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FXPA Welcomes FXSpotStream as New Member The Foreign Exchange Professionals Association (FXPA) announced the addition of FXSpotStream as the latest member of the FX trade group. FXSpotStream joins FXPA as an Associate Member. “As a bank-owned consortium bringing greater transparency and efficiencies to the FX market, ...
ACI Launches ELAC in the US

00:47 January 15th 2016 in News, Institutional

ACI Launches ELAC in the US

ACI - The Financial Markets Association has launched its E-Learning and Certification (ELAC) portal in the US to help promote ethical behaviour in the fixed income, currency and commodity (FICC) markets. ELAC is an interactive teaching and testing tool designed ...
ISDA To Expand Board of Directors and Update Strategy Statement The International Swaps and Derivatives Association has announced that its Board of Directors has voted to increase the size of the ISDA Board from 26 to 30. The expansion further broadens the perspective and scope of the board by appointing members from ...
FD Buys QuantumKDB

17:25 January 12th 2016 in News, Institutional

FD Buys QuantumKDB

Software and consulting services provider FD announces the acquisition of QuantumKDB (UK) Ltd.  According to FD, the acquisition will support the growth of its Kx business through complementary consultancy services.  Initial consideration for the acquisition is £1.7 million, of which £600,000 is ...
Bloomberg Acquires Social Media Risk Management Firm Bloomberg has acquired the intellectual property, patents and engineering assets of Netbox Blue, a provider of social media risk management and compliance solutions, to enhance its enterprise compliance platform, Bloomberg Vault. According to Bloomberg, the addition will provide clients with ...
FXPA Events Discuss Ethics, Liquidity Conditions The Foreign Exchange Professionals Association (FXPA) held member events in New York and Singapore in recent months that brought together industry professionals and regulators for in-depth discussions around the topics of conduct and liquidity. The New York event was hosted ...
Full Year Volume Data Mixed News for Platforms Thomson Reuters says that spot average daily volume across its FXall and Matching platforms was $91 billion in December, up slightly from November’s $90 billion per day, but down on December 2014’s $106 billion. Non-spot volume was $246 billion per day, up from $226 ...
Platforms Report Lower YoY Dec Volumes Some of the first platforms and exchanges to release trading volumes for December are showing declines against year-ago levels, and mixed results over November levels. ICAP reports average daily volume on EBS of $74.8 billion for December, a 28.6% drop from the $104.8 ...
FastMatch Introduces Symmetrical Last Look Rule FastMatch is introducing rules that will require all liquidity providers to use only a “symmetrical last look” practice on its ECN. The new operating procedures are designed to “make FX institutional markets more transparent and operate a fair marketplace”. The ...
Swap Spreads are Still a Worry: BoE In its recent Q4 Quarterly Bulletin, the Bank of England (BoE) touches upon the recent trend of narrowing swap spreads – the difference between interest rate swap and government bond yields of equivalent maturity – and points to “short-term, temporary factors” as ...