Infrastructure
TriOptima and SwapClear include first client-cleared trades
Eighteen participants in compression cycle for Canadian dollar interest rate swaps, eliminating $1.05trn in notional principal
Taiwan Futures Exchange adds euro and yen
With the two new futures contracts, Taifex broadens FX offering to include its first two G10 pairs
Pragma completes NY5 migration
The data centre move concludes a multi-million-dollar upgrade of the firm’s technology infrastructure
CFH Systems buys Capital Market Automation Provider
CFH to acquire CMAP’s 49% stake in its organisation, following last year's joint venture
Shanghai Futures Exchange rolls out market surveillance
The new system will be powered by Nasdaq's Smarts Trade Surveillance
Edgewater launches matching engine in Mexico City
Another sign that the institutional FX liquidity provider is moving forward with its expansion in emerging markets
Traiana builds out PB kill-switch network and credit tool
As prime brokers seek more control, Traiana gets set to launch a dynamic credit-allocation product
Warm welcome for Stater's matched principal model
New prime-of-prime service has no intention of sparking a price or leverage war, its chief says
Blockchain adoption by banks at least six years away
Banks are holding back due to regulatory uncertainty and lack of in-house expertise, research by Six Securities Services finds
Icap acquires Abide Financial
The regulatory reporting specialist will become part of Icap's post-trade risk and information division
Renminbi's global share of payments slides
China's currency holds fifth place globally, but overall share shrinks again, Swift says
Ex-Citi Soliman launches new PoP venture
Backed by New Zealand-based Stater Holdings, the firm is targeting sub-$50m hedge funds and retail brokers
FastMatch partners TradAir
Trading venue will target institutional clicker traders to diversify liquidity and boost volumes
IPC to onboard FastMatch to its FX Hub
The move provides market participants on the IPC ecosystem with access to FastMatch's trading platform and other services
GTX to launch London and Tokyo matching engines
London engine goes live on October 15, with TY3 to follow within 90 days. GTX partners Nightberg for research
CBOE buys Bats for $3.2bn
The firm is expected to incorporate the functionality of both platforms and migrate its trading to Bats' proprietary system
ForexClear volumes to hit $300 billion in September
The 100% growth compared with August comes as dealers in both the US and Europe expect costs to rise
CLS to launch payments netting service
CLS Netting, expected to go live in late 2017, will allow institutions to net trades currently not included in the CLS settlement service
SmartTrade launches big data analytics solution
The new solution, called smartAnalytics, will allow clients to generate graphical reports on pre-trade, execution and post-trade performance via a TCA tool
VTB says trades in line with rules at the time, after CFTC fine
US regulator fines VTB $5m for fictitious USD/RUB block trades, but VTB says penalty due to rule change, not non-compliance
Synechron rolls out cloud-based blockchain applications
Among them is an accelerator for global payments that enables payment to banks in a single reserve, cutting both costs and the middlemen involved in these transactions
Bank of England lays out blueprint for RTGS reboot
“Comprehensive rebuild” of the payments platform will retain many core features while boosting resilience and functionality
360T partners Bellin to offer trade-confirmation service
A single access point where corporate treasuries and banks can automate the exchange and management of deal confirmations
Bloomberg targets Middle East for growth
Firm plans to make moves in Dubai and Saudi Arabia as it places greater focus on cross-asset solutions