Technology
Kx Systems: ‘fill or kill year’ for Global Code adoption
We need systems that can verify whether a firm is in compliance with acceptable market standards, says Richard Kiel
Northern Trust: tailoring algos to suit client needs
Interest in algorithms is growing across the FX industry
Northern Trust acquires BEx to strengthen FX capabilities
Acquisition follows successful two-year relationship that led to distinctive currency solutions for the bank
ABN Amro to clear Eurex FX derivatives
These include classic exchange-traded futures and options, as well as rolling spot
Morgan Stanley invests $15 million in Integral
Cash injection enables Integral to pursue platform expansion across broader set of currency participants
Best Banks Awards: 360T
360T wins two categories, Best Professional E-Trading Venue and Best Vendor for Dealing Technology, at the 2018 FX Week Best Banks Awards
Best Banks Awards: Saxo Bank
Saxo Bank wins the Best Prime-of-Prime House category at the 2018 FX Week Best Banks Awards
Avelacom opens Singapore office
The firm finds rising demand for low-latency connectivity in Asia-Pacific
MAS and SGX develop DvP for digital assets
This will shorten settlement cycles and simplify post-trade processes
Virtu Financial to acquire ITG for $1bn
Cash deal comes little over a month since reports of potential merger
MarkitServ launches cloud-based post-trade processing platform
The firm looks to migrate FX options and spot to TradeServ in 2019
DTCC begins testing DLT-based credit derivatives service with 15 banks
New service expected to launch after first quarter of 2019
BCS Global hires five senior analysts
Firm begins expanding analytical coverage to central Asia and Caucasus
Advanced Markets launches London operation
Nina Baksh will lead the London office for the FCA-regulated firm
MarketFactory partners Elysium
MarketFactory's API Whisperer integrates with Elysium and its cloud-based enterprise solution, Mission Control
At BlackRock’s West Coast AI lab
The firm is handing its “most vexing problems” to artificial intelligence
Refinitiv expands data delivery with Amazon cloud
The service is improving access to real-time financial data globally
Swift calls for standard API methodology
Open banking ecosystem will only succeed if standard-setters create universal method for API specifications, payment provider says
OTCXN partners Prime Trust
Prime Trust will serve as a third-party custodian for trading entities and exchanges using OTCXN technology
Law joins CLS in Hong Kong
Margaret Law joins from Northern Trust and reports to Joe Ziccarelli
Exegy promotes Anderson, hires Faulkner
The firm promotes Robert Anderson and adds John Faulkner to London sales team
Barclays gives Specs to FX participants
The client portal originally launched for equities in 2015 is now available for foreign exchange
Plansky becomes new chief executive at Charles River
He joins as State Street’s acquisition of Charles River is finalised
Thomson Reuters unit becomes Refinitiv
TR’s Financial & Risk changes name, following majority stake buyout led by Blackstone