Day: 12 June 2019

And Another Thing…

Without innovation the world stagnates and this is as true in financial markets as anywhere else, however I sense that people are starting to feel a little overwhelmed by the continued fintech revolution – there are, some people suggest to me, just too many ideas out there at the moment and identifying the good ones […]

BME to Launch FX Futures

Bolsas y Mercados Españoles’ (BME) is set to launch FX futures contracts on its derivatives platform, MEFF. The new product, called FX Rolling Spot Future (xRolling FX), will be available for trading on June 21st. This launch comes at a time when BME claims it is working on several initiatives to increase its presence in […]

Swift Calls for Greater Industry Standardisation

Swift has issued a report arguing in favour of greater standardisation of messaging within the FX market, claiming that this will in turn cause greater automation and improve efficiency. In the report, Swift notes that the sheer volume of FX transactions that occur daily makes automation in this market challenging. “With millions of confirmation messages […]

Edgewater Launches Equity Offering for Crypto Spin-Off

Edgewater Markets has launched an equity offering for its new crypto-focused spin-off, Edgewater Digital Technologies (EDT). EDT plans to launch a digital asset trading platform – Crypto Prime Trader – later this year, and to help accelerate its development and launch, Edgewater is offering up to $25 million of preferred equity in a private placement. […]

MUFG Appoints Fennessy Head of Sales

Mitsubishi UFJ Financial Group (MUFG) has appointed Matt Fennessy as head of sales for Asia, based in Singapore. Fennessy joins MUFG after working at RBC Capital markets in a number of senior positions over three years, most recently as APAC head of FX sales. In these roles he was based in London and, more recently, […]

FlexTrade Expands Focus in France

FlexTrade has expanded staff levels at its Paris office. FlexTrade has appointed Rushani Caiola as fixed income account manager and three new technical analysts within the company’s implementation and client services support teams for fixed income and FX. The company attributes its new hires to an increased demand in sales and service for its growing […]