November saw FXall trade more than $22bn in a single day of trading. The total volume traded in November totalled $271bn and average daily volume was $13.6bn. KBC and Lloyds TSB have joined FXall as liquidity providers – bringing the total number of banks integrated to the platform up to 46. The rise in volumes was driven by increased trading from institutional customers, especially asset managers, said FXall. Institutional customers now account for approximately 55 per cent of total volumes, up from 40 per cent earlier this year. Following the rapid rise in take-up and volumes in 2003, the board of FXall has approved investment in system enhancements in excess of $5 million. FXall will also grow its headcount by 15 per cent in 2004. The investment allows FXall to further expand capacity while adding to an already robust continuity of business plan.
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