The platform integrates advanced tools and third-party applications to optimize FX trading for institutional clients.
The move comes when the currency market is experiencing significant volatility.
BlueX, a
new foreign exchange trading technology platform, has officially gone live with
its first production trades. The platform's launch follows its recent licensing
by the Jersey Financial Services Commission (JFSC).
BlueCrest-Backed FX
Platform Launches amid Surging Currency Volatility
Developed
by a hedge fund BlueCrest Capital Management, BlueX aims to change the rules of
FX trading by integrating advanced tools and workflow automation directly into
the trading process. The platform leverages technology that BlueCrest has
refined over the years, having executed trillions of dollars in trades.
“By
combining advanced core platform features with third-party trading tools
directly into the end-user workflows, BlueX delivers a unique value proposition
that sets it apart from other Execution Management Systems,” Graham MacGregor,
CEO of BlueX, commented.
The
platform has forged three important partnerships before its launch. It cooperates
with Tradefeedr for trade data integration, with New Change FX for regulated FX benchmark
price feeds, and with Lucera for rapid liquidity provider onboarding.
“Requests
from demanding BlueCrest traders, combined with partnerships with best-in-class
data and analytics providers, have led, over many years, to an optimized,
robust trading tool supporting trillions in FX yearly,” Manuel Aranzana, Head
of Systematic Trading at BlueCrest, added.
BlueX
targets a diverse array of institutional market participants, encompassing
regional banks, hedge funds, corporations, asset managers, and brokers. The
platform integrates data and analytics directly into the trade cycle, aiming to
streamline execution processes.
Currency Market Volatility
Surges
The foreign
exchange market is experiencing a significant uptick in volatility, with the US
dollar volatility index reaching its highest levels of the year. This surge in
currency fluctuations is being driven by a combination of factors, including
geopolitical tensions, diverging monetary policies, and shifting economic
outlooks.
FXSpotStream,
a provider of multibank FX aggregation services, reported record volumes in
August 2024, with daily average volume reaching $96.8 billion. This represents
a 4% increase from July and a staggering 60% jump compared to the same period
last year.
The
trend is not limited to a single region. Major trading hubs worldwide are
reporting similar increases in activity:
Asia: The Tokyo Financial Exchange’s Click
365 platform saw August trading volumes exceed 2.9 million contracts, with
average daily volume rising 5.6% month-over-month and 26% year-over-year.
United
States: Cboe's spot
volumes in the currency market climbed to $1.1 trillion in August, up from
$1.02 trillion in July. The average daily volume increased from $44 billion to
nearly $50 billion.
Europe: Euronext FX reported total volumes
of $638 billion in August, compared to $583 billion in July. Average daily
volume jumped to $29 billion from $28 billion.
This surge
in trading activity comes as the US dollar stays volatile. The shifting
expectations around the Federal Reserve's monetary policy have played a
significant role, with markets now pricing a rate cut this month.
As currency
volatility rises, traders and investors are closely monitoring key currency
pairs. J.P. Morgan forecasts suggest potential movements in major pairs over
the coming months, with implications for global trade and investment flows.
BlueX, a
new foreign exchange trading technology platform, has officially gone live with
its first production trades. The platform's launch follows its recent licensing
by the Jersey Financial Services Commission (JFSC).
BlueCrest-Backed FX
Platform Launches amid Surging Currency Volatility
Developed
by a hedge fund BlueCrest Capital Management, BlueX aims to change the rules of
FX trading by integrating advanced tools and workflow automation directly into
the trading process. The platform leverages technology that BlueCrest has
refined over the years, having executed trillions of dollars in trades.
“By
combining advanced core platform features with third-party trading tools
directly into the end-user workflows, BlueX delivers a unique value proposition
that sets it apart from other Execution Management Systems,” Graham MacGregor,
CEO of BlueX, commented.
The
platform has forged three important partnerships before its launch. It cooperates
with Tradefeedr for trade data integration, with New Change FX for regulated FX benchmark
price feeds, and with Lucera for rapid liquidity provider onboarding.
“Requests
from demanding BlueCrest traders, combined with partnerships with best-in-class
data and analytics providers, have led, over many years, to an optimized,
robust trading tool supporting trillions in FX yearly,” Manuel Aranzana, Head
of Systematic Trading at BlueCrest, added.
BlueX
targets a diverse array of institutional market participants, encompassing
regional banks, hedge funds, corporations, asset managers, and brokers. The
platform integrates data and analytics directly into the trade cycle, aiming to
streamline execution processes.
Currency Market Volatility
Surges
The foreign
exchange market is experiencing a significant uptick in volatility, with the US
dollar volatility index reaching its highest levels of the year. This surge in
currency fluctuations is being driven by a combination of factors, including
geopolitical tensions, diverging monetary policies, and shifting economic
outlooks.
