Post Tagged with: "FX"

A simple technical solution to both Libor and FX Scandals

by November 14, 2014 at 2:37 am 0 comments

I was going to write “simple fix”, but fix is the problem. For the basics read this BBC explainer. The technical problem is that both Libor and FX have a batch closing cycle…how quaintly Victorian. The “close” (aka the “fix”) has a real need. Lots of financial systems need to enter a FX or Libor […]

Kantox, Which Uses P2P for Foreign Exchange, Appears to Be Raising a Round

Kantox, Which Uses P2P for Foreign Exchange, Appears to Be Raising a Round

by November 21, 2013 at 5:25 pm 0 comments

Kantox is looking to help users avoid the burn of high fees and long waits associated with foreign currency exchange by employing a person-to-person (P2P) platform to directly exchange one currency for another. A source in Europe told Bank Innovation that Kantox is raising another round of funding. Company officials declinedRead More