Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Broadridge acquires TwoFour Systems

Broadridge Financial Solutions, Inc. (NYSE: BR) has acquired TwoFour Systems LLC, a provider of real-time foreign exchange solutions for banks and broker-dealers, to address the rising demand for advanced FX and cash management technology among financial institutions.

05 January 2015

Company update/Foreign exchange

EBS signs for analytics-as-a-service from First Derivatives

First Derivatives (AIM: FDP.L, ESM: FDP.I), a leading provider of software and consulting services to the capital markets industry, today announces that its Delta Stream product has been selected by EBS, ICAP’s market leading electronic FX business, as part of a new Data Analytics as a Service initiative.

18 December 2014

Company update/Foreign exchange

LMAX Exchange gives access to low latency, non ‘last look’ trading

UK-based technology firm, LMAX Exchange, today announced the launch of a matching engine in the Equinix IBX Data Centre in Tokyo (TY3). This will give brokers, asset managers, funds and banks in Asia Pacific access to LMAX Exchange at execution speed of less than 4ms.

16 December 2014

Company update/Foreign exchange

Icap to combine EBS and BrokerTec businesses

ICAP plc (IAP.L), a leading markets operator and provider of post trade risk mitigation and information services, today announces that it will combine its electronic businesses EBS and BrokerTec.

05 December 2014

Company update/Foreign exchange

Integral launches FX Yield Manager

Integral Development Corp, a leading FX trading network, today announced the launch of FX Yield Manager™, the first FX risk management suite delivering all the functionality needed for FX banks and brokers to offer world-class market making services to their customers.

17 November 2014

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

Company update/Foreign exchange

FCA fines five banks £1.1 billion for FX failings and announces industry-wide remediation programme

The Financial Conduct Authority (FCA) has imposed fines totalling £1,114,918,000 ($1.7 billion) on five banks for failing to control business practices in their G10 spot foreign exchange (FX) trading operations: Citibank N.A. £225,575,000 ($358 million), HSBC Bank Plc £216,363,000 ($343 million), JPMorgan Chase Bank N.A. £222,166,000 ($352 million), The Royal Bank of Scotland Plc £217,000,000 ($344 million) and UBS AG £233,814,000 ($371 million) (‘the Banks’).

12 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

Company update/Foreign exchange

Moscow Exchange selects DataSpace as primary data centre and services provider

Moscow Exchange, Russia"s leading exchange platform for equities, bonds, derivatives, currencies, money market instruments and commodities, today announced that it has chosen Moscow-based DataSpace as its primary data center facility and services provider.

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

Company update/Foreign exchange

Berkeley Futures turns to FlexTrade for FX

FlexTrade Systems, Inc, a global leader in multi-asset execution and order management systems, today announced that Berkeley Futures Ltd has implemented MaxxTrader, it’s white label ASP front-end platform, to facilitate global FX trading.

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

Company update/Foreign exchange

Moneycorp appoints Kevin Grant as director of corporate international payments

Foreign exchange and international payments specialist, Moneycorp, has appointed Kevin Grant as the new Managing Director of Corporate International Payments.

15 October 2014

Company update/Foreign exchange

Colt launches FX Liquidity Access service

Colt today announces the availability of its FX Liquidity Access service, connecting market participants to the London, New York and Tokyo FX markets.

30 September 2014

Company update/Foreign exchange

EBS names Simon Winn head of sales, Asia Pacific

EBS, Icap's market-leading electronic FX business, announces today that Simon Winn has joined as Head of Sales Asia Pacific, based in Hong Kong.

13 August 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

News/Foreign exchange

Nous trading game app lets users bet on bitcoin price

Startup trading app outfit Nous has added bitcoin to the list of currencies players can bet on through its FX-forecasting game, Spark Profit.

14 February 2014