Articles See All

05 June 2020 — Deputy Editor

Cloud9 Technologies, the cloud-based voice communication and analytics platform provider, has completed a $17.5 million Series B funding round. Led by a strategic investment from UBS, participation included existing investors J.P. Morgan and Barclays.

As demand for flexible office and remote working tools increases due to COVID-19, Cloud9 has seen new business increase by over 50% since March, as it onboarded several of the world’s top global banks and investment management firms. The growing client demand reflects an increasing need for access to a virtual trading floor.

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2 MINS
Technology
04 June 2020 — Bill Hodgson

Andrew Hauser, Executive Director for Markets at the Bank of England gave a speech giving deep insights into the behaviour of the global markets during the early part of this year. The full transcript with charts is available to download. 

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3 MINS
Regulation
04 June 2020 — Deputy Editor

Supporting the ongoing shift in the FX markets to trade more volume in FX Swaps electronically, Refinitiv has launched the Forwards Matching API solution, enabling automated access to its Forwards Matching MTF venue. Based on the Spot Matching API already used by many FX participants, the Forwards Matching API will further support trading efficiencies.

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2 MINS
FX
03 June 2020 — Bill Hodgson

DTCC is dipping its toes into future technology waters to keep ahead of new opportunities.  Two projects have been named and launched to cover clearing and settlment in one, and private securities in another.


Project Ion (Clearing and Settlement)

This project aims to explore the possibility of a radical new settlement approach to reduce cost, risk and time. A Proof of Concept platform has been built which is being evaluated by the industry.

DTCC explains: 

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3 MINS
Technology
03 June 2020 — Deputy Editor

Appway has received a $37 million minority investment from global growth equity firm Summit Partners. This is Appway's first external capital raise and will help the company to further expand its product portfolio and accelerate international growth.

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2 MINS
Technology

Announcements See All

27 April 2020

CFH, the prime of prime broker, has joined the Gold-i Matrix NETwork, extending its liquidity coverage to include Hedge Funds and Asset Managers.

Through Matrix NET, CFH can offer a direct connection to a Fund Manager via FIX API, providing trading transparency, P&L visibility, and reporting.

23 April 2020

Banco Monex has become the first Latin American third-party service provider of CLS’s payment-versus-payment (PvP) FX settlement service, CLSSettlement.

Banco Monex has been a CLSSettlement member since 2018 and now is enabling its clients to participate as third parties, helping them to mitigate settlement risk while significantly enhancing liquidity efficiencies for the Mexican market.

16 April 2020

SEB is the latest liquidity provider to join EMS platform BidFX.

BidFX head of Nordic Sales, Peter Bondesen, commented, "The increased interest in our advanced EMS from Nordic financial institutions means greater demand for specialised, local liquidity. Many of our global clients have also requested SEB as a counterparty to provide bespoke liquidity both through streaming rates and RFQ"