FairXchange unveils new AI-driven FX liquidity alerting tool
Called Horizon Sentinel, the tool can automatically notify firms of significant changes in transaction costs or notable changes in trading activity from a particular set of clients.
Foreign Exchange
BNP Paribas expands CobaltFX relationship to streamline bank credit allocation
Expanded partnership will help BNP Paribas address “regulatory concerns and set a new standard for precision […] in market operations”.
FactSet leverages Digital Vega partnership to expand into FX options
Through the collaboration, FactSet will expand its offering and Digital Vega will add to both its distribution and client base.
FX trading has not shifted due to T+1 as some had predicted
The drama around cut-offs at CLS and custodians prior to the T+1 implementation had many believing the FX market would alter drastically, but so far, it’s business as usual over the first three weeks of the shortened settlement cycle as the first big public holiday – and major test – approaches.
LMAX Group goes live with FX NDF trading in Singapore and London
New FX NDFs are traded on a central limit order book, delivering transparent price discovery and execution to all market participants.
Bloomberg unveils enhancement to FX execution offering in wake of T+1
Service will allow users to send FX orders into executing counterparts without being present in said time zone; initial launch extends to currencies including USD, GBP, HKD, EUR, and JPY.
FalconX goes live with foreign exchange desk
New offering will allow participants to access a broad range of currency pairs, which will mirror the traditional FX market experience.
Inside the FX cut-off conundrum sparking animosity between the buy-side, CLS and custodians as T+1 looms
Finger of blame is being pointed in each direction between custodians, non-US traders and settlement system CLS over FX cut-offs, with last minute decisions and confusion meaning some asset managers are now left facing operational challenges, pre-funding trades and balancing settlement security with best execution obligations.
Santander Asset Management joins Eurex for listed FX business
The asset manager will expand its FX futures business to Eurex, supported by Banco Santander as clearing member and Deutsche Bank as liquidity provider.
SGX FX partners with Rand Merchant Bank to enhance opportunities for South African Rand trading
With Rand Merchant Bank as the newest liquidity provider on SGX FX, traders will benefit from a selection of neutral mid, inventory skewed USDZAR spot FX Electronic Spot Pricing (ESP), Request for Streams (RFS) and access to FX forwards and swaps through RFS.