Nasdaq Poised to Launch FX Trading Platform: Top Executive – Reuters
Nasdaq is poised to launch a platform for foreign exchange trading which it says would make the global market more transparent and would diversify its own business. The FX trading platform is ready to be tested with banks although a launch was more likely in 2016.
Markit Aims to Stitch Up Fragmented FX Market With DealHub Acquisition – Profit & Loss (subscription)
The trend for M&A activity continues apace in the FX industry, with the news that Markit is set to acquire DealHub for an undisclosed fee.
LCFX Rebrands as Spectra, Makes Four Hires – FX Week (subscription)
Louis Capital FX has rebranded as Spectra FX Solutions to distance itself from a broker-dealer model of pricing and reaffirm its commitment to agency foreign exchange options trading, seeking to capitalise on its position as one of the first agency desks set up in 2007.
Euronext Derivatives Market Hit By Data Issue – FOW (subscription)
A data issue hit Euronext’s derivatives market Monday afternoon, causing a number of trading strategies to be displayed incorrectly, just months after the exchange group was hit by outages earlier this year, including a four-day trading glitch in April.
Historic Profits for High-Frequency Trading Firm – Wall Street Journal (subscription)
Virtu Financial,, one of the world’s largest high-frequency trading firms, was on track to have one of its biggest and most profitable days in history Monday amid a tumultuous 24 hours for world markets, according to its chief executive.