Institutional FX

“As we have begun to provide direct market access as a routing broker and grown in our futures offering, which is subject to a different regulator, we wanted to make sure we chose a trade surveillance platform that has all the tools that we need, a format we can review easily, and capabilities to demonstrate to regulators that we have the proper trade surveillance procedures in place. Validus checks all the boxes for us.”

SGX FX has announced the addition of non-deliverable forwards (NDFs) to its FX electronic communication network, SGX CurrencyNode, after being approved as a Recognised Market Operator (RMO) by the Monetary Authority of Singapore (MAS).

“The new service will enable international investors to better evaluate the ESG activities of Chinese companies and to make more informed investment decisions. At the same time, it strengthens Deutsche Börse’s position as a key player in ESG reporting.”

Foreign exchange trading volumes dropped in August across Integral’s trading platforms as currency markets saw a relatively quiet period after consecutive months of strong trading activity. August volumes outpaced those of last year, though turnover is still down month-over-month.

Pan-European exchange, Euronext has reported an 8.2 percent drop in the average daily volume on its spot foreign exchange market. The ADV figure stood at $19.66 billion in August 2022, which is down from July’s $21.4 billion.

All the latest news, research and current affairs from the institutional sector including liquidity providers, buy side sell side, prime brokerage and interbank players.