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BNY Mellon launches new FX platform to help manage execution and access to price transparency

The TRADE

Universal FX will allow clients – who often manage portfolios across several providers – to avoid inconsistent FX execution by allowing them to manage their whole portfolio, despite where they custody, prime broker or settle trades.

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Jupiter becomes latest institution to join Saphyre

The TRADE

Jupiter has become the latest firm to join Saphyre’s network of financial institutions utilising the fintech’s platform. Stephen Roche As part of the move, Jupiter will leverage Saphyre’s platform for the onboarding and maintenance of its trading relationships with brokers and custodians. Saphyre’s automated intelligence enables onboarding (..)

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Wintermute integrates spot and CFD liquidity into oneZero

The TRADE

The digital asset derivatives trading arm of Wintermute Group, Wintermute Asia, has completed the integration of its spot and contract for differences (CFD) liquidity into the oneZero ecosystem. oneZero works over multiple asset classes, offering trading technology for banks and financial institutions.

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JSE SA Trade Connect 2024: ‘Without liquidity, our market is dead’

The TRADE

In a panel discussion at the SA Trade Connect conference in Cape Town, South Africa, panellists discussed the outlook of the broking business model, emphasising that South Africa is at a key watershed moment that will determine where the country lands. The trading venue landscape is changing in South Africa.

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SEC adopts landmark new clearing rules for US Treasury market

The TRADE

The Securities and Exchange Commission (SEC) has adopted major rule changes for the $26 trillion US Treasury market requiring more trades to be centrally cleared. Bottom line: most repo must be cleared; Treasury trades between dealers must be cleared; dealer and customer margin must be kept separate.”

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Expanded SEC clearing rules will see daily DTCC Treasury activity increase by $4 trillion, survey finds

The TRADE

Subject to conditions, the amendments also permit broker-dealers to include customer margin required and on deposit at a clearing agency in the US Treasury market as a debit in the customer reserve formula. The amendments also require covered clearing agencies to separately collect and calculate margin for house and customer transactions.

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BNP Paribas picks up execution-to-custody mandate from Swissquote

The TRADE

Swissquote – a Switzerland-based banking group specialising in online financial and trading services – has mandated BNP Paribas to provide execution-to-custody services as it seeks to reduce client risk, simplify workflows and increase operational efficiency.