Foreign exchange

803 articles tagged with this keyword

/Foreign exchange

Citi and JPMorgan join ParFX as founder banks

ParFX, the spot forex electronic trading platform set up by Tradition last year, has added Citi and JP Morgan to its founder bank community.

/Foreign exchange

P2P FX platform Kantox raises EUR6.5m

Kantox, a London-based peer-to-peer foreign exchange trading platform for SMEs and mid-caps, has raised EUR6.5 million in a series a funding round.

/Foreign exchange

Europe reaches agreement on MiFID reforms

A comprehensive rewrite of rules governing trading in financial markets has been agreed by the European Parliament and the bloc's Council of Ministers.

/Foreign exchange

Deutsche Bank bans chat rooms as Europe takes banks to task over rate rigging

On the day it was fined EUR725 million by the EU for rate rigging, Deutsche Bank has confirmed that it has banned traders from using chat rooms, which have proved a fruitful hunting ground for regulators sniffing out market manipulation.

/Foreign exchange

CLS raises £160 million to meet new capital demands

FX risk reduction utility CLS Group has raised £160 million from its banking shareholders to meet new capital standards for systemically important market infrastructures and to invest in new technology.

/Foreign exchange

Citi translates electronic FX trading activity into charity dollars

Citi's latest philanthropic effort will see the bank hand over money to education-related non-profits based on foreign exchange trading volumes on its Velocity electronic platform.

/Foreign exchange

Singapore turns to Thomson Reuters for currency benchmark calculations

Singapore is to use actual transactional data from Thomson Reuters to calculate benchmark currency rates in the wake of a rate-rigging scandal involving up to 133 traders from 20 banks on the island state.

/Foreign exchange

Live blog: Swift Business Forum - London 2013

Returning for its third year, the Swift Business Forum London brings together over 700 financial services professionals to explore the key challenges and opportunities facing our industry today. Finextra is liveblogging events here.

/Foreign exchange

Tradition launches spot FX trading platform

Tradition has launched ParFX, a spot forex trading platform with the backing of 11 major banks, including Barclays and UBS.

/Foreign exchange

Coinsetter raises $500k for bitcoin FX trading platform

New York-based start-up Coinsetter has raised $500,000 in seed funding as it prepares to launch its forex trading platform for bitcoin.

/Foreign exchange

FXCM makes Gain Capital takeover offer

Online foreign exchange trading platform FXCM has offered to buy rival Gain Capital for $210.4 million in stock.

/Foreign exchange

Icap sells Traiana stake to banks

Icap has sold a 12% stake in Traiana to a group of seven bank customers in a deal valuing the foreign exchange post-trade processing platform at $300 million.

/Foreign exchange

Thomson Reuters, GFI Group and SDIC Trust form Chinese FX and money broker JV

Thomson Reuters and GFI Group have formed a joint venture with Chinese outfit SDIC Trust and filed an application to launch a foreign exchange and money brokerage in the country.

/Foreign exchange

The Currency Cloud raises £2m

The Currency Cloud, a UK-based start-up offering foreign exchange payments automation, has raised $2 million in funding from Notion Capital.

/Foreign exchange

Thomson Reuters to buy FXall

Thomson Reuters has agreed to acquire multi-bank electronic foreign exchange platform FX Alliance (FXall) for around $625 million in cash.

/Foreign exchange

TransferWise rounds up A-list investors as it bids to undercut banks in currency exchange

UK currency conversion start-up TransferWise, billed as a 'skype for currency exchange", has raised $1.3 million in seed funding from an A-list team of angel investors.

/Foreign exchange

FXall hires Nyse Euronext CIO Rubinow

Electronic foreign exchange platform FXall has hired former Nyse Euronext chief information officer Steve Rubinow to head up its technology operations.

/Foreign exchange

FX algo trading to take off - Greenwich Associates

With foreign exchange evolving into a mainly electronic marketplace, the industry is poised to see massive growth in the use of algorithmic trading strategies, according to research house Greenwich Associates.

/Foreign exchange

The Currency Cloud raises $4m

The Currency Cloud, a UK-based start-up offering foreign exchange payments automation, has raised $4 million in a series a funding round led by Atlas Venture.

/Foreign exchange

Icap shakes up electronic trading business

Interdealer broker Icap has restructured its electronic trading operations to separate the reporting lines for the FX and fixed income businesses in a move that has led to the departure of division chief David Rutter.