FXSpotStream,
a provider of multibank FX aggregation services, reported record volumes in
August 2024, with daily average volume reaching $96.8 billion. This represents
a 4% increase from July and a staggering 60% jump compared to the same period
last year.
The
trend is not limited to a single region. Major trading hubs worldwide are
reporting similar increases in activity:
Asia: The Tokyo Financial Exchange’s Click
365 platform saw August trading volumes exceed 2.9 million contracts, with
average daily volume rising 5.6% month-over-month and 26% year-over-year.
United
States: Cboe's spot
volumes in the currency market climbed to $1.1 trillion in August, up from
$1.02 trillion in July. The average daily volume increased from $44 billion to
nearly $50 billion.
Europe: Euronext FX reported total volumes
of $638 billion in August, compared to $583 billion in July. Average daily
volume jumped to $29 billion from $28 billion.
This surge
in trading activity comes as the US dollar stays volatile. The shifting
expectations around the Federal Reserve's monetary policy have played a
significant role, with markets now pricing a rate cut this month.
As currency
volatility rises, traders and investors are closely monitoring key currency
pairs. J.P. Morgan forecasts suggest potential movements in major pairs over
the coming months, with implications for global trade and investment flows.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
BGC Partners with Major Banks to Expand Interest Rate Futures Market Share
Transformation in the APAC Trading Landscape and Beyond | FMPS:24
Transformation in the APAC Trading Landscape and Beyond | FMPS:24
As the financial services industry experiences rapid and transformative changes, leading fintech experts and policymakers come together to discuss the present and future of retail trading and the evolving regulatory landscape. Join this insightful session for a forward-looking perspective on the trends, innovations, and trader needs that are shaping the future of offerings on a global scale.
Speakers:
Eric Blewitt, CEO, Investment Trends
Rhys Bollen, Senior Executive Leader, Digital Assets, Australian Securities and Investments Commission (ASIC)
Michael Bogoevski, Head of Institutional Sales, CMC Connect
Karin Setchell, General Manager, Product & Investing Solutions, CommSec
#fmps #fmps24 #fmevents #RetailTrading #FintechInnovation #FinancialRegulation #DigitalAssets #GlobalFinance
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage.
Subscribe to our YouTube channel for more!
As the financial services industry experiences rapid and transformative changes, leading fintech experts and policymakers come together to discuss the present and future of retail trading and the evolving regulatory landscape. Join this insightful session for a forward-looking perspective on the trends, innovations, and trader needs that are shaping the future of offerings on a global scale.
Speakers:
Eric Blewitt, CEO, Investment Trends
Rhys Bollen, Senior Executive Leader, Digital Assets, Australian Securities and Investments Commission (ASIC)
Michael Bogoevski, Head of Institutional Sales, CMC Connect
Karin Setchell, General Manager, Product & Investing Solutions, CommSec
#fmps #fmps24 #fmevents #RetailTrading #FintechInnovation #FinancialRegulation #DigitalAssets #GlobalFinance
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage.
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Executive Interviews with Joe Li & Simon Naish | ATFX | FMPS:24
Executive Interviews with Joe Li & Simon Naish | ATFX | FMPS:24
In this Finance Magnates Executive Interview, Joe Li, Chairman at ATFX and Simon Naish, Country Head of Australia at ATFX Connect, discuss ATFX’s strategic growth in the APAC region, particularly focusing on their institutional arm, ATFX Connect. They highlight the importance of Australia as a strategic hub, the challenges of operating in a highly competitive and regulated market, and their plans for regional expansion across APAC. The conversation touches on the integration of advanced technology and multi-asset offerings, the significance of optimal execution tools, and the importance of tailoring solutions to meet the sophisticated demands of institutional clients. They also emphasize their strong regulatory compliance and their commitment to enhancing client experience through innovative tools and infrastructure.
#fmps #fmps24 #fmevents #ATFXConnect #APACFinance #InstitutionalTrading #FinancialTechnology #MarketExpansion
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage.
Subscribe to our YouTube channel for more!
In this Finance Magnates Executive Interview, Joe Li, Chairman at ATFX and Simon Naish, Country Head of Australia at ATFX Connect, discuss ATFX’s strategic growth in the APAC region, particularly focusing on their institutional arm, ATFX Connect. They highlight the importance of Australia as a strategic hub, the challenges of operating in a highly competitive and regulated market, and their plans for regional expansion across APAC. The conversation touches on the integration of advanced technology and multi-asset offerings, the significance of optimal execution tools, and the importance of tailoring solutions to meet the sophisticated demands of institutional clients. They also emphasize their strong regulatory compliance and their commitment to enhancing client experience through innovative tools and infrastructure.
