Instinet , the global electronic agency securities broker, and CitiFX, a market leader in foreign exchange, have formed an alliance to operate The Instinet FX Cross, a new foreign exchange crossing service. The Instinet FX Cross is a currency-crossing product that ‘will support the execution of large currency transactions anonymously at a transparent market price’. The Instinet FX Cross is expected to be operational in the fourth quarter of 2002. Initially it will be available to North American clients with a European rollout planned to follow soon after. The Instinet FX Cross will be targeted at customers executing large transactions where market impact can be costly and anonymity is valuable. The CitiFX Benchmark will provide the exchange rates at which all trades by CitiFX will be executed. Instinet, through Instinet Global Holdings, Inc., acting as an agent for CitiFX, will manage all order taking and matching functions.
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