fintech firms, a powerful group of international regulators has said in an extensive report on the sector, but while vigilance is required, the industry appears to pose no real systemic threat at this point.

    0 0

    One of the largest European bourses has upgraded its trading technology, harmonizing platforms between equities, listed and off-exchange derivatives trading.

    0 0

    Synechron, SIX Group and Calypso have signed a deal to implement a Calypso Securities Finance Renewal program to update SIX’s post-trade services.

    0 0

    Frankfurt-based data management provider, big xyt, has unveiled its new product, with additional visualization tools offering market participants enhanced visibility and guidance into liquidity and regulatory constraints before any trading decision is made.

    0 0

    London-based technology provider Setl has introduced its first fund record-keeping platform, Iznes, that promises to minimize the time and cost of administrating a number of processes with counterparties.

    0 0

    US-based research investment research provider Markov Processes International (MPI) has launched Stylus Workspace, new software integrated into its flagship product, Stylus Pro, to help fund managers analyze, monitor and report on a wider scope of assets.

    0 0

    In a joint deal with BNY Mellon and HSBC, Algomi is moving into the custody market, which will see it apply its technology to indicate trading intent in illiquid bonds held by the two giant banks. It is the latest in a string of deals that seem to have stabilized the fintech firm after a subdued finish to 2016 that raised questions about its future.

    0 0
  • 12/12/17--09:27: Chat Rooms and Trading Floors (chan 7240295)
  • Chat platforms have always been part and parcel of the financial services industry, although their widespread adoption is contingent on users’ increased comfort with technology, Emilia says.

    0 0

    The past year was supposed to be a period of maturity for fintech. But while it didn’t reach the tipping point people were hoping for, 2017 was a year where AI, blockchain and other innovative technologies gained even more traction.

    0 0

    Finastra—in its first acquisition—bought Geneva, Switzerland-based Olfa Soft SA, and its foreign exchange (FX) platform to provide an end-to-end solution covering positions, post-trade and payments for an undisclosed amount.

    0 0

    For nearly 25 years, Chicago-headquartered Trading Technologies (TT) has been known for its screen-based technologies. Now, CEO Rick Lane is looking beyond that, in a move that will transform the vendor into what he calls the “operating system of the financial markets.”

    0 0

    While surveillance technology vendors and market operators rush headlong into applying machine learning, cognitive computing and other forms of artificial intelligence (AI) in their systems, some people are taking things a little slower.

    0 0

    Bloomberg has launched a new trading system for government bonds in Mauritius, offering participants electronic-trading capabilities and enhanced surveillance functionality for the developing market.

    0 0

    Rival Systems, a provider of trading and risk management solutions, is now offering Value at Risk (VAR) on its Rival Risk platform.

    0 0

    The International Swaps and Derivatives Association (Isda) has launched its first digital-based version of the Common Domain Model (CDM), a framework that aims to standardize derivatives-trading processes.

    0 0

    While most of the financial industry barrels headlong into emerging technologies, at least one part is holding them at arm’s length—and it’s the very sector that proponents say might be helped the most.

    0 0

    Voice technology provider GreenKey Technologies filed a patent request for an automatic transcription process aimed to make audio transcription more efficient.

    0 0

    Dash Financial Technologies has announced that brokerage veteran Glenn Lesko has joined its ranks in the role of chief growth officer.

    0 0

    Digital wealth management platform provider InvestCloud has bought rplan Ltd., which specializes in customer relationship management (CRM) for institutional asset managers, for $20 million.

    0 0

    Four major firms—BN Amro Clearing, EuroCCP, Euroclear and Nasdaq—have completed a joint proof-of-concept to make the transfer and processing of collateral used to meet margin calls more efficient, by using distributed-ledger technology (DLT).

    0 0

    Capital markets infrastructure technology provider Hyannis Port Research (HPR) is now supporting market access to the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect programs. 

    0 0
  • 07/19/18--03:46: Euroclear Invests in Algomi (chan 7240295)
  • International central securities depository Euroclear has announced that it is investing in fixed-income startup Algomi, which will allow it to make select bond-holding information available anonymously.

    0 0

    Dash Financial Technologies has added Stino Milito as its co-chief operating officer, working alongside Tim Miller.

    0 0

    Tools For Brokers has unveiled an upgraded Brokers Business Intelligence (BBI) platform, with newly integrated capital adequacy and end-of-day reports.

