Technology
Asia keener to adopt mobile FX trading – BidFX
Fintech firm updates mobile app to offer more features; security concerns represent major development challenges
Oanda appoints Coulon as CTO
Emmanuel Coulon joins from ADSS, where he was global head of technology
Vanguard: automation is great until it doesn’t work
Andy Maack, head of FX trading, talks about the future of trading, algos and diversity
GFMA: expect new trade lifecycle technology to surface in 2020
FX industry will see more use cases for algos, AI, distributed ledger technology and order routing
JP Morgan: beating lower margins, flat volumes and the competition
Foresees collaboration with clients and technology providers on FX tech infrastructure, and working with regional players
FX HedgePool: move to clearing may be irresistible
Jay Moore says balance sheet pressures will redefine buy-side credit relationships
SVB Financial Group invests in TickTrade Systems
Parent company of Silicon Valley Bank partners Toronto-based fintech to strengthen FX offering as client base goes global
Best Bank Awards: Barclays
Barclays is voted Best bank for GBP/USD at the 2019 FX Week Best Bank Awards
iBanFirst expands with NBWM acquisition
More than 1,000 clients will gain access to a variety of FX products and services
Integral and Jefferies partner to cut buy-side costs with TrueFX
By centralising credit, liquidity and technology, costs could drop by up to 80%
Former ADS Securities CTO Rossiter is CEO of Tranquility Base
The capital markets front-office tech specialist previously worked at Barclays and CIBC
Geneva subsidiary boosts smartTrade’s presence
The technology provider also expands Paris sales team with two hires
Knight tapped to lead Baton’s Emea expansion
Citi veteran to head Emea as California-based firm opens London office
Euronext FX looks to derivatives for diversification
Euronext unveils new three-year strategic plan to invest in FX, data and analytics
JP Morgan traded $250 billion via NDF algos this year
A fifth of all the NDF algo volumes conducted by JP Morgan’s clients is being internalised
Institutional crypto interest awaits infrastructure
Start-ups and entrenched players aim to bring over custody, execution and post-trade capabilities
Citi reshuffles FX management
Move intends to foster greater alignment of trading across the bank’s major product lines
Goldman Sachs shares algo analytics on FXGO
Bank teams up with Bloomberg for real-time algo order analytics to help client execution
ECB’s Mersch attacks Facebook’s ‘cartel-like’ libra structure
Senior ECB official accuses currency project of “treacherous promises”
Danske overhauls FX technology to rebuff Tier 1 competition in Nordics
Bank inks partnerships on pricing engine, connectivity and algos; tests mobile solution for corporates
US regulators applying outdated laws to crypto, hearing told
Congress also urged to open up Fed payment system if it wants to reach the unbanked
Baton hires Choussy as it eyes scale and client expansion
Choussy has been appointed president and chief operating officer
Caplin introduces cryptocurrencies on trading platform
Technology firm seeks to copy elements of FX trading while capturing crypto-specific features
Quant Lipton pans Facebook’s Libra
Former Bank of America exec sees more potential in rival projects, such as utility settlement coin