The China Foreign Exchange Trade System (CFETS) and Reuters have signed an agreement for the provision of a global foreign exchange trading system for CFETS and its member banks. CFETS is a subsidiary of the Peoples’ Bank of China (PBC). CFETS, the operator of China’s interbank FX trading system, has selected Reuters technology to provide a real-time internet-based FX platform for its member banks. As part of the agreement, CFETS will deploy Reuters Electronic Trading for Automated Dealing (RET-AD) at its centre in Shanghai. Currently, CFETS has more than 300 member banks. The liquidity of the system will be provided by market makers of leading global financial institutions, including ABN AMRO, HSBC, Bank of Montreal, Bank of China, CITIC Industrial Bank, ING, Royal Bank of Scotland, Deutsche and Citibank.
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