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The TRADE predictions series 2024: Foreign exchange, it’s all about swaps and forwards

The TRADE

Likewise, rather than using long-dated FX forwards of up to a year or two, many fund managers chose to lock in rates of up to six months or less to add an extra layer of flexibility and nimbleness should the market move against them. As the FX swaps market grows, we expect to see regional banks trade more FX swaps.

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Celebrating International Women’s Day with… Mizuho’s Lu Fu

The TRADE

The desk has been focused on equipping itself with advanced data analytics to enable traders to make more data-driven decisions related to pricing and risk management, and to utilise this data to make us more relevant to our clients based on client insights analysis.

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Former TP ICAP MD joins Bloomberg as head of European credit e-trading

The TRADE

Industry stalwart Dan Hinxman has joined Bloomberg as head of European credit electronic trading following almost six years as managing director at TP ICAP. He joined financing, investment and risk management business CIC Market Solutions as a sales trader.

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Brazil’s B3 begins operation of cloud-based foreign exchange clearing house

The TRADE

B3’s foreign exchange clearing house was established in 2002 as the infrastructure responsible for the registration, clearing, settlement and risk management of foreign exchange transactions in Brazil. However, the potential product innovation would allow for automatic calculation, eliminating the manual phase.

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SpectrAxe and OSTTRA partner to streamline FX options trading

The TRADE

Patrick Philpott Specifically, the offering works from price discovery through to execution, booking, and risk management within the FX options market – combining SpectrAxe’s price discovery and execution CLOB with OSTTRA’s post-trade network.

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Trading Technologies hires in ex-Bloomberg expert as EMEA director

The TRADE

Algomi was acquired by BGC partners in 2020 – integrated with BGC’s electronic trading and software division Fenics – after which Miller became managing director – institutional sales responsible for the Lucera LUME Alfa product. These were just the latest acquisitions by TT in a bid to expand its multi-asset capabilities.

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IEX Group to launch its first options exchange

The TRADE

IEX Group has announced the launch of a US options exchange to partner with liquidity providers to tackle risk management challenges faced in the options markets, subject to regulatory approvals. The new exchange will bring IEX’s suite of order protection innovations to better meet the demands of market makers.

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