Tag: foreign exchange

September 14, 2016 BY Valentina Kirilova

SimCorp to provide users with full foreign exchange netting capabilities via FX Connect

SimCorp, a provider of investment management solutions and services for the global financial services industry, has announced that it has enhanced its partnership with FX Connect to provide SimCorp Dimension users with full foreign exchange netting capabilities. SimCorp leverages FX Connect's cross-currency netting capabilities to enable its clients to seamlessly block, net and subsequently compress large,…

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June 08, 2016 BY Mike Fox

FairFX expands its services into South Africa

Fairfx Group PLC (LON: FFX) a London based low-cost multi-currency payments service, has extended its international payments service into the domestic South African market through a tripartite agreement with Morgan West Ltd and Mercantile Bank. Services providing foreign exchange into South African Rand (ZAR) to send into South Africa are widely available. Converting ZAR into…

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November 22, 2014 BY Mike Fox

ECB drops Citigroup from FX contact group

A source familiar with the matter said the ECB's decision seemed to be related to currency manipulation fines from last week. Citi was fined the most of the six banks involved, just outstripping the $1.012 billion levied on J.P. Morgan.

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October 16, 2014 BY Mike Fox

Advanced e-trading techniques available from ICAP Patent Brokerage

ICAP Patent Brokerage,  the world's largest intellectual property brokerage and patent auction firm, announced yesterday for sale patents disclosing computerized methods and systems for trading articles including stocks, foreign exchange, futures, cereals, and ores based on certain conditions predetermined by the user. This IP package is available from inventor Min-Ho Cha, as part of the Financial Auction…

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September 17, 2014 BY Mike Fox

Report: State Street tells it's head of Forex to stay out of the office

Amid a widening regulatory probe into currency trading, State Street has asked its foreign exchange trading chief to stay away from the office, Dow Jones reported, citing unnamed sources. Simon Pepper, the London-based head of FX spot trading, has been away from the U.K. office for the past two weeks, sources told the publication. A…

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