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

Terminal velocity: Base jumper carries out FX trade mid-air

In a publicity stunt for Danish online investment bank Saxo, a base jumper has carried out an FX trade using a mobile phone at terminal velocity.

20 February 2012

News/Foreign exchange

EBS test trade causes plunge in Swiss franc

A test trade that accidently sneaked into the live market on the EBS trading system was behind a mysterious plunge in the Swiss franc earlier this week, according to a Dow Jones news report.

20 January 2012

News/Foreign exchange

HFT is changing the ecology of the foreign exchange markets - BIS

High frequency trading is changing the ecology of the foreign exchange markets, with implications for its resilience in times of stress, a high-level central bankers' committee has concluded.

28 September 2011

News/Foreign exchange

Sibos Live: It's all about the Chinese renminbi

The gravitational pull generated by emerging Asian economies on global payments traffic has been starkly illustrated in Latin America, where China has come to prominence as the number one trading partner for major nations such as Brazil, Chile, Peru and Columbia, creating new challenges and opportunities for banks providing payments and FX services to corporate and institutional clients.

22 September 2011

News/Foreign exchange

MarkitServ to buy Logicscope

OTC derivatives processing services firm MarkitServ has agreed to buy UK post-trade software vendor Logicscope. Financial terms of the deal were not disclosed.

21 September 2011

News/Foreign exchange

Dab bank signs for Fis Kordoba core system

Munich-headquartered Dab bank has signed for the Kordoba Core24 banking system from US fintech vendor Fis.

16 September 2011

News/Foreign exchange

Swift and DTCC score big data management mandates

Financial messaging network Swift and the Depository Trust and Clearing Corporation (DTCC) have won two separate industry data management mandates, for the development of a Legal Entity Identifier (LEI) utility and electronic foreign exchange repository.

12 July 2011

News/Foreign exchange

Deutsche Börse moves into FX derivatives with Digital Vega stake

Deutsche Börse has acquired a minority stake in Digital Vega, a small London based company which provides electronic FX options trading technology to buy and sell-side firms.

06 July 2011

News/Foreign exchange

Currency players combine to manage 'flash crash' risks

The world's leading foreign exchange dealers and trading platforms are collaborating on an industry-wide initiative to reduce the risk of an algorithmic-led 'flash crash' hitting the global currency markets.

27 June 2011

News/Foreign exchange

'Electronification' of FX pushing up IT spending - Celent

Technology spending in the foreign exchange market is on the rise thanks to the growth of algorithmic trading and 'electronification' of the business, according to a report from Celent.

05 May 2011

News/Foreign exchange

Ion Trading agrees WallStreet acquisition

Ion Trading has signed a definitive agreement to acquire Wall Street Systems. No financial details have been disclosed.

21 April 2011

News/Foreign exchange

Thomson Reuters currency trading hit by outages

Thomson Reuters' currency trading platform was hit by intermittent outages yesterday morning.

10 March 2011

News/Foreign exchange

Banks delay FX dealing platform - Dow Jones

The world's biggest bank players in currency trading have delayed plans to launch their own dealing system until regulatory uncertainty is settled, according to Dow Jones.

04 March 2011

News/Foreign exchange

Top banks to sound out tech vendors on new FX dealing platform - WSJ

The world's biggest bank players in currency trading are preparing to sound out technology vendors about building them a new bank-only dealing system, according to the Wall Street Journal.

09 December 2010

News/Foreign exchange

MiiCard wins out as start-ups vie for VC attention in Sibos' Dragon's Den

Twelve technology start-ups are competing for venture capitalists' blessing at a session on the final day of Sibos, the annual event run by financial messaging body Swift.

28 October 2010

News/Foreign exchange

Betfair-backed retail trading platform LMAX launches

LMAX, a Betfair-backed online trading platform for retail contracts for difference (CFD) and foreign exchange investors, has launched.

25 October 2010

News/Foreign exchange

Broadridge buys City Networks

Broadridge Financial Solutions has acquired City Networks, a long-standing UK-based provider of reconciliation, multi-asset process automation and operational risk management software and services to the finance industry. Financial terms were not disclosed.

21 June 2010

News/Foreign exchange

Forex dealers form regulatory lobby group

Major foreign exchange dealers have established a new representative body to lobby lawmakers over regulatory changes that may impact the industry.

03 June 2010

News/Foreign exchange

Online platforms displace telephone as primary FX trading channel

Electronic trading in foreign exchange continued to gain ground in a contracting market last year, overtaking the telephone as the primary channel for customer dealing, according to research by Greenwich Associates.

11 May 2010

News/Foreign exchange

CME sues Canadian FX broker over trademark infringement

The CME is suing a Canadian foreign exchange broker, accusing it of trademark infringement and cybersquatting relating to the Globex name, according to Crain's Chicago Business.

16 April 2010