Tech and data
XTX moves to zero hold times
The liquidity provider eliminates discretionary latency buffers in the last look window when trading with direct counterparties on a disclosed basis
China FX reserves rise for sixth consecutive month
PBoC figures show $24 billion increase, bringing the total stockpile of reserves to a nine-month high
FX e-trading near saturation, says Greenwich
But the next stage in the success story is due, the financial consultancy says
The only game in town is Mifid II, says Bloomberg’s Van Name
With less than six months to go, market participants are scrambling to get ready
Pragma launches triangulation algo for crosses
New functionality will enable clients to achieve better execution when trading illiquid currency pairs
EBS FX Benchmarks are a unique proposition, says Taylor
Usage scenarios could include benchmark replication, portfolio management and structured products, says Nex Data MD
Industry wants to adopt fintech, but is struggling to do it – Saadon
Former Traiana co-founder launches Access Fintech to lower the risk and cost of trying new technology
China FX reserves rise for fifth consecutive month
PBoC figures show $3.22 billion increase, resulting in fifth monthly reading above $3 trillion
ECB: bulk of euro trading will stay in London after Brexit
In its annual review of the single currency, the central bank says any shift from the UK to the EU will be gradual
Renminbi's share of payments rises slightly in May
China’s currency regains position as sixth most used currency for global payments in May, with 1.61% share – Swift data
Hong Kong launches fintech association
The independent group aims to be the voice of the financial technology community in the territory
Thomson Reuters expands 25ms binary data feed to 15 more pairs
A total of 18 currency pairs are now eligible for the feed
Thomson Reuters partners Symphony to take on Bloomberg
The partnership aims to create seamless integration of powerful communication and collaboration capabilities across markets
IPC brings Unigy to small buy-side firms via the cloud
Unigy 360 is targeted at companies for which on-site solutions are impractical
Algo trading increasingly attractive to corporates, says Greenwich report
While the number of corporates using algos slightly increased in 2016, a significant boost in usage came from earlier adopters
Northern Trust launches FX algo suite
The bank aims to deliver greater transparency and flexibility to clients
Broadridge and Spence Johnson join forces
The strategic alliance enables asset managers to analyse retail and institutional data together
China FX reserves rise for fourth consecutive month
PBoC figures show $24 billion increase, resulting in fourth monthly reading above $3 trillion
BSO expands Asian connectivity with new Singapore and HK routes
The provider has also boosted speeds by up to 10ms in certain segments of its network
Renminbi’s share of global payments slips behind Swiss franc
Decline in the Chinese currency’s internationalisation continues as it loses its ranking of sixth place globally – Swift
Nex launches new JPY benchmark and teams up with FFAJ
Nex Data and Nex Markets provide margin ratios for 170 currency pairs, following new regulatory requirements in Japan
China FX reserves rise for a third straight month
PBoC figures show increase of $20.4 billion, resulting in the third consecutive monthly reading above $3 trillion
Ex-Blacktree founders launch TCA firm Tradefeedr
Balraj Bassi and Alexei Jiltsov who ran the Quantitative FX hedge fund for 6 years have now set up a FX analytics company
Greater adoption of TCA in FX expected – Greenwich Associates
Survey shows increasing use of algos and electronic venues will spur the development of transaction cost analysis