    0 0

    Former investment banker Lenardos rules out potential M&A activity; says Cinnober will focus on organic growth opportunities

    0 0


    0 0


    0 0


    0 0


    0 0


    0 0


    0 0


    0 0


    0 0


    0 0


    0 0


    0 0


    0 0

    Industry experts believe that Financial Conduct Authority’s (FCA) study is a positive step forward in understanding the changing market landscape, the impact of Mifid II and the reasons behind the growth of periodic auction trading.

    0 0

    Nasdaq has hired Simon Ringrose as managing director of sales for its Global Information Services data division, responsible primarily for sales of content delivered via the exchange’s Analytics Hub of alternative datasets.

    0 0

    Cboe Europe, the largest pan-European stock exchange by market share and value traded, has filed an application to open a new venue and Approved Publication Arrangement (APA) in Amsterdam, ahead of the UK’s departure from the European Union (EU).

    0 0

    The Depository and Trust Clearing Corporation (DTCC), is enhancing its Global Trade Repository service (GTR) to support equities and commodities trade reporting in Singapore under the next phase of the Monetary Authority of Singapore's (MAS) derivatives reporting requirements.

    0 0

    Blackouts. They are a company’s worst nightmare. But now, thanks to the emergence of artificial intelligence, financial services firms are exploring new ways to mitigate outages. By Josephine Gallagher

    0 0

    Euronext’s trading platform Optiq has gone live in the cash markets, covering equities, structured products, exchange-traded funds and fixed income.  

    0 0

    Trading and surveillance technology vendor Cinnober has announced a collaboration with BitGo to provide institutional-grade technologies for cryptocurrency exchanges.

    0 0

    Singapore Exchange (SGX) has announced it is releasing a new product aimed at easing friction in the foreign exchange market and allowing third-party firms to build platforms around the offering.

    0 0
  • 07/11/18--08:53: OTCX Partners With Orchestrade (chan 41007494)
  • OTCX has announced the creation of an integrated two-way connection to Orchestrade Financial System’s core portfolio management and risk systems. The partnership is expected to help move clients away from voice and chat through digitization and straight-through processing (STP).

    0 0

    Hong Kong-based cryptocurrency exchange Bitfinex is preparing to go live on new network and hosting services operated by Swiss cryptocurrency connectivity infrastructure provider Market Synergy to connect its digital asset trading to institutional clients and manage increasing trading volumes.

    0 0

    If at first you don’t succeed, try and try again.

    0 0

    The trio of execs bring decades of experience in the financial services and market data industries to the advisory committee governing the US consolidated tapes.

    0 0

    Liquidnet has become the latest trading venue operator to register identifiers for its markets within the eurozone, as uncertainty continues around the UK’s departure from the European Union (EU).

    0 0

    EuroCCP has signed an agreement with Deutsche Börse, which will see the clearinghouse authorized to clear trades on Frankfurt Stock Exchange from next year.

    0 0

    The digital arms race around bringing institutional-grade products and tools to bear in the cryptocurrency space continues to gain momentum, but the very people needed to create a bona fide asset class in bitcoin are urging a slower pace.

    0 0

    Usave is joining forces with GMEX to develop the Monaco Gold Spot Exchange (MGX), a blockchain-based digital exchange for trading ethically sourced gold.

    0 0

    Deutsche Bank has shifted a large part of its euro clearing from London to Germany, in the latest example of financial activity moving to Europe ahead of Brexit.

    0 0

    Nasdaq has bolstered its Analytics Hub with four new sources of alternative data—two of which are exclusive to the Analytics Hub.

    0 0

    Exchange operator Intercontinental Exchange (ICE) has announced plans to create a platform aimed at standardizing primary market trading of fixed-income exchange-traded funds (ETFs).

    0 0

    BeQuant, a cryptocurrency exchange for institutions and active traders, features real-time clearing and order-matching algorithms. 

    0 0

    Lashnits will work with PanXChange CEO Julie Lerner to launch an independent data division while organizing the internal aspects at PanXchange.

    0 0


    0 0


    0 0


    0 0


    0 0


    0 0


    0 0


    0 0


    0 0

    Officials say the new module will significantly improve the speed and accuracy of vendor data audits by exchanges.

    0 0


    0 0


    0 0

    Ryusuke Yokoyama, CIO at JPX sits down with Wei-Shen Wong to discuss how the exchange is considering its options when it comes to data management.

