Tech and data
IMF commends China for liberalisation steps
The Fund notes that achieving an effective float for the renminbi by 2018 remains a key goal
Spotlight on Solid FX: the rise of streaming in size
Dutch firm sees 45% growth in demand for its NBLP arm, gaining benefits from its ability to price-in up to $30m clips
Beeks launches self-service portal for buying connectivity
Beeks Marketplace allows institutional clients to find and purchase connectivity. The UK-based provider plans to add third-party products to its offering at later date
Fiat currencies stand firm against bitcoin
The cryptocurrency is a victim of its own success as strong demand pushes its price up, increasing speculative flows
Connectivity comes into focus as liquidity sags
Increasing participation from buy-side firms and deteriorating liquidity conditions boost cloud providers
Market data is the new battleground in FX
Innovation in the space has been lagging for years, despite high costs, but challengers are now emerging
JP Morgan won't use non-bank liquidity providers in internal FX pool for now
The need for control and transparency, and the size of the franchise means the bank has no wish to add external liquidity
Renminbi use in South Africa surges
Payments in the currency soar by 65% over the past year
Colt races ahead with North American expansion
The firm plans to hire a regional head by the end of September
MAS looks to overhaul payment systems
City state has access to some of the most advanced payment systems, but cash and cheque usage remains high
Banks trial distributed ledger for trade financing with R3
Firms are keen to move from paper-based to digital contracts
Northern Trust partners BEx to improve FX offering
Clients' evolving trading strategies and the need for more sophisticated expertise are behind the asset manager's decision
Mahi looks to be strategic risk manager for retail brokers
Appointment of Nick Mortimer comes as technology company prepares to push its Compass offering to the retail segment
World must prepare for takeoff of renminbi transactions
A more flexible renminbi will inevitably lead to the currency's increasing adoption in daily dealings, says HSBC
Thomson Reuters joins R3 consortium
The news and information provider joins distributed ledger technology lab
Global renminbi adoption slows in June
Decline continues in the internationalisation of China's currency, overtaken by the Canadian dollar in payments by value
GSX and Deutsche Borse give exposure to bitcoin
The firms will list an exchange-traded instrument, giving public markets more access to the digital currency
75% of buy side to use algos in a couple of years, participants say
Best execution requirements and liquidity conditions will drive adoption, according to a survey by Greenwich Associates
XTX hires in Singapore, joins Broadway liquidity network
Chan Wai Kin joins from Morgan Stanley
Thomson Reuters and CME to integrate messaging systems
The combined user base of the two will bring together some 300,000 market participants
Pragma rolls out real-time algo order-tracking system
Clients gain access to the Fix messages of all their parent and child orders
Financial market infrastructures get cyber guidance
CPMI and Iosco say FMIs can be a major channel through which certain financial shocks can spread across domestic and international financial markets
e-FX Initiative of the Year: Integral
The firm's internalisation and warehousing system, the FX Yield Manager, wins top prize
Best Transaction Cost Analysis Provider: New Change FX
Independence and data security score a win for the firm as it rolls out TCA app