Foreign exchange trading portal Fxall said it has achieved record volumes in excess of US$9bn. The bank-owned platform has more than 400 clients signed to trade. ‘These figures have put us significantly ahead of our business plan,’ said Phil Weisberg, Chief Executive Officer of FXall. ‘Going into 2003, we will strive to perfect our fully automated system for foreign exchange trading, and make sure that it is easily accessible to all market participants.’ FXall recently added four new banks – Commonwealth Bank of Australia, Fortis Bank, SvenskaHandelsbanken, and WestLB – to its roster of providers. A total of 43 banks are now integrated to the FXall 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.