Central Bank of Nigeria taps Bloomberg BMatch solution for interbank FX trading
New development will enable spot matching functionality to the local interbank community for US dollar against the Nigerian naira.
Technology
Broadridge launches buy-side AI-powered algo service
New service will offer insights to hedge funds, asset managers and other buy-side based off real-time liquidity mapping.
BMO Capital and OptimX Markets partner to deliver flow in European markets
BMO will now provide various trading opportunities tailored to their institutional client base through OptimX.
TP ICAP extends collaboration with AWS to bolster technology infrastructure
AWS will work with TP ICAP to accelerate the development of TP ICAP’s digital platform Fusion, alongside applying its expertise to create a TP ICAP AI and Innovation Lab.
FlexTRADER EMS selected by Alecta to optimise cross-asset trading and execution
FlexTrade’s flagship EMS will be utilised by Alecta to handle equities and derivatives execution.
Broadridge’s LTX and TransFICC enter strategic partnership
The development aims to offer sell-side clients simplified integration and connectivity to LTX, reduced operational risk and implementation costs, and improved time-to-market.
Broadridge expands structured product offering
Enhancements are designed to allow trading desks to simultaneously quote a greater number of structured products across markets and distribution channels.
Usage of multi-dealer platforms expected to increase as FX traders seek best execution
New Coalition Greenwich survey found that over the next year, 34% of respondents intend to increase their use of multi-dealer platforms (MDPs), while only 5% thought there would be a reduction.
DTCC’s FICC bolsters VaR calculator capabilities ahead of US Treasury clearing requirements
New developments will help improve users’ understanding of risk management and margin requirements.
AI? Patience young grasshopper
As the adoption of AI surges across capital markets, sentiment is on the up despite some trepidation, but what should be considered before everyone dives headfirst into integration? Claudia Preece weighs risk versus reward and takes stock of where the newest AI capabilities could throw up some curveballs when it comes to trading.