CLS Launches Same Day Settlement Service

CLS has unveiled CLSNow, a same day settlement service that was first mooted in September 2017. The bilateral, same-day FX gross payment-versus-payment (PvP) settlement service has been launched with JP Morgan and Goldman Sachs as the first banks to go live. The firm says CLSNow enables banks to exchange currency positions with mitigated settlement risk […]
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Bermuda Grants XBTO a Digital Asset License

XBTO, an active global crypto investor, has been granted a license by the Bermuda Monetary Authority under the Digital Asset Business Act. The license has been granted to XBTO International (XBTOI), which is owned by XBTO Group and is only the third firm to be granted this type of license in Bermuda. Present in Bermuda […]
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Broadway Celebrates 42% YoY Growth Period

Broadway Technology, which provides fixed income and FX front office solutions, today announced record results for 2018 and continued momentum in 2019. The company recorded a 42% year-over-year revenue increase in 2018, led by ongoing expansion into global fixed income and FX markets and the addition of cryptocurrency as a supported asset class. Following its […]
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LSE Bids $27 Billion for Refinitiv

The London Stock Exchange Group (LSEG) has confirmed that it is in “advanced discussions” to buy Refinitiv for around $27 billion, including around $12.2 billion in debt. These discussions are regarding Board membership, governance and other relationship agreement terms including lock-up provisions, which reflect a long-term partnership. In a statement LSEG says new LSEG shares […]
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Polish Brokerage Selects TradAir

Alior Brokerage House, the FX brokerage trading arm of Poland’s Alior Bank, has selected TradAir as a technology provider for currency trading. Grzegorz Femiak, trading platform expert at Alior Bank, says: “We were looking for an additional solution for our e-FX service which would provide an improved execution at a friendliest cost. With direct market […]
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WeMatch Adds Euro IRS

WeMatch, a web-based thus far focused on equity markets and OTC-cleared derivatives, has added euro interest rate swaps to its suite of products and says 10 banks are using the service. The dealer-to-dealer platform offers, the firm says, human traders tools and workflow to match and negotiate trades and now supports euro IRS curves, butterflies, […]
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IS Prime Adds Connectivity to Tech Provider

IS Prime, part of ISAM Capital Markets Group, has integrated its liquidity matching engine with Tools for Brokers’ infrastructure. Tools for Brokers is a technology provider that develops plug-ins and applications for MT4 and MT5. This new partnership means that Tools for Brokers’ clients wishing to take IS Prime’s liquidity can now do so with […]
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Standard Chartered Joins Digital Vega

Standard Chartered Bank has become a liquidity provider on Digital Vega’s FX options Medusa trading platform, bringing its unique global footprint of actively trading over 100 currencies and pricing an range of emerging markets and G10 currencies. “As more of our clients adopt electronic trading it is important that we serve them via their preferred […]
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TradAir Completes $11m Investment Round

TradAir has completed an $11 million Series D round, led by new investors GF Investments and the family office of Harvey Golub, former chairman and CEO of American Express. Existing investors, including Long Ridge Equity Partners and Viola Ventures, continued with their support and added to their investment in the round. Although it has not […]
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Caplin Adds Crypto to Trading Platform

Technology provider Caplin has announced the addition of cryptocurrencies to its range of technology components for multi-asset trading. Using its financial markets domain expertise and multi-asset User Experience (UX), Caplin has added a new asset class and further enhanced its platform in response to client requests for a professional and robust crypto trading experience. The […]
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