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2 weeks ago | 
risk.net | Emma Siponmaa
A new foreign exchange swaps venue that gives voice trading desks the ability to match interest with e-books run by some of the biggest dealers could mark a significant step forward in the electronification of the interdealer market, its founders say.
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3 weeks ago | 
risk.net | Emma Siponmaa
In algorithmic trading, government bonds have been the poor cousin to asset classes such as foreign exchange and equities. As recently as 2022, none of the largest dealers offered client execution algorithms for the $1 trillion-a-day US Treasuries market. But times are a-changing.
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1 month ago | 
fx-markets.com | Emma Siponmaa
Tweet Facebook LinkedIn Save this article Send to Print this page A US technology vendor is aiming to offer combined trades in multiple asset classes, as part of a wider effort to push electronic trading for more complex products. OneChronos, which operates an alternative trading system (ATS) for equities, will extend its auction system to the foreign exchange spot market, enabling users to co-ordinate related transactions – a stock buy with a currency hedge, say.
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1 month ago | 
risk.net | Emma Siponmaa
A US technology vendor is aiming to offer combined trades in multiple asset classes, as part of a wider effort to push electronic trading for more complex products. OneChronos, which operates an alternative trading system (ATS) for equities, will extend its auction system to the foreign exchange spot market, enabling users to co-ordinate related transactions - a stock buy with a currency hedge, say.
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2 months ago | 
risk.net | Emma Siponmaa
Citi is deploying its new-look single-dealer platform to emerging markets in a bid to offer better and faster electronic onshore pricing to users through a single gateway. Following the relaunch of Velocity 3.0 in 2023, the US bank has focused on consolidating its various electronic foreign exchange pricing platforms - including CitiFX Pulse, its execution and treasury management platform for corporate clients - into a single application programming interface (API).
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2 months ago | 
risk.net | Emma Siponmaa
In an unwelcome echo of the famous Dickensian legal dispute, Jarndyce v Jarndyce, derivatives dealers are locked in an interminable series of lawsuits with Italian local authorities who are resisting claims that they have reneged on interest rate swaps, many of which date back before the 2008 financial crisis.
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2 months ago | 
risk.net | Emma Siponmaa
Calculation agents will play a bigger role under the International Swaps and Derivatives Association's new foreign exchange definitions, while the definition of "impossibility" in disruption events will also be updated. Isda is updating its rule book for trading FX derivatives, after the Russian invasion of Ukraine in 2022 exposed flaws around the management of disruption events and disrupted price sources.
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Jan 23, 2025 | 
waterstechnology.com | Emma Siponmaa |Anthony Malakian |Max Bowie |Rebecca Natale
Tweet Facebook LinkedIn Save this article Send to Print this page Every day, thousands of bilateral trades in cash and derivative instruments are arranged via Bloomberg instant messages on the tech firm’s ubiquitous terminals, with parties sending out requests for quotes (RFQs), haggling over prices, and exchanging market color. However, the process is often cumbersome, requiring salespeople to manually cut and paste information between chat windows.
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Jan 22, 2025 | 
risk.net | Emma Siponmaa
A new framework for handling disruption events is at the core of work being carried out by the International Swaps and Derivatives Association to update its foreign exchange and currency option definitions, which is expected to be finalised this year.
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Jan 17, 2025 | 
fx-markets.com | Emma Siponmaa
Every day, thousands of bilateral trades in cash and derivative instruments are arranged via Bloomberg instant messages on the tech firm’s ubiquitous terminals, with parties sending out requests for quotes (RFQs), haggling over prices, and exchanging market colour. However, the process is often cumbersome, requiring salespeople to manually cut and paste information between chat windows. This slows down pricing and results in patchy data capture. But moves by Bloomberg to offer automated RFQ
