FXRSS

Old National Bank opts for SS&C’s FX trading portal

Bob Jones, president and CEO, Old National Bank

Indiana-based Old National Bank has selected SS&C Technologies’ online customer foreign exchange (FX) trading portal. The move comes on the back of an increase in FX related activities at the bank, and it says it will use SS&C’s web-based solution to provide commercial, corporate and institutional customers with direct market access. The portal will deliver […]

Goldman Sachs new electronic market-making unit for FICC

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Goldman Sachs has launched a new FICC Systematic Market Making (SMM) unit. SMM will consolidate its e-trading assets and capabilities across FICC. The move was reported in an internal memo as reflecting changes in market structure and client needs. The memo, signed by several executives including group chief information officer Martin Chavez, says, “Our ability to […]

LSEG’s GATElab low-latency risk gate to India’s NSE

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Financial software provider GATElab, part of London Stock Exchange Group (LSEG), has launched an ultra-low-latency service risk gateway to the National Stock Exchange of India (NSE). The solution is designed to enables users to send orders to the NSE equity derivatives segment in less than 30 microseconds, if all the pre-trade risk checks are met. […]

Markit and CLS to provide cross currency swaps settlement

Financial information provider Markit and foreign exchange settlement service CLS have launched a new service for the cross currency swaps market.

Singapore Exchange and EBS Market to build bridge between FX OTC and futures

Singapore's SGX and EBS Market are targeting OTC business

The Singapore Exchange is to launch FX block futures on ICAP’s FX platform EBS Market, in a deal the two companies say will bridge the FX OTC and futures markets. The move comes as regulators around the world seek to move as much trading activity towards cleared platforms as possible, as part of the ongoing G20 reform agenda.

FX industry must act now or face regulation warns LMAX

Mercer:

More transparency is urgently needed to restore trust in the FX industry, according to a new report by foreign exchange MTF LMAX Exchange – but to make that happen, the industry will have to collaborate.

Deutsche creates FX index based on Autbahn data

Deutsche Bank’s Research unit is launching a new set of proprietary foreign exchange positioning indices based on data from its Autobahn FX trading platform. Called Corax – Categorised ORderflow from Autobahn FX – the indices will be published every Wednesday in the Corax Positioning Report.

Bloomberg and Traiana to automate post-trade for FX options

Traiana and Bloomberg are targeting post-trade costs in FX

Post-trade processing company Bloomberg STP Solutions and post-trade and risk specialist Traiana have begun a joint effort to develop a straight-through processing infrastructure for FX options. The partners say it will help to reduce post-trade costs for market participants, which have typically remained higher than execution costs.

Thomson Reuters targets FX corporate treasurers via FXall

Penney:

Thomson Reuters has added foreign exchange trading capabilities for corporate treasurers to its financial markets desktop Thomson Reuters Eikon, linking it to FXall QuickTrade, a request for stream service.

BATS brings Hotspot FX matching engine to London

Hotspot, the institutional foreign exchange market owned and operated by BATS Global Markets, is to expand its European presence with the launch of its first Europe-based FX matching engine later this year. The new matching engine will be located in the London Slough Campus data centres and will target Europe and Asia and specific FX currencies that dominate the European and Asian trading hours.

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