Tech and data
Barracuda FX: technology spend will drive innovation in FX
A lot of technology spend in 2019 will focus on upgrading outdated processes, increasingly driven by the FX Global Code’s principles
Pragma Securities: algorithmic trading ripe for growth
Pragma is building a new generation of algo that incorporates the latest artificial intelligence
CLS: mitigating settlement risk is crucial as volatility rises in 2019
Geopolitical factors expected to drive markets this year
FireApps: digitalisation of financial markets will accelerate
Banks are no longer just talking about digitalising their business; they have allocated hundreds of millions to it, says Wolfgang Koester
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
WM/Reuters Thai baht benchmarks to be sourced from Matching Clob
The baht benchmarks are now based on trade data rather than indicative rates
Beyond payments: central bank digital currencies
Issuance of central bank digital currencies, such as Sweden’s proposed e-krona, could facilitate monetary policy beyond zero lower bound
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
Avelacom adds new point of presence at TY3
This delivers the lowest latency capabilities between London and Tokyo
Bloomberg adds real-time market data service to cloud
Its front-office solution, B-pipe, is available via Amazon Web Services
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
MarketFactory partners Elysium
MarketFactory's API Whisperer integrates with Elysium and its cloud-based enterprise solution, Mission Control
Refinitiv expands data delivery with Amazon cloud
The service is improving access to real-time financial data globally
Avelacom connects to South Africa
Low-latency link from London to Johannesburg in under 160 milliseconds
State Street’s Bond: BestX audit will guarantee independence
TCA provider BestX will retain independence and be subject to annual audits focused on data
BSO connects to Mexico
Mexico City is the latest point of presence in the provider’s expanding connectivity network in emerging markets
Swift calls for standard API methodology
Open banking ecosystem will only succeed if standard-setters create universal method for API specifications, payment provider says
BestX clients seek independence reassurance
Clients and LPs want clarity around the deal between State Street and BestX to gain confidence about the provider’s continued independence
OTCXN partners Prime Trust
Prime Trust will serve as a third-party custodian for trading entities and exchanges using OTCXN technology
Quick to distribute Fenics’ Kace products in Japan
The agreement enables Quick to offer an integrated solution to clients
Thomson Reuters unit becomes Refinitiv
TR’s Financial & Risk changes name, following majority stake buyout led by Blackstone