Nomura, Asia’s global investment bank, has made its five FX algorithmic strategies available on the BidFX platform, according to a story in MarketsMedia. Clients can now access Nomura’s FX Algo Tsuwamono Series on BidFX. Each strategy offers a wide range of flexibility on executions suited to client requirements and trading preferences.

Within a year of deploying the Symphony collaboration and automation platform across its markets and banking groups, Barclays found that it needed to implement a bot framework so it could manage the growing demands that users were putting on the platform, according to a story in MarketsMedia. The bank started its Symphony implementation by deploying three bots into production, according to Mehru Anand, director of digital transformation client-facing technology at Barclays. “There was a research bot that is used by front-office research and sales, a CRM flight-check bot that is used...

Credit Suisse and Societe Generale will be among the first users of a blockchain-powered settlement system after the platform was given the go-ahead by the Securities and Exchange Commission (SEC). Post-trade start-up Paxos received ‘no-action relief’ from the SEC to launch Paxos Settlement Service, which will soon begin processing trades for a limited number of brokers in certain US equities, The Trade reports. Paxos described its platform as a private, permissioned blockchain solution that allows for direct and bilateral settlement between two parties. The platform aims to...

Intercontinental Exchange has made moves to support the ongoing growth in exchange-traded funds (ETFs) with the launch of a technology-powered ecosystem to create and redeem ETF orders, according to a story in The Trade. Known as the ICE ETF Hub, the platform was designed to offer a more standardized and automated process for assembling and placing creation and redemption baskets. The hub is now live for domestic equities, with support for fixed income expected to go live in the fourth quarter this year. ICE will also add access to ICE Data Services pricing, reference data, and analytics,...

On October 22nd, FIF held a luncheon and panel discussion on upcoming options initiatives. The event began with a keynote presentation from Manisha Kimmel, Senior Policy Advisor to SEC Chairman Jay Clayton, on the current status of CAT.  The keynote was followed by a panel discussion focusing on: CAT Options challenges, the OCC Actionable Identifier Initiative, Options Exchange Initiatives, and OCC Initiatives.  FIF would like to thank Cboe Global Markets for sponsoring this event and all of those who attended. 

FIF is pleased to announce that BestXStats has joined the FIF Community.

FIF welcomes Simplex Trading, LLC to the FIF Community.

  FIF CAT Tech Spec Working Group - FIF held two working group meetings on Wednesday, October 23 and Friday, October 25.  During each call, FIF reviewed allocation scenarios and remaining questions, focusing on finalizing industry recommendations pertaining to the scope of allocations reporting and completing reporting modeling. FIF plan on finalizing our recommendations this Wednesday, after which time we will move on to cancellation scenarios.  Interview with FINRA CAT on the CAT NMS Plan site  - FIF provided our recommendations in terms of improving...

American financial services company Fidelity Investments has fully launched its cryptocurrency custody service. Abigail Johnson, CEO of Fidelity Investments, revealed the development in an interview with the Financial Times. Johnson said that the company is ready to roll out its crypto custody business following a year-long preparation and accumulation of clients. Last fall, Fidelity specifically indicated that it would provide an enterprise-grade crypto custody service to hedge funds, family offices, and financial advisors. Johnson called that kind of service nascent and not...