Infrastructure
IPC to onboard FastMatch to its FX Hub
The move provides market participants on the IPC ecosystem with access to FastMatch's trading platform and other services
GTX to launch London and Tokyo matching engines
London engine goes live on October 15, with TY3 to follow within 90 days. GTX partners Nightberg for research
CBOE buys Bats for $3.2bn
The firm is expected to incorporate the functionality of both platforms and migrate its trading to Bats' proprietary system
ForexClear volumes to hit $300 billion in September
The 100% growth compared with August comes as dealers in both the US and Europe expect costs to rise
CLS to launch payments netting service
CLS Netting, expected to go live in late 2017, will allow institutions to net trades currently not included in the CLS settlement service
SmartTrade launches big data analytics solution
The new solution, called smartAnalytics, will allow clients to generate graphical reports on pre-trade, execution and post-trade performance via a TCA tool
VTB says trades in line with rules at the time, after CFTC fine
US regulator fines VTB $5m for fictitious USD/RUB block trades, but VTB says penalty due to rule change, not non-compliance
Synechron rolls out cloud-based blockchain applications
Among them is an accelerator for global payments that enables payment to banks in a single reserve, cutting both costs and the middlemen involved in these transactions
Bank of England lays out blueprint for RTGS reboot
“Comprehensive rebuild” of the payments platform will retain many core features while boosting resilience and functionality
360T partners Bellin to offer trade-confirmation service
A single access point where corporate treasuries and banks can automate the exchange and management of deal confirmations
Bloomberg targets Middle East for growth
Firm plans to make moves in Dubai and Saudi Arabia as it places greater focus on cross-asset solutions
EBS to open NDF pool to non-bank players
Trading platform makes high-level decision to give prime brokerage clients access. Timing and details to come
Beeks launches self-service portal for buying connectivity
Beeks Marketplace allows institutional clients to find and purchase connectivity. The UK-based provider plans to add third-party products to its offering at later date
Renminbi use in South Africa surges
Payments in the currency soar by 65% over the past year
Russell expands execution platform again
The asset manager gives access to clients using the order-management system from Eze Software
MAS looks to overhaul payment systems
City state has access to some of the most advanced payment systems, but cash and cheque usage remains high
Banks trial distributed ledger for trade financing with R3
Firms are keen to move from paper-based to digital contracts
Cobalt enters beta-testing phase with DL platform
Post-trade venue expected to go live in 2017, with eight institutions already signed up
Northern Trust partners BEx to improve FX offering
Clients' evolving trading strategies and the need for more sophisticated expertise are behind the asset manager's decision
FastMatch to roll out market impact rule month's end
With new matching rules, the platform will be using tools that automatically select liquidity providers that create no market impact after receiving orders
Mahi looks to be strategic risk manager for retail brokers
Appointment of Nick Mortimer comes as technology company prepares to push its Compass offering to the retail segment
Rules of conduct and the e-trading challenge
With the Global Code of Conduct set to look at e-trading, the industry must ask how this growing area can best be governed
Platform volumes dip in July, but grow year-on-year
ADV inch lower for institutional FX venues after a Brexit-boosted June, but there is still growth, compared with 2015
World must prepare for takeoff of renminbi transactions
A more flexible renminbi will inevitably lead to the currency's increasing adoption in daily dealings, says HSBC