    0 0

    As the SEC prepares to host a two-day event to tackle market data access and fee issues, industry user groups and Nasdaq have laid out their positions on SIP reform. Max Bowie reports.

    0 0


    0 0

    Hightower-Sellitto's hire follows the recent appointments of a general counsel and former NYSE technology exec Robert Cornish as CTO as Gemini beefs up its management experience.

    0 0

    The new network and local PoP will provide trading firms in the UK and US with low-latency access to data and trading services at the JSE.

    0 0


    0 0


    0 0


    0 0

    For some, the SEC's scrutiny of exchange data fees is scarier than ghouls, goblins and a toddler's Halloween candy-induced sleeplessness.

    0 0


    0 0


    0 0

    The Mauritius-based digital asset exchange will make data available for a range of asset classes via various feeds and front-end interfaces.

    0 0


    0 0

    Part of Dunlap's role will be managing the integration of prior and future acquisitions by the LSE's data and index businesses.

    0 0


    0 0


    0 0


    0 0


    0 0

    Boston-based bank State Street has appointed an expert in artificial intelligence (AI) and machine learning as chief information officer, as the institution looks to implement its wider digitisation strategy.

    Brian Franz joins State Street from UK alcoholic beverages company Diageo where he was most recently chief productivity officer.

    Franz has extensive knowledge and experience working with technologies such as AI, machine learning and robotics, having implemented initiatives at Diageo which led to more than £700 million in savings and business growth.

    At Diageo, Franz led the IT, enterprise operations and business service functions, and was also its global chief information officer, which he also previously held at other global organisations including PepsiCo International, GE and AT&T.

    “[Franz] brings to State Street a unique combination of experience, knowledge and deep technology and operations prowess,” said Lou Maiuri, COO at State Street. “He adds to this a strong focus on productivity and continuous improvement, at the core of which is a better client and employee experience. The CIO of the future needs to be as much a business leader as a technology visionary, and we benefit from both with [Franz].”

    State Street added it will look use Franz’s experience of technology for a range of new data and analytics tools for its front-to-back platform, as the bank aims to become a ‘digital-first organisation’, emphasising client experience and productivity.

    “This is a company that occupies a unique space in financial services and one in which there is much opportunity to differentiate through next-generation technology, high productivity and global scale,” Franz commented. “I look forward to making a positive impact and to leading a world-class team.”

    Earlier this month, State Street confirmed that its head of platform strategies, Spiros Giannaros, is to return to Charles River Development as its new president. State Street acquired Charles River last year in a $2.6 billion deal aimed at extending the bank’s front-office services.  

    The post State Street hires AI and machine learning expert for CIO role appeared first on The TRADE.


    0 0

    Securities finance trading provider EquiLend has confirmed the launch of a new platform aimed at automating processes in total return swaps trading.

    Known as Swaptimization, the platform deploys a proprietary matching algorithm to pair natural positions across the market for bilateral, security-based total return swaps trading. It operates on a web-based interface for users to access liquidity.

    “EquiLend has a long history of success in bringing efficiency and automation to areas of the market prone to inefficient, manual processes. With the launch of Swaptimization, we look forward to extending our award-winning technology and expertise in automation to the swaps market,” said Brian Lamb, CEO of EquiLend.

    Swaptimization has launched in the US for a core group of total return swaps market participants, and EquiLend plans to extend the platform in Europe and Asia in 2020, pending regulatory approvals. A number of other firms have participated in the platform’s working group this summer, and around 20 are expected to join the platform next year, EquiLend added.

    “Our clients have solicited our ability to automate, streamline and standardize a workflow to allow their total return swap traders to focus on revenue generation for their firms. Swaptimization is a solution that provides technological efficiency to a marketplace that would greatly benefit from automation,” Paul Lynch, global head of product at EquiLend, commented.

    In June, EquiLend confirmed that National Bank of Canada acquired a 10% stake in the firm from JP Morgan, but JP Morgan still holds a 10% ownership in the firm. National Bank of Canada joins nine other major institutions including Bank of America Merrill Lynch, BlackRock, Credit Suisse, Goldman Sachs, Morgan Stanley, Northern Trust, State Street, UBS and JP Morgan.

    The post EquiLend looks to automate total return swaps trading with new platform appeared first on The TRADE.


