Infrastructure
CME confirms Houston as new global head of FX
The former Deutsche Bank head of FXPB and OTC clearing for Emea will report to Sean Tully in his new role
FlexTrade boosts APAC presence with three hires
Wong, Khan and Enstedt join the multi-asset OMS and EMS provider
Wong joins Gain GTX sales with North Asia focus
Ivan Wong moves from EBS, where he held a similar role
Gain's GTX ECN unveils binary data protocols
Clients using the ECN's new GTTP protocol can receive data faster at lower latencies
Tullett Prebon shareholders approve Icap broking buy
Finalisation of the deal is contingent on regulatory approval
Renminbi's global share of payments drops
But the Chinese currency is being increasingly adopted to settle transactions with China and Hong Kong
Broadridge allies with TTC to improve futures solutions
Futures and options remain a growth area for the firm
February volumes fall after good start to year
Average daily volumes reversed January's trend and dropped across all major FX platforms
RBC launches delegated execution tool for buy side
UnityFX, developed by RBC I&TS and Broadridge, will help investment managers with their operational FX needs
IHS set to merge with Markit
IHS Markit will be headquartered in London; the transaction has an implied value of $13 billion
Curex chief: anonymity is key to best execution
Curex and FX Connect sign agreement to provide clients with an alternative liquidity pool
Edgewater Markets raises $30m for expansion drive
As part of the deal, the firm's board will gain two new participants from FTV Capital
EU and US reach CCP recognition deal
US counterparties will be able to continue providing services to European market participants
Icap completes post-trade blockchain test
The interdealer broker is the latest to implement the technology in the financial industry
LSE and Deutsche Börse strike deal
Two exchanges unveil details of "merger of equals", which will create Europe's biggest exchange group, UK TopCo
Glocer joins Algomi as strategic adviser
Ex Thomson Reuters chief also invests in the network company
CFH Clearing launches matching engine in TY3
The prime-of-prime provider aims to reduce latency and enhance execution by reducing the round trip between London and Tokyo by 200 milliseconds
Wells, Choudhury leave ForexClear, according to reports
Wells has been instrumental in building the service since 2011
Banks complete blockchain trial for fixed-income products
With the aim of moving forward the banking industry's adoption of the technology
Jerome and Eggleston launch technology start-up
Former Morgan Stanley managing directors set up TCA and analytics firm
ICE considers bid for LSE to stop Deutsche Börse
The move by the US group could prevent a "merger of equals" between the two European exchanges
Class-action lawyers to tap into Barclays' FX team knowledge
With the bank providing information to investors from people within the firm with the most knowledge of its last-look practice, plaintiff lawyers could access information it could have taken years of discovery to obtain
EBS BrokerTec set to move to 1ms data updates
The new FX market data feed is expected to reduce update intervals to 1ms and will become available in the summer
Renminbi overtakes ringgit for Malaysian payments to China
The US dollar still accounts for the overwhelming majority of payments from Malaysia to the red dragon