Infrastructure
Nomura’s asset manager extends CLSSettlement to Japanese funds
First local asset manager to provide access in sign of success for buy-side adoption push
Zimbabwe sets up interbank FX market with new dollar-pegged currency
Central bank governor pledges stability, but analyst says initiative is “cancerous”
USD/CNH futures trading hits record high in Singapore
Trade dispute-driven volatility sustains momentum as overall FX futures trading peaks
Esma to recognise three UK clearing houses in no-deal Brexit
EU derivatives traders will gain unbroken access to UK CCPs, even with no withdrawal deal
FX Link adds two more currency pairs
CME now offers spot FX basis spreads for eight pairs versus futures
Liquidity the biggest hurdle for traders in 2019 – JP Morgan survey
E-trading poll of 200 institutional traders highlights impact of Mifid II
Refinitiv’s FXall TCA tool goes live
New features will be added to analysis tool at regular intervals in 2019
CME clears FX cash-settled forwards for first time
Service debuts in January with two EUR/USD trades
IHS Markit partners Cobalt for post-trade
Cobalt’s platform now connects to MarkitServ’s network of counterparties
Traiana offers USD/CNH and USD/HKD clearing via HKEX’s OTC Clear
The deliverable contracts are forwarded to the Hong Kong Exchange via Traiana’s clearing hub CCP Connect
Singapore Exchange volumes more than double in 2018
Trading on-exchange picked up as US-China trade tensions flared and Fed hiked rates
HSBC settles millions of FX transactions with DLT
The bank is exploring using the technology to help corporates manage FX flows better
Independent Reserve joins OTCXN network
Australian crypto exchange joins to attract more institutional liquidity
MarketFactory secures funding from Silicon Valley investment firm
Accel-KKR’s strategic investment will facilitate MarketFactory’s expansion into new markets and services
OTCXN adds OSL as core liquidity provider
OSL is among the largest digital asset brokerage firms in Asia-Pacific
Market Synergy opens Fix link to crypto exchange Bitfinex
The low-latency institutional-grade connectivity is based at the heart of Switzerland’s Crypto Valley
BNY Mellon: 2019 will see support-side innovation
Get excited about innovation, but don’t take your eye off the fundamentals
Barracuda FX: technology spend will drive innovation in FX
A lot of technology spend in 2019 will focus on upgrading outdated processes, increasingly driven by the FX Global Code’s principles
Market Synergy: infrastructure ready for banks to trade digital assets
With fast and reliable Fix connectivity, the stage is set for financial institutions to enter the crypto market
MarketFactory: fragmentation, credit innovation and Singapore matching
Mergers between FX trading venues have led fragmentation to spill into other asset classes
Cobalt: bringing greater efficiency to the back office
Market participants will look to bring back-office operations in line with modern electronic trading practices
ParFX: transparency to drive trading practices as Code adoption grows
FX Global Code will spur market participants to amend execution terms and conditions
CLS: mitigating settlement risk is crucial as volatility rises in 2019
Geopolitical factors expected to drive markets this year
Kx Systems: ‘fill or kill year’ for Global Code adoption
We need systems that can verify whether a firm is in compliance with acceptable market standards, says Richard Kiel