The summer lull weighed on spot FX volumes in July with major trading platforms all recording decreases of over 8.5%.
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Entries by ChatsworthCommunications
In recent years, the FX market has been experiencing a period of turbulence. A series of scandals, following a string of misconduct issues, led to some market participants reassessing their existing relationships and trading processes.
The UK Financial Conduct Authority (FCA) announced the launch of the Global Financial Innovation Network (GFIN), a new alliance to encourage the growth of fintech globally. The GFIN is part of the FCA’s plans to formally create a “global sandbox”, an idea it first discussed in February. A sandbox allows companies to test new, innovative […]
The UK has received more investment in its fintech sector than any other country in the world, according to KPMG’s latest Venture Pulse Report.
So far this year, electronic trading platforms have seen strong performances in the spot FX market. June 2018 was no different with overall volumes across Thomson Reuters, FX SpotStream, Nex, Cboe FX and Fastmatch up 21% on June 2017.
Finance and technology are almost indivisible. Nowhere comes close to London in terms of dominance as a financial centre and, by extension, a fintech hub. Activity in the sector has really exploded in the last half decade. Inward investment to London has doubled since 2014 and it was the leading sector for investment in 2017. […]
The results of a new survey released by the Bank of England have revealed record-breaking FX turnover in the UK during April this year. The survey, compiled with the responses of 28 London-based institutions, shows that daily FX turnover during the month was a staggering $2,727bn – up 15% on October last year and 14% […]
To Westminster, where Chatsworth’s CEO Nick Murray-Leslie was the opening keynote speaker at this years’ London FinTech Week. The event brought together the best and brightest FinTech firms, individuals, developers, and entrepreneurs. FinTech is a truly global sector, with focussed hubs developing in both developed and emerging markets. Nick’s speech focused on London as a […]
This week Chatsworth worked with R3 in New York and London on the roll out the much-anticipated enterprise version of its Corda blockchain platform for businesses. Corda Enterprise has been specifically optimized by R3 and its ecosystem to meet the demands of modern day businesses, especially complex institutions. With the launch of Corda Enterprise, companies […]
DeepWell Liquidity Management, the global financial markets intermediary for the buy-side community, has added seven senior market professionals to its team across three continents as it eyes further growth and expansion into different asset classes. DeepWell launched in September 2017 and offers global coverage across a range of OTC and exchange-traded FX products, including spot, […]
Last week, Fintech City unveiled the sixth annual list of Europe’s top fintech50 companies. The list is selected by a panel of internationally renowned figures across finance and technology from a long-list of 1,800 companies. We were very proud to see Mosaic Smart Data and Previse added to the list this year for the first […]
On 25 May 2017, the FX Global Code of Conduct was launched to promote the integrity and effective functioning of the wholesale foreign exchange (FX) market. One year on, nearly 200 firms, ranging from central banks to algorithmic trading providers and ECNs, have signed statements of commitment to the Code. Despite the deadline for signing […]
How does a FX market participant show adherence to the FX Global Code? ACI Financial Markets Association (ACI FMA), the trade association which represents around 9,000 financial market professionals, is launching a new online version of the FX Global Code Certificate on 25 May 2018. The 60-minute online exam certifies that market participants throughout the […]
R3 took home the ‘Best Blockchain Initiative of the Year‘ award at last night’s Financial News Trading & Technology Awards at the V&A in London. The awards set out to celebrate the success stories of trading and technology firms operating in, and supporting, financial markets over the past year. And it’s fair to say that […]
Clerkenwell Design Week 2018 kicked off this week, showcasing the area’s creativity and innovation with a programme full of thought-provoking exhibitions and must-see installations. Thousands of people from around the country have descended on Clerkenwell to attend or take part in the world-class A&D festival. Chatsworth Communications is pleased to support the 9th edition of […]
Commerzbank successfully completed an end-to-end integration of SAP S/4HANA business processes and R3’s Corda blockchain platform. This is a significant milestone as it demonstrates that blockchain technology can be easily integrated with software from SAP, the third largest independent software provider in the world. By merging corporate SAP systems with distributed ledger technology, corporate clients […]
