Sumitomo Mitsui Banking Corp. (SMBC) is a new liquidity provider of SGX FX, an Asian FX Futures exchange, and the partnership is intended to improve the liquidity and depth of SGX FX’s offerings and to help traders and investors with greater access to Japan’s financial markets, officials say. The partnership will provide access to SMBC’s… Read More >>
BNP Paribas Adds Analytics to FX Credit Allocation
French banking giant BNP Paribas has added to a solution that it’s using to streamline the allocation of credit for FX transactions between banks — Dynamic Credit from CobaltFX — with the deployment of the CobaltFX Analytics offering, officials say. The newly launched CobaltFX Analytics offering builds on the Dynamic Credit product, which has been… Read More >>
Did FX Workarounds Help Firms Get to T+1?
The foreign exchange (FX) industry has been tight-lipped since North America transitioned to a shorter settlement cycle a little over a month ago. However, more light is being shed on the operational workarounds buy-side firms deployed to meet the deadline. Though concerns about FX liquidity and pricing prior to the transition have not necessarily materialized,… Read More >>
CLS Will Not Adjust FX Settlement for T+1
Players in the foreign exchange (FX) industry are being forced back to the drawing board when it comes to settling currency transactions on a T+1 basis after CLS Group, a key player in FX settlement, announced last week that it will refrain from making operational modifications to its CLSSettlement multi-currency settlement system. Back in February,… Read More >>
Deciphering Traders’ Jargon for Criminal Intent: Q&A
(Editor’s note: When the news hit that Standard Chartered had been fined $40 million via foreign exchange (FX) trading rigging charges, Juan Diego Martin, chief operating officer (COO) of Fonetic, reached out to FTF News to express his opinion about the matter. “Events like today show that missing any nefarious trader communications is no longer… Read More >>
