Latest Forex News

Non-deliverable options clearing from LCH

As LCH’s ForexClear is about to start clearing non-deliverable foreign exchange options (NDOs) we asked Kah Yang Chong, Head of ForexClear Product, Europe, the Middle East and Africa, to tell us more about this initiative....show more

Blockchain market infrastructure provider aims to plug crypto infrastructure gaps

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GMO-Z.com Trade UK announces launch of Agency FX service 

GMO-Z.com Trade UK Limited, FCA-regulated and a member of the GMO Internet Group, has announced the launch of its Agency FX service.The service will be offered from its institutional service brand, Z.com Global Markets......show more

CMC Markets integrates with Centroid Solutions

CMC Markets Institutional has announced an integration of its comprehensive, multi-asset Direct API with Centroid Solutions. Providing a range of real time analytical tools and sophisticated risk management functionality......show more

DMALINK adds Tier 1 Prime Broker 

DMALINK, one of the last exchange-independent ECNs offering access to institutional Emerging Markets FX pricing has announced that an award-winning London based Tier 1 Prime Broker will provide clearing facilities to its platform participants globally...show more

Finastra successfully migrates VPBank

Finastra, has helped VPBank separate its treasury operations from its legacy core banking system with Finastra’s Fusion Kondor and Fusion Risk solutions. Delivered through Finastra’s Fusion Adopt......show more

SGX partners with Cassini systems

Singapore Exchange and Cassini Systems have partnered to provide a free service for SGX market participants, to help them prepare to meet the Uncleared Margin Rules (UMR) requirements. Under the agreement, SGX will leverage Cassini’s domain expertise to......show more

Integral goes live with next generation platform 

Integral has announced that it has launched the latest version of its next generation trading platform. Available through HTML5 browser and mobile device, FX Inside 7.0 is a web-based trading solution for......show more

Nexo expands its core offering with HUSD

Nexo, a leading regulated financial institution for digital assets, now offers its users access to HUSD as it integrates the stablecoin on its platform. ...show more

CME Group launches FX Options Volatility converter tool

CME Group has announced the launch of a new FX Options Vol Converter tool. At a time when market participants are looking for efficiencies and ways to lower their cost to trade, this new service is......show more

Virtu launches Prism Frontier tool

Virtu Financial, Inc. has  announced the launch of Prism Frontier, a post-trade analytics tool designed to provide transparency and forensics around client executions. In order to perform meaningful analysis of execution quality......show more

New Change FX releases regulated FX Forward Benchmarks

New Change FX (NCFX) has announced the release of a family of regulated Foreign Exchange (FX) benchmarks for the forward foreign exchange markets. The new Forward Benchmarks complement......show more

BidFX releases FX desktop trading application on OpenFin

BidFX has announced a significant addition to its product range delivered via OpenFin, the operating system (OS) of finance. BidFX now offers a desktop-installed web application supporting the layout of window-based components...show more

Capitolis achieves record volume in FX Options novations

Capitolis has announced that Capitolis Novations, its foreign exchange novation platform, achieved a record transaction volume of $417 billion in notional for FX options novations during the second quarter of 2020...show more

TradeTech FX event highlights FX algo use in Covid crisis

The TradeTech FX Virtual event ran 21-22 July, bringing together heads of FX and their teams in a bid to benchmark their response and solutions to the Covid-19 crisis. The online programme included a live interview with Christian Gressel, Head of FX Algo Trading, UBS and Brendan McMurtray, CFA, Vice President, FX Electronic Trading Analyst, T. Rowe Price to discuss how to implement advanced algorithms to achieve best execution during increasing volumes and times of high volatility....show more

TraderEvolution integrates with ICE Data Services

End-to-end trading technology provider TraderEvolution continues to build up its strategic relationships with a brand new integration with ICE Data Services. The collaboration enables TraderEvolution to offer its customers unique pricing and normalized exchange data from ICE Data Services’ Consolidated Feed...show more

MARKTS joins forces with OSL

TradingScreen Inc. (TS) subsidiary MARKTS, a digital asset order and execution management system (OEMS), has announced that it has partnered with OSL, Asia’s leading digital asset platform, to launch OSL Exchange and OSL intelligent Request for Quote (iRFQ) trading services on MARKTS...show more

Cürex Group announces additional algo collaboration with Barclays

The Cürex Group has announced a collaboration with Barclays to bring their mutual clients additional benefits resulting from Barclays’ integration of Cürex’s liquidity onto its extensive algorithmic platform. Barclays’ clients have had access to Cürex liquidity through executions on the BARX platform...show more

