EBS BrokerTec has rolled out a new product this week which
is effectively a short-dated swap for the NDF market. Inevitably it says that
this is as a result of client demand, but in this case the claim does appear ...
FXCM has announced what is effectively a
revamping of its semi-dormant institutional business. The company says it has
relaunched both FXCM Pro, while reminding market participants of the existence
of FXCM Prime.
FXCM Pro was originally established in 2004
as the ...
Transaction volumes across Thomson Reuters’
myriad platforms held up well in March, on a month-on-month basis, bucking the
trend for lower turnover levels seen elsewhere.
Overall, the company says average daily
volume (ADV) was $362 billion, a month-on-month increase of just ...
The first batch of platform volumes
reported by FastMatch, Gain GTX and Hotspot indicate a sharp drop in activity
Bats Hotspot reports average daily volume
(ADV) of $25.5 billion in March, down 21.75% month-on-month and down 19.5% year-on-year.
It was a ...
EBS BrokerTec and ICAP Information Services
(IIS) have launched a new Sterling Repo Index Rate (£RIR) that will provide a
daily measurement of the effective cost of funding for Sterling Government
£RIR will be calculated and distributed by
The Commodity Futures
Trading Commission (CFTC) has issued an Order filing and simultaneously
settling charges against IBFX,
formerly known as TradeStation Forex.
The CFTC says that
from January 15, 2015, through February 5, 2015, IBFX failed to meet the
minimum capital requirements, failed to ...
Brokerage firm FXCM has signed a Memorandum
of Understanding (MOU) with Leucadia National to extend the firms’ credit
agreement for another year to enable FXCM to “optimise remaining asset sales”.
Leucadia rescued FXCM with a loan in January 2015 after
announced the release of two new products aimed at buy side users.
The first of
these products, TrueQuote, is a portal for buy side clients, while the second
newcomer, CrossTrade, is a workflow efficiency tool that will be ...
Although spot FX volumes were down
year-on-year across Thomson Reuter’s platforms in February, overall FX volumes
were up 28% from the same month the previous year.
Thomson Reuters recorded an average daily
volume (ADV) of $111 billion for spot FX trading ...
ICAP today released February
volumes for EBS, showing a slight decline from January, but up year-on-year,
echoing similar annual improvements released by other platforms in recent days.
While EBS volumes for February 2016
were $102.6 billion and therefore down 1% from January’s $103.8 ...