Tech and data
Comment period prolonged for algo rule proposal
CFTC recognises "the number of questions within" its Regulation Automated Trading suggestion
China’s FX reserves fall again in December, but decline slows
Latest PBoC figures show a drop of $41 billion in December to $3.01 trillion, the sixth consecutive month of decline
FastMatch tweaks fees to discourage use of last look
Platform continues push to eliminate last look trading and plans to introduce a dark pool where clients can exchange inventory
Renminbi faces depreciation pressure in early 2017
Chinese currency continues to fall against the US dollar in the first trading days, as Beijing seeks to slow capital outflows
Broadway sees demand for software pick up
Regulation and the need for a business edge have sell-side firms looking increasingly to software to meet their needs
Algo execution and TCA will drive market structure change
Pragma Securities chief Mechner expects best execution requirements to boost the adoption of algorithmic trading
More order types will be segregated from spot desks
Stop-loss and take-profit orders could follow fixing orders and become segregated, says BNP Paribas
Analytics and algos in focus as regulation hits
Credit Suisse sees best execution requirements being hammered home by Mifid II
FastMatch to offer algos and TCA to all subscribers
It makes the decision as algo execution gathers pace and clients require more trade transparency
Thomson Reuters buys minority stake in BestX
TR clients will be able to access BestX TCA as part of the deal
Transparency around algos to grow next year, according to panellists
The goal is that customers understand the tool; TCA an important part of the learning process
Gain Capital launches money transfer service
New service allows customers to transfer 20 currencies to 200 countries
Renminbi's share of trade finance slips
Euro overtakes the redback, but all currencies fall in value, according to Swift
R3 creates proof of concept for shared KYC service
Ten global banks work with R3 using distributed ledger to build concept for know-your-customer registry
China's FX reserves slide to lowest since 2011
Latest PBoC figures show a drop of $45.7 billion in October to $3.12 trillion
CFETS joins R3-led project
The number of participants has risen to more than 60 since its September 2015 launch
Renminbi's share of payments rises slightly in September
Swift finds 57 countries have crossed the 10% threshold for direct payments in the renminbi
Tullett Prebon Information to distribute digital currency data
Market data vending arm of Tullett Prebon signs deal with Brave New Coin to circulate 50 digital currencies, including bitcoin
Renminbi drops to six-year low
Figures from Safe show a net $44.7 billion worth of payments in the currency left China in November
IMF amends calculation of special drawing rights basket
Exchange rates for SDR will be obtained from a commercial provider by the Bank of England so the method is more “robust”
Prepare for variation margin rules now, urges Massad
CFTC chairman talks margins, capital requirements and automated trading at FIA Expo
Corporates still hesitant to engage with fintech
Survey finds substantial issues must be addressed before fintech is widely adopted by treasurers
Powell exits Thomson Reuters
Data industry sales and management veteran leaves 20-year role
Thomson Reuters is making its Matching data feed 10 times faster
Frequency of updates on currency pairs to rise to 25 milliseconds