    0 0

    The London Stock Exchange (LSE) has initiated a consultation exploring a possible reduction in market hours, after market participants called on equity trading venues to examine the issue last month.

    In the consultation, LSE outlined that the move could encourage staff diversity, concentrate liquidity in a shorter time frame, and positively impact mental well-being of staff following broad support from trade and industry groups.

    On potential impacts of shorter trading hours, LSE said it would require changes to regulatory reporting and commitments for trading on systematic internalisers and OTC, while reducing the important overlap with US and Asia trading hours. LSE also highlighted that to maximise the potential benefits, all main European trading venues would have to agree to shorter hours.

    Market participants have been given five options in the consultation on the possible changes to equity trading hours, including between 08:30 – 15:30, 08:30 – 16:00, 09:00 – 16:00, 09:00 – 16:30, or to maintain the current time of 08:00 – 16:30 London time. The consultation will close on 31 January 2020.

    European markets are open for business for 8.5 hours a day, much longer compared to the US and Asia where markets are open for 6.5 and 6 hours respectively.

    The Association for Financial Markets in Europe (AFME) and the Investment Association said in a letter to the LSE last month that longer hours have impacted traders’ mental health and well-being. It has also been identified as an obstacle in recruiting more diverse talent.

    “A shorter trading day would not only improve market structure but would also go a long way towards building a more diverse trading floor and fostering better mental health,” said April Day, head of equities at AFME. “Equities trading risks lagging behind a wider financial services industry push for more diversity and inclusion unless the long trading day is tackled by an industry-wide approach.”

    The post London Stock Exchange begins consultation on shorter equity trading hours appeared first on The TRADE.


    0 0

    Regulators have seen a surge in the number of suspicious transactions and orders reports under the Market Abuse Regulation (MAR), prompting Europe’s watchdog to call for greater supervision of the reporting.

    According to a peer review on how regulators are handling suspicious transactions and order reports (STORs) from investment firms and market operators, the European Securities and Markets Authority (ESMA) said it had identified areas of improvement for the regulators’ supervision, amid increasing reports.   

    Following the implementation of MAR in mid-2016, ESMA found the number of STORs reported by firms reached 10,653 in 2017 and 11,130 in 2018. The number represents a 130% increase compared to the last 12 months of the Market Abuse Directive (MAD), the predecessor to MAR, which saw less than 5,000 reports.

    ESMA said a vast majority of 84% of STORs submitted to national regulators were made by investment firms, and 75% were related to equities trading. For suspected violations, 39% were related to suspected market manipulation and 60% to insider trading, ESMA’s review stated.

    In terms of geography, the UK’s Financial Conduct (FCA) received the most STORs by far in 2017, with 5,501 reports representing 52% of the total across Europe, although ESMA said this is in line with expectations, as the UK makes up around 60% of all equity trades in the European Union.

    “Suspicious transactions and orders reporting is an important tool to fight market abuse. Both regulators and market participants need to play their role when it comes to detecting and reporting suspicious activity to support the prevention or investigation of market abuse,” said Steven Maijoor, chair of ESMA.

    “Our review highlights good examples of NCAs’ (national competent authorities) supervision and enforcement of STOR requirements. However, we as European regulators need to make further progress in ensuring firms’ compliance and in challenging poor-quality reporting.”

    ESMA added in its peer review that six national regulators assessed were found to be compliant in at least four areas of the supervision of STORs, including the UK, Belgium, France, Italy, Portugal and the Netherlands.

    In identifying areas with room for improvement, ESMA recommended that regulators ensure market participants, including asset managers, are complying with the rules, with further advice to focus on suspected non-reporting of STORs.

    The post Reports of suspicious transactions and orders surge under MAR appeared first on The TRADE.


    0 0

    An industry veteran who led product development for a big data, cloud-based platform at Citi has left the investment bank to launch a FinTech start-up.

    Bill Pryor, the former global product head of data and analytics at Citi, left the US institution earlier this year and has recently set up a new firm, Investics Data Services, The TRADE understands.

    At Citi, Pryor was responsible for performance, risk and compliance, global data strategy and analytics for custody fund services. He also played a key role in launching the Citi Clarity Velocity platform in 2018 across the bank’s custody and fund services.

    Pryor had been with Citi for four years, joining from JP Morgan in 2015. He previously held senior positions at State Street, The Boston Company and Mellon Financial.

