Amid more friendly crypto regulations in the US, Crossover Markets, the crypto asset trading technology firm, is preparing to launch its services for US clients for the first time, the company announced in a post on X. Founded in 2022 by foreign exchange veterans Brandon Mulvihill, Anthony Mazzarese, and Vladislav Rysin, the London-based company has […]
Category Archives: Institutional FX
The rise of prop trading has reshaped how retail traders enter the market—and what they expect from the companies that serve them. While brokers once held the dominant position in onboarding new traders, prop firms have captured the imagination of the next generation. Yet, despite this shift, most brokers remain on the sidelines of the […]
Institutional FX
CME’s FX Marketplace Posts $1.4 Billion Daily Volume, Attracts 40 Clients in First Month
25
May
May
CME Group’s new FX spot marketplace reported a surge in trading to $1.4 billion in a single day, attracting over 40 active clients within its first month. More than 20 of those clients were reportedly banks that had never previously traded FX futures. Bridging OTC and Futures to Fill Liquidity Gaps FX Spot+ uses implied […]
Clear Street launched its own outsourced trading desk, tapping former UBS executive Morgan Ralph to lead the expansion from its new office at 4 World Trade Center. Through its latest offering, Clear Street aims to combine real-time trading tools with better execution services for hedge funds, asset managers, and family offices seeking to optimize operations […]
As volatility continues to challenge global markets, U.S. regulators are sharpening their focus on the systems designed to prevent chaos. In a new advisory, the Commodity Futures Trading Commission (CFTC) reminded exchanges and clearinghouses of their obligations to manage sharp market swings with clear, disciplined measures. The staff advisory, issued jointly by the CFTC’s Division […]
EBC Financial Group has entered into a knowledge partnership with Brokeree Solutions to support education and knowledge-sharing in the area of copy trading. Brokeree is a technology provider for multi-asset brokers, while EBC is a global brokerage and asset management firm. Brokeree’s Social Trading system, which has been integrated with the cTrader platform developed by […]
Britannia Global Investments (BGI), a UK-based brokerage firm providing custody and execution services for professional and institutional clients, reported a loss of £1.14 million for the year ended December 31, 2024, according to its annual financial statements released this week. The loss represents a 41% improvement from the previous year’s £1.95 million deficit. The company, […]
Institutional FX
Bloomberg System Failure Halts Live Data for 90 Minutes, Disrupts Trading and UK, EU Bond Sales
25
May
May
Bloomberg experienced a service disruption today (Wednesday), causing delays in financial market data and affecting trading activity. The issue began around 9:30 a.m. and lasted for about 90 minutes. By 11 a.m., users reported that services had started to return to normal, Financial Times reported. Live Data Failure Halts Bloomberg Terminal The outage impacted Bloomberg’s […]
UBS Group AG (UBS) has agreed to pay $511 million to resolve a U.S. investigation into tax evasion practices at Credit Suisse, the Swiss bank it acquired last year. The settlement addresses allegations that Credit Suisse continued helping wealthy Americans hide assets from the Internal Revenue Service (IRS) even after a previous 2014 plea agreement. […]
BGC Group posted strong results for the first quarter, reportedly boosted by strong demand for foreign exchange and energy trading platforms. Revenue was $664.2 million for the first three months of 2025, a 14.8% increase over the same period last year. According to the company, the jump came as the company’s electronic and hybrid brokerage […]