Bank of America (BoA) has joined State Street's electronic foreign exchange trading system, FX Connect, part of the Boston based bank's Global Link online investment service.
State Street's Global Link offers institutional investors access to a variety of internet based finance applications and services, including connectivity to global investment managers' chosen trading destinations, multiple exchanges, brokers, bank counterparties and other online trading venues.
BoA is the 23rd bank to participate in FX Connect since it opened to multiple counterparties in May last year.
By Geoffrey Ho
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers