FXall announced that the following banks have expressed their intent to take ownership positions in FXall: The Bank of Tokyo-Mitsubishi, BNP Paribas, Dresdner Kleinwort Benson, Royal Bank of Canada, The Royal Bank of Scotland and Westpac Banking Corporation. These six firms join the initial FXall participants: Bank of America, Credit Suisse First Boston, Goldman Sachs, HSBC, J.P. Morgan, Morgan Stanley Dean Witter and UBS Warburg. FXall will offer 24-hour access to the global FX market. Through the use of leading-edge technology, FXall will create a platform where clients can easily access liquidity across a wide range of FX products. In addition, FXall will allow clients to achieve the full cost efficiencies of straight-through processing.
UK firms investment in training and development will increase, on average, by a fifth in the next year, claims Robert Half recruitment after interviewing 100 financial services (FS) executives.
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.