Cognotec’s Market Rate Manager application has been adopted by Standard Chartered to develop electronic trading in its emerging markets currency business. Cognotec already supports the bank’s foreign exchange e-commerce solution and provides connectivity to the FXall multi-bank portal. Market Rate Manager, which has gone live in London, New York, Hong Kong and Singapore, will enable the bank to formulate a single, reliable market rate to feed into its multiple dealing channels, according to Cognotec.
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.