    A spokesperson at Citi confirmed Pryor’s exit, adding that the work he was doing with Citi Clarity Velocity will now be overseen by Fiona Horsewill, EMEA head product development and global head digital strategy.

    According to Pryor’s LinkedIn profile, his new start-up aims to bring cloud-based investment data and analytics to the institutional investor industry. Investics Data Services will specialise in product development and consulting for institutional investor organisations including asset owners, asset managers, investment consulting, banks and fund services providers.

    In the description, Pryor says Investics Data Services will utilise the latest in big data, business and artificial intelligence, in-memory processing, dynamic calculation and analytical engines technologies.

    The post Global data strategy head at Citi departs to launch FinTech firm appeared first on The TRADE.


    0 0

    Electronic market maker GTS has confirmed it will acquire the equity options market making business of UK investment bank Barclays, which will see around 40 Barclays staff move to GTS.

    In a statement, GTS said it has entered into a definitive agreement to purchase the equities automated options trading unit’s assets from Barclays for an undisclosed sum. The transaction is expected to close in the first quarter next year.

    Kirill Gelman, who has led the business for Barclays since 2008, will move to GTS upon completion of the acquisition, alongside 40 other Barclays personnel. Gelman will continue to head the division, which provides quotes in more than 735,000 securities across 13 global options exchanges. The business trades around 2% of all exchange traded equity options volume in the US.

    “The options trading acquisition is another step in GTS’s mission to build out its global capital markets business and to put superior trading technology to use for all who may benefit,” said Ari Rubenstein, co-founder and CEO of GTS. “The acquisition furthers GTS’s expertise in providing data-driven precision pricing to investors. Options are an active asset class and important investment tool and are a highly complementary fit to our growing roster of global financial instruments.”

    The deal is the latest between the two institutions, after GTS acquired Barclays’ designated market maker (DMM) business in 2016, allowing GTS to operate as a DMM at the New York Stock Exchange (NYSE) providing bid and ask prices on behalf of trading venues to provide liquidity, and acting as a conduit between listed companies and traders.

    Large investment banks have pulled back from market making to focus on core business lines in light of increased competition from high-speed trading firms entering the space in recent years. Prior to the deal with GTS in 2016, Barclays had become one of the largest market makers on the NYSE, after previously acquiring the DMM rights of Bear Wagners from JP Morgan in 2009, and the DMM assignments from LaBranche the following year.

    The post Barclays sells equity options trading division to GTS appeared first on The TRADE.


    0 0

    US futures broker and clearing firm RJ O’Brien has consolidated its separate regional systems with Itiviti’s managed FIX service.

    RJ O’Brien has implemented the service to gain a centralised hub for global client connectivity, with central monitoring and administration that can be accessed globally. It will also help the institution manage multi-asset flow from clients and connect to outbound destinations.

    Itiviti said that RJ O’Brien, which is already a client of the trading software specialist in London, wanted to consolidate its systems for increased efficiency, and to unify the onboarding of clients globally.

    “We’re delighted to build on our relationship with Itiviti with this managed FIX service that will give us and our clients a single, robust, off-the-shelf point of connectivity for RJ O’Brien trade execution,” said Thomas Texier, managing director for London and enterprise IT at RJ O’Brien. “Clients will have the ability to enter orders through direct electronic access, utilize advanced execution algorithms or submit ‘care’ flow.”

    In October, RJ O’Brien installed an electronic trading platform from ION to manage and grow its cleared derivatives business for institution clients. The ION Global Trading Platform (GTP) provides order management, risk management, automated middle-office workflow for pre- and post-trade allocations, and recapping via a single system.

    “We are very pleased to be able to assist RJ O’Brien with quicker and more efficient onboarding of clients,” Lee Griggs, Itiviti president for EMEA, added. “Using Itiviti’s managed FIX service with its highly configurable connectivity platform means RJO can provide a better client experience. We are very proud to assist the firm in consolidating its global client connectivity offering, and we very much look forward to continuing to expand our partnership.”

    The post RJ O’Brien deploys Itiviti FIX service to consolidate internal systems appeared first on The TRADE.


    0 0

    Deutsche Börse’s FX trading division 360T has confirmed the launch of an automated FX swaps limit order book with mid-rate matching functionality.

    Known as 360TGTX MidMatch, the fully visible limit order book allows market makers to stream curves out to two years, with a swaps data feed developed by 360T with the help of 20 banks acting as the mid-reference for grey-book risk exchange.

