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.
The introduction of Japanese funds onto the FX settlement service follows a multi-year effort to onboard the Japanese buy-side community to CLSSettlement.
Nine financial institutions will participate in a proof of concept for platform powered using blockchain technology to share and use various services.
In January, BNY Mellon announced the launch of a FX prime brokerage service, the first custodian to enter the space. Will this mean a new approach to FX prime brokerage?
FX prime brokerage expert joins State Street in a newly created role from Standard Chartered in London.
R3 chief David Rutter hits back at ‘false rumours’ of financial troubles spread by two former employees.
The use of blockchain eliminates the need for transaction reconciliation, as the trade was stored as a single immutable record.
The custodian bank is looking to allow its clients to access a new source of much-needed liquidity in the FX space.