FXCM Pro partners with Devexperts

FXCM Pro, the institutional arm of the FXCM Group has partnered with Devexperts to provide liquidity to its innovative trading platform, Dxtrade....show more

Vela and IPC expand market data partnership

Vela has announced the expansion of its strategic partnership with IPC. This will provide IPC customers with access to Vela’s award-winning market data solution, SuperFeed, via Connexus Cloud...show more

Barclays launches NDF algos on BARX

Barclays has announced the launch of new non-deliverable forwards (NDF) algorithms on the BARX electronic trading platform. The NDF algorithms are the latest addition to the BARX  Gator<sup>TM</sup> algorithm suite for FX trading....show more

OANDA partners With FairXchange

A has selected FairXchange to provide the firm with independent execution analytics. As part of the deal, FairXchange will provide OANDA with access to its Horizon platform, which offers tools and techniques that help users manage and optimise their eFX business...show more

Nasdaq and DGCX sign technology agreement

Nasdaq and Dubai Gold & Commodities Exchange (DGCX) have announced a major market technology agreement for Nasdaq to provide DGCX with a full suite of integrated marketplace solutions...show more

Sucden Financial goes live with BierbaumPro/NTPro

Sucden Financial, the global multi-asset execution, clearing and liquidity provider has become a Principal on the BierbaumPro trading platform, branded as NTpro in Russia. BierbaumPro/NTPro’s clients can now benefit from low latency access to Sucden Financial’s unique and customisable liquidity streams....show more

FXSpotStream’s extraordinary growth story continues

e-Forex spoke with Alan F. Schwarz, FXSpotStream’s CEO, to hear about how the fully disclosed supported model continues to perform so well...show more

Alameda Research partners with TradAir

TradAir has partnered with Alameda Research, a prominent cryptocurrency trading firm transacting between 600million to 1.2billion per day. This partnership allows Alameda to......show more

Equiti Capital partners with FXCubic

FXCubic has just announced a new partnership with FCA regulated prime of prime broker, Equiti Capital, which is part of the Equiti Group....show more

dxFeed partners with Lukka

dxFeed has announced a strategic partnership with Lukka, a leading blockchain-native software and data services company, to include Lukka Reference Data and Lukka Prime into the growing portfolio of dxFeed specialized data products....show more

Refinitiv launches enhanced low-latency FX data feed

Refinitiv has launched its FX Binary Multicast Feed 5ms, an enhanced low-latency market data feed to enable increased market transparency and support critical trading decision making for Refinitiv Spot Matching clients....show more

BNY Mellon and Deutsche Bank collaborate

BNY Mellon and Deutsche Bank have jointly developed a new API-enabled foreign-exchange (FX) solution that can dramatically improve confirmation times for restricted emerging-market currency trades. ...show more

Angola adopts Bloomberg FXGO

The Banco Nacional de Angola (BNA) has adopted Bloomberg’s foreign exchange electronic trading system (FXGO) and its electronic auction system to bring greater efficiency and transparency to Angola’s FX market....show more

Using the Unit Cost of Volatility to measure your FX costs

NCFX have announced the introduction of a new approach that allows fair comparison of liquidity providers in all market conditions. ...show more

smartTrade Technologies - working hard to assist FX trading firms through COVID-19 crisis

Earlier this year smartTrade Technologies, a pioneer in multi-asset electronic trading solutions, received an investment from Hg, the largest European investor in software and services. That vote of confidence is helping smartTrade to accelerate its growth...show more

Devexperts launches DXtrade

Devexperts, a company with 18 years of experience in custom platform development, recently announced the launch of its new off-the-shelf trading platform for retail brokerages. ...show more

Spotware  releases cTrader Mobile 3.12 

Spotware, a leading Fintech and trading solutions provider, has announced the release of its cTrader Mobile 3.12 version. ...show more

LMAX Group launches Weekend FX service

LMAX Group has launched a Weekend FX service that will enable clients to trade outside of market hours for the first time on institutional grade exchange infrastructure....show more

Saxo Bank signs new white label agreements

Saxo Bank has signed white label agreements with five Danish banks through an integration with SDC, a leading data centre and IT infrastructure provider to more than 120 banks in the Nordics...show more

BCV launches second level white-labelling services

smartTrade Technologies has announced that Banque Cantonale Vaudoise (BCV), a Swiss cantonal bank, has rolled out a second level white-labelled FX services powered by smartTrade Technologies, to some of their clients...show more

