Skandinaviska Enskilda Banken AB (SEB) has promoted former JPMorgan executive, Svante Hedin to the role of head of electronic trading for FX and commodities. Mr.…
Posts published in April 2015
Payment processor ECommPay just unveiled that it has gained a MasterCard principal member status on the 29th of April. The company continues its efforts to…
Bitcoin Price Rises to 1-Week High
Bitcoin’s price has climbed by as much as 4.5% to hover near $235, a one-week high on most exchanges. Three days ago, the BTC-e exchange…
Cinnober Launches Quality Initiative for Trading IT Industry
Swedish financial solutions provider, Cinnober, is aiming to provide greater cooperation of fintech industry standards through the launch of their Financial IT Quality Assessment (FIQA).…
Dollar Stays Flat After Turbulent Trading
The US dollar was hurt yesterday by a report that showed the US economy almost grinding to a halt. The currency relieved some of its wounds after the Federal Reserve released its policy statement…
Flash Crash and High Frequency Trading – How Algorithms Work
It was recently reported that a single high-frequency futures trader was arrested in Britain. Navinder Singh Sarao was charged by the U.S. Justice Department with wire fraud, commodities…
Russian Forex Dealers Will Require Broker Certification
Representatives from the Russian self-regulatory nonprofit organization “Centre for Regulation in OTC Financial Instruments and Technologies,” commonly known as the CRFIN, yesterday took part in a…
Great Britain Pound Logs Gains After Economic Data
The Great Britain pound rallied today, reaching the strongest level in a month versus the US dollar, as macroeconomic data from the United Kingdom was relatively positive. The softness of the US currency added to the upside…
Comcast & Time Warner Cable Merger Dead In the Water
Two of America’s have finally called off their merger attempt. That is to say that last week Comcast that it was abandoning a merger attempt…
NZ Dollar Recovers After Earlier Losses
The New Zealand dollar logged gains against its US counterpart and the Japanese yen (update: the NZ dollar retreated back to the opening level versus the yen), carried higher by the greenback’s weakness. Earlier,…