“Recent global uncertainties have prompted nations to prioritize the secure production and distribution of semiconductors. Consequently, our STOXX Semiconductor 30 Index Futures are reflecting the growing appetite for semiconductors as a new investment theme. We are seeing a noticeable demand from Asia in particular, as Taiwanese companies are well represented in the index.”
Institutional FX
All the latest news and current affairs from the institutional FX and CFD space, including liquidity providers, buy-side and sell-side firms, prime brokerages, and interbank players.
“It is an exciting time here at iSAM Securities, as much of our planning and preparation is due to bear fruit in 2024.”
“The move puts the CMC Prime product array in easy reach of hundreds of financial institutions from across the globe, by allowing them to leverage their existing technology partnerships and transact with us in a way that requires limited additional resources.”
Dallas-based Apex Fintech Solutions, a provider of custody and clearing services, has confidentially filed for an initial public offering (IPO), has acquired AdvisorArch, a portfolio management and rebalancing software provider for financial advisors.
“We have worked directly with the market to design the TRF contracts, which allow clients to benefit from trading in a U.S. time zone, against the closing MSCI index level and report the trade on the same day, utilizing the truly global nature of ICE’s equity derivatives offering.”
“The payments opportunity in Asia-Pacific is significant, and Singapore’s excellent infrastructure, world-class regulatory system, and strategic geographical location serve as an ideal base for accelerating future payments innovation across the region.”
Tools for Brokers (TFB), a global tech provider serving the financial trading industry, has announced a strategic partnership with Broctagon, which provides multi-asset liquidity and forex solutions.
OSTTRA and Baton Systems’ partnership represents a pivotal development in mitigating FX settlement risk, promising enhanced efficiency and safety in the FX market, which sees a daily turnover of US$2.2 trillion settled outside of CLS.
“The combination of quantitative tightening, heightened collateral supply, and current rates market activity shifted more balances from the Federal Reserve’s reverse repo facility to money markets. Retail money markets activity was strong as interest rates remained elevated and market expectations for rate cuts moved further into 2024.”
“The buy-side is our fastest growing client segment and firms typically have many different sources of pricing and reference data combined with increasingly data-hungry business stakeholders and more granular external reporting requirements. Effectively aggregating, validating and then putting this data to work in critical business applications such as Murex becomes ever more critical.”
FXSpotStream’s trading venue, the aggregator service of LiquidityMatch LLC, reported its operational metrics for February 2024, which moved lower on a monthly basis.
“By combining our expertise in Prime of Prime services with LSEG’s robust trading platform, we aim to empower clients with the tools and resources needed to navigate the FX market with confidence.”
Cboe’s institutional spot FX platform, known as Cboe Spot, today announced its trading volume for the month ending February 2024, which took a step back after a strong rebound in December.
Exegy has incorporated intraday signals into its AI-powered iceberg order detection tool, Liquidity Lamp. By adding intraday data to a baseline mean reversion strategy, Exegy’s model outperformed the baseline by 10.5% and the S&P 500 (SPY) by 31.8%, respectively in the out-of-sample testing.
“For the first time, ICE’s users will have a single, integrated platform for chat and voice that matches both traders’ need for always-on, instantaneous connectivity with other traders, and firms’ desire for easy-to-access and use records that help them meet their record retention requirements.”
“Our clients, who recognize we have the best algos in the industry, are excited about this opportunity. They can use our powerful tools to automatically hedge spot trades with power and gas futures on a single platform. This integration further strengthens our value to our clients in the energy markets and our growing reach beyond listed derivatives.”
“Opening the first-ever exchange offering around-the-clock trading in U.S. equities is unprecedented and would create major new opportunities for broker-dealers and their institutional and retail customers around the world. 24 Exchange is excited at the potential for bringing these opportunities to the global market for U.S. equities.”
“Our numbers are beginning to show how we are powering, the growth required by emerging markets, and we plan for the success of our strategies to continue to thrive in 2024.”
Conditional orders allow members to post the same liquidity on multiple venues simultaneously without the risk of over-trading.