The Bank for International Settlements (BIS) has noticed a growing trend of large bank platforms over the past three years to send less foreign exchange volume into the network for processing. A new report cites low volatility as reason that large banks in the Interbank system are “internalizing” more of their customer client capital flows…
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It has been nearly two weeks since Google threw its hat into the competitive ring of large tech companies trying to leverage their respective customer bases by associating in some way with the payments industry. Financial institutions control the payment arena from the consumer through the merchant sector, but banks tend to be slow in…
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The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, has just announced that it has launched a beta version of its FRTB Real Price Observations Data Service. The service aims to enable the mapping of risk factors to a pool of global derivatives data to gain…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for October 15, 2019. The text below is an excerpt and does not contain the full analysis. Hi Everyone, The only real way to describe it, a total buzzkill. Just as Telegram was set to release…
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Poor Wells Fargo (NYSE:WFC). The third largest bank in the United States cannot seem to win for losing. On one day, it announces a major internal cryptocurrency and blockchain technology project, much in the same vein as did JPMorgan Chase months back, but on the next day, the crypto community, not short on memory, quickly…
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LeapRate Exclusive... Maryanne Morrow is the founder and CEO of 9th Gear Technologies - the only B2B institutional marketplace that enables same day Foreign Exchange (FX) transactions through on-demand payment liquidity. Maryanne brings more than 20 years as a corporate veteran in the financial, marketing and advertising industries to her role as founder and CEO…
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CLS, a market infrastructure group delivering settlement, processing and data solutions, has today launched CLSNow, a bilateral, same-day FX gross payment-versus-payment (PvP) settlement service. J.P. Morgan and Goldman Sachs are reported to be the first banks to go live on the service. CLSNow enables banks to exchange currency positions with mitigated settlement risk on a…
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LeapRate Exclusive... Global economic growth fell to its lowest level in three years and is now on its way to stability, but the recovery momentum is fragile and at high risk. International trade and investment were weaker than expected at the beginning of the year. Economic activity in the major developed economies, especially the euro…
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Commonwealth Bank of Australia (CBA), ABN Amro, London Forfaiting Company, Crown Agents Bank and Natixis have joined the Trade Finance Distribution Initiative (TFD Initiative) as members. The TFD Initiative is an industry-wide drive to use technology and standardisation for the wider distribution of trade finance assets. The project launched earlier this year, attracting number of…
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The 16th event of the financial business to business expo, iFX EXPO, will be held once again at the Palais des Sports Spyros Kypriannou, Limassol, Cyprus and will happen next week, on May 21-23. iFX EXPO is focused on the retail Fintech industry. The event's aim is to connect technology, blockchain and liquidity providers with…
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