Tech and data
IBM to launch blockchain-based payment solution
Initially available in the Pacific region for KlickEx clients, IBM plans to expands the network across the globe in 2018
Salmon warns of algo risks
BoE's Chris Salmon cautions against lack of transparency brought in by automated high-frequency trading
China FX reserves rise for eighth month running as yuan fortifies
PBoC figures show $17bn increase, bringing total stockpile of reserves to 11-month high
Nex Markets launches new analytics tool
Nex Quant Analytics will use benchmark data from the EBS ecosystem to deliver real, measurable insight for clients
FX Tape free until volumes hit $100bn a day, Galinov says
Data will be aggregated and slightly delayed
Northern Trust: algos give power to clients
The release of an FX algorithm suite in June ushered in a new era for the custody giant
Renminbi’s share of global payments rises slightly in July
China's currency retakes fifth place, but its overall share shrinks again, Swift says
Symphony's Gurle: the best is yet to come
Firm targets asset managers this year and aims to expand in Asia, Japan and Australia, CEO David Gurle tells FX Week
Cartledge: Direct is moving to single-ticket execution
“We don’t know if the order is for the full amount or not, so we don’t want to call it full-amount trading," says Cartledge
XTX moves to zero hold times
The liquidity provider eliminates discretionary latency buffers in the last look window when trading with direct counterparties on a disclosed basis
China FX reserves rise for sixth consecutive month
PBoC figures show $24 billion increase, bringing the total stockpile of reserves to a nine-month high
FX e-trading near saturation, says Greenwich
But the next stage in the success story is due, the financial consultancy says
The only game in town is Mifid II, says Bloomberg’s Van Name
With less than six months to go, market participants are scrambling to get ready
Pragma launches triangulation algo for crosses
New functionality will enable clients to achieve better execution when trading illiquid currency pairs
EBS FX Benchmarks are a unique proposition, says Taylor
Usage scenarios could include benchmark replication, portfolio management and structured products, says Nex Data MD
Industry wants to adopt fintech, but is struggling to do it – Saadon
Former Traiana co-founder launches Access Fintech to lower the risk and cost of trying new technology
China FX reserves rise for fifth consecutive month
PBoC figures show $3.22 billion increase, resulting in fifth monthly reading above $3 trillion
ECB: bulk of euro trading will stay in London after Brexit
In its annual review of the single currency, the central bank says any shift from the UK to the EU will be gradual
Renminbi's share of payments rises slightly in May
China’s currency regains position as sixth most used currency for global payments in May, with 1.61% share – Swift data
Hong Kong launches fintech association
The independent group aims to be the voice of the financial technology community in the territory
Thomson Reuters expands 25ms binary data feed to 15 more pairs
A total of 18 currency pairs are now eligible for the feed
Thomson Reuters partners Symphony to take on Bloomberg
The partnership aims to create seamless integration of powerful communication and collaboration capabilities across markets
IPC brings Unigy to small buy-side firms via the cloud
Unigy 360 is targeted at companies for which on-site solutions are impractical
Algo trading increasingly attractive to corporates, says Greenwich report
While the number of corporates using algos slightly increased in 2016, a significant boost in usage came from earlier adopters