Infrastructure
Saxo boosts China presence with partnership
Danish bank signs tri-party agreement with Wallstreet CN and LeanWork
Liquidity woes are curbing FX growth
Difficulties in accessing alternative liquidity pools and the rising cost of trading are creating unexploited opportunities
Five-year wait for Wall Street's adoption of blockchain
Distributed ledger technology will transform the financial industry, but not for another three to five years
Icap buys hedge fund analytics platform
An investor in Enso Financial Analytics since 2013, the interdealer broker aims to broaden its fintech presence
Thomson Reuters to roll out randomisation in June
TR Matching set to launch latency floor almost three years after initial client consultations
DTCC elects three to board of directors
The new members are JP Morgan's Owens, BofAML's Simpson and ED&F Man Capital Markets' Weinhoffer
Barracuda nets Devlin as head of sales
Based in London, Fraser Devlin will report to chief executive Kieran Fitzpatrick
Pragma algo to exploit unusually predictable fix trading patterns
Five-minute fixing window created highly readable patterns
Market participants expect BIS survey to show FX slowdown
The bank’s 11th triennial survey is under way, with the results due in September
Retail FX hots up in Australia as traders' risk appetite grows
Volatility in 2015 boosts retail activity, but traders prove fickle with platforms
CME confirms Houston as new global head of FX
The former Deutsche Bank head of FXPB and OTC clearing for Emea will report to Sean Tully in his new role
FlexTrade boosts APAC presence with three hires
Wong, Khan and Enstedt join the multi-asset OMS and EMS provider
Wong joins Gain GTX sales with North Asia focus
Ivan Wong moves from EBS, where he held a similar role
Gain's GTX ECN unveils binary data protocols
Clients using the ECN's new GTTP protocol can receive data faster at lower latencies
Tullett Prebon shareholders approve Icap broking buy
Finalisation of the deal is contingent on regulatory approval
Renminbi's global share of payments drops
But the Chinese currency is being increasingly adopted to settle transactions with China and Hong Kong
Broadridge allies with TTC to improve futures solutions
Futures and options remain a growth area for the firm
February volumes fall after good start to year
Average daily volumes reversed January's trend and dropped across all major FX platforms
RBC launches delegated execution tool for buy side
UnityFX, developed by RBC I&TS and Broadridge, will help investment managers with their operational FX needs
IHS set to merge with Markit
IHS Markit will be headquartered in London; the transaction has an implied value of $13 billion
Curex chief: anonymity is key to best execution
Curex and FX Connect sign agreement to provide clients with an alternative liquidity pool
Edgewater Markets raises $30m for expansion drive
As part of the deal, the firm's board will gain two new participants from FTV Capital
EU and US reach CCP recognition deal
US counterparties will be able to continue providing services to European market participants
Icap completes post-trade blockchain test
The interdealer broker is the latest to implement the technology in the financial industry