Cobalt, the FX post-trade processing network based on shared infrastructure and high performance technology, has secured a strategic investment from Singapore Exchange (SGX), which operates Asia’s largest, most diverse and fastest growing FX exchange. SGX’s investment will support the continued expansion of Cobalt’s footprint into the FX space, further accelerating technology development and build out of […]
To make sure there is always someone on the other end of a sell or buy order, exchanges need constant liquidity. A traditional exchange incentivises such liquidity by rebating those who provide bids and charging those who accept them. This has been the traditional pricing model of exchanges until inverted exchanges arrived. On an inverted […]
Over one-third of traders cite ‘best execution’ as their greatest daily trading issue according to a recent report by JP Morgan. The FX industry is looking to all aspects from, exchanges, market infrastructure providers and algorithmic trading to aid them in solving this problem. The report entitled ‘e-trading trends for 2018‘ surveyed over 400 institutional traders to […]
Despite fierce competition, the UK remains at the forefront of the fintech revolution according to the ‘Finance for Fintech’ report, launched recently by London Stock Exchange Group and TheCityUK. The independent survey, carried out by YouGov, interviewed over 400 fintech companies across eight countries, all of which have had at least Series A funding rounds […]
Fintech has barely even got started, if a new report from EY is to be believed. Less than 20% of banks believe they are doing enough as a business to invest in technology, according to EY’s Global Banking Outlook 2018 study.
The cross-border payments industry has seen a revolution in speed and transparency over the past decade or so. A generation of new companies are eyeing the role of incumbents and exploring new technologies such as blockchain to transform existing processes. However, examples of genuine innovation are beginning to emerge amongst both new providers and incumbents. […]
The rapid speeds of modern technology have created the expectation amongst consumers and businesses that payments need to be transferred instantaneously at the push of a button. Global infrastructure provider SWIFT made this a reality this week, with the launch of a real-time payments platform in Australia. The New Payments Platform’s (NPP) financial architecture has […]
China has been attempting to challenge the global hegemony of the dollar with its currency, the renminbi (RMB) for years. The SWIFT RMB Tracker presents a monthly ranking and weighting of the RMB against other currencies in order to track the rate of its internalization. The RMB Tracker shows that the currency accounted for 1.61% […]
Recognising the importance of ending the culture of late payment, two FTSE 100 chairmen have joined the advisory board of Previse, a UK based company which uses artificial intelligence to solve slow payments for the entire supply chain.
SWIFT and seven central securities depositories (CSDs) have signed a Memorandum of Understanding (MOU) to work together to demonstrate how distributed ledger technology could be implemented in post-trade scenarios, such as corporate actions processing, including voting and proxy-voting. The group will investigate the types of new products that can be built using it, and how […]
Technology and regulatory guidance and principles will shape the foreign exchange (FX) market’s structure in 2018, according to David Puth, CEO of CLS, in an exclusive interview with FX Week.
For now, the causes of flash crashes remain unclear. But Pragma’s research provides an important foundational step in moving the market towards a more full understanding of this market phenomena.
Data analytics and artificial intelligence are changing the face of investment banking. Banks understand that the insights locked away in their transaction and market data are potentially some of their biggest competitive advantages. They already have the raw materials, but MSX® gives them the tools to aggregate and standardise that data and put it to work intelligently.”
Thousands of delegates flew in from around the world to Sibos to network, debate and discuss topical issues relating to business, technology and finance.
CLS’s currency trading volumes saw a significant uptick, as volatility in the foreign exchange (FX) market bounced back in September.
Congratulations to the Mosaic Smart Data team which has been named in this year’s top five fintech companies in the City AM awards.
The Chatsworth team is proud to be supporting SWIFT at SIBOS, the world’s premier financial services conference, exhibition and networking event. What started out as a banking operations seminar in 1978, has grown into the premier business forum for the global financial community to debate and collaborate in the areas of payments, securities, cash management and […]