In conjunction with RBS Structured Finance, RBS has transacted a €495m foreign exchange deal for Avecia using the RBS FiX electronic trading system, which generates foreign exchange benchmarks. It will provide Avecia with a transparent market benchmark price that is independently audited and published to the market. RBS FiX has a unique algorithm that gathers data using width, age, liquidity and, most importantly, the market volume to calculate a true market price at a specific fixing time.
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.