Tech and data
Symphony CEO: we help banks and regulators with compliance
Bank-backed messaging tool solves cyber-security and financial data-ownership issues
Policy divergence is biggest macro risk – reserve managers
Survey of central banks shows monetary policy, negative rates and China are top concerns
New Change FX rolls out TCA app
It's possible to compare algo performance, says company chief
CFH Clearing and MahiFX partner for MFX Compass distribution
CFH clients will be able to access MFX Compass via the STP platform
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
Moscow Exchange joins Markit's FX trading network
Global firms will be on-boarded faster on Moex than via API links
Thomson Reuters to roll out randomisation in June
TR Matching set to launch latency floor almost three years after initial client consultations
Pragma algo to exploit unusually predictable fix trading patterns
Five-minute fixing window created highly readable patterns
Sell-side shift creates opening for OMS vendors
With the buy side moving in a multi-asset direction, sell-side firms are tailoring their desks to meet new demand. Broker-dealers now want their order-management systems to do more
Thomson Reuters buys full control of WM/R
The firm now owns State Street Corp subsidiary The World Markets Company and with it the FX benchmark
Gain's GTX ECN unveils binary data protocols
Clients using the ECN's new GTTP protocol can receive data faster at lower latencies
Fintech could spur two million banking job cuts
US and European banks could cut up to 30% of their workforce in the next decade, suggests a report from Citi
Renminbi's global share of payments drops
But the Chinese currency is being increasingly adopted to settle transactions with China and Hong Kong
Giancarlo to regulators: give blockchain innovators space
CFTC commissioner says they must avoid impeding innovation and investment, and provide a straightforward legal environment
Fintech still beats banks on money-transfer value
Latest figures show banks' fees for global payments are three times higher than those of fintech specialist brokers
IHS set to merge with Markit
IHS Markit will be headquartered in London; the transaction has an implied value of $13 billion
Algo experts caution against too prescriptive regulation
Such laws can do more harm than good, they say, and prevention of market impact is too high a standard
Edgewater Markets raises $30m for expansion drive
As part of the deal, the firm's board will gain two new participants from FTV Capital
China may introduce Tobin tax on FX transactions
A levy on currency trading could be put in place to fight speculation
Icap completes post-trade blockchain test
The interdealer broker is the latest to implement the technology in the financial industry
CFTC working on cyber-security and auto-trading rules
Aiming for year-end target, but market participants are pushing back at some requirements
UK regulators zoom in on financial technology
The Bank of England is paying close attention to potential benefits and risks of digital currencies and distributed ledgers
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