Tech and data
Fluent rolls out EBS Live Ultra connectivity
The low-latency provider starts connecting EBS BrokerTec clients to the data feed it launched last month
Blockchain adoption by banks at least six years away
Banks are holding back due to regulatory uncertainty and lack of in-house expertise, research by Six Securities Services finds
FXecosystem adds SG1 as it expands into Asia
This reinforces the firm's colocation connectivity network, which already includes LD4 and NY4
Renminbi's global share of payments slides
China's currency holds fifth place globally, but overall share shrinks again, Swift says
EBS launches Live Ultra data feed
Participation criteria set at $200 million of price maker orders as minimum and requires participants to act as makers at least 40% of the time
Perseus to speed up Chicago-Tokyo route
Connectivity firm to deliver round-trip latency below 120 milliseconds, which it says will be the fastest in the world, when improvements are completed in February
R3 and Axoni conclude DLT trial for bonds
Proof-of-concept project explores uses for distributed ledger technology for bond issuance processes
Synechron rolls out cloud-based blockchain applications
Among them is an accelerator for global payments that enables payment to banks in a single reserve, cutting both costs and the middlemen involved in these transactions
Bank of England lays out blueprint for RTGS reboot
“Comprehensive rebuild” of the payments platform will retain many core features while boosting resilience and functionality
IMF commends China for liberalisation steps
The Fund notes that achieving an effective float for the renminbi by 2018 remains a key goal
Spotlight on Solid FX: the rise of streaming in size
Dutch firm sees 45% growth in demand for its NBLP arm, gaining benefits from its ability to price-in up to $30m clips
Beeks launches self-service portal for buying connectivity
Beeks Marketplace allows institutional clients to find and purchase connectivity. The UK-based provider plans to add third-party products to its offering at later date
Fiat currencies stand firm against bitcoin
The cryptocurrency is a victim of its own success as strong demand pushes its price up, increasing speculative flows
Connectivity comes into focus as liquidity sags
Increasing participation from buy-side firms and deteriorating liquidity conditions boost cloud providers
Market data is the new battleground in FX
Innovation in the space has been lagging for years, despite high costs, but challengers are now emerging
JP Morgan won't use non-bank liquidity providers in internal FX pool for now
The need for control and transparency, and the size of the franchise means the bank has no wish to add external liquidity
Renminbi use in South Africa surges
Payments in the currency soar by 65% over the past year
Colt races ahead with North American expansion
The firm plans to hire a regional head by the end of September
MAS looks to overhaul payment systems
City state has access to some of the most advanced payment systems, but cash and cheque usage remains high
Banks trial distributed ledger for trade financing with R3
Firms are keen to move from paper-based to digital contracts
Northern Trust partners BEx to improve FX offering
Clients' evolving trading strategies and the need for more sophisticated expertise are behind the asset manager's decision
Mahi looks to be strategic risk manager for retail brokers
Appointment of Nick Mortimer comes as technology company prepares to push its Compass offering to the retail segment
World must prepare for takeoff of renminbi transactions
A more flexible renminbi will inevitably lead to the currency's increasing adoption in daily dealings, says HSBC
Thomson Reuters joins R3 consortium
The news and information provider joins distributed ledger technology lab