Currenex, the eFX portal, said JPMorgan and Deutsche Bank have joined Currenex’s web-based service, FXtrades, with JPMorgan already executing trades. Both banks were founder members of Atriax, the multi-bank portal which closed earlier this month. David Puth, Managing Director, Global Head of FX of JPMorgan commented, ‘We are excited to be joining Currenex, one of the eFX market and technology leaders. Benefiting our customers, this move provides them with the depth and breadth of liquidity that they require and enables them to trade on the platform of their choice.’ Lori Mirek, CEO and President of Currenex, said, ‘The addition of Deutsche Bank and JPMorgan is great news for all of our existing and prospective members and is an exciting part of our growth story. With these two prestigious banks onboard, the company will accelerate its market momentum and continue to deliver market-leading innovations and efficiencies that benefit all banks, corporations, and funds.’
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.