Horizon Software, the leading provider of electronic trading solutions and algorithmic technology to the world’s exchanges, banks, brokers and fund managers, today announced that it has been shortlisted for the ‘Best New Exchange or Trading Platform’ award.

Cashfac Technologies, the market leader in Bank-to-Corporate Cash Management solutions, today announced the launch of Cashfac Analytics, a real-time data analysis and reporting module that enables banks and corporates to better understand their cash movements. The module dramatically speeds up the process of analysing, understanding and navigating to the data related to specific cash management functions while simplifying reporting so banks and their corporate customers have greater insight into their operational performance.

iGTB, part of industry-leading Intellect Design Arena, today launched Release 16 of the world’s first complete global transaction banking platform, including Sanctions Screening – a new, faster and more comprehensive KYC solution – and the extension of CBX (Corporate Banking Exchange) to Apple Watch and other smartwatch devices.

The cost of breaking sanctions? US$12 billion. This is the total provisions for breaking sanctions by banks worldwide according to a recent Morgan Stanley report.

 E*TRADE Financial Corporation today announced the release of Apple Pay functionality for E*TRADE debit card holders. The simple, efficient payment option caps off an end-to-end experience for E*TRADE customers — from researching investment opportunities all the way through using cash in their accounts for daily purchases. Customers can now link E*TRADE debit cards directly to Apple Pay and enjoy safe, secure, card-free payment.

 Cordium, a leading global provider of compliance consulting, accounting, tax and software to the financial securities industries, has been named Best Advisory Firm (Regulation and Compliance) at the HFM US Hedge Funds Services Awards. The accolade completes the global set for Cordium following its success at the HFM Asia Fund Services awards where it took the title of Best Advisory Firm (Client Service), having previously been named Best Advisory Firm (Regulation and Compliance) and Best Independent Platform (Mirabella) at the European ceremony.

Equiniti Pancredit, a provider of credit sourcing and loan software for the lending and consumer finance industry, has today announced 14 new appointments.

The expansion follows a 38% year-on-year revenue growth in FY2014.

Path Solutions, a global provider of Sharia-compliant software solutions and software-enabled services to the Islamic financial services industry, today announced that it was named ‘Best Islamic Technology Provider’ in Islamic Finance news Best Service Providers Poll 2015, as voted for by the publication readership of Islamic finance professionals.

 FXCM Inc. (NYSE:FXCM), a leading online provider of foreign exchange (FX) trading and related services, today announced that is has upgraded  its Index CFD and Spread Bet market making technology which enhances its index trading offering.  

The definition of algorithmic trading under MiFID II is extremely broad, essentially capturing any functionality that determines any parameter of an order automatically. That begs the question, what order flow qualifies as not algorithmic? Hand on heart, how many traders can claim to exclusively use native exchange order types and not rely on at least one of the friendly little helpers in the form of a stop order, an iceberg, delayed start or order expiry? Probably very few, possibly none, right?

Today, The Clearing House (TCH) announced it has entered into a letter of intent with VocaLink, the UK-based international payment systems provider, to help build and deliver core elements of TCH’s new real-time payment system for the United States.

“Building a real-time payment system is centered around meeting customer needs,” said Jim Aramanda, CEO of The Clearing House. “I am confident that working together with VocaLink we can build the most innovative and widely used real-time payment system in the world.”