Solutions
INTL FCStone’s precious metals division has launched a physical gold trading platform, PMXecute+.
PMXecute+ allows customers access to INTL's entire global inventory and network of supply partners, helping them find the best offers 24 hours a day, seven days a week.
Customers who do not see offers meeting their specific requirements (regarding quantity, specification or location) can use the platform's Request for Quote function, which notifies all relevant suppliers around the world.
Suppliers can anonymously create firm or indicative offers (premium, location, expiry date) on the platform for all customers to view and, if they like what they see,
The Depository Trust & Clearing Corporation (DTCC) has completed a proof-of-concept to better manage the netting process for US Treasury and Agency repurchase agreement (repo) transactions leveraging distributed ledger technology (DLT).
Working with Digital Asset, a developer of DLT solutions for financial institutions, the two companies have demonstrated for the first time the successful netting of “start” leg repo transactions with prior end-of-day net securities obligations in the DTCC environment.
With phase one now complete, DTCC and Digital Asset have progressed to phase two where they will form a stakeholder working group comprised of leading market participants active in
Interdealer broker Tradition has delivered an initial margin optimisation in FX, after extending its partnership with LMRKTS, a compression and analytics provider.
Tradition and LMRKTS announced a strategic partnership in 2016 to handle execution and compression processing for G10 FX Forwards. Earlier this month, the two firms completed a SIMM optimisation for NDFs with a group of Tradition’s clients.
Borrowing from the operational processes of their G10 Cash RWA and Leverage Reduction services, the live run incorporated exposure data from four banks, with the entire operational process, resulting in the processing of 132 sides of trades, being completed
The European Energy Exchange (EEX) and the independent carbon trading company Belektron have signed a cooperation agreement to further facilitate access to the primary market auctions at EEX.
The cooperation aims at opening the emissions auctions to a wider customer base, in particular, for smaller and medium-sized companies (SMEs).
Belektron will act as an intermediary who is admitted at EEX to enter bids into the auction system on behalf of its clients. The arrangements for bidding in the auctions via Belektron have been jointly developed by Belektron and EEX. In particular, Belektron guarantees to offer its services equally to
The Foreign Exchange Professionals Association (FXPA) has elected a slate of new board members, as well as four officers to serve on the its executive committee (ExCom).
FXPA members re-elected Chip Lowry (pictured), senior managing director of State Street Global Markets, as chair, and Sean Tully, senior managing director, financial and OTC products, CME Group, as treasurer.
FXPA members also elected two new officers to the ExCom: Fulinda Rouse, co-head of global accounts, EBS BrokerTec, as vice chair, and Paul Millward, head of FX product strategy, Bats Global Markets, as secretary.
Rouse succeeds Jill Sigelbaum, global head of
CQG, a provider of trade routing, market data and technical analysis tools, is to launch connectivity to the Warsaw Stock Exchange (GPW) for futures trading.
Through the new connection, CQG customers will have access to the WIG20 contract as well as equity, FX, WIBOR, and T-bond futures contracts.
CQG will provide direct market access to GPW through all of its platforms, including its flagship, CQG Integrated Client, which offers global market data and interfaces for electronic trading and order management. The new connection will enable CQG customers to build correlation dashboards to compare GPW contracts with other exchanges and
Bats Global Markets’ Bats One Premium market data product is now available for distribution across numerous FactSet products and platforms.
FactSet, a provider of integrated financial information and analytical applications, this month became the first distribution partner to offer the new product.
Bats One Premium, launched in February 2015, features five levels of real-time quoted depth and trade information across the four Bats US stock exchanges, and is geared towards the sophisticated professional investor.
“We’re excited about bringing our new, premium version of Bats One to market,” says Kevin Carrai (pictured), vice president, market data and access services
State Street Corporation has identified three elements leaders in financial services will need in order to excel in the new digital era, which it calls the “three Is of data” – integration, integrity and intelligence.
In its latest report, “Finance Reimagined: Finding Long-Term Value in a Digital Age”, based on a global survey of 2,000 investors and 500 investment providers, State Street argues the digital leaders – defined as those using digital technologies to transform their businesses – are excelling in the three Is.
They are doing so by integrating internal and external data; drawing new intelligence from it
Reg-Room has launched Reg-Impact, a technology solution designed to help banks, broker-dealers, advisers, insurers and hedge funds monitor rule and regulatory changes, allowing them to assess the impact on their organisations and create implementation plans and reports.
Reg-Impact helps to manage rules and regulatory assessments and compliance for an organisation on a real-time basis. It creates a forward-looking calendar and implementation plan for rules that require internal action to ensure effective compliance.
The rules are easily searchable by keyword or multiple filters including regulator, country, region, date-range and by type of legal entity, financial product or firm function.
Seabury Global Markets (SGM), a subsidiary of Seabury Capital and a provider of FX liquidity management and trade execution solutions, has teamed with Spotex and SBI FX Co to launch a suite of electronic forex products.
SGM has been selected by BYFX, the trading name of SBI FX Co, which recently launched a new leveraged foreign exchange business in Hong Kong, to be the end-to-end technology partner supplying a full suite of tools and functionality that covers ECN and peer-to-peer liquidity, back office systems, margin and credit modules along with other crucial components such as white label trading front end
