Foreign exchange

212 articles tagged with this keyword

/Foreign exchange

HSBC uses DLT to settle $250bn of FX transactions

HSBC says its use of distributed ledger technology over the last year to settle more than three million foreign exchange transactions has proved a big hit.

/Foreign exchange

Revolut approved for Japan and Singapore push

Financial regulators in Japan and Singapore have given a green light to UK-based fintech Revolut and its bid to expand in Asia Pacific

/Foreign exchange

CLS rolls out DLT-based payment netting service

FX risk reduction utility CLS has gone live with CLSNet, a bilateral payment netting application running on distributed ledger technology from IBM

/Foreign exchange

Morgan Stanley pumps $15 million into Integral

Morgan Stanley has invested $15 million in foreign exchange technology outfit Integral.

/Foreign exchange

Nordics P27 initiative could drive common infrastructure for direct debits

E-invoicing and direct debits stand to be transformed as a result of the P27 initiative, as well as the promotion of healthy competition among banks for new products and services, according to panellists at Finextra's NextGen Banking Nordics annual conference in Stockholm

/Foreign exchange

Big banks join $32 million funding round in Axoni

Goldman Sachs and Nyca Partners have led a $32 million funding round in enterprise blockchain vendor Axoni.

/Foreign exchange

Live: Swift Latin American Regional Conference - day one

Welcome to Finextra's live coverage of the Swift Latin American Regional Conference 2018, in Miami. This event will focus on important issues affecting the financial industry in the region, and how the financial community can seize the opportunities that are emerging.

/Foreign exchange

CLS invests $5 million in R3; Paxos scores $65 million funding round

Blockchain consortium R3 has banked a $5 million investment from FX risk platform CLS.

/Foreign exchange

Commerzbank FX transaction has big implications for blockchain in post-trade

The deployment of blockchain technology to streamline foreign exchange post-trade confirmation and matching has moved a step closer with the replication of an FX forward trade conducted by Commerzbank on behalf of thyssenkrupp across R3 Corda.

/Foreign exchange

Hacked Japanese crypto exchange sold for $34m

Coincheck, a Japanese cryptocurrency exchange that made news in January when hackers stole $500m of customers' deposits, has been sold to Japanese retail broker Monex for $34m (3.6bn yen).

/Foreign exchange

CME and NEX agree £3.9 billion deal to create trading powerhouse

CME Group has reached agreement on a £3.9 billion take over of the UK's NEX Group, in a deal that promises to transform the world's currency and sovereign debt markets.

/Foreign exchange

Finastra acquires eFX trading supplier Olfa Soft

Finastra has acquired Geneva-based eFX supplier Olfa Soft to capitalise on an ongoing shift to automated machine-to-machine electronic trading in currency markets.

/Foreign exchange

Fired Barclays trader testifies about use of FX algos

A London court has heard testimony from a fired Barclays FX trader about his use of the bank's FX algorithmic trading system in his bid to win his job back, reports Bloomberg.

/Foreign exchange

Bloomberg adds altcoin data to Terminal service

Bloomberg is to provide forex traders with pricing on alternative virtual currencies, including Ether, Ripple's XRP and litecoin, alongside bitcoin charts as speculative investors pile into crypto-markets.

/Foreign exchange

TransferWise to sell new shares to cement unicorn status

The two founders of start-up foreign exchange service TransferWise are reported to be preparing a sale of some of their shares in a further round of fundraising that could see the company's valuation exceed £1.2 billion, consolidating its unicorn status.

/Foreign exchange

Former Deutsche COO takes stake in DLT venture Cobalt

Cobalt, the FX post-trade processing network based on shared ledger technology, has closed an investment from Henry Ritchotte, the former Deutsche Bank COO who will also become a member of the startup's strategic advisory board.

/Foreign exchange

Euronext moves into $5.1 trillion daily FX market with acquisition of FastMatch

Euronext is to acquire a 90% stake in spot FX trading network FastMatch for an initial cash consideration of $153 million.

/Foreign exchange

Cobalt attracts new launch partners to post-trade currency network

Citadel Securities and XTX Markets have signed up as launch partners for the live implementation of Cobalt's FX post-trade processing network, a DLT-based platform founded by currency trading veterans Andy Coyne and Adrian Patten.

/Foreign exchange

Tencent and Mastercard join $13m Airwallex funding round

Australian cross-border payments firm Airwallex has raised US$13 million in a Series A funding round led by Chinese Internet giant Tencent and joined by Mastercard.

/Foreign exchange

Singapore's MAS sets up data analytics group

The Monetary Authority of Singapore (MAS) continues its relentless march towards the digital future through the creation of a data analytics group.