News/Technology
Artificial intelligence in FX ‘may be hype’
Relevance for AI in foreign exchange does not stack up compared with other classes
Avelacom adds multi-cloud connectivity for crypto traders
Direct links set up in each location “jump” from points of presence to a cloud in under a millisecond
Focus on cross-border payments, not CBDC – Bundesbank
German central bank board member says prioritise “fast and efficient” payment network over digital currency
360T launches streaming NDFs
Technology is designed to facilitate entry of bank algos into growing non-deliverable forwards market
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
Singapore may allow trading in bitcoin-based derivatives
MAS opens consultation on proposal to allow trading of “payment token derivatives”
Interest-bearing CBDCs could solve welfare trade-off – IMF paper
Making CBDCs interest-bearing would avoid dangers to cash use or bank deposits
iBanFirst expands with NBWM acquisition
More than 1,000 clients will gain access to a variety of FX products and services
Credit Suisse uses neural nets to call minute-ahead FX
Bank encases AI in ‘control framework’ to curb risk and will stick to micro timeframe for now
Crypto assets may force central banks into policy synchronisation
Paper examines the impact a global crypto asset would have on the “impossible trinity”
Afme calls for pan-European crypto-asset taxonomy
Industry body urges EU lawmakers and stakeholders to become leaders in delivering common regulatory framework for digital assets
CLS introduces first data product for FX forwards market
In the past, CLS only provided data products for the FX spot market
Benoît Coeuré to head BIS innovation hub unit
Senior ECB official is highly regarded for work on payments and has warned of need for change
Integral and Jefferies partner to cut buy-side costs with TrueFX
By centralising credit, liquidity and technology, costs could drop by up to 80%
Singapore develops multi-currency blockchain network
Prototype developed in tandem with JP Morgan and Temasek enables payments to be carried out in different currencies
PBoC to rein in fintech firms after President Xi praises blockchain
Central bank will verify blockchain-compatible products in bid to ensure financial stability and curb speculation
Deutsche offers trade info to China FX clients via WeChat
The bank looks to extend this feature to other asset classes in the future
Deutsche Bank’s Autobahn goes mobile
App gains 700-plus subscriptions since September launch; users can trade round-the-clock
Cambodia extends blockchain payment system pilot
Central bank lengthens trial to end of year and explores including cross-border transactions
Numbering association starts work on crypto identifiers
Anna task force explores how Isins can be extended to digital assets such as tokenised securities and cryptocurrencies
Facebook not trying to replace central banks, claims Zuckerberg
Facebook chief plays down economic impact and says libra can help fight financial crime
Algo adoption at inflection point, driven by buy side
Usage in FX is rising, but there are inherent limitations to overall take-up
BdF paper looks at digital currency and remuneration
Remuneration is key consideration for design of central bank-issued digital currencies, paper argues
‘Hegemonic digital currency’ could help fix global system – Carney
Using CBDC to facilitate online sales could bring about more rapid change, governor says