Global post-trade solutions provider OSTTRA has announced the launch of an FX PvP settlement orchestration service designed to mitigate bilateral settlement risk between participants, while optimising intraday funding, liquidity, and credit risk. The PvP service will be delivered on proven distributed ledger technology (DLT) from Baton Systems and marks a significant milestone in increasing market wide access to PvP, helping to address FX settlement risk concerns.  The focus will be on settling flows not currently settled on CLS, including non-CLS eligible transactions such as offshore Ch ..read more

Australia and New Zealand Banking Group (ANZ) has joined CobaltFX’s Dynamic Credit platform to manage credit exposure for FX trades on interbank trading venues. ANZ’s adoption of the platform demonstrates their view on the importance of a real-time, centralised FX credit management system, managing multiple trading venues from a single central global limit set, using dynamic distribution of credit availability. ANZ is the latest among a group of forward-thinking institutions seeking greater control, efficiency, and an alternative to outdated market access methods. David Thorne, ANZ Head of eFI ..read more

The sustained levels of investment into FX and precious metals serve to highlight the paramount importance of these businesses to the whole UBS franchise. These asset classes are also considered key offerings for both institutional and wealth management clients, who form the DNA of the UBS core business model, says Hoeger. “UBS is already a powerhouse in the FX market and we continue to push ahead,” he adds. “We are investing heavily in the business across the board. In addition, the recent combination of UBS with Credit Suisse has only served to provide further opportunities to scale our bus ..read more

In 2023, the Bank of International Settlements reported that daily new FX swap contract volumes averaged $4 trillion. Undoubtedly, rising interest rates have played a part in increasing demand for Swaps. But what about other factors like higher capital charges for repos and money market instruments? Vivek Shankar investigates. Brian Bunyan, Product Manager at Barracuda FX, part of the ION Markets (FX) product suite, says they have certainly played a role. “Banks are seeking ways to reduce the impact of capital charges imposed by the Basel capital framework,” he says. “Given the off-balance she ..read more

Finalto Asia and oneZero are extending their partnership to boost liquidity for trading customers in the Asia-Pacific region. The addition of the Equinix Tokyo data center to existing New York and London data centers marks a significant upgrade to the reach of Finalto’s oneZero curated liquidity offering that is available to Asia-Pacific customers.   oneZero’s CEO and Co-Founder Andrew Ralich commented: “I am pleased to be cementing the fruitful partnership that Finalto and oneZero has shared globally. By leveraging our Institutional Hub, the addition of the Equinix Tokyo data center mark ..read more

For corporate participants in Australia’s FX markets, commodity markets continue to be a material driver of total volumes and trends in currency flows, says Cameron Peter, managing director of Peter Lee Associates (PLA). “Corporate volumes across the natural resources and the food, beverage and agribusiness sectors – the two key commodity/export-based sectors – generated 61% of all reported volumes in 2023.  They also generated 95% of all of the growth in corporate volumes between 2020 and 2023. However, this growth trend plateaued between 2022 and 2023, as commodity prices leve ..read more

Chris you have a wealth of experience from a 30-year career in FX sales. How will you be harnessing that to help AlpFin grow and strengthen its market position?  I first started at AlpFin by putting together a robust business plan which was validated by management. This was comprised of a series of pre-marketing steps necessary to strengthen our platform before reaching out to clients. Now that this has been achieved, I am fully focused on the onboarding aspect of my responsibilities. From a sales perspective, I have built my sales career on establishing meaningful relationships with trus ..read more

GCEX has announced the release of its most sophisticated margin trading platform, XplorTrader. This upgrade signifies a major step forward in catering to the increasingly sophisticated demands of institutional and professional traders, offering unprecedented flexibility and control for enhanced operational efficiency. In response to the market’s need for a comprehensive, easily customisable white-label solution, GCEX will now incorporate the newly unveiled XplorTrader into its white-label package – XplorBroker in a Box. XplorTrader grants brokers unparalleled flexibility in tailoring both visu ..read more

In the past you have talked about the lack of execution flexibility that some clients still face. Please tell us more about what these challenges are and the problems they can create. Our vision for Reactive Markets is to build a market utility that helps our clients optimise their OTC trading regardless of how they want to execute. We have 30 leading liquidity providers supporting spot FX, forwards, NDFs and FX Swaps, via streaming, RFQ and bank algos and everything is available over our low latency API, global UI and mobile app.   The Reactive Markets platform is designed from the outse ..read more

Wells Fargo & Company has announced plans to launch new electronic Foreign Exchange pricing capabilities in Singapore in the second half of 2024. The launch, supported by the Monetary Authority of Singapore (MAS), aims to deliver a lower latency trading environment to clients and promote greater efficiency for the Singapore and wider APAC Foreign Exchange (FX) markets. With the local pricing capability now available via the Singapore SG1 Data Center (SG1), Wells Fargo will be able to connect with more of its clients in APAC as well as price and execute eFX transact ..read more