Tech and data
Global renminbi adoption slows in June
Decline continues in the internationalisation of China's currency, overtaken by the Canadian dollar in payments by value
GSX and Deutsche Borse give exposure to bitcoin
The firms will list an exchange-traded instrument, giving public markets more access to the digital currency
75% of buy side to use algos in a couple of years, participants say
Best execution requirements and liquidity conditions will drive adoption, according to a survey by Greenwich Associates
XTX hires in Singapore, joins Broadway liquidity network
Chan Wai Kin joins from Morgan Stanley
Thomson Reuters and CME to integrate messaging systems
The combined user base of the two will bring together some 300,000 market participants
Pragma rolls out real-time algo order-tracking system
Clients gain access to the Fix messages of all their parent and child orders
Financial market infrastructures get cyber guidance
CPMI and Iosco say FMIs can be a major channel through which certain financial shocks can spread across domestic and international financial markets
e-FX Initiative of the Year: Integral
The firm's internalisation and warehousing system, the FX Yield Manager, wins top prize
Best Transaction Cost Analysis Provider: New Change FX
Independence and data security score a win for the firm as it rolls out TCA app
Best e-FX Software Provider: Fenics
Flexibility and a focus on Asia allows rapid expansion of client footprint
Best Independent Algorithmic Trading Technology Provider: Tradepoint Systems
The transparency provided by the FX algo built by FX people wins over the sell side and regulators
Best e-Surveillance Solution Provider: b-next
The benchmark scandal fallout and MAR powers demand for surveillance and monitoring, despite the cost
Best Bank Algorithmic Trading Technology Provider: BNP Paribas
Fourth-generation algos provide access to the data the strategy uses during execution for maximum control
FXCH clears first institutional FX spot trade on blockchain
FX Clearing House from Ireland-based Baxter FX sets its sights on becoming the go-to CCP for all spot FX participants
Brazil's Bradesco joins R3's blockchain exploration
R3's quest to find broad financial use for the technology is growing across regions
Renminbi adoption in US slows in May
A decline of 1.6% from a year ago highlights the slowdown in the Chinese currency's internationalisation
China’s FX reserves sink to lowest in four years
Reserves fall by $27.93 billion to $3.192 trillion in May
Dairy demand data available for FX traders for first time
Global Dairy Trade publishes data that is often behind Kiwi dollar moves
Renminbi's global share of payments drops
The Chinese currency fell to sixth place last month, overtaken by the Canadian dollar
Record submissions for this year's awards
Shortlist of the 13th FX Week e-FX awards announced
Cochrane leaves ITG
FX TCA head exits the firm after four years
Equinix to double capacity in Europe
The increase follows its acquisition of data-centre company TelecityGroup
Fed refrains from intervening in Q1, but valuations push reserves up
Despite the Fed not intervening, US FX reserves rose on the back a weakening US dollar
BestX aims to become market standard for best execution
Plans to launch post-trade product on September 5 and pre-trade tool in January 2017