#fmps #fmps24 #fmevents #ATFXConnect #APACFinance #InstitutionalTrading #FinancialTechnology #MarketExpansion
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage.
Subscribe to our YouTube channel for more!
Ready to Scale? Regtech in Australia, A Global View | FMPS:24
Ready to Scale? Regtech in Australia, A Global View | FMPS:24
In the effort to elevate Australian fintech on the global stage, RegTech presents a unique and compelling case. Despite the increasing demand for robust compliance solutions, Australia's RegTech sector—ranked third-largest globally—remains underfunded. Join this insightful fireside chat to explore the future of Australia’s RegTech hub and its global potential.
Key discussion points include uncovering the hidden opportunities in RegTech that VCs are overlooking, the necessary steps for increased governmental support, the readiness of the local ecosystem to collaborate across global regulatory regimes, and lessons learned from other leading fintech hubs around the world.
Speakers:
Dickie Currer, National Lead, Tech Australia Advocates
Deborah Young, CEO, The RegTech Association
#fmps #fmps24 #fmevents #RegTech #Fintech #AustralianFintech #GlobalCompliance #TechInnovation
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage.
Subscribe to our YouTube channel for more!
In the effort to elevate Australian fintech on the global stage, RegTech presents a unique and compelling case. Despite the increasing demand for robust compliance solutions, Australia's RegTech sector—ranked third-largest globally—remains underfunded. Join this insightful fireside chat to explore the future of Australia’s RegTech hub and its global potential.
Key discussion points include uncovering the hidden opportunities in RegTech that VCs are overlooking, the necessary steps for increased governmental support, the readiness of the local ecosystem to collaborate across global regulatory regimes, and lessons learned from other leading fintech hubs around the world.
Speakers:
Dickie Currer, National Lead, Tech Australia Advocates
Deborah Young, CEO, The RegTech Association
#fmps #fmps24 #fmevents #RegTech #Fintech #AustralianFintech #GlobalCompliance #TechInnovation
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
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▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage.
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Resilience in Trading: From Third Class To World Class | FMPS:24
Resilience in Trading: From Third Class To World Class | FMPS:24
Join Mario Singh, Founder and Chairman of Fullerton Markets, as he shares his life story, highlighting the traits that were required starting without financial knowledge to become a financial and trading expert recognised by world-renowned media like CNBC & Bloomberg.
#fmps #fmps24 #fmevents #trading #onlinetrading #tradingexpert #tradingjourney
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage.
Subscribe to our YouTube channel for more!
Join Mario Singh, Founder and Chairman of Fullerton Markets, as he shares his life story, highlighting the traits that were required starting without financial knowledge to become a financial and trading expert recognised by world-renowned media like CNBC & Bloomberg.
#fmps #fmps24 #fmevents #trading #onlinetrading #tradingexpert #tradingjourney
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
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IBs and Brokers: The Good, The Bad, The Ugly | FMPS:24
IBs and Brokers: The Good, The Bad, The Ugly | FMPS:24
For most brokers, IBs and trading educators are invaluable partners, driving highly targeted traffic from key regions. However, without proper management, these relationships can quickly turn sour. In this session, gain an insider’s perspective on the types of licenses IBs need in APAC, the crucial details in IB agreements that both parties must scrutinize, common disputes between IBs and brokers and effective resolutions, and the pros and cons of transitioning from IB to broker.
Speakers:
Melody Gao, Senior Lawyer, Sophie Grace
James Perry-Keene, Head of Strategic Partnerships, Pepperstone
Christopher Balanzategui, CEO, N3tworx
#fmps #fmps24 #fmevents #IBAgreements #BrokerPartnerships #TradingIndustry #APACFinance #FinancialRegulation
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage.
Subscribe to our YouTube channel for more!
For most brokers, IBs and trading educators are invaluable partners, driving highly targeted traffic from key regions. However, without proper management, these relationships can quickly turn sour. In this session, gain an insider’s perspective on the types of licenses IBs need in APAC, the crucial details in IB agreements that both parties must scrutinize, common disputes between IBs and brokers and effective resolutions, and the pros and cons of transitioning from IB to broker.
Speakers:
Melody Gao, Senior Lawyer, Sophie Grace
James Perry-Keene, Head of Strategic Partnerships, Pepperstone
Christopher Balanzategui, CEO, N3tworx
#fmps #fmps24 #fmevents #IBAgreements #BrokerPartnerships #TradingIndustry #APACFinance #FinancialRegulation
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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🐦 Twitter: https://twitter.com/F_M_events
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