    The platform also provides full audit and surveillance capabilities, as well as a complete reporting suite. ANZ and Commerzbank were the first banks to execute trades on the multilateral trading facility (MTF), 360T said.

    “The ability to electronically exchange risk at mid, comes at an opportune time in the FX swap market where low volatility has led to spread compression and dealers are looking for more advanced order types to help them manage their exposures,” David Thorne, head of eFX trading in EMEA at ANZ, commented.

    Simon Jones, chief growth officer at 360T, added that the move is a paradigm shift as capabilities that have been available within the spot market and other asset classes for years will now accessible in the FX swaps market.

    “We built this with both the trader and the auto-hedger in mind, allowing market takers to become market makers and greatly improving price discovery,” Jones said. “Offering options which allow participants to fully automate the credit process has been a long road but this will change the way FX swaps are executed.”

    Last month, 360T completed the first trades in streaming non-deliverable forwards (NDFs). Expanding on its disclosed request for stream, the 360TGTX streaming NDFs were launched in response to demand for an alternative hedging venue, supporting both disclosed and anonymous trading.

    The post 360T launches FX swaps limit order book with midpoint matching appeared first on The TRADE.


    0 0

    US derivatives exchange CME Group has said its FX futures surged to a new single-day volume record of 2.7 million contracts earlier this month.

    The new record was set on 11 December, exceeding the previous record of 2.5 million contracts set on 14 June 2017.

    Open interest, the number of active positions held by market participants without delivery or offsetting, for FX futures also reached a new record of 2.3 million contracts on 11 December, up from the previous record of 2.2 million contracts set just the previous day. Larger open interest holders in FX futures also reached a record 1,261, up 18% in 2019 compared to the year prior.

    “Customers are increasingly accessing the deep liquidity, as well as capital and cost efficiencies, offered by our listed FX products to manage their FX exposure,” said Paul Houston, CME Group global head of FX. “Record open interest, combined with our recent reductions in minimum price increments for calendar spreads in euro, yen and pound pairs, has continued to strengthen liquidity and reduce the cost to trade during this year-end roll period.”

    In October, CME Group teamed up with Google to offer its futures and options market data on the Google Cloud platform. The move provides market participants with access to CME Group’s market data from anywhere via an internet connection, with data from CME’s electronic trading system for futures and options across asset classes, Globex, as well as third-party data sources.

    CME Group also saw its highest quarterly average daily volume in Asia Pacific on record in the third quarter. The exchange operator said that 1.2 million contracts were traded in the region over the period, up 61% year-on-year.

    The post FX futures reach new record at CME Group appeared first on The TRADE.


    0 0

    US bond trading platform provider Trumid has teamed up with data automation specialist Inforalgo to streamline increasingly electronic trading processes for corporate bond clients.

    In a statement, Trumid said the partnership with Inforalgo will provide on-demand integration to its trading platform, Trumid Market Centre, for eased straight through processing. The move aims to broaden trading opportunities with simpler connectivity to more venues.

    “Traditionally, the majority of bond trading activity has been very manual. However, electronic trading, and transaction management in general, are rapidly growing,” said Josh Hershman, chief operating officer at Trumid. “In turn, connectivity becomes much more relevant – presenting the opportunity to streamline processes and improve efficiency.”

    Trumid added that with various integration options and by prioritising straight through processing, automated data flow and removing the need to key in data manually between systems, its US-dollar corporate bond trading clients will benefit from increased efficiency.

    “Connectivity is significant in our market. The more connections a vendor has, the easier it is to use that platform,” Hershman added. “Trumid is already connected to multiple OMS and EMS (order and execution management systems) providers, and Inforalgo gives us another important connection used by our clients. This is a win-win-win – for us, for Inforalgo, and for our clients.”

    Trading volumes at Trumid also increased 230% year-on-year in November, with average daily trading volume of $480 million. The firm’s client base also grew this year, with more than 450 buy- and sell-side firms currently using the platform.

    At the same time, US investment bank Citi made a strategic investment in Trumid as it looks to grow algorithmic and portfolio trading in the credit space. Citi backed Trumid via its Spread Products Investment Technologies (SPRINT) program within the Citi Markets FinTech Investments Unit.

    The post Trumid partners with Inforalgo to streamline bond trading processes appeared first on The TRADE.