The Swiss National Bank (SNB) has taken yet another bold step in 2024, announcing its third interest rate reduction this year. The latest cut of 25 basis points brings the key interest rate down to 1.0%, marking a significant shift in the bank’s monetary policy. As Switzerland faces subdued inflation and a surging Swiss franc,…
Societe Generale will now deliver Tradefeedr trading analysis to clients via an API, while Societe Generale’s FX algos will be featured in Tradefeedr’s Pre-trade Algo Forecasting service. “We are confident that we can leverage Tradefeedr’s service to improve client outcomes across our algo and principal FX business lines”, said John Estrada, global head of FX…
DeFinity Markets has secured approval from the Jersey Financial Services Commission (JFSC) to launch an investment-grade digital assets matching and settlement platform. This initiative leverages Jersey’s Virtual Asset Service Provider (VASP) framework to offer bank-backed credit intermediation to investment-grade clients. “We are excited to expand our operations into the PB-backed institutional digital asset market,” said…
Standard Chartered has announced the launch of its digital asset custody service in the UAE. The service, which enables clients to safekeep their digital assets, has launched in the UAE due to its well-balanced approach to digital asset adoption and financial regulation. Bill Winters, Group Chief Executive of Standard Chartered Bank said: “The launch of…
Digital Vega and CME Group have announced the launch of a new FX options block trading service. Currently available for client testing, buy-side firms will be able to use existing OTC workflows on Digital Vega’s multi-bank platform Medusa to request quotes and trade blocks of FX options on futures. “Enabling customers to negotiate and trade…
Baton Systems has introduced new treasury management tools designed to optimise intraday liquidity, reduce costly buffers and mitigate risk in real-time. The new tools provide treasury managers with a dedicated dashboard with real-time insight into how individual counterparties are impacting liquidity across all business lines. By providing real-time firm-wide visibility and control across all available…
Centroid Solutions has announced a deeper collaboration with DXtrade to support the CFD white-label trading platform on Centroid Risk, Centroid’s risk management system. The partnership between Centroid and DXtrade began in 2021 with the integration of the DXtrade platform into Centroid Bridge, Centroid’s multi-asset connectivity bridge engine, providing broker clients of DXtrade with connectivity options…
Capitolis has successfully launched its fast-track Novations technology with the execution of a same day tear-up. Reaching this milestone, the first of its kind in the foreign exchange (FX) options market, will significantly reduce the time and resources required by banks, prime brokers, and hedge funds in the approval process. “Capitolis had already made tremendous…
BlockFills has announced a strategic partnership with New Change FX (NCFX), a distinguished provider of independent regulated FX benchmark data and crypto reference rate data. This collaboration will further cement BlockFills position as delivering a full range of best-in-class products and services designed to meet the sophisticated needs of institutional clients in the digital assets…
Nomura has joined FX HedgePool’s peer-to-peer matching platform for institutional FX swap liquidity, X•Match™ which provides institutional buy-side firms with a fully transparent and reliable source of FX swaps liquidity, free from market impact, information leakage, and unpredictable spreads. This is achieved through FX HedgePool’s innovative method of separating liquidity from credit, which allows buy-side…