Latest Forex News

BNY Mellon to Launch FX Prime Brokerage Service

BNY Mellon has announced plans to address the increasingly complex and capital-constrained FX market by launching a prime brokerage service for its institutional clients. ...show more

Barracuda FX launches OMS Cloud

Order management specialists Barracuda FX have launched OMS Cloud, creating a brand new product designed to allow banks of all sizes to be active in using OMS technology....show more

Benefits of switching from OTC FX trading to FX futures finds Greenwich Associates report

There are significant economic benefits from switching from traditional OTC FX trading to FX futures, according to a new report from Greenwich Associates....show more

Launch of trading on Cboe SEF

Cboe Global Markets, Inc. has announced the launch of trading on Cboe SEF, a next-generation swap execution facility (SEF)....show more

TNS launches new Cloud connectivity services

Financial organizations who want to include cloud services within their trading infrastructure can now benefit from a new connectivity solution from Transaction Network Services (TNS) which addresses the mission-critical requirements of the global financial markets. ...show more

NEX Optimisation offers central clearing connectivity

NEX Optimisation has announced that it has provided central clearing connectivity for its FX risk mitigation service in non-deliverable forwards....show more

Ambitious growth plans for IS Prime in 2018

IS Prime is continuing to grow at a significant rate, following on from its impressive financial results announced last year.  Key plans for 2018 include expansion of its Agency Execution business, growth in the APAC region and new hires in London and Hong Kong....show more

R5FX and SHCH launch cross-trading connection

R5FX is launching a cross-trading connection with Shanghai Clearing House (SHCH), which will allow local Chinese banks to trade FX offshore for the first time....show more

Digitec creates new software solution

Digitec are celebrating the creation of a new software solution for the forex market, with their D3 system offering ground breaking applications for prospective clients. ...show more

Busy year ahead for FastMatch

FastMatch, the electronic communication network for forex trading, has announced that it will open a new sales office in Greenwich, Connecticut, to add to their outlets in New York, London and Moscow. The move is in order to be located near to some of their major clients, including hedge funds and buy side firms which are relatively new for the company....show more

IPC collaborates with the Japan Exchange

IPC has announced the launch of a new managed service in collaboration with Japan Exchange Group, Inc. (JPX) which will provide a one-stop-shop to international connectivity between JPX and the financial markets in Chicago. JPX-Chicago Co-Location Direct will provide a low-latency and efficient interconnection between Asian and US markets....show more

Crown Agents Bank launches EMpowerFX

Crown Agents Bank has launched a new online foreign exchange trading platform – EMpowerFX allowing clients to gain access to competitive prices on both emerging market and major traded currencies....show more

Stater Global Markets partners with PrimeXM

London-based FCA regulated Prime of Prime, Stater Global Markets has added PrimeXM to its select roster of technology partners...show more

JFD Brokers launches Real Stocks

Leading international brokerage JFD Brokers has announced it is launching a new trading product, offering clients the opportunity to trade physical shares from its platform MT5+...show more

LMAX Exchange liquidity now available through Seabury FXone

LMAX Exchange has announced that its global liquidity has been added to Seabury’s FXone trading platform...show more

Fluent partners with MOEX

Fluent Trade Technologies (Fluent) has announced that it has partnered with Moscow Exchange (MOEX), to provide clients and prospects with simple and secure access to the MOEX UAT integration and testing environment. ...show more

State Street goes live on FXSpotStream

FXSpotStream LLC has announced that State Street went live in November as the 13th liquidity providing bank to its FX and Precious Metals price aggregation service....show more

Absa joins CLS as a new settlement member

CLS Group has announced that Absa Bank Limited has joined as a settlement member...show more

LBC Express adopts Bloomberg’s FX Platform

LBC Express Holdings Inc (LBC), a leading logistics company in the Philippines, has adopted Bloomberg’s Foreign Exchange electronic trading platform (FXGO) to support its treasury function as it continues to expand and boost growth. ...show more

JFD Brokers launches Real Stocks

Leading global brokerage JFD Brokers has announced the launch of a new trading product, offering clients the opportunity to trade physical shares from its platform MT5+. JFD is already a renowned international FX and CFD broker; with this launch, the company will become a true multi-asset broker, remaining one step ahead of its competition within the MetaTrader realm....show more

DIGITEC reshuffles Senior Management Team

Andreas Kiesselbach has been named Director at German-based pricing technology provider DIGITEC....show more

Vietcombank selects Thomson Reuters Electronic Trading

Vietcombank has announced that it has selected Thomson Reuters Electronic Trading (ET) to power its business in Vietnam and strengthen its presence in both the local and international foreign exchange markets. ...show more

LEVERJ launches Cryptocurrency Derivatives Trading Platform

Leverj, a decentralized platform for cryptocurrency derivatives trading, which is supported by ConsenSys, the world’s largest Blockchain venture studio – plans to unveil its highly anticipated platform to traders interested in leveraged cryptocurrency trading...show more

Central Banks are Trialling Blockchain

Central banks and other public sector institutions are actively involved in distributed ledger technology (DLT) experiments and trials, says first Global Blockchain Benchmarking Study by the Cambridge Centre for Alternative Finance. 57% of surveyed central banks are experimenting with the Ethereum codebase. Report highlights rapid growth of DLT, along with regulatory and other issues needing attention to unlock full potential....show more

China Construction Bank Partners IBM for Blockchain Solution

China Construction Bank and IBM have announced the development of the first blockchain-enabled bancassurance project in Hong Kong. Built on the IBM Blockchain Platform, the solution is designed to streamline CCB (Asia)’s bancassurance process and greatly enhance customer experience and the quality of services delivered through faster transaction processing time and increased transparency...show more

