Trade execution

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/Trade execution

Live: EBAday 2016, day one

Payments professionals from across Europe are gathering in Milan this week for EBAday 2016, hosted by the Euro Banking Association and Finextra. We're liveblogging events here.

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Icap bags $65 million Chinese infrastructure deal

Icap has won a $65 million deal to supply technology for fixed income and foreign exchange electronic execution services in mainland China.

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As merger approaches, LSE and Deutsche Boerse eye job cuts and IT savings

The London Stock Exchange says that its planned merger with Deutsche Boerse could see up to 1250 jobs axed as the combined firm bids to make hundreds of millions of euros in cost savings, partly through technology.

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Deloitte launches financial services blockchain lab

Business advisory firm Deloitte is setting up an Emea financial services blockchain centre in Dublin that will house a team of 50 developers and designers.

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Icap to rebrand as financial technology company

Icap is to put its fintech incubator Euclid Opportunites to the forefront as it sells off its brand to Tullett Prebon and refocuses its business under the new name NEX Group.

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Euronext eyes M&A opportunities as it bids to compete with London and Frankfurt

European exchange group Euronext has set aside EUR150 million to fund its growth over the next three years through internal development and via a series of bolt-on acquisitions.

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Finextra Community goes from strength to strength

The Finextra Community has posted its 10,000th blog post, marking a major milestone in the growth and maturity of the financial technology industry's most enduring social network.

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SEC sets out details for consolidated audit trail database

The Securities and Exchange Commission (SEC) has set out plans to build a database, called the consolidated audit trail (CAT), which will help regulators track all trading activity in the US equity and options market.

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Competition watchdog probes ICE takeover of Trayport

IntercontinentalExchange's takeover of energy trading technology shop Trayport has been referred for an in-depth investigation by the UK's Competition and Markets Authority.

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Morgan Stanley report dampens distributed ledger hype

A new Morgan Stanley report poured cold water on some of the wilder claims about how and when distributed ledger technology will transform the financial services industry.

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CFTC Commissioner hails potential of distributed ledger tech for regulators

Policymakers and regulators should adopt a 'do no harm' approach to the use of blockchain technology in financial services, according to Commodity Futures Trading Commission (CFTC) Commissioner J Christopher Giancarlo, who also argues that the distributed ledger could be a boon for watchdogs by improving transparency.

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Chain and MUFG conduct blockchain trials

Mitsubishi UFJ Financial Group (MUFG) is collaborating with blockchain infrastructure outfit Chain on a proof-of-concept test for the application of distributed ledger technology in the issuance and transfer of Promissory Notes.

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Japan Exchange and NRI begin blockchain proof-of-concept

IT outfit Nomura Research Institute (NRI) is working with Japan Exchange Group and several major financial institutions to test the use of blockchain technology in the securities industry.

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Citi taps Microsoft HoloLens for virtual reality trading

Citi has been playing around with Microsoft's HoloLens holographic headset, building a virtual workstation that lets traders view data as 3D images.

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R3 outlines Corda distributed ledger for financial agreements

After six months of development, the R3 consortium has unveiled its Corda distributed ledger platform for recording and managing financial agreements.

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Bank of Ireland and BNP Paribas announce blockchain breakthroughs

New use cases for the adoption of blockchains in finance are appearing every day, with Bank of Ireland and BNP Paribas the latest to demonstrate the disruptive potential of the technology

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R3 enlists Microsoft Azure for distributed ledger push

Distributed ledger consortium R3 has struck a deal with Microsoft that will see the tech giant provide cloud-based tools, services and infrastructure for R3 lab locations around the world.

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Investment banks facing new industrial revolution - GreySpark

The world's investment banks must look to the experiences of the automotive and aircraft manufacturing industries in the battle to remain relevant in a new data-driven digital era says consultancy firm GreySpark Partners.

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Nasdaq unveils dark pool hosting plan

Nasdaq is apparently in negotiations with a number of banks and brokers about taking over the running of their dark pools, according to Reuters.

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Fintech boom will lead to 30% bank staff cuts - Citi

US bank Citi has forecast that the continued growth of fintech startups will mean 30% of bank staff will lose their jobs over the next ten years.