Tech and data
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"
FX Focus: The new FX equation
The latest quarterly supplement, FX Focus, is now online
Banks are still vital for FX
Liquidity provision may increasingly be a non-bank play, but credit remains a bank business
TCA requires standard benchmark and practices
The quest for a universal way of measuring execution quality continues
Part fills add to liquidity woes and sharp price moves
Not trading in full amounts makes market-making harder and more expensive for clients, say market participants
Ricci joins fintech firm freemarketFX
Former head of Barclays investment banking takes new position as chairman
Ledgers bring transparency to bank payments
Distributed ledgers allow banks to track international payments like a package
Test algos or go to jail
Under Mifid II, participants need to certify their algorithms will not cause market disorder or face the consequences
Sales remuneration set for shake-up
Venues and brokers shift focus to quality of flow amid rising price competition
China's FX reserves plunge to more than three-year low
Latest PBoC figures show a drop of $99.5 billion in January to $3.23 trillion
China relaxes QFII limits amid calls for capital controls
FX regulator lowers the ‘lock-up’ period, during which foreign investors must wait before repatriating funds, from one year to three months, as analysts warn of renminbi devaluation
FCA expands accountability to HFT traders
New rules published by the UK watchdog aim to strengthen individual accountability in the financial industry
FXCM study underlines segregated pricing advantages
Retail clients gain better or equal prices than on interbank and futures platforms more than 90% of the time
Renminbi direct payments make inroads in Middle East
The Chinese currency ranks first when the UAE and Qatar make direct payments to China and Hong Kong
China's central bank explores digital currencies
The PBoC is studying the possibility, alongside a team of researchers, major financial institutions and advisory bodies
Abacas issues first asset-backed coin on bitcoin blockchain
The exchange, launched in June 2015, allows managers to exchange assets without owning them
R3 connects 11 banks via distributed ledger
The firms complete mock trades in a series of experiments that could determine blockchain's application in the finance industry
New Change FX provides mid-market rate data to RBS
The information provides RBS customers with an independent way to measure the cost of their trades
XTX Markets retains Chris Knight to lead Apac push
Knight's firm, Market Partners, will start working with XTX in late January
Renminbi slides to five-year low as FX reserves fall
China's reserves fell $108 billion in December as the People's Bank of China continues to intervene in the market