The FX market currently looks like the ultimate mismatch. Front office processes have been transformed to accommodate the realities of electronic trading – operations and credit haven’t. This is acting as a drag on FX liquidity, as well as imposing an enormous cost burden: ~£20bn per year for the top global investment banks and buy-side […]
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Entries by ChatsworthCommunications
Commonwealth Bank of Australia (CBA), ABN Amro, London Forfaiting Company, Crown Agents Bank and Natixis have joined the Trade Finance Distribution Initiative (TFD Initiative). They join ANZ, Crédit Agricole CIB, Deutsche Bank, HSBC, ING, Lloyds Bank, Rabobank, Standard Bank, Standard Chartered Bank, and Sumitomo Mitsui Banking Corporation as members. The TFD Initiative is an industry-wide […]
Mosaic Smart Data (Mosaic), the real-time capital markets data analytics company, has appointed Oxford University Professor of Mathematical Finance, Rama Cont, as Scientific Advisor. Professor Cont’s role will be to help Mosaic Smart Data utilise the latest academic quantitative finance research in the development of its machine learning, artificial intelligence and data analytics capabilities. Professor […]
Fourteen leading global financial institutions have launched a drive to use technology and standardisation for the wider distribution of trade finance assets. ANZ, Crédit Agricole CIB, Deutsche Bank, HSBC, ING, Lloyds Bank, Rabobank, Standard Bank, Standard Chartered Bank, and Sumitomo Mitsui Banking Corporation are among the banks backing the Trade Finance Distribution Initiative (TFD Initiative). […]
Previse scooped up two awards in two cities yesterday as it won the ‘Best use of data and analytics in financial services’ award at the FStech Awards 2019 in London and the ‘Best small employer’ award at the Family Friendly Working Scotland (FFWS) Top Employers Awards 2019 in Glasgow. Previse was recognised by the FStech […]
Cobalt, the foreign exchange (FX) infrastructure based on shared ledger and high performance technology, has hired five experienced professionals to lead its drive to re-engineer the FX market. Post-trade FX is currently riddled with complex legacy systems and manual processes, creating unnecessary cost and risk across the market. The new hires bring a wealth of FX […]
UST trading venue, LiquidityEdge, experienced record trading volumes during February 2019.
Insurers are accelerating their deployment of the most innovative use cases of enterprise blockchain
London continues to solidify its role at the centre of the global FX markets
We’ve been covering Sibos for many years, helping our clients make an impact with their investment.
The winner of the Financial Market Infrastructure Services Award at the Central Banking Awards 2019.
The old saying that a picture is worth a thousand words is a vast underestimation.
The foreign exchange (FX) industry is now emerging from a difficult period of scandal. Following the resulting increased scrutiny, which culminated in the creation of the FX Global Code, the global USD5 trillion-a-day market finds itself at a crossroads. The Code’s efficacy is yet to be tested, but adoption continues and is strong. Why does […]
Happy Christmas – wishing you and yours the very best for 2019.
Volumes were down across all platforms with the exception of Fastmatch…
When it gets stormy, Chatsworth’s special situations service helps protect and enhance your reputation, ensuring we tell your side of the story and mitigating potentially negative news which could impact your reputation. Our team has decades of experience advising organisations and individuals with intelligence and discretion. Working with full confidentiality, Chatsworth delivers strategic and tactical […]
Trad-X, the market-leading platform for global interest rate derivatives, has been named OTC trading platform of the year at the Risk Awards 2019, which took place in London last night (November 27). The Risk Awards are the longest-running and most prestigious awards for firms and individuals involved in the global derivatives markets and in risk […]
Mosaic Smart Data (Mosaic), the real-time FICC data analytics company, has launched a new feature for its MSX platform enabling users to instantly generate text reports on their trading activity data using machine learning. The feature will be available to all MSX users and will allow a trading activity report, which would take a member […]
ACI – The Financial Markets Association (ACI FMA), has teamed up with the Interarab Cambist Association (ICA) to promote the FX Global Code amongst financial institutions in the Middle East and Africa. The ICA is a trade association representing professionals working at banks and financial institutions across the Middle East and Africa. Established in 1972, […]
Cobalt, the foreign exchange (FX) post-trade processing network based on shared infrastructure and high performance technology, has appointed FX specialist Anoushka Rayner as global head of sales and business development. Anoushka brings over 20 years of experience in the FX industry to Cobalt. She has held a number of high-profile roles, most recently as business […]
Away from the mania of last year’s ICO gold-rush, the appeal and benefits of raising capital by issuing debt and equity on a blockchain-enabled marketplace has struck a chord in the institutional financial services world. As momentum builds among some of the biggest names in finance, we will soon see properly regulated tokens, fit for […]
Once upon a time, I was sitting in Barclays head office on Lombard Street, writing a crystal ball briefing on the growth and threat posed by financial technology for the CEO. The briefing was printed out and faxed to him because I didn’t have an email account from which to send it. They hadn’t sorted […]
Play is about being inquisitive. It is about trial and error. It is how we learn and improve. A world without play is a world without growth. That is the insight at the heart of the FCA’s sandbox, and it is a fundamental reason the UK is at the heart of global fintech. Other regulators […]
As the summer lull comes to a close, it has become apparent that there was no ‘sleepy summer’ for spot FX traders this year. Data from ECNs that publicly report their volumes has revealed that trading activity was largely up across the board in August. NEX reported a 3% increase in spot FX trading activity […]
FX post-trade processing network Cobalt has appointed FX industry veteran Darren Coote as managing director.
The Corda development community continues to build awesome new CorDapps harnessing the best of Corda. Do check out the latest addition, Parnika Sharma’s (BCS Tech) property listing CorDapp which showcases the power of an RDBMS running on a distributed ledger. We’ll be adding this to the growing list of Corda samples soon. Meanwhile Corda 4 and Corda Enterprise 4 […]
BusinessCloud has revealed its list of the top 101 fintech disrupters in the UK, and it made for pleasant reading at Chatsworth Towers. The award recognises companies that are disrupting the industry through technology – whether they are heavyweight incumbents to start-ups. BusinessCloud also canvassed the opinion of industry experts before they settled on the […]
R3’s annual flagship conference kicks off this week in London, bringing together hundreds of developers, business leaders and blockchain engineers.
As ‘fintech’ joins 840 other words added to the dictionary. Chatsworth queries if it has finally come of age or is it waste of time.
R3 Recognised Best DLT Tech Provider at Central Banking Fintech Regtech Global Awards
Pragma Securities (Pragma), a multi-asset quantitative trading technology provider, has published new research showing that the Securities and Exchange Commission’s (SEC) Tick Size Pilot Program has had a negative impact on market quality and execution – costing investors more than $300 million since it was implemented.
The lack of transparency and rising cost of market data is a concern continually raised by participants across FX, equities, fixed income and derivatives markets.
Electronic US Treasuries (UST) trading venue LiquidityEdge today announced that Andy Bria has joined as Chief Operating Officer.