News Nuggets | 26 June: Nomura's New Exec; Toolkit for Responsible Use of AI

<p>Refinitiv Commences Consultations on New Euro-Denominated
Benchmark</p><p>Financial markets data and infrastructure provider
Refinitiv has introduced methodology changes to its euro-denominated interest
rate benchmark, Refiniv Term €STR. The London <a href="https://www.financemagnates.com/terms/s/stock-exchange/">Stock Exchange</a>-listed company has
also commenced public consultations on the benchmark.</p><p>According to the company’s statement, Refinitiv Term €STR would be transitioned from a prototype to a regulated production rate
for financial contracts starting September 2023.</p><p>The prototype is
available through the company’s products, including Refinitiv Workplace,
Refinitiv Eikon, Refinitiv Real-Time, and Refinitiv DataScope.</p><p dir="ltr">Singapore-Led Consortium Releases Toolkit for Responsible Use of AI</p><p dir="ltr">A consortium of 31 financial industry players led by Singapore's financial watchdog has released the upgraded version of the Veritas Toolkit. The toolkit is the first responsible artificial intelligence (AI) open-source resources developed specifically for the financial industry.</p><p dir="ltr">The improved toolkit has been tagged version 2.0 and is an improvement over the earlier version released in February last year. According to <a href="https://www.financemagnates.com/tag/monetary-authority-of-singapore/" target="_blank" rel="follow">the Monetary Authority of Singapore (MAS)</a>, the new version enables financial institutions to assess AI for fairness, ethics, accountability and transparency (FEAT). The first version only covered for assessment of fairness. </p><p dir="ltr"> “In the coming years, the consortium will focus on training in the area of responsible AI and facilitate more financial institutions’ adoption of the Veritas Methodologies and Toolkit,” MAS explained. </p><p dir="ltr"> Coinmotion Oy Appoints LocalBitcoins’ CEO as Chairman</p><p dir="ltr"> Coinmotion Oy, a Finnish cryptocurrency exchange, has appointed Sebastian Sonntag, the former CEO of LocalBitcoins, as the new Chairman of its Board of Directors. LocalBitcoins <a href="https://www.financemagnates.com/cryptocurrency/localbitcoins-shuts-down-after-a-decade-cites-very-cold-crypto-winter/" target="_blank" rel="follow">shut down in February</a>, citing ‘very cold crypto winter’.</p><p dir="ltr"> Apart from Sonntag, Coinmotion Oy, also welcomed Pekka Ylihurula, the former CEO of Finnish bank, S-Bank PLC, as a new Board Member. The cryptocurrency exchange believes that Ylihurula’s experience will be of great value to its ‘evolving business’. </p><p dir="ltr"> “Sebastian and Pekka's combined expertise will undoubtedly drive Coinmotion Oy as it continues to innovate and expand within the cryptocurrency space," said Henry Brade, Coinmotion Oy’s outgoing Chairman. Other current members of the crypto exchange’s Board of Directors include angel investor Taneli Tikka and blockchain developer Joel Lehtonen. </p><p dir="ltr">Coinigy Offers Multi-Monitor Support to Day Traders </p><p dir="ltr">Coinigy, a platform for managing digital asset portfolios, now provides ‘enhanced multi-monitor support’ to its users, especially day traders. The firm noted that the feature was designed to take users into “a new era of efficiency, convenience and profitability.” </p><p dir="ltr">“The multi-monitor environment, which is common in the equity, stock and forex worlds, is an important step forward and represents additional functionality for Coinigy users who already enjoy multi-exchange access,” explained William Kehl, Co-Founder of Coinigy. </p><p dir="ltr">With the new feature, users can now enjoy access to “professional tools once reserved for well-funded prop shops and institutions,” the firm added. </p><p dir="ltr">Nomura Taps Barclays' Nat Tyce to Lead Trading Unit in EMEA</p><p dir="ltr"> Nomura, Japan’s largest investment bank and brokerage group, has hired Barclays veteran Nat Tyce to lead its trading unit in Europe, Middle East and Africa (EMEA). According to a memo seen by Financial News, Tyce will serve as Head of Global Markets for EMEA. </p><p dir="ltr">Tyce previously spent over 25 years at Barclays and helped in transforming the British multinational bank’s trading unit into one of its highest-flying divisions. He last worked as Head of Macro Trading for EMEA and Asia Pacific at Barclays before his departure in June last year. </p><p dir="ltr">According to the memo, Tyce’s new role at Nomura commences today (Monday), as he replaces John Goff who is now Global Head of Structuring. He will report to Rig Karkhanis, who is the Head of Global Markets, and Jonathan Lewis, Head of EMEA.</p>

This article was written by Finance Magnates Staff at www.financemagnates.com.