Bank of America has announced the release of its second-generation Internet-based dealing service, FX02, in Europe, the Middle East and Africa. The bank’s online FX dealing service was launched in the U.S. in 2000. Clients can collaborate with an FX advisor via the online chat facility, discuss trade ideas, evaluate hedging strategies, execute trades, view trade blotters and communicate settlement instructions. In addition, Bank of America recently announced the introduction of BAFX on the Bloomberg L.P. network. BAFX enables bank clients to initiate foreign currency spot, forward and swap transactions directly with its foreign exchange desk, 24 hours a day.
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.