Latest Foreign exchange News: Finextra Research

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

News/Foreign exchange

Citi and JPMorgan join ParFX as founder banks

ParFX, the spot forex electronic trading platform set up by Tradition last year, has added Citi and JP Morgan to its founder bank community.

13 February 2014

News/Foreign exchange

P2P FX platform Kantox raises EUR6.5m

Kantox, a London-based peer-to-peer foreign exchange trading platform for SMEs and mid-caps, has raised EUR6.5 million in a series a funding round.

10 February 2014

News/Foreign exchange

Europe reaches agreement on MiFID reforms

A comprehensive rewrite of rules governing trading in financial markets has been agreed by the European Parliament and the bloc's Council of Ministers.

15 January 2014

News/Foreign exchange

Deutsche Bank bans chat rooms as Europe takes banks to task over rate rigging

On the day it was fined EUR725 million by the EU for rate rigging, Deutsche Bank has confirmed that it has banned traders from using chat rooms, which have proved a fruitful hunting ground for regulators sniffing out market manipulation.

04 December 2013

News/Foreign exchange

CLS raises £160 million to meet new capital demands

FX risk reduction utility CLS Group has raised £160 million from its banking shareholders to meet new capital standards for systemically important market infrastructures and to invest in new technology.

02 December 2013

News/Foreign exchange

Citi translates electronic FX trading activity into charity dollars

Citi's latest philanthropic effort will see the bank hand over money to education-related non-profits based on foreign exchange trading volumes on its Velocity electronic platform.

01 October 2013

News/Foreign exchange

Singapore turns to Thomson Reuters for currency benchmark calculations

Singapore is to use actual transactional data from Thomson Reuters to calculate benchmark currency rates in the wake of a rate-rigging scandal involving up to 133 traders from 20 banks on the island state.

18 June 2013

News/Foreign exchange

Live blog: Swift Business Forum - London 2013

Returning for its third year, the Swift Business Forum London brings together over 700 financial services professionals to explore the key challenges and opportunities facing our industry today. Finextra is liveblogging events here.

30 April 2013

News/Foreign exchange