Risk systems
UBS: last look is sticking around, but conversation evolving
Bank says transparent and open discussion can produce “mutual benefits going both ways”
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
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
Kx Systems: ‘fill or kill year’ for Global Code adoption
We need systems that can verify whether a firm is in compliance with acceptable market standards, says Richard Kiel
OCC will not offer further guidance on ‘fourth-party’ risk
Onus on banks to vet subcontractors during contract negotiations, regulator says
MarketFactory launches pre-trade limit tool
Reflector monitors and balances the limits and positions across all trading venues
Digital Reasoning secures $30m in new investment round
The firm aims to enhance the capacity of its AI technology to understand human speech
Salmon warns of algo risks
BoE's Chris Salmon cautions against lack of transparency brought in by automated high-frequency trading
Broadway sees demand for software pick up
Regulation and the need for a business edge have sell-side firms looking increasingly to software to meet their needs
R3 creates proof of concept for shared KYC service
Ten global banks work with R3 using distributed ledger to build concept for know-your-customer registry
Banks trial distributed ledger for trade financing with R3
Firms are keen to move from paper-based to digital contracts
Mahi looks to be strategic risk manager for retail brokers
Appointment of Nick Mortimer comes as technology company prepares to push its Compass offering to the retail segment
Financial market infrastructures get cyber guidance
CPMI and Iosco say FMIs can be a major channel through which certain financial shocks can spread across domestic and international financial markets
e-FX Initiative of the Year: Integral
The firm's internalisation and warehousing system, the FX Yield Manager, wins top prize
Best e-FX Software Provider: Fenics
Flexibility and a focus on Asia allows rapid expansion of client footprint
Financial clients fear cyber threats and Asia slowdown
Cyber risk retains its top spot as the big concern for participants, but worries over macroeconomic issues are hot on its heels
CFH Clearing and MahiFX partner for MFX Compass distribution
CFH clients will be able to access MFX Compass via the STP platform
Banks complete blockchain trial for fixed-income products
With the aim of moving forward the banking industry's adoption of the technology
Class-action lawyers to tap into Barclays' FX team knowledge
With the bank providing information to investors from people within the firm with the most knowledge of its last-look practice, plaintiff lawyers could access information it could have taken years of discovery to obtain
Buy side takes control of execution as liquidity worsens
Risk warehousing ability isn't there any more, say large buy-side traders
Part fills add to liquidity woes and sharp price moves
Not trading in full amounts makes market-making harder and more expensive for clients, say market participants