Lizzy Birmingham

OpenFin Raises $17 Million in Funding

OpenFin has raised $17 million in its Series C funding round, which was led by Wells Fargo. OpenFin is a financial operating system whose technology has been adopted by over 1,500 major banks across 60 countries. Interoperability serves as the base of the system’s technology, allowing them to share information, intent, and context with third […]

Arabadjis joins BNY Mellon in Newly Created Position

John Arabadjis has joined BNY Mellon as head of markets macro strategy product and analytics. In this newly-created position, Arabadjis is set to spearhead a wide-ranging overhaul of BNY Mellon’s macro strategy products and oversee the firm’s analytics team. Prior to this, Arabadjis spent 13 years at State Street, where he worked in collaboration with […]

Seed CX Launches Three Stablecoins

Seed CX has launched three stablecoins, PAX, USD Coin and TrueUSD, on its digital asset exchange. Through its subsidiaries, Seed CX offers a licensed, institutional exchange platform for trading digital assets, and plans to offer a market for Commodity Futures Trading Commission (CFTC)-regulated digital asset derivatives. The three stablecoins are set to begin trading against […]

Cobalt Reveals Pricing Model

Cobalt has published its core pricing and has committed to not increase prices in the future without client approval. Cobalt is set to charge $300,000 per annum for its core ledger license and its core credit license. The Cobalt unique transaction (CUT) identifier will be priced at two cents per trade or 0.5 cents per […]

ISAM Capital Markets Hires Two in Sydney

ISAM Capital Markets, through its subsidiary, IS Prime Australia, is expanding its APAC agency execution business with the hires of Angus Malone and Cal Portway in Sydney. Prior to joining IS Prime Australia, Malone and Portway were joint managing partners at VIA FX,  an independent Sydney-based voice and e-FX agency. Malone also has 15 years’ […]

Cleary to Leave Cboe FX

Sean Cleary is set to leave Cboe FX, where he was global head of sales. Profit & Loss understands that Cleary will be leaving his position at the end of May, and that Ben Leit, currently head of FX sales, Europe, will assume his role. A spokesperson at Cboe FX says: “We thank Sean for […]