Reuters and ICor Brokerage have created a new 50/50 joint venture, ICor Brokerage Ltd, to develop electronic brokerage services for the global inter-bank foreign exchange options and interest rate derivatives markets. Reuters is initially contributing US$10 million in cash to the joint venture. It will also host the ICor broking system on its Dealing 3000 foreign exchange interbank trading system and license the use of the Reuters brand. The joint venture will also benefit from Reuters global technical and marketing support. ICor Brokerage is contributing all its existing business into the new venture. The new venture will initially focus on electronic broking services for foreign exchange options, with a planned global roll-out starting in Asia from January next year, extending to Europe and North America later in 2002. The new company also plans to expand to offer interest rate swap and interest rate options broking from the second half of 2002.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more