News/Technology
HSBC brings in fintechs to strengthen its FX muscle
Bank quietly enlists fintechs to work within its fold, both to expand its capabilities and to let it focus on “superstar” technology in-house
Rise of workflow as the buy side's low-key hero
The goal is to build a “single source of truth” to cut costs, make better trading decisions and react quickly to new regulation
Deutsche Börse in talks to buy Refinitiv FX units
Negotiations confirmed, but not whether FXall is on the sale block
ParFX takes first step for moving into NDFs
Trading platform has snapped up an MIC code as it explores building a platform for the growing FX segment
Noisy data hinders financial firms' use of machine learning: survey
Financial firms have adopted machine learning and AI, but poor quality of data means the technology isn't used to the fullest
LCH brings automation to ForexClear
Firm collaborates with Genesis to automate exercise and options expiry
TraderTools to roll out algo suite for regional banks
Regional banks on the platform will be able to behave like HFTs in their local currencies
Broadway acquires Barracuda to build out tech stack
The combined entity will serve half of the top 50 banks in the fixed-income and FX space
Mizuho taps smartTrade to provide new e-FX platform
The Japanese bank is replacing its legacy FX platform
FastMatch sets up matching engine in Singapore
The ECN looks to diversify its product and client base by plugging into the city-state’s FX infrastructure effort
SGX snaps up 20% stake in BidFX
Exchange invests $25m in TradingScreen spinoff, expects to boost liquidity by adding OTC to FX futures
Seed CX adds new crypto pairs, lands ally in Asia
Institutional clients can now trade BCH/USD and LTC/USD, says Seed CX, which has partnered a Singapore fintech
B2C2 enlists Wall Street veteran Catalanello to head US expansion
Crypto market-maker hires former New York Fed FX committee member to lead quest for growth in Americas
Refinitiv takes deal-tracking service into cloud
Cloud-based FX post-trade product provides data archiving, aimed at easing compliance and cost burdens
EBS to turn on API streaming for Quant Analytics
Service will cover outbound analytics when it launches later this year, but should add inbound later
INTL FCStone extends e-trading platform across all frontier markets
The venue brings electronic FX to world’s most illiquid currencies
Capitolis onboards more than 20 firms to FX novation service
Platform live and novating FX options for market participants, with more instruments to follow
New Change FX to supply independent rate to Jyske Bank
Danish bank will use provider’s independent FX data for better analytics
Virtu completes $1bn ITG acquisition
Firm will supplement its current management with existing ITG leadership globally
FastMatch’s FX Tape available via QuantHouse’s API
The move extends the FX consolidated tape’s reach to a wider audience
Bloomberg brings alternative data to online platform
Enterprise Access Point goes beyond traditional data with geopolitics and financial sentiment feeds