Foreign Exchange

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 »

Alior Bank Opts for Misys FusionCapital

Alior Bank will use Misys FusionCapital to streamline processes and boost operational efficiencies across its treasury and foreign exchange trading business. The solution supports the bank’s continued rapid growth which at the moment averages 15% on an annual basis. Read more »

EquiChain unveils its blockchain based prototype for capital markets

EquiChain, a London-based Fintech company with an Asia regional office in Hong Kong, announces its working prototype for capital markets.  The company plans to implement a full end-to-end ‘execution to custody’ (E2C) pilot in 2017, positioning EquiChain to deliver the full potential of distributed ledger technology (DLT). The company also announces the closing of its initial funding round, secured from its board members, advisors and close... more Read more »

Neptune continues liquidity expansion in first few weeks of 2017

Neptune Networks Ltd. "Neptune", the open-standard network for bond real-time AXE indications, today announced the addition of Nomura and Jefferies to its network. Read more »

Leading European bank selects CTC for greater financial and risk control

Gresham, the leading software and services company that specialises in providing real-time transaction control and enterprise data integrity solutions, is pleased to announce a strategic win in the European banking sector. Read more »

Eurobank Group goes live with Catalys by Itiviti

Itiviti, a world-leading technology provider for the capital markets industry, today announced that Eurobank Equities Investment Firm SA, the brokerage arm of Eurobank, one of the largest Greek banks, has selected the next generation FIX Engine Catalys by Itiviti to support transactional needs and VeriFIX by Itiviti for automated testing, including implementation by Itiviti Professional Services. Read more »

Xignite opens New York Office and gets two senior financial services executives on board

Xignite, Inc., the leading provider of cloud-based financial data application programming interface (APIs), has expanded its leadership team adding two senior financial services executives, Ryan Burdick, Senior Vice President and Global Head of Sales and Marla Sofer, Senior Director, Strategic Business Development. Read more »

SIX x-clear continues to expand into Nordic markets

SIX x-clear Ltd – the clearing arm of SIX Securities Services – is now able to provide clearing services for the Nasdaq Nordic cash equity markets (including ETFs). From 20th February, 2017, SIX x-clear offers an enhanced and interoperable clearing solution for Denmark, Finland and Sweden. Read more »

Option Market Launches at Tehran Stock Exchange

Single Stock Option Contracts were introduced for the first time at Tehran Stock Exchange on 18 December 2016. The call option contracts started trading on the above date, and it is expected to shortly develop put option market as well. The existing option contracts are exercised as European options. On the first day of trading, more than 15000 contracts were traded in 270 transactions at the total value of IRR 25 Billion. Read more »

Citi becomes an angel for Cobalt DL

Cobalt DL, the FX post-trade processing network based on distributed ledger technology, today announced that Citi has become an investor and one of the launch clients for their Cobalt FX post trade solution. Cobalt DL has commenced beta testing with a number of leading FX participants on its private peer-to-peer network that uses distributed ledger technology to significantly reduce risk and cut post-trade costs by up to 80%. Cobalt DL’s FX... more Read more »

Saxo Bank Distingueshed for Unrivalled FX Offering

Saxo Bank, the online multi-asset trading and investment specialist, today announces that it has won Best Prime of Prime House in FX Week's Best Banks Awards and Best Forex Broker and Best Prime of Prime/Retail Liquidity Provider in the Finance Magnates Awards. Read more »

SGX Named “Asia Exchange Of the Year” At Energy Risk Awards

Singapore Exchange (SGX) has been named “Asia Exchange of the Year” by Energy Risk, adding to its earlier “Exchange of the Year” title at the magazine’s global awards. Energy Risk, a Risk.net publication, presented its Asia awards at a gala dinner in Singapore on 24 November to recognise excellence across Asian commodities markets. Read more »

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