A new strategic alliance will connect SunGard’s corporate treasury customers to State Street Corporation’s electronic FX trading platform, FX Connect, via SunGard’s eTreasury eXchange (eTX). FX Connect was recently credited with a 70% market share in the multi-bank foreign exchange trading industry by Tower Group. Users of SunGard’s treasury systems will be able to initiate foreign exchange deal requests from within their treasury application, receiving bid and offer prices directly from the FX Connect platform. FX Connect is offered via State Street’s Global Link platform, delivering fact-based research, decision support tools, and trading technology for six asset classes to clients in 23 countries worldwide.
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.