In this week’s In the FICC of it podcast, Colin Lambert and Galen Stops discuss the Mark Johnson trial, pointing out that if the current verdict is upheld despite the ongoing appeal against it and ACIFMA’s decision to file an amicus brief in support of the appeal, it could have a very significant impact on both the Global FX Code and how the FX industry operates more broadly. They also look at why crypto regulation is unlikely to move as fast as some people in the industry would like, and why this might not be such a bad thing.
Deutsche Bank has put over 150,000 lines of code from its proprietary platform Autobahn into the public domain so that trading applications from different providers can use it as a shared foundation and work seamlessly with each other. The code will also be integrated into the Symphony collaboration platform.
The move is Deutsche Bank’s first contribution to open source technology, in which firms provide public access to computer code so that other programmers can suggest improvements and new ways of using it, for example to provide new services.
Thomson Reuters (TR) and Symphony Communication Services have announced a partnership that will enable market participants to share information from Eikon such as charts, news and data via Symphony’s messaging and collaboration platform.
The integration is slated to be available later this year. Users who have both Thomson Reuters Eikon and Symphony will be able to share Eikon content directly through the Symphony messaging and collaboration platform. If the recipient also has Eikon, then they are able to share live data, news and charts to support dynamic, real-time collaboration. The integration will leverage both Eikon and Symphony open APIs.
Galen Stops looks at how chat room activity is being monitored and controlled following recent collusion scandals.
“I’ve talked to hundreds of firms across the world and I haven’t yet met any that haven’t put requirements around information control, policy and security at the top of their agenda, it’s the first thing that comes to their minds,” says David Gurle, founder and CEO of Symphony, a cloud-based communications service provider.
This focus around information control and security is perhaps unsurprising given the events of recent years, in which financial institutions have been forced to shell out billions of dollars in fines relating to accusations of collusion to manipulate the Libor and WMR Fix benchmarks.