The US CFTC also fined NatWest Markets, PNC Bank and Northern Trust for reporting and risk management regulation failures.
Buy-side traders still want to be able to stop algos and take control for themselves in-flight, but data challenges remain for those seeking a low-touch route.
John Flint has resigned as group CEO at HSBC after taking on the role in February 2018.
Wematch IRS adds JP Morgan, RBC, HSBC and Societe Generale to dealer-to-dealer platform.
Michael Roberts will join HSBC after 34 years with Citigroup, most recently as chief lending officer.
Capitolis launched its novation platform last year in partnership with major firms including Citi, HSBC, Brevan Howard and BlueCrest.
DLT is becoming more accepted by banks and financial institutions that are in the process of developing use cases and rolling out the technology.
Software startup was launched in 2015 by two senior trading technology executives who formerly worked at HSBC.
Goldman Sachs, Citi, JP Morgan, Wells Fargo and Franklin Templeton Investments are also investors in blockchain technology vendor Axoni.
Discussions around data helping illiquid instruments trade more effectively conjure up worries about what the future of passive investing and what it means for post-trade providers.