International Islamic Trade Finance Corporation Conducts First Transaction with Partners on Bolero Trade Finance Platform
- 3 years 8 months ago
- Trading Systems
A Cash Against Documents transaction orchestrated by Saudi-based ITFC was successfully completed between SOFITEX and Louis Dreyfus Company (LDC), using an electronic bill of lading issued by the CMA CGM Group, a world leader in shipping and logistics, through Bolero’s digital trade finance platform for the first time. The transaction concerned a cotton shipment originating from Burkina Faso, shipped by CMA CGM Group from the Port of Lomé in Togo.
DTCC’s Alert Surpasses Ten Million Standing Settlement Instructions
- 3 years 8 months ago
- Trading Systems
The Depository Trust & Clearing Corporation (DTCC), the premier market infrastructure for the global financial services industry, today announced that DTCC’s ALERT, the industry’s largest and most compliant web-based global database for the maintenance and communication of account and standing settlement instructions (SSIs), has passed a key milestone with over ten million SSIs now included in the service— an increase of 12% in the past... more
Robinhood's Revenue Increased By 514% YoY- $682M In 2020
- 3 years 8 months ago
- Trading Systems, Investment
The FinTech industry is one of the fastest-growing industries despite the effects of COVID-19 slowing down its momentum. One of the more recent successes to come out of the FinTech industry is Robinhood Markets, Inc. or simply known as Robinhood. The company was founded in 2013 and officially launched its mobile-app that allowed investors to invest in commission-free trades of stocks and exchange-traded funds in 2015.
SH Capital Ltd Selects FinIQ as Digital Trading Platform
- 3 years 8 months ago
- Trading Systems
Newly launched digital treasury services management provider SH Capital Ltd (SHC), has appointed FinIQ as its digital trading platform. The company selected FinIQ, a leading Singapore-based capital markets technology provider, following a competitive search for a partner to support its expanding services across Dubai and the UAE region.
Horizon Extends Trading Solutions and Algos Offering to Vietnam
- 3 years 8 months ago
- Trading Systems
Horizon Software a leading provider of electronic trading solutions and algorithmic technology, is making its trading and algo solutions available in the fast-growing Vietnam market. Throughout the pandemic, capital has poured into the Vietnamese stock market – surging 20% to US$16.64 billion last year. With average transaction value estimated at US$304.8 million per session, up 51.5% year-on-year, the market is set for greater electronification.
Contour Partners with Thoughtworks to Ramp Up Digital Trade Finance in China
- 3 years 8 months ago
- Trading Systems
Contour, the global trade finance network, has partnered with international software consultancy ThoughtWorks in China. This marks Contour’s latest milestone in its expansion in the region and in the digitisation of international trade.
MODIFI Announces New 60M USD Debt Facility with Silicon Valley Bank, Brings Total Raised Capital to 111M USD to Fuel Global Expansion
- 3 years 9 months ago
- Trading Systems, Payments
Global fintech MODIFI announces a new 60m USD debt facility with Silicon Valley Bank (SVB), bringing its total raised capital to 111m USD. The facility from SVB's German Branch will be used to address increasing demand in existing markets, as well as fuel MODIFI's continuing growth and finance buyers and sellers in new geographies, particularly the US.
DTCC Proposes Way Forward to Achieving Global Data Harmonization in Derivatives Trade Reporting
- 3 years 9 months ago
- Trading Systems, Security
The Depository Trust & Clearing Corporation (DTCC), the premier market infrastructure for the global financial services industry, today outlined a three-prong plan to further harmonize derivatives trade reporting requirements and deliver against the objectives that were originally established by the Group of 20 (G20) at its historic 2009 summit in Pittsburgh.
SoftSolutions! Appoints James Della-Porta as Head of Client Engagement
- 3 years 9 months ago
- Trading Systems, People Moves
SoftSolutions!, the high performance multi-market fixed income trading technology provider, today announced that industry veteran James Della-Porta has joined as Head of Client Engagement. In his role, James will help clients take full advantage of the flexible approach that SoftSolutions! offers to the fixed income marketplace.
Fulton Bank Streamlines Foreign Exchange and Trade Finance Operations with Finzly FX STAR and EXIM STAR
- 3 years 9 months ago
- Online Trading, Payments, Banking
Finzly, a fintech provider of modern banking applications for payments, foreign exchange, trade finance and digital account opening, announced that Lancaster, Pa.-based Fulton Bank, N.A. ($25 billion asset) has gained significant operational efficiencies in its foreign exchange initiatives through the use of Finzly’s FX STARTM and EXIM STARTM solutions.
Bitfinex Launches Paper Trading for Honey Framework
- 3 years 9 months ago
- Trading Systems, Risk Management
Bitfinex, a state-of-the-art digital token trading platform, has launched paper trading for the Honey Framework, enabling users to test drive automated trading strategies in a simulated environment without putting real funds at risk. Bitfinex’s launch of paper trading on the Honey Framework serves to further democratise access to sophisticated algorithmic trading tools and data that has historically been the exclusive preserve of traders at... more
Smart Comparison Fintech Firm MONVA Announces Second Fundraising Campaign
- 3 years 9 months ago
- Fundraising News, Trading Systems, Investment
Fintech MONVA has today launched its latest round of fundraising, returning to Crowdcube one year after smashing its last fundraising target. MONVA is now targeting a further £200,000 investment via Crowdcube, ahead of a larger institutional round expected to take place towards the end of 2021.
Aquarius Financial Technologies Partners with CQG
- 3 years 9 months ago
- Trading Systems, Data
Aquarius Financial Technologies Ltd. (Aquarius), a next generation trading technology provider, today announced a strategic partnership with CQG a leading global provider of high-performance technology solutions for traders, brokers, commercial hedgers, and exchanges. The partnership will support Aquarius’ vision to launch an institutional-grade global cryptocurrency exchange using CQG’s proprietary technology.
MCA FINANCE Chooses NeoXam to Support Its Growth
- 3 years 10 months ago
- Trading Systems
NeoXam, the leading technology company in the finance sector, today announces that MCA Finance has chosen the Nx Tracker3 technology to manage its Front and Middle Office activities. With this choice, MCA Finance obtains the most advanced standards in order placing automation via Fix and Swift standards.
LME Selects Itiviti for Automated Client Onboarding as Part of Trading Infrastructure Overhaul
- 3 years 10 months ago
- Trading Systems, Infrastructure
Itiviti, a leading technology and service provider to financial institutions worldwide, today announced that the London Metal Exchange (LME) has chosen Itiviti’s FIX Conductor and VeriFIX Enterprise solutions to automate the onboarding process for their clients.
