Citibank and FXpress Corporation announce the launch of a real-time link connecting Citibank’s CitiFX Chief Dealer (TM) system with FXpress’ foreign exchange risk management system, ‘delivering true straight through processing (STP)’ to their mutual clients. FXpress (TM) Version 5.5 enables users to trade currencies electronically with the CitiFX (SM) platform directly from the FXpress interface. This new application creates a seamless process from identification of currency exposure through trade execution, settlement and FAS 133 functionality. Furthermore, the truly integrated process design minimizes any chance of operational risk by allowing FXpress clients to communicate directly with the CitiFX website. Avaya Inc. is the first CitiFX and FXpress client to utilize the fully integrated system.
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.