Technology
Citi reshuffles FX management
Move intends to foster greater alignment of trading across the bank’s major product lines
Goldman Sachs shares algo analytics on FXGO
Bank teams up with Bloomberg for real-time algo order analytics to help client execution
ECB’s Mersch attacks Facebook’s ‘cartel-like’ libra structure
Senior ECB official accuses currency project of “treacherous promises”
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
US regulators applying outdated laws to crypto, hearing told
Congress also urged to open up Fed payment system if it wants to reach the unbanked
Baton hires Choussy as it eyes scale and client expansion
Choussy has been appointed president and chief operating officer
Caplin introduces cryptocurrencies on trading platform
Technology firm seeks to copy elements of FX trading while capturing crypto-specific features
Quant Lipton pans Facebook’s Libra
Former Bank of America exec sees more potential in rival projects, such as utility settlement coin
Identity crisis for Facebook’s Libra under lawmakers’ grilling
Washington wrestles with ‘regulating the heck’ out of Libra without stifling innovation
Kurk joins Northern Trust as COO
Hire aims to capitalise on acquired technology and product capabilities
Debelle swings at ‘buyer beware’ disclosures in FX
‘They don’t give you free licence to do whatever you want,’ says new GFXC chair
Best prime-of-prime provider of the year: IS Prime
IS Prime voted Best prime-of-prime provider
Best FX market data provider of the year: CLS
CLS voted best FX market data provider
Record builds synthetic FXPB offering
Specialist currency manager will use tri-party model to move securities collateral between banks
CBDC could work as contingency payment solution – Norges Bank
Research continues, although central bank finds CBDCs unnecessary to ensure public access to secure means of payment
Lawmakers try to halt Facebook’s Libra over privacy and security fears
Swiss-based financial system potentially storing trillions of dollars could be target for hackers
360TGTX to unveil new NDF streaming to aid bank algos
Complementary offering set to go live next quarter
Gillespie joins Spotex in sales role
Based in London, Kevin Gillespie will target institutional and broker clients, besides banks
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
Refinitiv adds to buy-side offering with AlphaDesk acquisition
Deal lets vendor add OMS functionality to existing trading workflow
HSBC looks to AI to unearth data patterns around commercial activity
As DLT initiative brings forth more data, the bank is looking to improve services for corporate clients
SmartTrade selected for Asahi’s precious metals trading platform
SmartTrade will provide connectivity to markets, as well as pricing, distribution and post-trade management
Genesis product aims to speed up time to market
Creative Studio provides capability to build and customise web-based solutions with minimal coding
Former astrophysicist to overhaul BNY Mellon macro strategy products
Brought in from State Street, John Arabadjis will also supervise the bank’s analytics team