Atriax announced that its on-line trading platform for foreign exchange would cease to conduct operations in the normal course of business after 17 months of operation. After a thorough review of market conditions, and having explored various strategic options, including ultimately unsuccessful merger discussions with other entities, the firm said it was unable to identify any workable alternative that would secure its long-term survival. Atriax’s sponsors – Citibank, Deutsche Bank, JP Morgan Chase and Reuters, formed the company to facilitate the electronic trading of foreign exchange between banks and clients. The platform will be kept open for a short period of time so that Atriax’s clients can transition to other sources of liquidity, including bank proprietary systems and other e-marketplaces.
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