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Automated Trader Update: FX guide to good behaviour

First Published 26th May 2017

FX Global Code published, LedgerX to establish bitcoin entity, FIG launches AI FX platform, 40 institutions invest in R3, Nasdaq & Citi in blockchain & banking integration, Etherium adds 86 members, Euronext buys FastMatch, Nice Actimize debuts Robotic Process Automation, IHS Markit launches Outreach360, Instinet introduces RQ Connect, Acuity Trading and Dow Jones announce news tool, Saxo bank releases developer portal for Open API.

The Foreign Exchange Working Group has published its FX Global Code, a single global code for the wholesale foreign exchange market. The timing is highly appropriate considering the buzz around bitcoin right now: LedgerX raised $11.4 million to establish a regulated bitcoin options clearing house, and FIG announced the launch of its A.I. FX platform and new digital token Compcoin.

In blockchain news R3 secured a $107 million investment from over 40 institutions. Nasdaq and Citi announced a blockchain and global banking integration, and 86 new members, including State Street and the DTCC, joined Etherium's blockchain alliance.

All Automated Trader online news is available to readers here, and all articles here: issue 42, issue 41, and issue 40.

Industry news

Morgan Stanley Investment Management raised $125 million for global impact fund, PMF Integro.

Euronext announced the acquisition of 90% of FastMatch for $153 million.

Bloomberg officially launched a trading system for Romanian Government Bonds.

Products and Services

NICE Actimize introduced Robotic Process Automation for risk and compliance.

IHS Markit launched Outreach360 MiFID II solution.

ABN Amro selected Fenergo for KYC management.

Instinet announced RQ Connect, a provider-neutral hub for MiFID II research payments.

Acuity Trading and Dow Jones introduced a news sentiment and visualization tool for traders.

Saxo Bank released a new developer portal for Open API.