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 […]
Post Tagged with: "FX"
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