Digital Vega introduces Hydra Exotics

Digital Vega, provider of the market leading Medusa multi-dealer FX options platform, has introduced Hydra Exotics, a unique new solution for active FX Option users....show more

Celer deploys CMC Markets Direct API

CMC Markets Institutional has announced an integration of its Direct API with the price distribution and order management platform of eFX trading solutions provider, Celer Technologies....show more

BidFX enhances mobile app

BidFX has announced a major upgrade to its mobile app to meet growing demand from market participants to securely manage and trade their spot FX, forward and NDF positions when working remotely....show more

Sucden joins TrueFX network

TrueFX, a purpose-built OTC market designed for the buy-side, has announced that Sucden Financial has joined as a TrueFX Clearing Member (TCM) to support their clients access liquidity on the network....show more

Goldman Sachs joins cross-currency swaps settlement service

CLS and IHS Markit have announced that Goldman Sachs has joined their cross-currency swaps settlement service....show more

Imagine partners with TORA

TORA has announced a partnership with Imagine Software to create a front-to-back end trading solution for hedge funds & asset managers....show more

SAP and Deutsche Börse partner

Deutsche Börse AG and SAP have entered a strategic partnership to advance digitalization and standardize the IT systems of the stock market operator and market structure provider. ...show more

FXCubic teams up Libertex for liquidity services

FXCubic has announced a partnership with online broker Libertex to provide proprietary liquidity aggregation and price management systems...show more

Tradier teams with Q.ai

Tradier is teaming up with Q.ai, a Forbes company, to bring advanced AI-driven intelligent investing to retail investors....show more

Refinitiv expands FX post-trade analysis and compliance solutions

Refinitiv has launched Refinitiv Compliance Archive (RCA), a unified compliance archive for unstructured message and trade data from over 50 sources which is designed to help compliance teams reconstruct, oversee and efficiently analyze activity....show more

CMTA releases Digital Assets Custody Standard

The Capital Markets and Technology Association (CMTA), an independent Swiss association has released the “Digital Assets Custody Standard” (DACS), a set of requirements and recommendations for technology solutions enabling the custody and management of digital assets...show more

NatWest Markets picks Dataiku ML platform

Dataiku, one of the world’s most advanced Enterprise AI and machine learning platforms, has announced a partnership with NatWest Markets, which offers risk management, trading solutions and debt financing to customers of NatWest Group....show more

Banco Monex offers access to CLSSettlement 

CLS has announced that Banco Monex has become the first Latin American third-party service provider of CLS’s leading payment-versus-payment (PvP) FX settlement service, CLSSettlement....show more

Digital Assets & Blockchain News

OTCXN Signs International Crypto Broker OSL

OTCXN, a blockchain-powered capital markets infrastructure company is pleased to announce that OSL, the largest OTC digital asset brokerage company in Asia-Pacific, has joined the OTCXN network. OSL is now a Core Liquidity Provider in cryptocurrencies for OTCXN’s rapidly expanding institutional client base. ...show more

Active Client Trading Starts on OTCXN Block Trading Venue

OTCXN, a blockchain-powered capital markets infrastructure company, announced that it has launched its OTC Block Trading venue for Crypto trading. ...show more

Prime Trust joins the OTCXN Network

OTCXN, a blockchain-powered capital markets infrastructure company has announced that it has signed Prime Trust to serve as a neutral, third-party custodian of assets for trading entities and exchanges that use OTCXN technology to facilitate clearing and settlement of OTC block trades and cross-exchange trading. Prime Trust is a chartered, regulated and insured trust company with full fiduciary powers and AML/KYC procedures supporting both US and international clients....show more

Kingdom Trust Joins the OTCXN Network

OTCXN, a blockchain-powered capital markets infrastructure company, announced that it has signed Kingdom Trust to serve as a neutral, third-party custodian of assets for trading entities and exchanges that use OTCXN technology to facilitate clearing and settlement of OTC block trades and cross-exchange trading. Kingdom Trust is the first regulated financial institution to offer qualified custody for digital asset investments like Bitcoin and Ethereum, with more than $12 billion in custody....show more

Blockfills now live with TradAir’s Crypto trading technology

TradAir has announced that digital asset trading experts BlockFills, are now live using TradAir’s Crypto trading technology. ...show more

smartTrade Technologies launches blockchain-based post-trade solution

A new and fully integrated smartTrade solution captures and sends post-trade data to a private and permissioned Distributed Ledger....show more

