Tech and data
Non-bank LPs boosted by TCA developments, study finds
Financial consultancy Greenwich Associates sees counterparty diversification as a strong trend
MahiFX launches buy-side execution tool
MFX Vector and e-FX Engine Room are the latest roll-outs from David Cooney's company
Lucera reshuffles senior ranks
Loveless heads into consulting while Lucera plans Asia expansion
FastMatch to penalise liquidity providers that impact market
The changes, taking effect in the third quarter, aim to push away those who move the market after receiving an order
Broadridge launches post-trade tool for sell side
The technology can be used to build a consolidated enterprise platform across the business and asset classes
Seabury expands relationship with Spotex
Spotex aims to grow market share, while Seabury's clients gain liquidity and technology boost
UK tops Singapore as second-largest renminbi-clearing centre
Forty per cent of all payments between the UK and China are now made using the Chinese currency, Swift data shows
Financial clients fear cyber threats and Asia slowdown
Cyber risk retains its top spot as the big concern for participants, but worries over macroeconomic issues are hot on its heels
Symphony to unveil external chat function in June
In an interview with FX Week, CEO David Gurle says the user base will grow significantly this summer
Symphony CEO: we help banks and regulators with compliance
Bank-backed messaging tool solves cyber-security and financial data-ownership issues
Policy divergence is biggest macro risk – reserve managers
Survey of central banks shows monetary policy, negative rates and China are top concerns
New Change FX rolls out TCA app
It's possible to compare algo performance, says company chief
CFH Clearing and MahiFX partner for MFX Compass distribution
CFH clients will be able to access MFX Compass via the STP platform
Five-year wait for Wall Street's adoption of blockchain
Distributed ledger technology will transform the financial industry, but not for another three to five years
Icap buys hedge fund analytics platform
An investor in Enso Financial Analytics since 2013, the interdealer broker aims to broaden its fintech presence
Moscow Exchange joins Markit's FX trading network
Global firms will be on-boarded faster on Moex than via API links
Thomson Reuters to roll out randomisation in June
TR Matching set to launch latency floor almost three years after initial client consultations
Pragma algo to exploit unusually predictable fix trading patterns
Five-minute fixing window created highly readable patterns
Sell-side shift creates opening for OMS vendors
With the buy side moving in a multi-asset direction, sell-side firms are tailoring their desks to meet new demand. Broker-dealers now want their order-management systems to do more
Thomson Reuters buys full control of WM/R
The firm now owns State Street Corp subsidiary The World Markets Company and with it the FX benchmark
Gain's GTX ECN unveils binary data protocols
Clients using the ECN's new GTTP protocol can receive data faster at lower latencies
Fintech could spur two million banking job cuts
US and European banks could cut up to 30% of their workforce in the next decade, suggests a report from Citi
Renminbi's global share of payments drops
But the Chinese currency is being increasingly adopted to settle transactions with China and Hong Kong
Giancarlo to regulators: give blockchain innovators space
CFTC commissioner says they must avoid impeding innovation and investment, and provide a straightforward legal environment