Tech and data
BSO and Hoptroff partner for time-stamping solution
The time-as-a-service solution provides accuracy within a 10 microsecond divergence from UTC
Record expands relationship with WisdomTree
The specialist currency manager will provide additional EM signals to the asset manager
360T expands algo suite for corporates
The platform offers 60 strategies from 13 banks, with four more dealers to come online before the year-end
Central banks adapt to faster markets, says BIS report
Fast pace of today’s markets means central banks must change approach to fulfil responsibilities
Consolidated feeds cost industry $1.4bn a year, survey finds
Despite the growth of direct data connections, spending on consolidated feeds is set to rise, Greenwich Associates finds
Need for security drives cloud adoption, says survey
The share of cloud spend in financial firms’ IT budgets is set to rise to 47% by next year – up from 30% now
Allston Trading picks Corvil for analytics
The electronic market-maker seeks to optimise its systems and infrastructure for better execution outcomes
Deutsche Börse boosts FX data offering
The new streaming service will cover FX spot and swaps
Citi launches ‘E For Education’ campaign for sixth year
The US bank includes a broader range of electronically traded products and new partners this time
OCC will not offer further guidance on ‘fourth-party’ risk
Onus on banks to vet subcontractors during contract negotiations, regulator says
Focus shifts to plumbing as crypto markets mature
Panellists at the 14th annual FX Week Asia conference say the institutionalisation of crypto markets is gaining momentum
Thomson Reuters adds JPY/THB to Matching
Trading the yen and baht directly will increase market liquidity and transparency
Caxton FX to provide open banking payments
Customers will be able to make international payments directly from its platform
Algo supervision is paramount, says Rahmouni-Rousseau
Banque de France’s director of markets notes the rise of algorithm usage carries a high level of responsibility
TransFicc secures Citi investment
Connectivity provider will join US bank’s innovation lab in London
China’s FX reserves unexpectedly rose in July
Total reserves stockpile increases by $5.82 billion as the central bank stays on the sidelines
Thomson Reuters deepens investment in crypto data
The firm's new partnership with CryptoCompare reveals insights into the data giant's crypto strategy
CLS to create DLT cross-asset app platform
The firm ventures beyond FX to cater for the financial sector as a whole
Renminbi payments hold steady in June – Swift
China’s currency keeps its fifth most-used currency spot for global payments, according to Swift
Rise of the cyborgs: tech remakes the front office
Dealers “have no choice” but to change, says UBS’s Orcel – and plenty of changes are coming
Central bank digital currency a ‘terrible idea’, US Congress told
Move to central bank cryptocurrency would make Fed “overwhelming credit allocator” – researcher
Nex and JBond launch first Japanese repo index
Index will help investors measure the effective cost of funding for Japanese government bonds
FSB launches crypto asset-monitoring framework
Metrics will focus on the financial stability risk of the cryptocurrency market; much of the data will be pulled from public sources
China’s FX reserves unexpectedly inch higher in June
Total reserves stockpile increases by $1.5 billion against the backdrop of a weaker yuan and escalating trade dispute