News/Technology
Goldman and Morgan Stanley go live with DLT-based CLSNet
Distributed ledger netting service will cover 120 currencies not eligible for CLS settlement
Bloomberg adds real-time market data service to cloud
Its front-office solution, B-pipe, is available via Amazon Web Services
Avelacom opens Singapore office
The firm finds rising demand for low-latency connectivity in Asia-Pacific
MAS and SGX develop DvP for digital assets
This will shorten settlement cycles and simplify post-trade processes
OTCXN launches crypto-trading venue for institutional clients
Clients have already begun executing trades in ether and bitcoin versus dollars
Virtu Financial to acquire ITG for $1bn
Cash deal comes little over a month since reports of potential merger
FlexTrade integrates pre-trade model into EMS
Modelling tool helps users plan trades, cashflow and hedging ahead of time
Refinitiv expands in Mena, launches sentiment feed in Japan
Clients can access range of markets in Middle East and North Africa
MarkitServ launches cloud-based post-trade processing platform
The firm looks to migrate FX options and spot to TradeServ in 2019
DTCC begins testing DLT-based credit derivatives service with 15 banks
New service expected to launch after first quarter of 2019
FlexTrade integrates data-sharing app into EMS
FlexTrade clients can automate data workflow across various platforms and systems
Fix participation shifted after scandal, says FCA
Lengthening the benchmark window in 2015 made manipulation less likely, but the fix price is harder to obtain
MarketFactory partners Elysium
MarketFactory's API Whisperer integrates with Elysium and its cloud-based enterprise solution, Mission Control
Refinitiv expands data delivery with Amazon cloud
The service is improving access to real-time financial data globally
Avelacom connects to South Africa
Low-latency link from London to Johannesburg in under 160 milliseconds
Quantile adds CME to optimisation service
Quantile Technologies completes initial NDF margin-optimisation cycle with CME group
State Street’s Bond: BestX audit will guarantee independence
TCA provider BestX will retain independence and be subject to annual audits focused on data
BSO connects to Mexico
Mexico City is the latest point of presence in the provider’s expanding connectivity network in emerging markets
Swift calls for standard API methodology
Open banking ecosystem will only succeed if standard-setters create universal method for API specifications, payment provider says
BestX clients seek independence reassurance
Clients and LPs want clarity around the deal between State Street and BestX to gain confidence about the provider’s continued independence
OTCXN partners Prime Trust
Prime Trust will serve as a third-party custodian for trading entities and exchanges using OTCXN technology
Capitolis and Nex partner for FX novation
Capitolis Novation will be accessible through Nex Infinity and as a standalone service
SaxoSelect sees healthy growth in Q3
Saxo Bank’s digital investment service allows clients to put money into a range of pre-selected investments
Quick to distribute Fenics’ Kace products in Japan
The agreement enables Quick to offer an integrated solution to clients