Merrill Lynch has installed Reuters automated FX dealing platform, Reuters Electronic Trading – Automated Dealing (RET-AD). Merrill is the first bank to go live with the automated dealing platform, following its acquisition of AVT Technologies. Under the agreement, Merrill is using Reuters dealing platform to provide its global customers with automated FX prices and trading capability. This will allow Merrill’s financial institutions, banks, corporate and retail brokerage network customers to conduct FX trades electronically whether they access Merrill through a multi-bank portal such as FXall or Currenex, or through Merrill’s single dealer institutional portal MLX. Merrill has also licensed the RET-AD trading technology, or application programme interface (API), which allows their retail brokerage network to conduct FX trades and interface electronically with their clients.
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.