North America
Cost benefits: could LPA provide clearer pricing?
Proponents say analytics tool is a game changer, but critics claim it is rebranded TCA
Quants search for way to size crypto bets
Standard models say as much as 4% of a diversified portfolio could go into digital assets
Market weighs viability of spot FX clearing
Supporters believe it could remove credit risks, but others say it would be unnecessary and add costs
360T is second venue to demand FX code compliance
GFXC urges other platforms to follow suit, potentially making code adoption an entry ticket to FX markets
Volatility could pave way for FXOs’ electronic evolution
Turmoil in markets gives options sector impetus to embrace automation, writes CME’s Chris Povey
Bingeing on block sets: DLT could give FX its ‘Netflix moment’
Blockchain’s proponents say faster settlement times make technology akin to TV’s streaming revolution
The closer quants look, the less diversifying crypto appears
Analysis seems to confirm that the asset class is not an effective diversification play
FX HedgePool to push into spot market by year end
Buy-side P2P swaps matching engine to launch new service for WM/R benchmark
In a bit of a fix: Refinitiv seeks ideas to improve WM/R
Operator launches consultation following criticism of 4pm fixing rate
Refinitiv uses rebates and speed to drive Matching liquidity
LSEG arm takes carrot-and-stick approach to market-making on primary venue
Market braces itself for EBS’s great migration
FX industry prepares for tectonic shift as venue moves to CME Globex
Market poised for further trading time reductions across ECNs
As Cboe FX halves trade response times, others are expected to follow – for better or worse
FX Markets Best Banks Awards 2021: Best bank for USD/CAD – BMO Capital Markets
BMO Capital Markets is making the most of strong Canadian fundamentals, including high oil prices, political stability and the loonie’s transition from high-volatility commodity asset to safe haven
Dealers back CLS plans for EM settlement system
12 banks announce support for project to extend PvP protection to certain CLS-ineligible currencies
FX data shows hold, reject divide in G10 vs the rest
Use of analytics can help reduce last look and improve FX Code adherence, says EBS executive
First SOFR versus CORRA cross-currency swap hits market
JP Morgan and National Bank of Canada extend SOFR cross-currency trading into Canadian market
FX trading in London hits record high
UK capital cements position as largest FX hub; New York sees significant fall in daily turnover
HSBC looks to AI to unearth data patterns around commercial activity
As DLT initiative brings forth more data, the bank is looking to improve services for corporate clients
Record boosts presence in North America
Specialist currency manager bolsters on-the-ground presence as it eyes market opportunities in region
Currency losses at North American corporates rise to nearly $21 billion
Currency gyrations from geopolitical events continue to create headwinds for some businesses
John Carrion heads to Millennium Partners
Former Deutsche Bank and JP Morgan trader ventures to buy side after nearly three decades on sell side
BNY snags Savage as head of FX sales in North America
Savage was previously CEO at CCTrack Solutions, a registered CTA that closed last year
Noisy data hinders financial firms' use of machine learning: survey
Financial firms have adopted machine learning and AI, but poor quality of data means the technology isn't used to the fullest
LMAX adds credit intermediation for spot FX trading
BNP Paribas and JP Morgan are working with the firm as credit intermediaries