Infrastructure
SVB Financial Group invests in TickTrade Systems
Parent company of Silicon Valley Bank partners Toronto-based fintech to strengthen FX offering as client base goes global
Rising initial margin costs tilts the balance in favour of clearing
As international standard-setters have extended the implementation period of the lowest threshold for the uncleared margin rules (UMR) to 2021, Kahyang Chong, head of ForexClear product, Europe, the Middle East and Africa at LCH, explores the options…
Z.com Global Markets to launch prime-of-prime service
The firm will wind down its retail arm by the year-end
Integral and Jefferies partner to cut buy-side costs with TrueFX
By centralising credit, liquidity and technology, costs could drop by up to 80%
Deutsche Bank’s Autobahn goes mobile
App gains 700-plus subscriptions since September launch; users can trade round-the-clock
Money managers won’t trade digital assets soon, say crypto experts
Few institutional market participants willing to take on reputational risk associated with crypto trading
OpenFin: user experience is new differentiating factor for banks
Market participants want agile applications that interact easily with other software
Kace to offer electronic distribution of FX options in China
Huge potential for China’s FX options market, but regulation and digital transformation are key
StanChart prime services to accept Chinese bonds as collateral
Inclusion will reduce collateral drag for PB clients ahead of stricter initial margin rules
Three go live on Cobalt’s shared FX ledger
Technology provider aims to reduce trade reconciliations for Deutsche, Saxo and XTX
JP Morgan to bring e-FX trading and pricing engine to Singapore
The bank’s scheduled 2020 launch will help consolidate Singapore’s position as Asia’s leading FX trading centre
TY11 has potential to host e-FX matching engines in Tokyo
Success of new Equinix data centre could hinge on use of cloud due to close proximity of providers
Danske overhauls FX technology to rebuff Tier 1 competition in Nordics
Bank inks partnerships on pricing engine, connectivity and algos; tests mobile solution for corporates
Goldman Sachs and JP Morgan go live with CLSNow
Unlike CLS’s main settlement tool, CLSNow lets banks settle FX positions on the same day
UBS: last look is sticking around, but conversation evolving
Bank says transparent and open discussion can produce “mutual benefits going both ways”
JP Morgan tells HFTs: you’re ‘all finding homes’
But credit intermediation space has inefficiencies that more kill switches would address, conference hears
PoP debate rekindles following Stater Global Markets exit
Prime-of-prime broker leaves space after financial backer withdraws support
Record builds synthetic FXPB offering
Specialist currency manager will use tri-party model to move securities collateral between banks
IBM: interbank currency blockchains should address emerging markets
Banks and fintechs, including USC consortium, vie to build distributed networks for FX transactions
Clearing to become cheaper alternative to PB for most clients
IDX panel says it’s doubtful FX will ever see a clearing mandate
Stater to withdraw from prime-of-prime
Launched in 2016, Stater Global Markets has focused on smaller hedge funds and retail brokers
FX surveillance gets personal in hunt for market abuse
Algorithms underpinning today’s platforms are learning traders’ habits – even their voice won’t escape detection
Moscow Exchange expands Asia and Middle East presence with Avelacom
Co-operation with tech firm lets exchange improve PoP in London, reducing latency by five milliseconds
Bitcoin futures volumes wake to new dawn on CME and other exchanges
Institutional players follow retail traders’ lead to hedge risk exposure