The new product has three main functions. It enables a bank’s clients to place and review active orders, monitors market prices on behalf of the bank, and processes the resulting trades. This enables banks to fully automate the entire transaction and grow its order business instead of relying on time-consuming, manual order monitoring processes. Consequently, it reduces risks and costs associated with breaking order limits. Available as part of The Wall Street System® or as a stand-alone product, the Internet limit order module allows a bank’s or broker/dealer’s customer to enter, review and make enquiries about FX limit orders including complex order structures they have placed with the organisation via the Internet. The bank uses the module to monitor its internal rates, which are continually updated in an historical database. The module alerts the bank’s traders to changes in the rate, so the traders can execute the order for the client at the agreed price.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.