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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FMSB Paper Looks at Algo Model Risk

The FICC Markets Standards Board (FMSB) has published the first in a series of papers called Spotlight Reviews, which looks at emerging themes and challenges  in algorithmic trading and machine learning. The series will consider issues of FICC market structure and the impact of regulatory and technological change on the fairness and effectiveness of wholesale […]
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TradAir Launches TA1 for Aggregated FX Liquidity

TradAir, a trading technology company that provides trading, analysis, decision-making and workflow solutions, is live with a new service, TA1, to facilitate trading and liquidity in foreign exchange. TA1 will allow customers – both traditional and anonymous liquidity providers – to trade spot FX for an extensive range of spot currency pairs, using TradAir’s anonymous […]
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SEB to Provide Liquidity on BidFX

SEB has joined TradingScreen’s execution management system (EMS) BidFX as a liquidity provider. “The increased interest in our EMS from Nordic financial institutions means greater demand for specialised, local liquidity,” says BIDFX head of Nordic Sales, Peter Bondesen. “Many of our global clients have also requested SEB as a counterparty to provide bespoke liquidity both […]
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