Tech and data
Fintech still beats banks on money-transfer value
Latest figures show banks' fees for global payments are three times higher than those of fintech specialist brokers
IHS set to merge with Markit
IHS Markit will be headquartered in London; the transaction has an implied value of $13 billion
Algo experts caution against too prescriptive regulation
Such laws can do more harm than good, they say, and prevention of market impact is too high a standard
Edgewater Markets raises $30m for expansion drive
As part of the deal, the firm's board will gain two new participants from FTV Capital
China may introduce Tobin tax on FX transactions
A levy on currency trading could be put in place to fight speculation
Icap completes post-trade blockchain test
The interdealer broker is the latest to implement the technology in the financial industry
CFTC working on cyber-security and auto-trading rules
Aiming for year-end target, but market participants are pushing back at some requirements
UK regulators zoom in on financial technology
The Bank of England is paying close attention to potential benefits and risks of digital currencies and distributed ledgers
CFH Clearing launches matching engine in TY3
The prime-of-prime provider aims to reduce latency and enhance execution by reducing the round trip between London and Tokyo by 200 milliseconds
Toland launches fintech start-up for fixed-income markets
TransFicc aims to assist in the migration of trading to electronic venues and adherence to regulation
Xignite aims to stabilise corporates' FX data sourcing
The data provider will supply FX rates to customers on Oracle Marketplace to enable more accurate global financial reporting
FX funds begin 2016 on a positive note
Parker FX Index meanders into positive territory in January
Dalton leaves Citi
Head of FX algorithmic execution is understood to be moving to National Australia Bank
Banks complete blockchain trial for fixed-income products
With the aim of moving forward the banking industry's adoption of the technology
Mifid delay downgrades workload from unrealistic to challenging
But the task facing firms working to comply with the regulation is still daunting
Jerome and Eggleston launch technology start-up
Former Morgan Stanley managing directors set up TCA and analytics firm
RBA adds the Korean won to reserve portfolio
Australian central bank continues to unload euro holdings while introducing seventh reserve currency
Class-action lawyers to tap into Barclays' FX team knowledge
With the bank providing information to investors from people within the firm with the most knowledge of its last-look practice, plaintiff lawyers could access information it could have taken years of discovery to obtain
EBS BrokerTec set to move to 1ms data updates
The new FX market data feed is expected to reduce update intervals to 1ms and will become available in the summer
Renminbi overtakes ringgit for Malaysian payments to China
The US dollar still accounts for the overwhelming majority of payments from Malaysia to the red dragon
Asset managers need better handle on costs, processes
Panellists highlight the challenges they face in the pursuit of best execution
Buy side takes control of execution as liquidity worsens
Risk warehousing ability isn't there any more, say large buy-side traders
CFH Clearing expands choice of white-label platforms
In March, the PoP provider will add Olfa Trade's Seamless FX to its range
The new FX equation
Firms are scrutinising expenses more than ever, but despite hard times, one market participant believes innovation will drive down costs and "our best days as a market are ahead of us"