NEW YORK, September 23, 2015 - Global Finance magazine has announced The Innovators 2015 - Foreign Exchange. This is the publication’s first annual listing of foreign exchange banks and services firms that have devised breakthrough products and enhanced services that are transforming how companies implement complex FX strategies and limit currency risk.
The Innovators 2015 – Foreign Exchange list will be published in Global Finance’s November 2015 issue, as part of the annual Foreign Exchange Supplement. The list covers a wide array of products and services: from hardware to software; FX desks to mobile apps; virtual money to structured derivatives. The report will also feature an in-depth look at how treasurers are using the tools to lower the cost of transactions and boost productivity.
“With exchange-rate volatility once again on the rise, corporate treasurers need products that provide instant information and more efficient ways to manage currency transactions and contracts,” said Joseph D. Giarraputo, publisher and editorial director of Global Finance. “In The Innovators, we identify banks and technology vendors that are filling that need.”
All selections were made by the editorial board of Global Finance. The board considered nominations and submissions, key research and the input of experts in evaluating those banks and service providers that stand out for their transformative products and solutions. The OECD’s Oslo Manual of Innovation was referenced when considering firms for inclusion. The Oslo Manual spells out four types of innovation: product innovation; process innovation; marketing innovation and organizational innovation.
BANKS &
|
PRODUCT/PROCESS INNOVATION |
|---|---|
| AGEA | Web Trader – web browser trading application with responsive design |
| Alfa Bank | Alfa Forex Split Value Conversion – cashless currency purchase/ sale application |
| Attijariwafa Bank | RMB Settlements/Payments – service providing renminbi quotes against African currencies |
| BLOM Bank | Service Integration: centralized FX, capital markets, commodi- ties and securities operation |
| BNP Paribas | Centric – corporate FX platform launch in Europe |
| Commercial International Bank | FX Desk – trading service built around discreet customer segments |
| Deutsche Bank | Autobahn OTC Structures – electronic platform for pricing and dealing of structured derivatives |
| Dukascopy Bank | Dukascopy Connect and Dukascopy Payments – global payment system for mobile devices |
| ICAP | Everything EBS – amalgamated microstructures along with advanced algorithms and integrated analytics |
| mBank | Digital Treasury – offer and acceptance software |
| Saxo Bank | SaxoTraderGo – HTML5-based trading system |
Technology Vendors
|
PRODUCT/PROCESS INNOVATION |
|---|---|
| Kantox |
Dynamic Hedging -which can fully automateKantoxclients FX hedging strategies. They just need to set-up rules and thenDynamic Hedgingtechnology executes the strategy |
| Barracuda FX |
Order Hub -a network for compliance ready, electronic Order Management |
| City Index | Mobile Trading Widget – real-time trading widget for smartphones |
| Coinsetter and Shift Forex | Bitbroker – bitcoin liquidity and market data service for forex brokers |
| Digital Reasoning | Synthesys – program that identifies possible manipulation of FX markets |
| Fortex | Fortex MT4 Web Trade – HTML5-based program enabling browser access to accounts |
| FXCM | FXCM Trading Station – Real Volume indicators for company’s flagship platform |
| Gold-i | Gold-I Bridge – intelligent throttling tool that reduces price feed latency |
| Leverate | BX8 – retooled version of binary options platform featuring gamification tools |
| Lucera | Lucera Connect – software-defined network with no band- width-based restrictions |
| MahiFX | MFX Compass – risk management package for smaller banks and brokers |
| OANDA | OANDA API Suite – upgraded package enabling professional traders to develop their own algorithms |
| Portware FX | Portware Enterprise – Fully customizable execution manage- ment system |
| Quotix | Quotix Insight – software that manages market risk of retail FX brokers |
| R3 Analytics | Risk-management Upgrade – updated and enhanced cloud- based offering for brokers |
| SETL | Digital Ledger: blockchain-based system for FX transactions |
| Thomson Reuters | FX Trading – single platform providing desktop access to Thomson’s entire FX suite |
| USForex | Forex Money Transfer – app for sending money overseas via tablet or smartphone |
| ZuluTrade | Social Media Platform – peer-to-peer network for trading binary options |
***When referencing this release, please include a link to GFMag.com and a link to coverage of the awards at https://gfmag.com/media/press-releases/global-finance-names-innovators-2015-foreign-exchange as well as the ‘About Global Finance’ paragraph below. Thank you.
About Global Finance
Global Finance, founded in 1987, has a circulation of 50,050 and readers in 180 countries. Global Finance’s audience includes senior corporate and financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions. Global Finance also targets the 8,000 international portfolio investors responsible for more than 80% of all global assets under professional management.
Its website — GFMag.com — offers analysis and articles that are the heritage of 28 years of experience in international financial markets. Global Finance is headquartered in New York, with offices around the world. Global Finance regularly selects the top performers among banks and other providers of financial services. These awards have become a trusted standard of excellence for the global financial community.
For editorial information please contact:
Andrea Fiano | afiano@gfmag.com
To obtain rights to use Global Finance’s FX Innovators logo, please contact:
Chris Giarraputo | chris@gfmag.com
The unauthorized use of Global Finance Award logos is strictly prohibited.
