I can remember a few years ago that the UK pound was almost at the level of being valued at $2.  Two dollars to the pound.  Amazing.  I brought a lot of American stuff that year.  Yesterday, I bought something and it was $1.30 to the pound.  Shoot.  The dinner for $100 that a few years ago would have cost me £50 was now £72.  Ouch!  I’ve seen this a lot over the years in my travels.  Australia used to be cheap.  It’s now expensive.  Europe used to be expensive and then became cheap, but it’s getting more expensive again since we voted to Brexit.

Vermilion has gone live with leading Australian investment manager Magellan Asset Management Limited (‘Magellan’).

 Thomson Reuters has added FX platform EBS to its post-trade network as part of its drive to improve market efficiency through provision of a venue-agnostic trade notification service. EBS joins more than 2500 other publishers and receivers on Thomson Reuters Trade Notification (TRTN) which enables EBS to offer complete straight through processing to its clients.

Goldmoney  is pleased to announce that the Company has entered into an Acquisition Agreement to acquire Schiff Gold Inc. ("SGI") and form a marketing and service agreement with Peter Schiff. SGI is a private, U.S.-based dealer in precious metals (formerly launched in 2010 as Euro Pacific Precious Metals), one of the largest and fastest growing retail gold dealers, and services a large client base with buy and sell orders for precious metals, storage and vaulting arrangement, and gold & silver IRA arrangement services.

Intellect Design Arena Limited, a specialist in applying true Digital Technologies across Banking, Financial Services & Insurance, announced that Bank Maybank Indonesia, one of the largest banks in Indonesia, has gone live with Intellect’s Integrated Treasury Management System (ITMS) – OneTREASURY for their Indian operations. The centralized treasury management solution from Intellect’s Risk, Treasury and Markets (iRTM) division has enhanced operational efficiency across asset classes and enabled the overseas branch to eliminate dependence on intensive manual operations.

Aschheim (Munich). Wirecard, one of the leading payment service providers, and AMETRAS, a global IT and software provider, have announced a cooperation in the field of mobile payment. Together, the companies are bringing to market a payment app for Europe’s largest furniture and furnishings store Möbel Inhofer. Using the app, furniture couriers can take payments on the customer’s doorstep.

This edition of Financial IT is being published in the wake of the momentous referendum in the UK which – for now – appears likely to result in Brexit, the departure of that country from the European Union (EU).