French banking giant BNP Paribas has added to a solution that it’s using to streamline the allocation of credit for FX transactions between banks — Dynamic Credit from CobaltFX — with the deployment of the CobaltFX Analytics offering, officials say. The newly launched CobaltFX Analytics offering builds on the Dynamic Credit product, which has been… Read More >>
Did FX Workarounds Help Firms Get to T+1?
The foreign exchange (FX) industry has been tight-lipped since North America transitioned to a shorter settlement cycle a little over a month ago. However, more light is being shed on the operational workarounds buy-side firms deployed to meet the deadline. Though concerns about FX liquidity and pricing prior to the transition have not necessarily materialized,… Read More >>
CLS Will Not Adjust FX Settlement for T+1
Players in the foreign exchange (FX) industry are being forced back to the drawing board when it comes to settling currency transactions on a T+1 basis after CLS Group, a key player in FX settlement, announced last week that it will refrain from making operational modifications to its CLSSettlement multi-currency settlement system. Back in February,… Read More >>
SWIFT Says FX Ops Needs ISO 20022
Financial services messaging consortium SWIFT is calling for the increased automation of foreign exchange (FX) transactions via more standards that will ease data exchanges and will facilitate the nirvana of straight through processing (STP). “By removing barriers to exchange, standards always increase the amount of business done,” according to “The Value of Standards in the… Read More >>
