The Depository Trust & Clearing Corporation (DTCC) and the Korea Exchange (KRX), the sole securities and derivatives exchange operator in South Korea, today announced the signing of a Memorandum of Understanding (MOU) to cooperate with each other on a Trade Repository (TR) solution in Korea.

Metamako, provider of the world’s fastest, deterministic, ultra-low latency devices for the trading, exchanges and telco communities, has today announced the launch of a new device, MetaMux 48. The next-generation, 48-port device lowers latency by 20% and has a greater number of ports.

Colt PrizmNet, the financial extranet developed by Colt, continues to grow and now connects over 50 exchanges and providers of financial content and services to more than 10,000 organisations worldwide, the company announced today.

Path Solutions has been voted ‘Islamic Banking Solution Provider of the Year' at the 2016 edition of Beacon of ICT (BoICT) Awards held on April 23rd at the prestigious Eko Hotels and Suites in Lagos, Nigeria.

Chartis Research has named Wolters Kluwer a Category Leader for the financial services industry in its RiskTech Quadrant^® on Credit Risk Management Systems for the Banking Book report. The RiskTech Quadrant uses in-depth research and a clear scoring system to determine which credit risk management solutions in the marketplace can best meet an organization’s needs and implementation strategy.

Demonstrating its growing reputation for delivering pan-European innovative payment solutions, Raphaels Bank Payment Services, has signed a partnership deal with European start-up Avuba.

The new deal will see Raphaels Bank, a market player in the emerging payments market, support the launch of an alternative payment account from Avuba for consumers in Europe.

Tokai Tokyo Securities (Asia) Limited, a wholly-owned subsidiary of Tokai Tokyo Financial Holdings, Inc., has gone live in Hong Kong with Asian trading platform from Fidessa group plc as a fully outsourced service.

Codit Group, a joint venture between Belgian Codit and Dutch Axon Olympus, is opening Codit United Kingdom. This marks Codit Group's next step towards expanding its international presence outside its established markets of Belgium, the Netherlands, France and Portugal, and its recent opening of Codit Switzerland mid-April. The new local office in the United Kingdom will be led by Tim Lewis.

Financial IT speaks to Kevin Houstoun, Chairman of Rapid Addition about the latest company's goals and the ongoing changes in trading industry.