Foreign exchange

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/Foreign exchange

Tencent's WeBank in $1 billion fund drive; WeChat inks money transfer deal with Western Union

WeBank, the online banking arm of Chinese e-commerce outfit Tencent, is speaking to private equity investors about a $1 billion fund raising effort to spearhead a high street banking push, according to the Wall Street Journal.

/Foreign exchange

Raphaels Bank to provide Sepa-compliant payment processing

Demonstrating its growing reputation for delivering innovative payment solutions, Raphaels Bank can now offer European transfers through the Bank’s indirect membership of The Single Euro Payments Area (SEPA).

/Foreign exchange

CLS adds Hungarian forint to settlement system

CLS Group (CLS), a leading provider of risk mitigation and operational services for the global foreign exchange (FX) market, has started settling payment instructions in the Hungarian forint (HUF) on behalf of its settlement members, bringing to 18 the total number of currencies eligible for settlement through CLS.

/Foreign exchange

Tim Cartledge to join EBS BrokerTec as chief strategy officer

EBS BrokerTec, ICAP's market-leading electronic foreign exchange (FX) and fixed income business, announces today that Tim Cartledge has been appointed Chief Strategy Officer, effective immediately.

/Foreign exchange

FirstRand joins CLS as new settlement member

CLS Group (CLS), a leading provider of risk management and operational services for the global foreign exchange (FX) market, and FirstRand, one of South Africa’s largest financial institutions, today announced that FirstRand joined CLS as a settlement member.

/Foreign exchange

Thomson Reuters brings FX transaction venues onto single desktop

Thomson Reuters has put all of its foreign exchange transaction venues onto one platform in a move it says creates a single point of access to the largest collective independent pool of FX liquidity.

/Foreign exchange

FCM360 hardens security against wave of DDoS attacks

In the wake of relentless DDoS attacks on foreign exchange (forex) service providers and their networks, FCM360 has fortified its network security to block the current wave of these distributed denial of service attacks.

/Foreign exchange

Afex partners with Centtrip to launch currency prepaid MasterCard

Afex, one of the world’s largest non-bank providers of global payment and risk management solutions, has partnered with multi award winning prepaid card and e-money business Centtrip, to launch its Afex CurrencyPass Prepaid MasterCard and e-money account.

/Foreign exchange

SmartTrade enhances its FX platform with margin credit extension

smartTrade Technologies announces the addition of a margin credit functionality to its end-to-end low latency FX trading platform, LiquidityFX.

/Foreign exchange

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.

/Foreign exchange

CLS and TriOptima launch compression service for FX forwards and swaps

CLS Group (CLS), a leading provider of risk mitigation and operational services for the global foreign exchange (FX) financial market infrastructure, and TriOptima, a leading provider of OTC derivatives post-trade and risk reduction services, announce today that they have launched the triReduce CLS Forward FX Compression Service completing the first successful compression cycle for FX forwards and swaps transactions.

/Foreign exchange

Fxkart launches India's first FX booking app

Fxkart.com, the online aggregator of Foreign Exchange Dealers, today formally announced the launch of India’s first forex booking mobile app for exchange of foreign currency, loaded with all new unique features.

/Foreign exchange

FXCM rolls out new trading index backend tech

FXCM Inc. (NYSE:FXCM), a leading online provider of foreign exchange (FX) trading and related services, today announced that is has upgraded its Index CFD and Spread Bet market making technology which enhances its index trading offering.

/Foreign exchange

Velocimetrics brings together real-time FX market data quality assessment and transaction tracking

Velocimetrics, the provider of real-time business flow performance monitoring and analysis solutions, today announces the ability to assess the live performance of price information sent between FX brokers and trading partners via FIX and other protocols.

/Foreign exchange

GDMFX takes Fortex web trading tool

Fortex, Inc., one of the leading electronic communication network (ECN) trading platforms and Global Derivative Capital Markets NZ Limited (GDMFX), a New Zealand registered international broker-dealer, announced today that they have formed a technology partnership that will make Fortex’s MT4 Web Trader solution available to GDMFX's worldwide clientele.

/Foreign exchange

Spotex FX ECN deploys Azul Zing

Azul Systems (Azul), the award-winning leader in Java runtime solutions, today announced that Spotex, an innovative Foreign Exchange (FX) Electronic Communication Network (ECN) focused on improving FX trading for both buy and sell-side participants, has deployed Zing® within its trading infrastructure.

/Foreign exchange

Deutsche Börse completes 360T acquisition

Today Deutsche Börse completed the acquisition of 360T, following the approval of relevant antitrust authorities and the German Federal Financial Supervisory Authority (BaFin).

/Foreign exchange

Oracle commits to open banking and payments standards through BIAN & IFX Forum memberships

Oracle today announced its membership of standards organizations IFX Forum and BIAN. Oracle has been a leader in the creation and support of open standards to enable systems and technology to work together, providing both efficiency and choice to our customers.

/Foreign exchange

Deutsche Bank to launch Corax FX indices

Deutsche Bank’s Research unit announced yesterday that it is launching a new set of proprietary foreign exchange (FX) positioning indices called CORAX (Categorised ORderflow from Autobahn FX).

/Foreign exchange

Vikram Pandit invests in TransferWise

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