CLS Group, a provider of risk mitigation and operational services for the global foreign exchange (FX) market, has completed the upgrade its settlement members to a new member gateway and market infrastructure (MI) channel. CLS’s settlement members include 66 of
The Warsaw Stock Exchange (GPW) and ACI Polska (the Polish Financial Markets Association) have signed an agreement whereby GPW will take over as the fixing organiser of the WIBID and WIBOR reference rates. GPW becomes both the reference rate fixing
Euronext has agreed a 10-year partnership with fixed income technology provider Algomi to create a new trading facility aimed at improving liquidity in the pan-European corporate bond market. The joint venture, capitalised by Euronext for USD2.3 million, will deploy Algomi’s
LMAX Exchange, a multilateral trading facility (MTF) for FX, has joined the IPC FX Hub in the Equinix NY4 data centre. The IPC FX Hub supports the global foreign exchange markets through data centes in key markets such as London,
The London Metal Exchange (LME) and Henry Bath, whose shareholders include CMST Development and Mercuria Energy, have set up a pilot programme for the launch of the LMEshield commodities safeguarding system in China. During the pilot programme, which will run
Object Trading, a provider of multi-asset trading infrastructure, has been fully approved by BM&F Bovespa in Sao Paulo as a conformed ISV to handle market data, order entry and pre-trade risk constraints via its Direct Market Access (DMA) platform for
City Index has reduced its spreads across a wide range of FX pairs, with AUD/USD, EUR/USD and USD/JPY now to be priced from 0.5 pts and GBP/USD from 0.8 pts. The move signals a shift from fixed to variable spreads
Clearpool Group, a service provider of electronic trading software solutions and independent agency broker dealer execution services, has joined the IPC Financial Markets Network. IPC's community of financial market participants around the world can now access Clearpool's Algorithmic Management System
Intercontinental Exchange (ICE) has introduced central clearing for the IBA Gold Auction which underlies the LBMA Gold Price that is planned to go live in March 2017, and the launch of a new London gold daily futures contract in February
Elixium, a regulated multilateral trading facility (MTF) for collateral and secured deposits, has executed its first collateral financing transaction between buy-side collateral and liquidity providers. Citibank, as cash management agent, executed on behalf of CME Clearing Europe, while Insight Investment
