FXall, the electronic foreign exchange platform, has agreed to buy LavaFX from Citi. With LavaFX, FXall grows its institutional client base to nearly 1,000 of the world’s largest hedge funds, CTAs, banks, broker-dealers, corporate treasurers and asset managers. Tom San Pietro, chief executive of LavaFX, has joined FXall as head of active trading.
Jeff Feig, global head of G10 Foreign Exchange at Citi, said: “Citi believes a multi-bank platform is best owned by a multi-bank provider, making the sale of LavaFX to FXall the right strategy for its continued growth. Citi will continue to support LavaFX and contribute to its future success as a part of FXall.”
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