DMALINK, a leading data-driven Electronic Communication Network (ECN) specializing in institutional foreign exchange (FX) trading, and Ibanera, a distinguished global financial infrastructure provider, have announced a strategic partnership to tackle the unique financial challenges faced by technology companies. This collaboration combines DMALINK’s renowned FX trading capabilities with Ibanera’s robust cross-border payment solutions. The joint offering is tailored to meet the needs of tech firms, providing them with a comprehensive financial toolkit to navigate the international market effect ..read more

Risk management is an essential part of navigating the financial markets, serving as a means to maximize profitability and optimize trading volume. Designed with dealing desks, risk managers and CEOs in mind, iSAM Securities RADAR is capable of aggregating data across multiple servers and platforms for oversight across the entire brokerage down to detailed information about individual client accounts. The platform offers a comprehensive suite of features tailored to enhance users’ decision-making and streamline risk management processes, including: Trade pattern alerting Fully customisable ale ..read more

ALT21 has announced that its flagship solution for banks, BankHedgeTM, is now integrated with the Temenos banking platform and available for banks globally on the Temenos Exchange ecosystem of partner solutions. BankHedge will enable Temenos banking clients to fully automate their entire FX hedging process including the automation of settlements, to create seamless multi-currency management experiences, embedded when and where SMEs need it, via a simple self-service interface that’s accessible 24/7. Pritesh Ruparel, CEO at ALT21, said: “At ALT21, we’re on a mission to use technology to make fi ..read more

HSBC has announced the launch of the HSBC FX floating e-liquidity order that allows institutional clients to place a floating order with HSBC’s principal liquidity via an API.   As part of HSBC’s Global Intermediary Services offering, the new HSBC FX floating e-liquidity order capability enables clients to make liquidity to HSBC and transact electronically on an anonymous basis with the bank’s principal FX desk, across 20-plus direct currency pairs and non-deliverable forwards. This allows clients to work orders within HSBC’s bid-ask spread.  Vivek Sarohia, Global Head of FX Alternat ..read more

FX’s electronification has helped market stakeholders improve processes while shining a new light on existing problems. Specifically, firms are reviewing their efforts to reduce the impact of their trades, making information leakage and risk reduction hot topics currently. Ideally, optimal execution will reduce risk while generating almost zero market impact. However, achieving this state is proving challenging to say the least. Oleg Shevelenko, FX Product Manager at Bloomberg, believes market participants often misunderstand what optimal execution means, reducing it to a question of execution ..read more

FX HedgePool, a leading fintech innovator in the institutional forex market, has unveiled its second category-defining service. X•Bridge is a groundbreaking liquidity and workflow solution that transforms how buy-side firms access forex liquidity, unhindered by the traditional market constraints of credit and broker restrictions. Built on our proprietary credit model and technology, the service has been fine-tuned since the beginning of 2024 during an early access period involving five global institutions. Solving the Liquidity Access Dilemma Due to credit constraints, account allocation compl ..read more

Michael, please tell us a little about when ROSTRO commenced operations and the different entities within it.  ROSTRO was founded in 2021. It was created as a new holding company that would cover every single type of client in the sector, catering to all financial audiences and servicing all kinds of trading and investment requirements.  We wanted to take a forward-thinking approach to investment and the provision of broader financial services. When Roger Hambury and I first sat down to draw up the details of Rostro, we knew one thing for sure: we wanted to create an all-inclusive ec ..read more

Twenty-five years ago this summer, I witnessed the first client trade executed from iFX Manager, an Internet-based FX trading platform for investment managers I created for one of my former employers, the Bank of New York. iFX Manager was built in concert with a U.K. FinTech firm named AVT Technologies, and connected to AVT’s initial pricing engine known as EchoFX. Designed in the late 1990s at the dawn of a transformational era for the foreign exchange market, EchoFX was an application that provided dealable or indicative spot, outright, and swap prices to a bank’s clients, enabling them to r ..read more

Different regions are moving at different speeds when it comes to digital assets – a trend that underscores the growing recognition of the need for oversight and consumer protection. That is the view of Vinay Trivedi, COO sell side solutions at SGX FX who describes the SEC’s approval of spot Bitcoin exchange-traded products as a significant milestone for institutional investors by providing them with regulated avenues to invest in Bitcoin while diversifying their portfolios. He also refers to the positive impact of tokenisation in enabling fractional ownership and enhancing liquidity on digita ..read more

Following its $6.5 million seed funding AbbeyCross has gone live with its new transactional FX platform and its first US Tier1 Bank customer. The platform has been built to transform FX payments in emerging markets for global banks, MSBs, NGOs and their EM payment providers. AbbeyCross reduces technical barriers to integration, addresses compliance and continuity risk, and offers much-needed price transparency to the fragmented and inefficient EM FX payment industry. Michael Robertson CEO and Founder of Abbey Cross (ex Merrill Lynch, HSBC and RBS head of transactional FX) said: “Today mar ..read more