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DTCC pushes move to T+2 settlement for US markets
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US clearing body the Depository Trust & Clearing Corporation is pushing a move to shorten the settlement cycle for the US markets to T+2, claiming support from industry bodies and firms including JP Morgan.

Liquidnet poaches Wells Fargo’s Garrett as US technology head
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Buy-side block trading venue Liquidnet has appointed former Wells Fargo Securities equity trading boss Bob Garrett as its new head of technology, based in New York.

Citi launches block pricing tool on Bloomberg App Portal

Citi has launched an electronic block pricing tool via the Bloomberg App Portal, marking the first time a major tier one broker has ever used the Portal to deploy an application around the world.

European Parliament passes “sensible” MiFID II

The European Parliament has approved MiFID II, bringing to a close the political debate over the future of Europe’s trading infrastructure and ushering in a period of focus on finer technical details. The final vote will reflect a much more sensible approach than many had feared, according to Anne Plested, head of regulation change at trading technology specialist Fidessa.

Hong Kong and Shanghai exchanges prepare to build major new link

China’s Hong Kong and Shanghai stock exchanges are poised to build a major new link that will open up mainland China’s capital markets to foreign investors and vice versa.

Company Announcements
Liquidnet poaches Wells Fargo’s Garrett as US technology head

Buy-side block trading venue Liquidnet has appointed former Wells Fargo Securities equity trading boss Bob Garrett as its new head of technology, based in New York.

EBS rolls out mobile FX app

FX trading service EBS has launched Watch EBS, a new mobile app that is designed to show users the global spot FX market in as close to real time as possible.

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Features
Breaking bit
Bitcoin

Bitcoin is the poster child of the cryptocurrency world, but it’s not alone. Michael Mainelli and Bob McDowell take a look at the real-world implications of the rise of AltCoins

Algo tagging: where’s the logic in that?
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When the requirement brought about by the German high frequency trading act to tag algorithms comes into force this month, market participants may well feel hamstrung by the complexity of the regime – and some might wonder whether this requirement goes one step too far …

Comments
Improving data governance and ensuring data ownership
Julie-benson

New regulations requiring financial institutions to increase the amount of data fields they have on their customer records and swingeing fines imposed when processes and data are found to be inadequate have triggered an increased focus on data governance.

EU financial markets – from fragmentation to harmony?
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Consolidation of market infrastructure in Europe will continue, as firms choose post-trade service providers that meet their needs in terms of cost-effectiveness or value-added services. However, some of the real cost issues in Europe are still to be addressed.

Video
Promoting financial inclusion: Mastercard
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Ann Cairns, President of International Markets at MasterCard, talks to Banking Technology at MWC2014 about the growth of electronic payments to reach unbanked customers in emerging markets.

Revolutionising commerce: MasterCard
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Milan Gauder, Group Head of Emerging Payments, Europe at MasterCard, talks to Banking Tech at MWC2014 about mobile payments incorporating NFC and in-app payments. Both technologies have the opportunity to revolutionise commerce, he says.

Securing mobile identity: Giesecke & Devrient

Volker W. Gerstenberger, Director of Product Marketing for Mobile Security at Giesecke & Devrient, talks to Telecoms.com and Banking Technology at MWC2014 about the Internet of Things and the transition from plug in form factor SIMs to embedded authentication solutions.

MasterCard: addressing the needs of the mobile user

With 75 million consumers each month travelling overseas, there is a great demand for them to take [...]

Money2020: VocaLink’s Paul Stoddart on payment infrastructure improvements

Paul Stoddart, managing director of strategy & business development at VocaLink, talks to Banking Technology editor David Bannister about the lessons learned from the UK Faster Payments project and how other countries are approaching the issue.

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