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Electronic Trading

Moscow Exchange Adds USD/CAD & USD/TRY Futures, FX Volumes Rebound 37%

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The foreign exchange futures offering on the Moscow Exchange is being expanded with the introduction of USD/CAD and USD/TRY contracts amid growing demand from local investors and closer ties between Russia and Turkey.
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CME Group Reports February 2015 Metrics, FX Volumes Shed 20% MoM

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The CME Group reported its volumes for the month ending February 2015, showing an average volume of 15.8 million contracts per day, while FX volume withered -2.0% YoY.
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ICAP’s EBS Volumes Tank Lower in February, Remain Higher YoY

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Range trading settled in across major foreign exchange pairs in February, pushing trading volumes lower and echoing bad memories from last year when metrics consistently declined for the first half of 2014.
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Hotspot FX Activity Declines in February ADV to $26.4B

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Trading activity at the leading currency derivatives ECN, Hotspot, suffered a slowdown during the month of February. Volumes dropped on a monthly basis with the average number of daily transactions reaching $26.42 billion.
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FastMatch Offers Free Brokerage to Clients That Provide Liquidity via Orders

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After FXCM took a blow from the SNB crisis, FastMatch is apparently trying to increase the volumes of non-bank market makers on the platform by making it cheaper for them to be liquidity providers.
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KCG and BATS Obtain All Approvals for Hotspot Transaction

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As communicated by BATS Global Markets’ CEO Chris Concannon to Forex Magnates earlier this month, the change of ownership of KCG’s former FX unit Hotspot will not affect clients nor employees of the unit.
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BGC Partners Successfully Acquires 56.3% of GFI Group Shares

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The independent board members of GFI Group have resigned as BGC appoints 6 out of 8 directors on the new expanded board of the target firm after a takeover battle stretching for over 6 months.

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BNY Mellon Reported to Be Holding Settlement Talks On Forex Trades

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US banking giant, Bank of New York Mellon is believed to be holding discussions with legal authorities in the country with reference to forex transactions. The news comes after the bank had previously agreed settlements with other clients in the US.
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FIX Trading Community Proposes Electronic IPO Process

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In a Best Practices document, the FIX Trading Community published a process to automate portions of the IPO process to create greater efficiency and reduce errors.
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BATS Global Markets Appoints Chris Concannon as CEO

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The new CEO of the company has played a major role in the bid for KCG Hotspot which the company announced earlier this year. The acquisition spearheads BATS Global Markets’ foray into the foreign exchange market.
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