So it’s bon voyage to Reuters’ Patrick Graham who is moving to India after almost four years covering the FX market. We also extend a warm welcome Patrick’s colleague Saikat to London, as joins the London FX team from his previous role covering Asian financial markets.
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Entries by ChatsworthCommunications
Recent announcements from some of the largest banks show artificial intelligence (AI) working its way further into financial markets.
Cobalt, has closed an investment from Henry Ritchotte, the former Deutsche Bank COO who will also become a member of Cobalt’s strategic advisory board.
The European Central Bank (ECB) has become the latest central bank to endorse the Bank of International Settlements’ (BIS) FX Global Code.
The Bank of England (BoE) announced a framework to open up its interbank payment system to fintech firms. The UK interbank payments landscape is currently dominated by CHAPS, a same-day sterling settlement service used to transfer large amounts between businesses, as well as for property purchases. CHAPS’s central position in the market, processing 92% of […]
SWIFT has just added 22 new members to its Global Payments Innovation (GPI) project. Banks have, for some time, been looking at a way to monitor their intraday payments, global positions, and liquidity exposures more effectively. This is in line with rules set out by the Basel Committee on Banking Supervision (BCBS), which require banks […]
Leading industry trade publication FX Week has announced the winners of its prestigious e-FX Awards, which included two of Chatsworth’s foreign exchange clients. The awards recognise firms from across the foreign exchange industry for their excellence and innovation in the world’s most liquid financial market. Announcing the award winners, FX Week editor Eva Szalay said […]
Small businesses are the backbone of the UK economy, generating some 50% of private sector turnover and employing three out of five private sector workers. However, these businesses are held back by late payments from their large corporate clients. With 60% of SMEs paid late by corporates, businesses are left strapped for cash to meet […]
Chatsworth supports London Tech Week and the vision to create the world’s leading smart city.
Chatsworth is proud to have played our part in the promotion of the FX Global Code through our work with CLS and its CEO David Puth – Chairman of the BIS’s Market Participants Group and one of the principal authors of the code.
We are delighted to announce that Chatsworth client R3 has secured one of the largest ever Series A investments in the global fintech industry, raising USD 107 million from over 40 institutions across the globe.
Writing in the Harvard Business Review, Michael Daniel postulates that we have only just begun to comprehend the scale of the issue and that it is our perception of the online world versus the physical which is to blame.
This week sees the best of London’s design descend on our hood for Clerkenwell Design Week.
Curtis Pfeiffer, Chief Business Officer at Pragma Securities explains how corporates could stand to benefit from using algorithms for FX execution.
Twenty years ago this month, buoyed by a historic landslide victory in the 1997 general election, Chancellor of the Exchequer Gordon Brown made the surprise announcement: the Bank of England (BoE), affectionately referred to as The Old Lady, would become independent for the first time in its history.
Democratisation of financial services, greater consumer choice, lower costs and greater resilience of financial infrastructure are just some of the reasons why the Bank of England (BoE) is encouraging financial technology (fintech) development in the UK.
Regtech is booming, with USD 2.99 billion invested globally across over 400 private investment deals in the last five years. Yet despite its predominant position in almost all other areas of financial technology, the UK is still lagging behind the US when it comes to regtech investment.
Nichola Hunter, Chief Operating Officer at LiquidityEdge, explores new regulation coming down the track which will significantly impact broker-dealers in US Treasuries.
Central banks view the UK as a safer prospect for investing their currency reserves, despite the uncertainty created by the Brexit vote and Article 50.
While the EU referendum and a post-Brexit scenario may have been something of a blow to confidence in the City, it still has plenty going for it as a financial hub. This year’s Global Financial Centres Index, an international ranking of the world’s leading financial centres, placed London top of the pile.
“There is a tendency for market participants to believe that liquidity was better in the past.” Says David Puth, CEO of CLS. However, he continues, “liquidity appears to be very strong. It is, however, different, with liquidity widely dispersed over a number of different trading venues”. How is fragmentation affecting liquidity and how should liquidity metrics be changed to reflect the new normal?
Data analytics technology specialist Mosaic Smart Data has won the Best Use of Data and Analytics award at the annual FStech Awards, held in London on Thursday 23rd March. Regulatory changes and advances in technology are revolutionising fixed income, currencies and commodities (FICC) markets and driving the need for intelligent data analytics and reporting. MSX […]
As we near the final stages of the development of the foreign exchange (FX) Global Code, the ACI Financial Markets Association (ACIFMA) is leading efforts to support education and adherence. We will start by making commitment to the Code mandatory for ACIFMA members, and encourage members to prove their adherence in future. This could prove to be a turning point in reforming conduct and behaviour in foreign exchange, writes Brigid Taylor in FX Week.
Our thanks, love and gratitude to the people who work for and with us, to keep us safe. Our thoughts are with those who were hurt or who lost someone yesterday. Now we go back to work.
In our second post from the SxSW tech conference in Austin, Texas, Chatsworth looks at how technology can deliver trust.
In our first post from the SxSW tech conference in Austin, Texas, Chatsworth looks at the main tech themes from the event.
The decision by Pragma to set up a base in London shows how the UK’s capital remains the natural hub for algorithmic currency trading despite the UK’s looming exit from the European Union. While the debate about the future of London in a post-Brexit environment continues to rage on, there are many who continue to […]
Chatsworth salutes State Street for a beautiful, intelligent, witty artistic response to the woeful lack of meaningful female representation at board levels across Wall Street. The statue of the defiant girl facing off the charging bull is a beautiful piece of art, but also appropriate symbolism in a form which fits its place and the […]
Traders at across both buy and sell side are reporting that they plan to make more use of computer algorithms to trade FX in 2017 and are also setting their sights on traditionally less-traded currencies. This matters. Foreign exchange – or FX – is the world’s largest and most liquid market, with around USD 5 […]
The Bank of England releases FX trading data from the market for the six months to October last year. That covers a bouncy few months to say the least. This data set will cover the Brexit vote and the not-entirely-event-free run up to the US election so we’ll be interesting to see what happened with […]
R3’s David Rutter: we will make 2017 the year of blockchain delivery.
Richard Gendal Brown named top technology influencer
R3’s David Rutter chats with Jon Shieber about recent innovations in the blockchain technology space and their implications for the future.