Tag: Bank of New York Mellon Corp (NYSE:BK)

August 24, 2016 BY Valentina Kirilova

Utility Settlement Coin concept on blockchain gathers pace

Bank of New York Mellon Corp (NYSE:BK), Deutsche Bank AG (USA) (NYSE:DB), ICAP plc (LON:IAP) and British bank Santander UK plc join UBS and Clearmatics to advance the Utility Settlement Coin concept, and plan tests in a real-market environment.  USC is a digital cash model aimed at facilitating payment and settlement for institutional financial markets.…

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June 14, 2016 BY LeapRate Staff

BNY Mellon pays (another) $30 million fine for mispricing FX transactions in its Standing Instruction service

After settling a series of lawsuits for $714 million regarding allegations that it overcharged pension funds and other clients for FX services, Bank of New York Mellon Corp (NYSE:BK) will pay an additional $30 million penalty after US regulator the Securities and Exchange Commission (SEC) found more than a decade of violations in its foreign exchange business. According…

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June 01, 2016 BY LeapRate Staff

FastMatch May FX trading volumes rise 5% to $11.4 billion ADV

Going against the trend we have seen so far for May, institutional electronic FX platform FastMatch has reported an up month with FX trading volumes hitting $11.4 billion daily in May, up 5% from April. Other results we have seen so far from Hotspot FX and Gain Capital's GTX division indicate a slowdown in institutional…

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January 31, 2016 BY LeapRate Staff

FastMatch FX trading volumes top $10 billion ADV for the first since 2014 in January 2016

Institutional electronic FX platform FastMatch, jointly owned by retail forex broker FXCM Inc (NYSE:FXCM) and commercial banks Credit Suisse and BNY Mellon, saw trading volumes on its electronic currency platform leap by 25% during January 2016 to hit $11.8 billion ADV during the month. January 2016 marked an important milestone for FastMatch. It was the first month…

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