Post-trade
Three go live on Cobalt’s shared FX ledger
Technology provider aims to reduce trade reconciliations for Deutsche, Saxo and XTX
UBS: last look is sticking around, but conversation evolving
Bank says transparent and open discussion can produce “mutual benefits going both ways”
Curex to launch new market impact tool in June
Aims to give clients a deeper look at the impact of their trading
Seed CX partners TradAir for OTC trade settlement
Tie-up enables TradAir customers to leverage services of Zero Hash subsidiary
ParFX takes first step for moving into NDFs
Trading platform has snapped up an MIC code as it explores building a platform for the growing FX segment
LCH brings automation to ForexClear
Firm collaborates with Genesis to automate exercise and options expiry
Refinitiv takes deal-tracking service into cloud
Cloud-based FX post-trade product provides data archiving, aimed at easing compliance and cost burdens
New Change FX to supply independent rate to Jyske Bank
Danish bank will use provider’s independent FX data for better analytics
Virtu completes $1bn ITG acquisition
Firm will supplement its current management with existing ITG leadership globally
FastMatch’s FX Tape available via QuantHouse’s API
The move extends the FX consolidated tape’s reach to a wider audience
JP Morgan rolls out algo workflow tool on Bloomberg App Portal
The integration should make the bank’s Algo Central software and FX trading services more accessible
IHS Markit partners Cobalt for post-trade
Cobalt’s platform now connects to MarkitServ’s network of counterparties
HSBC settles millions of FX transactions with DLT
The bank is exploring using the technology to help corporates manage FX flows better
BNY Mellon: 2019 will see support-side innovation
Get excited about innovation, but don’t take your eye off the fundamentals
LCH shakes up compression vendor fee structure
Proposals follow criticism that the current regime favours TriOptima
Cobalt: bringing greater efficiency to the back office
Market participants will look to bring back-office operations in line with modern electronic trading practices
Schmidpeter to head business development at Curex Group
He is promoted to senior managing director and head of global business development
Weston joins Capitolis
Kate Weston takes up New York-based sales and development role
As Brexit looms, Mifid transparency faces the chop
EU law and equivalent UK draft threaten to split and undermine trade disclosure rules
Goldman and Morgan Stanley go live with DLT-based CLSNet
Distributed ledger netting service will cover 120 currencies not eligible for CLS settlement
Best Banks Awards: NatWest Markets
NatWest Markets wins the Best Bank for FX Post-Trade Services award at the 2018 FX Week Best Banks Awards
Virtu Financial to acquire ITG for $1bn
Cash deal comes little over a month since reports of potential merger
MarkitServ launches cloud-based post-trade processing platform
The firm looks to migrate FX options and spot to TradeServ in 2019
DTCC begins testing DLT-based credit derivatives service with 15 banks
New service expected to launch after first quarter of 2019