Research from Standard Chartered highlighted that China's FX requirements for custodians is one of the last obstacles for foreign investment to take off.
Same-day FX settlement service CLSNow has gone live with JP Morgan and Goldman Sachs among the first to use the platform.
Baton Systems has hired former Traiana CEO, Andrés Choussy, who takes on the role of COO at the firm.
Northern Trust’s extends deal with Hermes to cover FX currency management services for its Irish fund range.
Former global co-head of FX trading moves to a new senior role for selling prime, futures and securities services.
The introduction of Japanese funds onto the FX settlement service follows a multi-year effort to onboard the Japanese buy-side community to CLSSettlement.
Cobalt and IHS Markit have teamed up to produce post-trade services for FX using blockchain technology.
Earlier this year, BNY Mellon launched a FX prime brokerage service, enabling clients to trade and margin their FX with a global custodian.
BNP Paribas has made a number of senior hires to its prime services division this year, predominantly within sales.
State Street makes another move into front office trading technology with acquisition of FX TCA provider BestX.