Foreign exchange

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/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.

/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.

/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.

/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.

/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.