Tech and data
Northern Trust launches FX algo suite
The bank aims to deliver greater transparency and flexibility to clients
Broadridge and Spence Johnson join forces
The strategic alliance enables asset managers to analyse retail and institutional data together
China FX reserves rise for fourth consecutive month
PBoC figures show $24 billion increase, resulting in fourth monthly reading above $3 trillion
BSO expands Asian connectivity with new Singapore and HK routes
The provider has also boosted speeds by up to 10ms in certain segments of its network
Renminbi’s share of global payments slips behind Swiss franc
Decline in the Chinese currency’s internationalisation continues as it loses its ranking of sixth place globally – Swift
Nex launches new JPY benchmark and teams up with FFAJ
Nex Data and Nex Markets provide margin ratios for 170 currency pairs, following new regulatory requirements in Japan
China FX reserves rise for a third straight month
PBoC figures show increase of $20.4 billion, resulting in the third consecutive monthly reading above $3 trillion
Ex-Blacktree founders launch TCA firm Tradefeedr
Balraj Bassi and Alexei Jiltsov who ran the Quantitative FX hedge fund for 6 years have now set up a FX analytics company
Greater adoption of TCA in FX expected – Greenwich Associates
Survey shows increasing use of algos and electronic venues will spur the development of transaction cost analysis
London retains top spot for offshore renminbi trading
The capital continues to dominate, despite the Chinese currency's overall share of payments shrinking, Swift says
IMF data shows limited adoption of renminbi as global reserve
Latest Cofer findings reveal renminbi holdings accounted for 1.07% of global FX reserves at end-2016
EBS to enforce Ultra participation criteria from mid-June
EBS BrokerTec will start calculating the 40/60 maker/taker ratios for EBS Ultra Live clients from May 15
China FX reserves inch higher in March
PBoC figures show increase of $3.96 billion, resulting in the second consecutive monthly reading above $3 trillion
Buy side to boost trading desk technology spend – Greenwich
Survey shows a larger share of budgets is being spent on technology while compensation costs shrink
Technancial and Ullink offer solution for clearing brokers
The newly launched product helps to monitor the trading activity of high-frequency trading firms using SDMA in near real-time
US traders most likely to boost algo usage and EM participation
Globally, 38% of 200 FX traders surveyed by JP Morgan plan to extend their use of algorithms
China FX reserves rebound for first time in eight months
PBoC figures show a rise of $6.9 billion in February, pushing the total above $3 trillion
Tullett Prebon Information signs partnership with Murex
The market data vending arm of TPI will distribute data sets to clients of Murex, which will use them to validate its models
Renminbi's share of global payments slides
China's currency holds sixth place globally, but its overall share continues to shrink, Swift says
SNB risks friction with US due to FX policy
Switzerland could face being labelled a currency manipulator as the Trump administration takes aim
Saxo simplifies cross-border payments with virtual IBAN
Avoiding the need for multiple accounts in various jurisdictions
EBS speeds up Live Ultra data feed to 5ms
The 5ms feed arrives with participation criteria, while 20ms is available to all EBS Live Ultra clients
TP Icap expands analytics division with Burton-Taylor buy
Interdealer broker plans to increase depth of data and expand into new sectors
Use of renminbi for payments drops in 2016
Swift blames the slowing economy, a more volatile currency and capital restrictions