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Mixed Fortunes in First Batch of Volumes The first three platforms to publish May data offer a confused picture with Gain GTX and HotspotFX lower but FastMatch higher. FastMatch reports average daily volume (ADV) of $11.4 billion, its second highest this year and its fifth highest since it ...
Global Code: It’s Good to Talk One of the six principles in the first release of the FX Global Code, released today (May 26 2016) covers information sharing. Broadly speaking, this states: “Market participants are expected to be clear and accurate in their communications and to protect confidential ...
Non-Bank Market Makers Grab Share of Buy Side Business: Greenwich Institutional investors with access to non-bank liquidity providers execute 20% of their volume through non-bank liquidity providers, according to a new report from Greenwich Associates. In the report, Diversifying Liquidity: Attaining Best Execution in FX Trading, Greenwich Associates says macroeconomic and ...
IRD Market Fragmentation Continues: ISDA The fracturing of the global interest rate swaps market that emerged in the aftermath of US swap execution facility (SEF) rules coming into force in October 2013 shows no signs of reversing, according to the International Swaps and Deriviatives Association (ISDA). ...
Spot Volumes Disappoint in April The latest platforms to report their spot volumes show continued sluggish performance, with CME, EBS and Reuters all down year-on-year and month-on-month. It is a slightly brighter picture at Moscow Exchange (Moex), where the exchange continues to post growing year-on-year ...
CLS Volumes Down 3.5% in March Average daily input value of trades submitted to CLS was $4.69 trillion in March, down 3.5% compared to February. This figure is also down 8.9% from the $5.15 trillion that CLS recorded in March 2015. Meanwhile the average daily input volume submitted to CLS was 1,035,678 ...
Market Hoovers Ultra-Long Gilt The UK’s Debt Management Office (DMO) attracted huge demand for its syndicated re-opening of £4.75 billion of its ultra long-dated 21⁄2% 2065 Gilt this morning. The issue, which was priced at £106.164, equating to a gross redemption yield of 2.2905%, attracted over £21 billion of ...
GPIF to Hedge Yen Exposures – President The president of Japan’s Government Pension Investment Fund (GPIF) has said that the fund will use currency hedges to “smooth out” the fund’s exposure to a rising yen. In an interview with Nikkei News, GPIF president Norihiro Takahashi, ...
Ingves Calls for Fresh Approach amid Struggle for Independence Stefan Ingves, governor of Sweden’s central bank, the Riksbank, has called for fresh thinking on central bank policy in a speech delivered at Stockholm School of Economics. In the wake of the financial crisis, politicians and central bank economists ...
Edgewater Raises $30 Million to Boost Growth Electronic FX aggregator and distributor Edgewater Markets announces today that it has raised a $30 million growth equity minority investment. The funding round is being led by FTV Capital, a growth equity firm that has raised $1.8 billion since it was launched ...