DMALINK joins OTCXN’s Early Adopter Program

OTC Exchange Network ("OTCXN"), an institutional trading network and technology provider focused on using blockchain technologies to re-engineer and solve the biggest problems in the largest markets in the world, including the FX and Cryptocurrency markets, is announcing that DMALINK, a London-based independent electronic trading venue for professional foreign exchange traders, has joined OTCXN’s Early Adopter Program as a liquidity provider....show more

OTC Exchange Network joins the FIX Trading Community

OTC Exchange Network ("OTCXN"), an institutional trading network and infrastructure provider utilizing blockchain technologies, is now a member of the FIX Trading Community.  CEO Rosario M. Ingargiola has also been named to the Digital Currency & Blockchain Working Group. ...show more

JFD Brokers offers new trading product:Bitcoin

Leading forex and CFDs brokerage JFD Brokers has launched a new trading product, offering clients the opportunity to capitalise on the recent Bitcoin trend, while benefiting from the brokerage’s excellent trading conditions....show more

OTC Exchange Network joins the Chamber of Digital Commerce

OTC Exchange Network ("OTCXN"), an institutional trading network and infrastructure provider utilizing blockchain technologies, is now a member of the world’s leading trade association representing the blockchain industry. ...show more

OTC Exchange Network appoints Drew Rasmussen as CTO

OTC Exchange Network ("OTCXN"), an institutional trading network and technology provider focused on using Blockchain technologies to solve the biggest problems in the largest markets in the world, has announced that it has appointed Drew Rasmussen as Chief Technology Officer (CTO) of the company. ...show more

Wall Street Blockchain Alliance adds OTC Exchange Network as corporate member

The Wall Street BlockchainAlliance (WSBA), has announced that OTC Exchange Network (OTCXN) has joined the organization as a corporate member. OTCXN is utilizing blockchain technologies and smart contracts for its peer-­‐to-­‐peer trading network, which will launch initially for the global foreign exchange market. ...show more

South Korea’s startup blockchain

News just in from the Korean Stock Exchange, which has launched the Korean Startup Market (KSM) to enable OTC trading in the equity shares of startup companies. The aim is to support the funding of “promising” startups, and to facilitate M&A activity. ...show more

Mobile BTC/INR trading in India

Bangalore-based Unocoin has launched a mobile app, for both iOS and Android devices, that gives customers 24/7 access to real-time Bitcoin market prices and instantaneous trading....show more

Bitcoin in Japan – it’s an insured thing

Tokyo-based Mitsui Sumitomo Insurance is planning an insurance policy to protect Bitcoin exchanges and their customers. Coverage from 10 million to 1 billion yen will be offered against losses due to cyberattacks and other unauthorized access, as well as “mistakes and impropriety by employees”....show more

Going Deutsche on new technologies

Deutsche Bundesbank and Deutsche Börse have announced a joint “conceptual study” into the viability of blockchain technology for financial transactions. First stage in the study was the development of a functional prototype for the blockchain technology-based settlement of securities. ...show more

Belfast

Egalitarian internet innovator Rakuten, which is based in Tokyo, Japan, has just opened the Rakuten Blockchain Lab (RBL) – in Belfast, UK. Why? Stephen McNamara, chief technology offi cer, RBL, says: “There is a very strong engineering community here in Belfast and the lab will contribute to and benefit from the ferment of creative energy that exists here....show more

Vanuatu

Lykke, the Swiss start-up engaged in building a blockchain-based FX/asset marketplace (see eForex January 2016), has been granted a broker licence, its fi rst, by the Vanuatu Financial Services Commission. ...show more

Buenos Aires

Smart-contract platform RSK has brought together a number of Bitcoin exchanges and companies in support of the RSK Federation, which aims “to run smart contracts secured by the Bitcoin network”. ...show more

United Arab Emirates

Dubai’s Global Blockchain Council GBC, formed in February this year, has announced seven pilot projects. These include Operation Kimberly, which aims to modernise the verification process for diamond trading, thus combating the trade in blood diamonds, and the Trade Flow project, which “looks to provide digital transaction services using the blockchain, as well as reducing costs, increasing security and providing superfast services to users”....show more

Singapore

Increased complexity in Singapore’s payments infrastructure, alongside some regulatory overlap, has prompted the Monetary Authority of Singapore (MAS) to propose a new regulatory framework for payment providers. ...show more

Tokyo

SBI Ripple Asia has announced the formation of a consortium of 15 Japanese banks that will network together to use Ripple’s technology for payments and settlement. The consortium’s new payments platform will “enable round the-clock settlement at a significant savings to both banks and consumers”. ...show more