Latest Foreign exchange News: Finextra Research

'Electronification' of FX pushing up IT spending - Celent

Technology spending in the foreign exchange market is on the rise thanks to the growth of algorithmic trading and 'electronification' of the business, according to a report from Celent.

05 May 2011

News/Foreign exchange

Ion Trading agrees WallStreet acquisition

Ion Trading has signed a definitive agreement to acquire Wall Street Systems. No financial details have been disclosed.

21 April 2011

News/Foreign exchange

Thomson Reuters currency trading hit by outages

Thomson Reuters' currency trading platform was hit by intermittent outages yesterday morning.

10 March 2011

News/Foreign exchange

Banks delay FX dealing platform - Dow Jones

The world's biggest bank players in currency trading have delayed plans to launch their own dealing system until regulatory uncertainty is settled, according to Dow Jones.

04 March 2011

News/Foreign exchange

Top banks to sound out tech vendors on new FX dealing platform - WSJ

The world's biggest bank players in currency trading are preparing to sound out technology vendors about building them a new bank-only dealing system, according to the Wall Street Journal.

09 December 2010

News/Foreign exchange

MiiCard wins out as start-ups vie for VC attention in Sibos' Dragon's Den

Twelve technology start-ups are competing for venture capitalists' blessing at a session on the final day of Sibos, the annual event run by financial messaging body Swift.

28 October 2010

News/Foreign exchange

Betfair-backed retail trading platform LMAX launches

LMAX, a Betfair-backed online trading platform for retail contracts for difference (CFD) and foreign exchange investors, has launched.

25 October 2010

News/Foreign exchange

Broadridge buys City Networks

Broadridge Financial Solutions has acquired City Networks, a long-standing UK-based provider of reconciliation, multi-asset process automation and operational risk management software and services to the finance industry. Financial terms were not disclosed.

21 June 2010

News/Foreign exchange

Forex dealers form regulatory lobby group

Major foreign exchange dealers have established a new representative body to lobby lawmakers over regulatory changes that may impact the industry.

03 June 2010

News/Foreign exchange

Online platforms displace telephone as primary FX trading channel

Electronic trading in foreign exchange continued to gain ground in a contracting market last year, overtaking the telephone as the primary channel for customer dealing, according to research by Greenwich Associates.

11 May 2010

News/Foreign exchange

CME sues Canadian FX broker over trademark infringement

The CME is suing a Canadian foreign exchange broker, accusing it of trademark infringement and cybersquatting relating to the Globex name, according to Crain's Chicago Business.

16 April 2010

News/Foreign exchange

Finance IT jobs market shows first sign of recovery

In a tentative sign of economic recovery, demand for permanent IT staff at financial services firms has started to outstrip the call for contractors in the early months of 2010, according to recruitment outfit McGregor Boyall.

01 April 2010

News/Foreign exchange

Morgan Stanley Matrix founder heads to UBS

Hishaam Caramanli (formerly Mufti-Bey) has joined UBS as head of Global Securities - Client Facing Technology

12 March 2010

News/Foreign exchange

Currensee raises $8 million funding to fuel international expansion

Currensee, a social media platform for foreign exchange traders, has secured $8 million in Series B funding, which it will use to finance expansion into international markets in the UK, Europe and Asia.

23 February 2010

News/Foreign exchange

Post-trade automation top priority for FX traders and hedgies

The credit crisis and rise of electronic trading have led to a fundamental shift in the global foreign exchange market towards risk mitigation over the last couple of years, according to research from CME Group.

22 February 2010

News/Foreign exchange

First Derivatives to buy cash-strapped Cognotec

Capital markets tech house First Derivatives has struck a deal to buy Cognotec, the Irish FX dealing systems provider that went into receivership last week. Financial terms have not been revealed.

03 February 2010

News/Foreign exchange

Cognotec goes into receivership

Irish software firm Cognotec, a supplier of FX dealing systems to the global banking market, has gone into receivership after its business took a nosedive during the economic downturn.

29 January 2010

News/Foreign exchange

Thomson Reuters woos high-frequency traders with microsecond access to news

In a bid to woo high-frequency traders in London and Chicago, Thomson Reuters has launched a market data delivery service promising microsecond access to "market moving" machine readable news content.

25 January 2010

News/Foreign exchange

Finextra and the FISD partner for webcasts in 2010

The Financial Information Services Division (FISD) and Finextra have forged a partnership to deliver a series of video webcasts for market data and risk management professionals worldwide with a focus on real-time data management and delivery, reference data, and standards.

06 January 2010

News/Foreign exchange

Citi to sell LavaFX platform to FXall

Electronic multi-bank foreign exchange trading portal FXall has agreed to buy rival platform LavaFX from Citi. Financial terms of the deal were not disclosed.

04 January 2010