Foreign exchange

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/Foreign exchange

Finastra acquires eFX trading supplier Olfa Soft

Finastra has acquired Geneva-based eFX supplier Olfa Soft to capitalise on an ongoing shift to automated machine-to-machine electronic trading in currency markets.

/Foreign exchange

Saxo Bank prime brokerage introduces full amount execution capability

Today, Saxo Bank announces a new capability in its FX Prime offering catering for institutional clients.

/Foreign exchange

TraderTools picks Abacus to host FX trading tech

Abacus Group, a leading provider of hosted IT solutions and application hosting for alternative investment firms and financial services software providers, today announced its newest software application hosting client, TraderTools.

/Foreign exchange

Fired Barclays trader testifies about use of FX algos

A London court has heard testimony from a fired Barclays FX trader about his use of the bank's FX algorithmic trading system in his bid to win his job back, reports Bloomberg.

/Foreign exchange

Travelex appoints chief innovation and transformation officer

Travelex, a leading global foreign exchange and money transfer specialist, announces that Gareth Williams, currently Global HR Director, is to take on the newly created role of Chief Innovation and Transformation Officer in addition to his current mandate.

/Foreign exchange

CLS bolsters senior team with new product and sales leadership

CLS, a market infrastructure delivering settlement, processing and data solutions, has strengthened its product development and sales teams with the appointments of Angus Scott as Head of Product and Lisa Danino-Lewis as Head of Sales EMEA.

/Foreign exchange

Bloomberg adds altcoin data to Terminal service

Bloomberg is to provide forex traders with pricing on alternative virtual currencies, including Ether, Ripple's XRP and litecoin, alongside bitcoin charts as speculative investors pile into crypto-markets.

/Foreign exchange

UK Chancellor announces formation of R5-SHCH Connect between Shanghai and London

The UK Chancellor of the Exchequer, Philip Hammond, has formally announced the formation of R5-SHCH Connect, a partnership between R5, the London FinTech leading the digital transformation of Emerging Markets Foreign Exchange trading, and the Shanghai Clearing House, the financial market infrastructure, established to clear and settle China’s financial products.

/Foreign exchange

ANZ reduces international money transfer fees for foreign currencies

ANZ today announced it was reducing international money transfer fees from Australia to foreign countries, effective immediately.

/Foreign exchange

Eze Software tackles currency risk with Wise Trading

Eze Software, a global leading provider of investment technology, has partnered with Wise Trading Technologies to enhance its currency offering.

/Foreign exchange

Pragma Securities calls for FX market to adopt universal definition of a ‘flash crash’

Pragma Securities (Pragma), a multi-asset quantitative trading technology provider, has published new research exploring the phenomenon of flash crashes in the foreign exchange (FX) market.

/Foreign exchange

Ascent connects with Afex FX layer

AFEX, one of the world's largest non-bank providers of global payment and risk management solutions, has partnered with Ascent Software, to enhance its award-winning straight-through processing pre-payment and post-payment software, Trident Connect.

/Foreign exchange

Moneycorp makes acquisitions in South America and UK

The Moneycorp Group has reached agreements to acquire fast-growing Brazilian foreign exchange business, Novo Mundo Corretora de Câmbio, and UK-based currency specialist, First Rate FX Ltd.

/Foreign exchange

Moneycorp chooses Datapipe to expand infrastructure globally

Datapipe, a leader in managed cloud services for the enterprise, has been chosen by Moneycorp, the independent foreign currency exchange broker, to expand the company’s IT infrastructure to its newly acquired international offices.

/Foreign exchange

Absa joins CLS as a new settlement member

CLS Group (CLS), a market infrastructure delivering settlement, processing and data solutions, today announced that Absa Bank Limited (Absa) has joined as a settlement member.

/Foreign exchange

Airwallex joins Railsbank platform

Airwallex, the Australian-based Tencent, Mastercard and Sequoia Capital backed cross border payments company, and Railsbank, the UK-based open-banking and regtech platform, today announced a strategic partnership enabling Airwallex customers to transact in and out of the UK & EU SEPA zones, and Railsbank customers to access the cross-border FX and payments capabilities of Airwallex.

/Foreign exchange

Barracuda FX releases cloud-based OMS

Barracuda FX, the specialist provider of FX Order Management technology, today announced the launch of OMSCloud, a revolutionary new product.

/Foreign exchange

TransferTo and Fern Software chosen for UN inclusion grant

TransferTo, a global Cross-Border Mobile Payments Network for emerging markets, and Fern Software, a leading provider of banking software for inclusive financial institutions worldwide, have together been awarded a grant as part of the United Nations Capital Development Fund (UNCDF) third window of the Shaping Inclusive Finance Transformations (SHIFT) Challenge Fund.

/Foreign exchange

Travelex teams up with Xpress Money for transfers

Xpress Money, one of the most dependable money transfer brands in the world, has announced a strategic partnership with Travelex, a leading global expert in foreign exchange and cross-border international payment solutions, to provide instant global money transfers in its physical stores.

/Foreign exchange

NEX Optimisation provides central clearing connectivity for FX risk mitigation service

NEX Optimisation, which helps clients reduce complexity and optimise resources across the transaction lifecycle, announces today that it has provided central clearing connectivity for its FX risk mitigation service in non-deliverable forwards.