Atriax will be an efficient, automated, open marketplace for foreign exchange products and related services. Atriax founding member banks represent over half of all foreign exchange dealing. Leading shareholder participants include Chase, Citibank and Deutsche Bank. Reuters will supply a news feed and Integral, the owners of CFOWeb.com, will provide software and integration technology. Launch date has not been announced.
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.