FX relationships are hard won, but the prizes for doing so have increased, according to a study of the institutional and corporate foreign exchange market by research and consultancy firm ClientKnowledge. The 390 European corporations – trading a total of some $300 billion per month – that took part in the study commented that the numbers of FX providers they use had decreased from 7.4 in 2001 to 6.7 in 2002. The survey also reported a 25% increase in the FX volumes European corporations transacted in 2002 compared with 2001. With corporations concentrating their FX transactions on a decreasing number of providers, the report warned that failure to be part of this group will be costly. ‘But there are substantial rewards for those providers that succeed in winning a key FX place,’ ClientKnowledge observed. The study involved interviews with 1559 corporate and institutional transactors of FX, globally.
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