Citi Launches B2B Cross-Border Payments Platform

Citi has launched a new cross-border, business-to-business payments platform that aims to “digitise” the transaction process and includes FX capabilities. The platform, called Citi Global Collect, is a collaboration between the bank’s treasury and trade solutions (TTS) and FX businesses, and is designed to make it easier for multinational clients to collect funds from overseas […]
Read More »

Capitolis Secures $40m Investment

Capitolis has raised $40 million as it completes its Series B round of funding, which was led by Spark Capital and SVB Capital. Existing investors, Index Ventures, Sequoia Capital and S Capital also participated in the round, bringing the total capital raised to date to $70 million. Capitolis says that this latest funding will support […]
Read More »

FIA Delivers Execution Source Code to CME Globex

FIA and FIA Tech have announced the successful implementation of execution source codes at CME Group. Over the last several months, the three entities have worked with market participants to make what they term “the necessary adjustments” to trading systems to support a new industry standard, which will allow for greater automation and efficiencies in […]
Read More »

Virtu Adds Benchmarks for FX TCA

Virtu Financial is expanding its FX transaction cost analysis (TCA) offering with the addition of new high precision, low latency FX TCA benchmarks. The new FX benchmarks leverage Virtu’s technology platform and experience as a liquidity provider to the global FX markets to provide Virtu’s unbiased view of fair value at any point in time. […]
Read More »

Baton, JP Morgan Form Margin Payments Solution

Baton Systems, a provider of distributed ledger technology (DLT)–based post-trade solutions for capital markets, and JP Morgan have developed a solution that enables near real-time cash and collateral transfers to multiple clearing houses. The new service addresses the challenge of having to tie-up excess funds across the clearing workflow by integrating settlement instructions for custodians […]
Read More »

CLS Now Offering FX Forward Data

CLS is releasing an FX forward volume data set as part of its suite of executed trade data products. This data focuses on outright forwards and swaps, providing an aggregated view of the forward market and therefore confirming pricing models for forwards and swaps. This is CLS’s first data product for the FX forward market […]
Read More »

Citi Launches Calculation Tool for UMR Requirements

Citi has launched a new tool to help buy side firms cope with the Uncleared Margin Rules (UMR) that are due to come into effect over the next two years. Financial institutions such as asset managers, pension funds and insurance companies are scheduled to come into scope of the regulations based on volume thresholds that […]
Read More »

TradAir Hires Sears

TradAir has appointed Russell Sears as chief revenue officer. He joins the trading front end solution provider having most recently worked in the FX industry at State Street, where he had a 13 year career. Most recently, Sears was global head of Currenex sales – a role he left in March 2015, during his time […]
Read More »

Integral Teams Up with Jefferies for TrueFX Launch

Integral has partnered with Jefferies to launch a new liquidity network called TrueFX, which aims to leverage the former’s technology and the latter’s credit intermediation services to reduce trading costs for buy side firms, which includes retail brokers, macro hedge funds, prime of primes, and regional banks. Essentially, the aim of this initiative is to […]
Read More »

Veem Offers Locked FX Rates for Payments

Veem, a global payments network, has launched a new tool enabling businesses to mitigate FX rate volatility and risk by locking in the base currency value of a payment or invoice. In a release issued today, Veem claims that the new offering, called Locked Exchange Rates, is an industry first that will level the playing […]
Read More »
1 2 3 4 5 354 355 356 357 358