Infrastructure
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
LSE and Deutsche Börse strike deal
Two exchanges unveil details of "merger of equals", which will create Europe's biggest exchange group, UK TopCo
Glocer joins Algomi as strategic adviser
Ex Thomson Reuters chief also invests in the network company
CFH Clearing launches matching engine in TY3
The prime-of-prime provider aims to reduce latency and enhance execution by reducing the round trip between London and Tokyo by 200 milliseconds
Wells, Choudhury leave ForexClear, according to reports
Wells has been instrumental in building the service since 2011
Banks complete blockchain trial for fixed-income products
With the aim of moving forward the banking industry's adoption of the technology
Jerome and Eggleston launch technology start-up
Former Morgan Stanley managing directors set up TCA and analytics firm
ICE considers bid for LSE to stop Deutsche Börse
The move by the US group could prevent a "merger of equals" between the two European exchanges
Class-action lawyers to tap into Barclays' FX team knowledge
With the bank providing information to investors from people within the firm with the most knowledge of its last-look practice, plaintiff lawyers could access information it could have taken years of discovery to obtain
EBS BrokerTec set to move to 1ms data updates
The new FX market data feed is expected to reduce update intervals to 1ms and will become available in the summer
Renminbi overtakes ringgit for Malaysian payments to China
The US dollar still accounts for the overwhelming majority of payments from Malaysia to the red dragon
Connections jump by 50% on Thomson Reuters' TRTN network
The network provides greater post-trade transparency and cost efficiencies, says firm
Buy side takes control of execution as liquidity worsens
Risk warehousing ability isn't there any more, say large buy-side traders
UBS reshuffles FXPB ranks
Oh makes his exit, Connolly and Bader take on global co-head roles, and Rosoman moves up
Marquard takes on strategy role at CLS
He is still general counsel and representative for legal matters to CLS's executive management committee and CLS Group board
LSE in merger talks with Deutsche Börse
A deal between the two would forge the largest European exchange group, challenging US competitors
Hong Kong Exchange to offer renminbi futures
The move aims to deepen links with mainland China and give investors new ways to tackle a fall in offshore liquidity
CFH Clearing expands choice of white-label platforms
In March, the PoP provider will add Olfa Trade's Seamless FX to its range
Goldman's Patel joins XTX Markets
Jigar Patel will head the market-maker's e-commodities business