Foreign Exchange

Swift Reveals FX Performance Insight Tool to Wider Financial Community

Since announcing the new Business Intelligence FX Performance Insights tool at Sibos 2016, SWIFT has extended the offering beyond G16 broker-dealers to now provide this service to the wider financial community. FX Performance Insights allows financial institutions to continuously measure their FX business performance, enabling more informed strategic decision-making. FX market data in these reports is based on metrics derived from actual... more Read more »

Astana International Financial Centre JSC and Nasdaq Sign Technology Deal for New AIFC Exchange

Nasdaq, Inc. (Nasdaq:NDAQ) and Astana International Financial Centre JSC (AIF Read more »

Metropolitan Stock Exchange and GMEX to Collaborate in Exchange Space in India

Metropolitan Stock Exchange of India Limited (MSE), the third national level stock exchange, today announced it has agreed to collaborate with GMEX Group (GMEX) of London, provider of multi-asset exchange trading and post trade technology and business solutions.  MSE is developing innovative products in existing market segments as well as launching new trading segments. It is also expanding the eco-system and encouraging greater participation... more Read more »

Clearing Corp of India Distributes Real-time FX Rates via Bloomberg

The Clearing Corporation of India (CCIL) and Bloomberg today announced that real-time foreign exchange rates from CCIL will be made available to India’s interbank participants via the Bloomberg terminal.  For the first time, CCIL’s member banks will have access to its live interbank pricing data, including currency trading activity among banks and financial institutions in India on the Bloomberg terminal. Read more »

India's BuyForexOnline Proceeds to B2B Arena

Bengaluru based BuyForexOnline, the pioneer in the online Forex space, has announced the launch of a revolutionary new B2B Forex platform for Travel agents & Education Consultants.  The Total Agent Module (TAM) allows agents to effortlessly place Forex and Remittance orders for their clients. The additional burden of Sales, Payment, Delivery, Escalations and Customer support is then completely handled by the BuyForexOnline Team, leaving the... more Read more »

Nasdaq Unveils Venture Investment Program

Today Nasdaq, one of the world's leading providers of technology and services to the capital markets, reported the launch of a venture investment program, Nasdaq Ventures,  dedicated to discovering, investing in and partnering with unique fintech companies worldwide. Read more »

Saudi Stock Exchange Upgrades Its Standards

Today Saudi Stock Exchange (Tadawul) announced its progress across a range of far-reaching capital market reforms to enhance efficiency, corporate governance, and transparency. The reforms are part of the Exchange's efforts to further align Saudi capital market with international standards and make it more attractive to both domestic and foreign investors. Read more »

Nasdaq Hits New Market Technology Deal with Hong Kong Exchanges and Clearing Limited

Today Nasdaq, Inc. revealed a new agreement with Hong Kong Exchanges and Clearing Limited (HKEX) to upgrade the technological infrastructure of Hong Kong's main derivatives market, including trading, clearing and real-time risk management technologies. The agreement also extends the existing relationship for an additional five years. HKEX and Nasdaq have been technology partners since 1994.  Read more »

ICE Clear Credit Extends Clearing for Global Financial Corporate Single Name CDS

Intercontinental Exchange, a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced ICE Clear Credit will introduce clearing for additional credit default swaps (CDS) of U.S. and European financial companies. Read more »

Cobalt DL Secures LMRKTS as Multi-Lateral Compression Partner on Their New BlueSky Service

Today Cobalt DL, the FX post-trade processing network based on distributed ledger technology, announced a partnership with LMRKTS, who will be the first firm to offer services on its revolutionary BlueSky service, the shared ledger component of Cobalt’s platform.  Read more »

Neptune Expands Integration into FlexTrade’s Buy-Side EMS Platform

Today Neptune Networks Ltd., the fixed income market network for pre-trade indications in bonds, reported that it has completed connectivity to FlexTrade’s buy-side EMS platform, FlexTRADER, to distribute high quality, pre-trade data to assist investors with liquidity and price discovery within existing workflows. Read more »

Sucden Financial Selects BSO to Enhance Global Network Connectivity into Hong Kong

International FX and derivatives broker Sucden Financial has selected BSO to provide clients with unrivalled low-latency connectivity to execute derivative trades between London and Hong Kong. The deal enables Sucden Financial to deliver continuous network uptime between the two financial districts, as well as seamless access to its electronic trading platform STAR, which is used to trade futures and options on the major exchanges. Read more »

Travelex Brings Global Retail and Currency Solutions Functions

Travelex, the world’s leading foreign exchange specialist, has today brought together the global retail and Currency Solutions functions to fuel the organisation’s growth strategy. The combined trading operations will be led by Steve O’Donovan, Chief Commercial Officer, who has led the Currency Solutions business since 2008. This new structure will allow Travelex to harness its full portfolio of products to provide bespoke foreign exchange... more Read more »

Research Shows Increase in International Payments Solutions Rather Than (FX) Derivatives

Nick Pedersen, managing director, Equiniti International Payments looks at why companies are eliminating foreign exchange (FX) derivatives from their services and why integrated international payments solutions are becoming the preferred focus for 2017.  The recent pull back from various currency derivative based contracts offered from both bank and non-bank providers has been noticeable. The latest provider to do this, reported recently by... more Read more »

Bats One Premium Market Data and FactSet: Five levels of Quoted depth and Trade Information are available now

Bats Global Markets, a progressive worldwide provider of exchanges and services for financial markets, commented that its Bats One Premium market data product is now available for distribution through numerous FactSet products and platforms. FactSet, a global supplier of integrated financial data, analytical software, and industry-leading service, this month became the first distribution partner to reveal the new offer. Read more »

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