Latest Foreign exchange News: Finextra Research

Deutsche Börse in Chinese exchange tie-ups

Frankfurt has taken the upper hand in its battle with London to connect to China's capital markets following the announcement of two joint ventures that will link the respective exchanges of Germany and China.

29 October 2015

News/Foreign exchange

Vikram Pandit invests in TransferWise

Former Citigroup chief executive Vikram Pandit has invested in London-based money transfer startup TransferWise.

06 October 2015

News/Foreign exchange

FXCM hit by cybersecurity breach

Online foreign exchange trading firm FXCM says it has been the victim of a hacking attack that exposed access to sensitive customer information and led to unauthorised transfers from "a small number" of client accounts.

01 October 2015

News/Foreign exchange

Markit agrees DealHub acquisition

Financial data outfit Markit has agreed to buy DealHub, a provider of trade processing and trading services to the foreign exchange market. Financial terms were not disclosed.

24 August 2015

News/Foreign exchange

Deutsche Bourse makes move on currency markets with 360T acquisition

Deutsche Bourse is wading into the $5.3 trillion a day currency markets with a EUR725 million acquisition of multi-bank FX trading platform 360T.

27 July 2015

News/Foreign exchange

TransferWise breaks £500 million per month milestone

London-based money transfer startup TransferWise says it is now processing £500 million a month on its platform, saving customers some £22 million in fees compared to equivalent bank rates.

08 June 2015

News/Foreign exchange

B2B FX platform Kantox raises $11 million

London-based business-to-business currency exchange Kantox has raised $11 million in Series B funding.

27 May 2015

News/Foreign exchange

Swedish startup preps institutional digital currency marketplace and clearing house

A startup with $10 million in funding behind it has applied to Sweden's financial watchdog to become a regulated institutional foreign exchange and digital currency marketplace and clearing house.

07 May 2015

News/Foreign exchange

Bats moves into foreign exchange with Hotspot FX acquisition

Bats Global Market has acquired institutional spot foreign exchange market Hotspot FX from KCG Holdings in a cash transaction valued at $365 million.

28 January 2015

News/Foreign exchange

Travelex plans digital recruitment drive; sets up $25 million seed fund

Foreign exchange provider Travelex has amassed a £25 million digital growth fund to make strategic seed investments and technology acquisitions in the retail and fintech sectors.

13 November 2014

News/Foreign exchange

TransferWise sniffs $1 billion valuation as Sequoia Capital plots $50m investment

Peer-to-peer currency startup TransferWise is in advanced discussion to raise $50 million from Sequoia Capital in a deal that would value the London-based company at close to $1 billion.

11 November 2014

News/Foreign exchange

EU regulators ask for FX traders' Facebook chats - Bloomberg

European Union antitrust regulators have asked banks to hand over the Facebook messages of foreign exchange traders, according to Bloomberg.

27 October 2014

News/Foreign exchange

Coinfloor to expand trading to wider range of currencies

London-based bitcoin exchange Coinfloor is to open up to new currencies, accepting deposits in US dollars, euros and Polish zloty, this Tuesday. Coinfloor is already the the biggest exchange for bitcoin-to-sterling transactions by volume of currency traded.

20 October 2014

News/Foreign exchange

CLS hires Zschach as chief information officer

FX risk reduction utility CLS has hired Tom Zschach as its new chief information officer, taking over the reins from former incumbent Sankar Aiyar, who unexpectedly quit the unit in March, midway through a major IT upgrade.

31 July 2014

News/Foreign exchange

CME Group to buy Trayport and Fenics from GFI Group

Exchange operator CME Group has agreed a deal to buy the Trayport and Fenics trading technology units from GFI Group in a deal worth around $655 million.

30 July 2014

News/Foreign exchange

FSB moots creation of global utility for fixing FX benchmarks

The Financial Stability Board is canvassing views on the potential to develop a global order matching utility for fixing foreign exchange trades in an effort to clamp down on banks trading ahead of the daily benchmark rates.

15 July 2014

News/Foreign exchange

Thomson Reuters bids to ward off FX predators with new spot matching rules

Thomson Reuters is proposing changes to spot matching rules on its FX trading platform in an effort to ward off 'phantom pricing' tactics deployed by high-speed trading firms.

25 March 2014