LedgerX receives U.S. Federal Government License

LedgerX, the New York-based institutional trading and clearing platform for digital currencies, receives approval to operate the first U.S. federally-regulated exchange and clearing house for derivatives contracts settling in digital currencies....show more

DV Trading joins OTC Exchange Network Early Adopter program

OTC Exchange Network ("OTCXN"), an institutional trading network and technology provider focused on using blockchain technologies to re-engineer financial markets by building digital asset exchanges and directly connecting market participants, is announcing that DV Trading, a Chicago-based proprietary trading group, has joined OTCXN’s Early Adopter Program as a liquidity provider...show more

FXSpotStream adds State Street as 13th Liquidity Provider

FXSpotStream LLC, a wholly owned subsidiary of LiquidityMatch LLC, has announced that State Street has joined the Service as a liquidity providing bank to FXSpotStream’s price aggregation service. State Street is the 13th bank available to clients connected to FXSpotStream’s Service....show more

DV Trading joins OTC Exchange Network Early Adopter program

OTC Exchange Network ("OTCXN"), an institutional trading network and technology provider focused on using blockchain technologies to re-engineer financial markets by building digital asset exchanges and directly connecting market participants, is announcing that DV Trading, a Chicago-based proprietary trading group, has joined OTCXN’s Early Adopter Program as a liquidity provider....show more

FXSpotStream plans addition of 13th Liquidity Provider and expansion of product offering

FXSpotStream is a bank owned consortium founded in 2011 and operates as a market utility. It provides multibank FX streaming, RFS and matching services supporting trading in FX Spot, Forwards, Swaps, NDF/NDS and Spot and Swap Precious Metals.  Clients can access a GUI or single API from co-location sites in New York, London and Tokyo.  With FXSpotStream, clients preserve their direct relationship with their Liquidity Providers as trading is fully disclosed and bilateral.  ...show more

Avelacom chooses Metamako

Global connectivity provider Avelacom has announced that it is now using Metamako, a leading specialist provider of FPGA-enabled, highperformance networking devices, to significantly accelerate its network processing power and keep latency to an absolute minimum. ...show more

PrimeXM opens new London office

PrimeXM has set up a new office in the city of London as part of its strategy to expand its offering and to be closer to clients in the region....show more

Forexware releases new gateway

US-based technology provider Forexware has announced that it has developed a gateway to link OTC FX with Exchange Traded Futures and Equities in MetaTrader 5....show more

CMC Markets integrates with FlexTrade

CMC Markets has integrated with FlexTrade Systems to enable the wider dissemination of its proprietary CFD liquidity. ...show more

Gold-i updates data analytics module

Gold-i has updated its data analytics module, Insight, for its multi-asset Matrix liquidity management platform to offer greater granularity to brokers who are aggregating their flow across multiple LPs....show more

IS Prime delivers impressive financial results

IS Prime has announced impressive results for year ending 31 March 2017, with a threefold increase in revenue and a 900% increase in operating profit. ...show more

ADS Securities introduces bitcoin CFD trading

ADS Securities has announced the introduction of bitcoin CFD trading for MENA clients using its MT4 platform. Jason Hughes, Global Head of Retail Sales commented that, “We will be the first brokerage in the MENA region to offer bitcoin trading. ...show more

Integral announces solutions for MiFID II compliance

Integral will deliver its entire platform with services necessary to meet MiFID II requirements, the company has announced, including assistance with pre-trade and post-trade transparency, surveillance, TCA, reporting and record keeping....show more

JFD Brokers launches MT5+ software

Partners, IBs and clients of leading FX & CFDs brokerage, JFD Brokers, can now benefit from the recent launch of the company’s exclusive MT5+ software. ...show more

Cobalt joins BT Radianz Cloud

Cobalt, the FX post-trade processing network based on distributed ledger technology, has joined the BT Radianz Cloud. Organisations can now access Cobalt’s private peer-to-peer and blockchain services via their highly secure and resilient Radianz Cloud connections....show more

TNS launches new service in Frankfurt

Brokers, buy-side organizations and vendors wishing to locate in Frankfurt’s FR2 data center are being given a strategic advantage with a new Managed Hosting, Co-Location and Connectivity Service from Transaction Network Services (TNS). ...show more

Stater Global Markets announces real futures product

London-based FCA regulated Prime of Prime brokerage, Stater Global Markets has broadened its product range with the introduction of exchange traded futures....show more

TradAir rolls-out enhanced Full-Amount execution logic

TradAir has rolled-out enhanced Full-Amount execution logic, further improving upon its existing Full Amount execution performance....show more

ForexClear clears $1 trillion of notional in one month

LCH has announced that its ForexClear service processed over $1 trillion in notional over the course of August, setting a new monthly record. ForexClear has seen demand for its NDF clearing service significantly increase since the introduction of the uncleared margin rules in September 2016....show more

TradingScreen launches BidFX

TradingScreen Inc has recently launched BidFX, an EMS designed for the $5 trillion daily FX market. ...show more

CFH Clearing offers streaming Liquidity in Cryptocurrencies

CFH Clearing is rolling out liquidity in Bitcoin through FIX and MT4 and will soon be adding Ethereum, Litecoin and Dash. The products will be treated as CFDs so there is no delivery of cryptocurrencies or a need for clients to maintain a wallet. ...show more

XTX Markets moves to Zero Hold Time model

XTX Markets has announced it is now operating a ‘zero hold time’ (ZHT) model in its application of last look to its FX counterparty businesses....show more

GTX launches ‘full-amount streams’

Institutional foreign exchange trading platform GTX has launched ‘full-amount streams’...show more

360T launches new spot marketplace

360T has recently launched its new spot marketplace....show more

Blockchain News

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