Global custodian BNY has gone live on CLSNet, a bilateral payment netting calculation service, in an effort to “optimize and safeguard” FX operations against settlement risk, officials say. CLSNet is part of CLS, a settlement, processing, and data solutions provider for the foreign exchange (FX) industry. “CLSNet standardizes and automates post-trade matching and netting processes… Read More >>
LMAX Launches Conversion Facility for FX & Digital Assets
A cross-asset marketplace, LMAX Group has launched an infrastructure layer, the Omnia Exchange, that will help end-users to convert FX and digital assets in real time via an application programming interface (API), intended to unify wholesale liquidity and pricing, officials say. Omnia combines blockchain order/entry with the execution of a centralized exchange, officials add. “Omnia… Read More >>
SMBC Becomes a Key Liquidity Provider of SGX FX
Sumitomo Mitsui Banking Corp. (SMBC) is a new liquidity provider of SGX FX, an Asian FX Futures exchange, and the partnership is intended to improve the liquidity and depth of SGX FX’s offerings and to help traders and investors with greater access to Japan’s financial markets, officials say. The partnership will provide access to SMBC’s… Read More >>
SWIFT Says FX Ops Needs ISO 20022
Financial services messaging consortium SWIFT is calling for the increased automation of foreign exchange (FX) transactions via more standards that will ease data exchanges and will facilitate the nirvana of straight through processing (STP). “By removing barriers to exchange, standards always increase the amount of business done,” according to “The Value of Standards in the… Read More >>
