Infrastructure
Blockchain take-up will accelerate as costs mount
2017 could be a year of a major crisis if market structure issues conspire with volatile markets
Exchanges to rethink FX, plus exits in PB and NBLP to come
FXSpotStream chief executive expects a resurgence from banks next year
PB concentration risk a concern as volatility picks up
Global head of Currenex says the lack of a dynamic FXPB space is a worry as non-bank liquidity providers need access
Clearing and decoupling of execution/credit will dominate
KCG sees growth in clearing, the Global Code of Conduct, and separation of credit and execution as big themes
FMSB releases principles for FX surveillance, conduct training
The Ficc Market Standards Board outlines 10 core considerations for surveillance
XTX joins Bats Europe as a member firm
The move is a continuation of the liquidity provider's push into equities and expansion on exchange
Saxo Bank signs partnership with Phoenix Finance
The integration process, starting in Q1 2017, will be based on the bank's OpenAPI, launched in 2015
PBs could return to FX as market evolves towards hybrid model
Panellists discussing credit in FX expect more clearing, but not the disappearance of over-the-counter models
Invast partners XTX to allow non-PB clients NBLP access
It's a new era, says Invast chief Gavin White on the partnership
Gain Capital launches money transfer service
New service allows customers to transfer 20 currencies to 200 countries
Erste joins TraderTools' liquidity network
The bank will make prices in Eastern European currencies
Acquisition of CFH set to go through on November 30
UK gaming and financial technology provider Playtech is set to buy CFH in a deal worth up to $120 million
Renminbi's share of trade finance slips
Euro overtakes the redback, but all currencies fall in value, according to Swift
Swift seeks to add more services to stay engaged with clients
Head of securities and FX says value-added services will be a focus in 2017
CLS volumes dip in October
Volumes were down 1.4% from September and $135 billion off the highs reached in June
FCA approves Tullett Prebon acquisition of Icap's IGBB
Finalisation of the transaction remains contingent upon regulatory approval
Saxo Bank gives PB clients cross-collateralisation tool
Prime broker customers will be able to use a single pool of collateral across London, New York and Tokyo
R3 creates proof of concept for shared KYC service
Ten global banks work with R3 using distributed ledger to build concept for know-your-customer registry
CLS sees spike in input volumes as FX traders battle markets
Volumes in the Mexican peso were at 63 times average between 02:00 GMT and 03:00 GMT
CFETS joins R3-led project
The number of participants has risen to more than 60 since its September 2015 launch
CLS upgrades infrastructure channel for settlement members
A new member gateway based on Swift ISO standards is expected to save up to $500,000 per settlement member
Renminbi's share of payments rises slightly in September
Swift finds 57 countries have crossed the 10% threshold for direct payments in the renminbi
First commercial DL solution to handle 1.4bn daily transactions
Digital ledger technology will be front and centre of the post-trade battleground
Citadel Securities provides liquidity for Invast Global
Invast Global's PurePrime facility offers bespoke, optimised FX and CFD liquidity, with multiple trading GUIs