David served for ten years as the CEO of Electronic Broking at ICAP Plc, the world's largest interdealer broker, where he led the BrokerTec fixed income and EBS foreign exchange platforms.
With the recent interest in the Internet of Things and blockchain, the opportunity exists to create a myriad of sharing applications, e.g. peer-to-peer automatic payment mechanisms, foreign exchange platforms, digital rights management and cultural heritage to name but a few.
Online gaming group Playtech slipped 7p to 801p after a £227m placing at 780p a share to fund acquisitions, including the purchase of foreign exchange platform Plus500.
For instance, Ibanfirst started out as a B2B foreign exchange platform and now wants to provide business bank accounts as well.
Icap, the interdealer broker, jumped 14.8p to 338.8p after it said its BrokerTec and EBS fixed income and foreign exchange trading platforms saw a 17% jump in average daily volumes last month, compared to January 2012.
Icap, the interdealer broker, has jumped 16.1p to 340.1p, a near 5% rise, after it said its BrokerTec and EBS fixed income and foreign exchange trading platforms saw a 17% jump in average daily volumes last month, compared to January 2012.
The financial trading company, which launched originally as an online foreign exchange trading platform, is small but growing with an average of 2,000 new accounts opened every month.
"FXall's members have always been free to provide prices and trade foreign exchange on any platform they choose" the company said, "and, in fact, a significant number of FXall's member banks do so".
The banks that own FXall, a foreign exchange electronic trading platform, are in talks to sell a minority stake to private equity firms, extending recent merger and acquisition activity in this sector, according to Reuters.
But that remains several years off, considering how small the share of the fixed-income and foreign exchange markets these Internet trading platforms have garnered so far.
They make foreign exchange easy with a nifty distributed exchange platform.
