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LMAX Group goes live with FX NDF trading in Singapore and London

The TRADE

Read more: LMAX Group given green light for NDF trading in both Singapore and London The FX NDFs are traded on a central limit order book (CLOB), delivering transparent price discovery and execution to all market participants including banks, non-banks, proprietary trading firms, institutional brokers, asset managers and buy-side institutions. “We (..)

Trading 59
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The changing role of the buy-side in fixed income price making

The TRADE

We have to be careful also because if the transparency regime is causing damage by information leakage too soon in a cycle, it will affect banks’ appetite to take on risk positions if they don’t feel that they’re protected enough. There’s a trade-off to it as well,” says Gibson. It’s catch-22.

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A look into the centrally cleared future

The TRADE

The lessons learnt from past financial stress conditions and crises, particularly those involving non-bank market participants, have driven these changes. PTFs, which trade using their own capital rather than on behalf of clients, will now be required to register as dealers with both the SEC and FINRA.

Trading 59
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The 20 greatest trading innovations

The TRADE

For more information on the various providers in the EMS market, check out The TRADE’s annual survey. Bloomberg Terminal Up next and needing little introduction is the Bloomberg Terminal, Bloomberg’s data and proprietary trading platform. CLOBs allow for transparency of live orders that are prioritised by price and time.

Trading 120
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Leaders in Trading 2023: Meet the nominees for… Outstanding FX Trading Venue

The TRADE

In 2022, CME Group saw a record year for its exchange-listed foreign exchange products, which was followed by a record day for its FX suite of products in March this year, trading $296 billion notional in one day across over three million contracts.

Trading 59
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Fireside Friday with… Deutsche Börse’s Maximilian Trossbach

The TRADE

The banks and proprietary trading firms who are ready to go have more than 40% of the market share on Xetra today, and we also have some more in the pipeline that are interested and in preparation. Essentially all the transactions from our midpoint book are reportable under a dedicated MIC only for this purpose.