Technology
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
TraderTools to allow banks to white-label forwards and swaps
Firm gears up to give regional banks an algo suite in coming weeks to help market-making abilities
Crypto winter doesn’t spell end for blockchain investments
Despite the downfall of ICOs, investors are banking on blockchain transforming many industries
Electronic trading differentiates dealers competing for market share
Technology and business scope keep JP Morgan and Citi at the top, but selectivity has some dealers gaining momentum
Mosaic to bring real-time performance analytics to FX
Platform will be in production with a major client in third quarter
HSBC brings in fintechs to strengthen its FX muscle
Bank quietly enlists fintechs to work within its fold, both to expand its capabilities and to let it focus on “superstar” technology in-house
Singapore’s edge in race between Asia’s FX hubs
Singapore is beating Tokyo and Hong Kong in volumes, changing the FX trading landscape in Asia. What is it doing to make sure it's No. 1?
Puth takes up adviser role at R3
The former CLS CEO will serve as strategic adviser to the digital ledger technology firm
Rise of workflow as the buy side's low-key hero
The goal is to build a “single source of truth” to cut costs, make better trading decisions and react quickly to new regulation
Noisy data hinders financial firms' use of machine learning: survey
Financial firms have adopted machine learning and AI, but poor quality of data means the technology isn't used to the fullest
TraderTools to roll out algo suite for regional banks
Regional banks on the platform will be able to behave like HFTs in their local currencies
SGX snaps up 20% stake in BidFX
Exchange invests $25m in TradingScreen spinoff, expects to boost liquidity by adding OTC to FX futures
Refinitiv takes deal-tracking service into cloud
Cloud-based FX post-trade product provides data archiving, aimed at easing compliance and cost burdens
What the crypto market needs to entice institutional capital in
Adoption of more traditional regulated structure will help, but could dim crypto's rebel lustre, say industry participants
How publishers are still falling short on Mifid II post-trade data
Four publishers yet to align post-trade data format with Q&A issued eight months ago
BNY Mellon opens Program Trading Desk in FX business reshuffle
Bank adds segregated execution desk to boost confidentiality for clients with high-level transactions
Citi and HSBC go live on Capitolis Novation as first prime brokers
The two banks have used the service extensively across their client base
LMAX adds credit intermediation for spot FX trading
BNP Paribas and JP Morgan are working with the firm as credit intermediaries
StanChart to pay $40 million for attempted FX manipulation
UK bank says it now has appropriate control framework in place
SmartTrade hires Sancenot in sales, promotes Sarasini
Sancenot takes over Sarasini's role as global head of sales