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  • Deutsche Borse acquires 360T, with rumors of more exchange FX acquisitions to come

    Deutsche Borse announced Sunday that it is buying over-the-counter trading platform 360T, greatly boosting its foreign exchange operations less than six months after BATS Global Markets closed its Hotspot FX acquisition. Rumors of other acquisitions of FX venues by exchanges, and reports that other exchange players had bid on 360T have drawn attention to the potential for consolidation in the $1.6 trillion a day FX market.

High-profile hacks push finance firms to rethink identity management

Research firm IDC predicted late last year that the identity and access management market would rise to $7.1 billion in 2018, up from $4.8 billion in 2014 – a nearly 48 percent rise in four years. That rise has been driven in part by financial firms, which have been among the most active adopters of identity management technology.

ICAP's EBS BrokerTec expands into corporate treasury with addition of MyTreasury business

ICAP's EBS BrokerTec electronic foreign exchange and fixed income business has combined with ICAP's MyTreasury business as part of the EBS BrokerTec multi-product expansion strategy. The move expands EBS BrokerTec into the corporate treasury and money market space, and will yield new offerings that blend capabilities of the different platforms.

Company looking to create stock markets in Delaware has Dick Grasso on board

A company led by John Wallace, who used to be CEO of the Philadelphia Stock Exchange, is looking to launch two new stock markets based in Delaware. Wallace is enlisting the help of other big industry veterans for the new venture, including Dick Grasso, who was CEO of the New York Stock Exchange through the Sept. 11 attacks, and Joe Grano, who formerly ran UBS Group AG's wealth management business.

MasterCard expands digital wallet through PAY.ON, Citibank India and travel industry partnerships

In a spate of recent announcements, MasterCard revealed it is actively expanding the reach of its MasterPass digital wallet. The company has sought to boost the wallet's acceptance through partnerships with Citibank India, the payment gateway PAY.ON, and through multiple partnerships in the travel industry.

Number of new US banks drops to zero

There were no new commercial banks or savings institutions launched in the U.S. last year. In fact, since 2010, just four new commercial banks and one new savings institution have opened in the U.S.,...