Technology
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
BSO and Hoptroff partner for time-stamping solution
The time-as-a-service solution provides accuracy within a 10 microsecond divergence from UTC
Central banks adapt to faster markets, says BIS report
Fast pace of today’s markets means central banks must change approach to fulfil responsibilities
Bria joins LiquidityEdge as COO
Andy Bria joins LiquidityEdge, founded by ex-Icap chief David Rutter and headed by Nichola Hunter
CLS settlement will migrate to new platform in 2020
The infrastructure provider will launch the new venue based on its own technology next year, with service migration planned for May 2020
Barrow joins Nex’s Enso as head of Emea
Chris Barrow moves from Brown Brothers Harriman
State Street appoints co-heads of Emea global services
Ambrosius and Fontaine have worked at the US bank for more than a decade
TransFicc secures Citi investment
Connectivity provider will join US bank’s innovation lab in London