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Foreign exchange

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Company update/Foreign exchange

Fortex and Axiory forge mobile FX partnership

Fortex, Inc., one of the leading electronic communication network (ECN) trading platforms, and Axiory – a global operated brand with direct market access (DMA), brokerage & asset management services, have teamed up to drive FX industry transformation in a collaborative effort to make FX Trading available on- the-go from any device.

23 February 2016

Company update/Foreign exchange

Qubit raises $40m in series C round led by Goldman Sachs

Qubit, the pioneer in delivering data-first customer experiences, today announces a $40m Series C investment led by Goldman Sachs Merchant Banking Division, with participation from Sapphire Ventures, and previous investors Accel and Salesforce Ventures.

22 February 2016

Company update/Foreign exchange

EBS BrokerTec sees further growth in eFix Matching

EBS BrokerTec, ICAP's market-leading electronic foreign exchange (FX) and fixed income business, announces today that it has launched 12 new daily WMR fixes through the eFix Matching solution, with plans to provide electronic execution for all 24 hourly WMR fixes by the end of the first quarter 2016.

22 February 2016

Company update/Foreign exchange

Gain Capital to launch international money transfer business

Gain Capital Holdings, Inc. (NYSE: GCAP; "GAIN" or "the Company"), a global provider of online trading services, today announced plans to launch its new international money transfer business.

10 February 2016

Company update/Foreign exchange

MoneyGram and Walmart cement three-year agreement

MoneyGram (MGI) announced today the extension of their more than 17-year relationship with Walmart.

01 February 2016

Company update/Foreign exchange

HiFX launches in North America

U.K.-based HiFX, the fast-growing provider of online international payments and foreign exchange services, and a subsidiary of Euronet Worldwide, Inc. (Nasdaq:EEFT), announces its entry into North America.

27 January 2016

Company update/Foreign exchange

Velocimetrics hires Kevin Covington as management team advisor

Velocimetrics, a provider of real-time business flow performance monitoring and analysis solutions, is pleased to announce the appointment of industry specialist, Kevin Covington as an advisor to the company’s senior leadership team.

27 January 2016

Company update/Foreign exchange

ParFX begins trading in Hungarian forint

ParFX, the wholesale electronic trading platform, today expanded the number of currencies offered on its platform with the addition of the Hungarian forint (HUF).

27 January 2016

Company update/Foreign exchange

Samsung Securities becomes first non-bank to settle on CLS system in South Korea

CLS Group (CLS), a leading provider of risk mitigation and operational services for the global foreign exchange (FX) market, today announced the first non-bank financial institution (NBFI) to join the CLS system via third party access in South Korea.

26 January 2016

Company update/Foreign exchange

FXCM CFD pricing integrated into FlexTrade’s technology.

FXCM Inc. (NYSE:FXCM) (“FXCM” or “the Company”), a leading online provider of foreign exchange (FX) trading and related services, with FlexTrade Systems Inc., a global leader in high performance execution management and order management systems for equities, foreign exchange, options, futures and fixed income, today announced the integration of FXCM’s CFD pricing into FlexTrade’s technology.

25 January 2016

Company update/Foreign exchange

FXecosystem extends connectivity capability into bond market

FXecosystem is extending its FX expertise into the bond market.

25 January 2016

Company update/Foreign exchange

Fxkart.com teams up with Wall Street Finance

Fxkart.com, India’s largest online aggregator of RBI-licensed money changers, announced that it has tied up with Wall Street Finance Ltd, as a part of its ongoing initiative to provide haggle free and hassle free services pan-India to its customers for exchange of foreign currency.

21 January 2016

Company update/Foreign exchange

Flywire acquires ScholarFX

Flywire (formerly peerTransfer), a provider of cross-border payment solutions, today announced the acquisition of Toronto-based ScholarFX, a respected processor of tuition, room and board payments for international students attending universities and other educational institutions in Canada.

20 January 2016

Company update/Foreign exchange

World First signs media deal with The Australian

World First, the international money transfer expert, has today announced the launch of a new partnership with leading national media outlet The Australian as it continues its global expansion strategy.

20 January 2016

Company update/Foreign exchange

Banks battle to maintain dominance of UK’s business foreign exchange market

As businesses across the UK seek to minimise the risks of currency fluctuations, the business foreign exchange market shows strong growth as well as fierce competition, according to new research from market analysts East & Partners.

17 January 2016

Company update/Foreign exchange

Bank of China (Hong Kong) selects smartTrade for next generation e-FX infrastructure

SmartTrade Technologies, a global leader in multi asset, end-to-end trading solutions for Tier1, Tier2, regional Banks, Brokers and Asset Managers, has been selected by Bank of China (Hong Kong), a leading regional bank in Hong Kong, to deliver a cutting edge low latency e-FX platform.

12 January 2016

Company update/Foreign exchange

TriOptima launches triResolve Margin

TriOptima, an award-winning post trade infrastructure provider, announces the launch of its latest post trade service, triResolve Margin, a web-based, end-to-end margin processing solution delivered in collaboration with AcadiaSoft.

12 January 2016

Company update/Foreign exchange

Paul Blank, former Caplin exec, joins TradAir as VP marketing

TradAir, a leading provider of front office HTML5 trading optimization solutions, announces the appointment of Paul Blank as VP Marketing.

08 January 2016

Company update/Foreign exchange

TradAir expands in Asia

TradAir, a provider of FX front office HTML5 trading optimization solutions, announces ‘expansion in Asia with deployment of servers in Singapore, and opening of local office, to support growing list of clients in region’.

08 January 2016

Company update/Foreign exchange

Bank of America Merrill Lynch launches USD cross-border cash pooling in China

Bank of America Merrill Lynch Global Transaction Services (GTS) has today announced the launch of automated U.S. dollar cross-border cash pooling services for corporations operating in the Shanghai Free Trade Zone.

07 January 2016