News/Technology
ECB and BoJ point to major problem in DLT-based payments
Project Stella report says central source of information could create single point of failure
Baton rounds out funding with $4m Illuminate investment
DLT firm plans Asia expansion due to demand for delivery of assets in Asian and non-CLS settled currencies
Nomura advances AI trading platform for FX and fixed income
Over the next year the bank will converge its trading desk infrastructure to create a cross-asset class system
Emerging market central banks keener to issue CBDCs – BIS
BIS survey shows central banks shifting emphasis from wholesale to retail CBDCs
StanChart’s e-FX trading engine goes live in Singapore
Trade latency has been cut by more than 80%, Standard Chartered says
HK and Thailand launch next phase of cross-border CBDC project
CBDC-based payments can cut costs and boost speed, HKMA and Bank of Thailand study shows
Cœuré and Cunliffe to lead research group on CBDCs
Six central banks and BIS will explore use cases and share knowledge
Banks aim to reach more Asia FX clients with Symphony/WeChat app
Main benefit of Symphony on WeChat is ease of communication on a platform traders use regularly, says BNPP
RBA: stablecoins must wait until framework in place
Australian central bank says it may step up CBDC research efforts this year
ECB paper offers tiering solution to CBDC structural concerns
Separating CBDC functions could disincentivise use during crisis, but disintermediation of banking sector still a risk
Bahamas rolls out first phase of CBDC pilot
Pilot will extend to rest of country after June, says governor Rolle, depending on Exuma and Abaco case studies
Eurochain: CBDC project seeks secure anonymity
Proof of concept blends anonymity with AML/CFT regulation
Banks look to virtual data warehouses to unify trading desks
Adding a virtual layer could help take the burden off the traditional data warehouse
Riksbank to work with Accenture on e-krona pilot
First year will see development of user interface for mobile, card and watch-based payments
CBDC talk has been “overhyped” – former RBI deputy
Focus on retail CBDCs is potential distraction from core central banking functions, says Sinha
Central banks should collaborate on multicurrency CBDC – research
Lithuania’s central bank notes national CBDC projects will not solve global payment inefficiencies
OKEx expands crypto derivatives offering
Malta-based digital asset exchange upgrades trading architecture, with eye on futures and options trading
Banque de France to launch CBDC experiments in 2020
De Galhau says new directorate will consider using wholesale CBDC for tokenised asset transactions
BidFX eyes expansion in execution tools and algos
Buy-side focus on FX exposure will drive development
Instinet launching FX agency trading business
Execution services arm of Nomura prepares agency-model e-trading platform for spot FX
Avelacom reduces London to Hong Kong latency to 150ms
Improvements to the firm’s network are part of its increased focus on Asia