Latest Foreign exchange News: Finextra Research

FXMarketSpace launches forex settlement service

FXMarketSpace, the centrally-cleared foreign exchange marketplace established by Reuters and the Chicago Mercantile Exchange (CME) has launched a settlement service.

31 March 2008

News/Foreign exchange

HSBC to introduce POS currency converter for China Olympics

Payments processors Global Payments and Planet Payment are teaming up to introduce a point-of-sale currency converter service for HSBC merchants in China that will enable foreign visitors to the Beijing Olympics to see how much purchases will cost in their own currencies.

25 March 2008

News/Foreign exchange

E-trading driving FX markets - CME Group

FX traders expect electronic trading growth to gain momentum faster than previously expected, says a global survey released by CME Group which predicts that on average, more than 80% of all cash business will be executed electronically in 2010.

19 March 2008

News/Foreign exchange

Reuters profit falls ahead of merger

Reuters has posted a 13% fall in full year pre-tax profit in its final set of results as a standalone company, but says indications for 2008 are encouraging despite the uncertain market environment.

06 March 2008

News/Foreign exchange

China Everbright installs Misys trading and compliance software

China Everbright Bank is rolling out trading and compliance software from British banking systems vendor Misys across its treasury and capital business.

26 February 2008

News/Foreign exchange

Citi releases white label remittance platform

Citi has released QuikRemit, a white-label remittance platform previously supplied by money transfer outfit PayQuik, which was acquired by the US bank in January.

07 February 2008

News/Foreign exchange

Advent Software reports Bear Stearns deal

US investment bank Bear Stearns is rolling out Advent Software's portfolio management and fund accounting platform Geneva across its prime brokerage operations.

06 February 2008

News/Foreign exchange

ICE completes technology overhaul

US market operator IntercontinentalExchange (ICE) says it has completed a two year upgrade of its technology infrastructure which included the transition of its futures markets to a state-of-the-art trading platform.

23 January 2008

News/Foreign exchange

Gain Capital raises $117m funding

Online foreign exchange trading outfit Gain Capital has raised $117 million in a funding round led by venture capitalist 3i and including existing investor VantagePoint Venture Partners.

22 January 2008

News/Foreign exchange

Algorithmics signs Bank of Ireland Global Markets to market risk technology

Bank of Ireland is rolling out market risk measurement and management technology from Toronto-based vendor Algorithmics at its global markets division.

12 December 2007

News/Foreign exchange

Cicada signs China Foreign Exchange Trade System

The China Foreign Exchange Trade System (CFETS), the interbank trading and foreign exchange division of the country's central bank, is implementing market data management technology from US-based Cicada.

11 December 2007

News/Foreign exchange

CLS Bank extends settlement service to non-deliverable forwards

CLS Bank International has extended the CLS settlement service to non-deliverable forward foreign exchange transactions.

07 December 2007

News/Foreign exchange

Icap connects EBS to Traiana Harmony for FX STP

Interdealer broker Icap has connected its electronic currency trading platform EBS to the Harmony FX post trade processing network it acquired through its buy out of Traiana.

05 December 2007