Post-trade
Capitolis and Nex partner for FX novation
Capitolis Novation will be accessible through Nex Infinity and as a standalone service
Quick to distribute Fenics’ Kace products in Japan
The agreement enables Quick to offer an integrated solution to clients
DTCC partners Symphony for exception management
The integrated product could be available in early 2019
Hampton joins Cobalt as head of sales
Anoushka Hampton will move to London for new role, after spending two years with Traiana in New York
Darren Coote to steer Cobalt
He takes the helm at the post-trade firm ahead of some key product launches
BidFX joins MarkitServ’s FX network
The firm expands range of post-trade processing services it offers clients
Barrow joins Nex’s Enso as head of Emea
Chris Barrow moves from Brown Brothers Harriman
Hooker to join Capitolis
Darryl Hooker, former co-head of EBS BrokerTec Markets, is set to join Gil Mandelzis-led Capitolis as a consultant
Nex Infinity DLT could go live this quarter – Choussy
The DLT element is ready from a technical perspective
Cobalt goes live on BT Radianz
With this latest development, the firm is bringing the FX post-trade world to a new level
Awards: Cobalt
Cobalt has been voted Best Post-trade Services Provider at the 2018 FX Week e-FX Awards
Venue competition heats up as e-FX volumes plateau, says Greenwich
Following 74% growth in electronically executed FX in 2007-14, volumes flattened for four years
Cobalt unveils credit-management platform
Credit providers can see exposures in real time
SGX invests in Cobalt
Asian exchange’s investment reinforces those made by Citi and others over the past two years
Societe Generale adds BestX to TCA suite
The independent transaction cost analysis tool will complement the bank’s own TCA product for algo-executed trades
triReduce enhances compression
The firms says the new Trade Revision functionality can improve compression efficiency by up to 50%
McDermott to join SocGen as Americas FXPB head
Brian McDermott is set to join Societe Generale on April 23, after resigning from Traiana
JP Morgan invests in AccessFintech
The risk management services firm, led by Roy Saadon, will work with the bank to test its technology
Elysium partners Cryptalgo for cryptocurrency trading solutions
The firms introduce the solution to financial institutions as interest in digital currencies rises
TriReduce CLS FX expands compression service to third parties
All market participants can now take advantage of the compression benefits
Mifid transparency has failed so far, say traders
Poor-quality, inaccessible data and the lack of instruments covered undermine use case
TCA costs up to 12% of tech budgets – Greenwich
A survey of buy-side equity trading desks shows 86% use TCA, which can make up 12% of their technology budget
SmartStream hires Kilcoyne and promotes Schiebl to COO
The two men are veterans in building and managing fintech solutions
FastMatch to add cryptocurrencies to FX Tape
The venue plans to support trading of the asset class later this year