Tech and data
Banks aim to reach more Asia FX clients with Symphony/WeChat app
Main benefit of Symphony on WeChat is ease of communication on a platform traders use regularly, says BNPP
RBA: stablecoins must wait until framework in place
Australian central bank says it may step up CBDC research efforts this year
Rise of the algo wheel
How the buy side is embracing algorithm wheels and where challenges still remain
ECB paper offers tiering solution to CBDC structural concerns
Separating CBDC functions could disincentivise use during crisis, but disintermediation of banking sector still a risk
Bahamas rolls out first phase of CBDC pilot
Pilot will extend to rest of country after June, says governor Rolle, depending on Exuma and Abaco case studies
Eurochain: CBDC project seeks secure anonymity
Proof of concept blends anonymity with AML/CFT regulation
Banks look to virtual data warehouses to unify trading desks
Adding a virtual layer could help take the burden off the traditional data warehouse
Riksbank to work with Accenture on e-krona pilot
First year will see development of user interface for mobile, card and watch-based payments
CBDC talk has been “overhyped” – former RBI deputy
Focus on retail CBDCs is potential distraction from core central banking functions, says Sinha
Vanguard: automation is great until it doesn’t work
Andy Maack, head of FX trading, talks about the future of trading, algos and diversity
GFMA: expect new trade lifecycle technology to surface in 2020
FX industry will see more use cases for algos, AI, distributed ledger technology and order routing
Refinitiv: innovation in 2020 will be evolutionary, not revolutionary
Firms will focus on ongoing projects before embarking on market-changing initiatives
Citi: e-FX matching engine goes live in Singapore
The bank will expand the e-FX offering to more products after spot debut
Central banks should collaborate on multicurrency CBDC – research
Lithuania’s central bank notes national CBDC projects will not solve global payment inefficiencies
OKEx expands crypto derivatives offering
Malta-based digital asset exchange upgrades trading architecture, with eye on futures and options trading
Banque de France to launch CBDC experiments in 2020
De Galhau says new directorate will consider using wholesale CBDC for tokenised asset transactions
BidFX eyes expansion in execution tools and algos
Buy-side focus on FX exposure will drive development
Avelacom reduces London to Hong Kong latency to 150ms
Improvements to the firm’s network are part of its increased focus on Asia
Artificial intelligence in FX ‘may be hype’
Relevance for AI in foreign exchange does not stack up compared with other classes
Avelacom adds multi-cloud connectivity for crypto traders
Direct links set up in each location “jump” from points of presence to a cloud in under a millisecond
Focus on cross-border payments, not CBDC – Bundesbank
German central bank board member says prioritise “fast and efficient” payment network over digital currency
360T launches streaming NDFs
Technology is designed to facilitate entry of bank algos into growing non-deliverable forwards market
Singapore may allow trading in bitcoin-based derivatives
MAS opens consultation on proposal to allow trading of “payment token derivatives”
Interest-bearing CBDCs could solve welfare trade-off – IMF paper
Making CBDCs interest-bearing would avoid dangers to cash use or bank deposits