Fintech OTCXN Rebrands to Bosonic

US-based OTCXN, a technology provider for cryptocurrency and digital asset markets, has officially re-branded as Bosonic. According to the firm, the new name is a play on the term “boson” in quantum physics – the force that serves as the glue that holds all matter together at the atomic level. Similarly, it says, “Bosonic is […]
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Grushka Joins Capitolis Board

Capitolis has unveiled the appointment of Rony Grushka to its board of directors. he will also serve as an advisor to the executive team on strategic initiatives. Grushka is perhaps best known for his role as a co-founder of Markit Group where he played a significant role in building it into one of the world’s […]
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Eventus Hires Four

Trade surveillance and risk management software provider Eventus Systems has announced the appointment of Perry Barth as chief financial officer (CFO), Dan Burton as vice president of engineering, Nolan Schiff as director of relationship management and Sharad Kumar as sales engineer. Barth and Burton will be based in Austin, Texas, reporting to Eventus CEO Travis Schwab. […]
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TransFICC Attracts Further Investment

Connectivity solutions provider TransFICC has closed a Series A investment round for £5.75 million. Led by AlbionVC, it included new strategic investments from ING Ventures and HSBC, who join existing shareholders, Citi, Illuminate Financial, Main Incubator (the R&D unit of Commerzbank Group) and The FinLab. The investment will be used to extend product and market […]
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The Challenges – and Solutions – for a Volatile Time

Sponsored Editorial with smartTrade Technologies’ CEO David Vincent 1) What are the key challenges facing liquidity providers in these highly volatile and illiquid markets? The Foreign Exchange market has experienced low volatility for quite some time, however since the COVID-19 pandemic arrival in Europe in mid-February, we have observed the return of high volatility. One […]
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Digital FX Awards 2020: Winners Announced

The winners of the 2020 Digital FX Awards were unveiled during a Zoom Happy Hour that followed Profit & Loss’ first ever Dial-in Day, which attracted over 500 attendees. For the seventh year in a row, UBS won Best Multi-Asset Class Platform for Neo, the bank also went home with four other Awards. Continuing what […]
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Latest Profit & Loss Issue Now Live

The latest issue of Profit & Loss magazine is now live, click here to access it. In this issue we review the single dealer platform industry and discuss the latest innovations and ideas therein, as well as present the 2020 Digital FX Awards in full. FX market conditions are also in the spotlight as we […]
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R3 Powers Italian Banks’ Blockchain Settlement System

Thirty-two banks in Italy have gone live with one of the first real-world deployments of enterprise blockchain technology in interbank financial markets. The Spunta Banca DLT app for interbank reconciliation has been built by the Italian Banking Association (ABI) on R3’s Corda Enterprise platform. “This heralds one of the most significant real-world digital transformations in […]
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State Street Unveils CLS Solution

State Street has announced that it is collaborating with CLS to provide asset managers with a consolidated view of CLS Settlement information across their accounts for the first time. The collaboration will combine TradeNeXus, State Street’s electronic post-trade processing service, with CLS’s post-trade monitoring and reporting tool, CLS Trade Monitor, allowing asset managers to efficiently manage […]
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UK Extends Ion, Broadway Deal Investigation

The UK’s Competition and Markets Authority (CMA) has extended its investigation into the purchase of Broadway Technology by Ion Group by four months due to the failure of Ion to meet a deadline for providing information and documents relating to the deal. The deal, which was announced in February 2020, did not disclose terms and […]
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