Tech and data
Bahamas takes steps towards digital currency as legal tender
Central bank proposes changes to governing law to give itself authority to issue a CBDC
FSB raises pressure on stablecoins as firms abandon libra
Several major payment firms have distanced themselves from the project amid intense regulatory scrutiny
Machines can save 20% on routing orders, UBS says
Machine learning is navigating the labyrinth of venues, figuring out how best to land the trade
BIS and SNB co-operate on central bank digital currency
Technology research hub will also investigate how to use DLT infrastructure
Kantox provides Citi’s commercial bank with enhanced FX payments
Corporate clients in US will see connectivity improvements as Kantox operates as “software layer”
FSB looking into regulations applicable to stablecoins
Stablecoins may be small now, but there’s “no doubt” they pose regulatory challenges, FSB chair says
JP Morgan traded $250 billion via NDF algos this year
A fifth of all the NDF algo volumes conducted by JP Morgan’s clients is being internalised
Institutional crypto interest awaits infrastructure
Start-ups and entrenched players aim to bring over custody, execution and post-trade capabilities
Central banks urged to adopt DLT-based CBDC
Industry figures argue central bank money needed for token-based securities settlement, but central bankers sceptical
ECB prepares for ‘big-bang’ move to new market infrastructure
Eurozone's payments, instant payments and securities settlement systems will merge by end of 2021
Swift conducts 13-second cross-border payment
Trials complete payments from origination through to clearing and settlement within seconds
IMF officials call for ‘far-sighted’ digital currency regulation
Stablecoins could put weaker currencies at risk and increase illicit activities
Tradepoint onboards 10 streaming NDF providers for broken dates
The firm sees greater use of algos to trade NDFs in increasingly electronified market
Stablecoins raise ‘sovereignty challenge’, says de Galhau
French governor says rise of the cryptocurrencies highlights need for pan-European action on payments
ECB’s Cœuré weighs stablecoin risks
Executive board member calls for improved global payment systems while preserving global policy priorities
Regulators meet in Basel to grill stablecoin backers
Conference convened by G7 stablecoin group includes Libra Association, Fnality and JP Morgan
Tradefeedr partners Goldman Sachs, UBS and XTX Markets
The Tradefeedr tool aims to replicate analytics used by banks and large market-makers when pricing counterparties
Dutch central bank to start supervising crypto firms
New powers result from implementation of EU directive tackling anti-money laundering
Argentina opens IMF talks as crisis deepens
Government extends debt maturity and pledges reserves will not be used to repay international investors
BIS chief warns of ‘serious consequences’ from retail CBDC
Carstens envisages system with wholesale digital currency alongside private retail payment systems
Carney: digital currency could help fix global monetary system
“Synthetic hegemonic currency” could end destabilising dominance of dollar
Esma investigates whether middleware providers are venues
Aggregated FX liquidity offerings accused of masquerading as multilateral trading facilities
Danske overhauls FX technology to rebuff Tier 1 competition in Nordics
Bank inks partnerships on pricing engine, connectivity and algos; tests mobile solution for corporates
Argentine central bank tries to halt peso’s slide
Peso falls after primary election results come as blow for President Macri