FXSpotStream LLC, a wholly owned subsidiary of LiquidityMatch LLC, today announced that Credit Suisse is now live as a liquidity providing bank to FXSpotStream’s price aggregation service from FXSpotStream’s sites in New York, London and Tokyo. Client trading with Credit Suisse via the service has commenced.
A study commissioned by Colt shows that almost half (49%) of buy-side and sell-side traders in Europe, US and Asia believe that delays in connecting to new markets result in missed trading opportunities, and a similar number (47%) believe that it impacts client relationships and causes loss of clients. The survey reveals that resulting losses at investment banks can be as high as $5 million in trading revenues per trading desk each year.
Merrill Lynch International (MLI) has been fined £13,285,900 by the Financial Conduct Authority (FCA) for incorrectly reporting 35,034,810 transactions and failing to report another 121,387 transactions between November 2007 and November 2014.
ATMonitor speaks with Linedata's Robin Strong at TradeTech Paris 2015. Robin discusses how MiFID II is affecting trading activity, in terms of the unbundling of commissions and what impact this is having on the buy-side.
With an increasing move for firms to outsource their back office, Linedata's Robin Strong, discusses the impact this is having on the trading desk and the challenges clients face in order to achieve best execution.
Theo Hildyard talks to ATMonitor at TradeTech Paris 2015. Theo discusses what developments the market is seeing around Market Surveillance right now and how APAMA is addressing the current challenges.
THE TRADE invites you to participate in The Algorithmic Survey for 2015, now in its 8th year running. If you are trading electronically, we would appreciate your input on the use of algorithmic trading services. To express our thanks, all participants are eligible for a free one-month online subscription to thetradenews.com. Please rate your algos by completing the online questionnaire available here..read more
Fidessa has released a new paper entitled Shifting sands – the harsh realities of executing in today’s markets. Authored by Will Winzor-Saile, Electronic Execution Product Specialist at Fidessa, the paper explores how the electronic execution landscape has evolved over the last 10 years and reveals the challenges that now exist for brokers wanting to trade across global markets. Winzor-Saile comments: "Execution infrastructure is increasingly seen as a commodity, but as market complexity and regulation continue to impose themselves, many firms are finding it harder to maintain their competitive differential across the patchwork of electronic trading infrastructures that they've previously relied upon."read more