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Forex Network Videos

Delivering video news straight from Profit & Loss premier series of global conferences

Latest News

New Round of Cuts to BAML’s FX Team

Several senior FX sales dealers have left Bank of America Merrill Lynch in the US...

Concern Mounts of the “No” Vote Impact as Scotland Takes to the Polls

On the eve of Scotland’s referendum to determine whether it will exit the UK and return to independence, warnings of the negative fall-out from a “Yes” vote are now being matched by growing concern over the potential impact of a narrow “No” vote...

Pepper on Leave During State Street’s Internal Review of FX

Most FX ‘Reforms’ Were Already Taking Place Prior to Fix Probe – Sources

CME Announces Senior Management Reshuffle

C-View Unveils New Fund

EU in ‘Daily Discussions’ With CFTC Over Derivatives…

…As CFTC Wins Cross-Border Court Challenge

Next Event

The Fundamentals of Benchmarking and the FX Fix

This course has been approved for 3.00 Illinois CLE general credit hours. Allegations over the past 18 months of benchmark rate manipulation have surfaced related to foreign exchange markets, spilling over from recent LIBOR settlements. As a result, the Foreign Exchange (FX) industry has been embroiled in controversy, investigated by central banks around the world, and more than 40 traders suspended from major banks that control the majority of FX market volume. This special morning workshop will open with an overview of the FX market and how it operates. Subsequent sessions will delve into how the FX Fix works, current FX litigation and how to determine appropriate mark-up for FX transactions. The workshop features expert speakers, covering such important elements as: How does the FX market work? What are the risks in FX execution? What is the difference between Agency and Principal execution models? How is fixing business currently done? Is there a better way? Does appropriate markup differ by client type? Why? This morning workshop is designed for securities lawyers, outside counsel, in-house attorneys, government lawyers, documentation managers, consultants, compliance officers and those interested in the machinations of the FX market. This course has been approved for 3.00 Illinois CLE general credit hours. ...

Forex Network Chicago 2014

Join Profit & Loss for its flagship event of the year, Forex Network Chicago. Over two days a series of market and industry experts will provide their view of the key themes impacting the FX industry, from the growing regulatory burden to the changing nature of relationships in markets and new methods of doing business. Alongside the conference agenda, attendees will be able to witness some of the leading, cutting edge technology solutions available today as part of the trade exhibition that will be available throughout the event, with more than 30 exhibitors available. Profit & Loss conferences provide our audiences with unique views into the issues, developments and trends taking place in the FX industry. Our distinctive panel discussions provide insights into local market machinations, as well as opportunities for growth through technology, knowledge and partnerships. This conference is made possible by our annual and event sponsors, which together help us provide the premier FX industry conferences to market participants around the world. ...

Profit & Loss Singapore 2014

Profit & Loss Shanghai 2014


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Profit & Loss Forex Network Chicago 2012 - Panel 1: Market Making in an Electronic World

Bank and non-bank marketing makers came together to discuss regulation, fragmentation and risk management at Profit & Loss Forex Network Chicago, which drew a crowd of nearly 600 to the Windy City in September. Chris Concannon, partner at Virtu Financial; Peter Nabicht, executive vice president at Allston Trading; Chris Purves, MD and global head of FX e-trading at UBS Investment Bank; and Greg Wood, director, algorithmic execution, FX and listed derivatives at Deutsche Bank, started the session looking at the benefits of more regulation to the sector. Fragmentation within the FX market led to discussions on IT risk management, with Purves suggesting that the industry would benefit by defining a common mechanism for connectivity and therefore avoiding the need to recode every time a platform adds a new feature.   ...

Profit & Loss Forex Network Chicago 2012 - Panel 5: Best Execution: Staying Ahead of the Pack

Profit & Loss editor Colin Lambert opened a session at Forex Network Chicago on best execution by asking whether there are best practices for best execution. Ray Kamrath, chairman and CEO of Faros Trading, noted that TCA is definitely a growing segment in FX, so measurement is an important factor in defining best execution. When that develops in FX, perhaps to the level it is in equities, then price will matter more in FX, he said. Greg Ingrassia, senior FX trader at Buttonwood Group Trading, added that FX historically has not been a fee-based business, but that now, bid/offer spreads are being looked at as a real cost. Lambert asked Mike Harris, director of trading at Campbell & Company, whether he thought the market has moved away from the agency versus principal argument. Harris noted there is an active debate in the algo space around three choices – the pure agency model with no internalisation; or one in which you can turn on internalisation (the FX equivalent of a dark pool, in which you have limited market impact and you’re not paying a fee); and the third being the bank only principal model, “but even if I wanted to use it, that’s the one I can’t get it past my best execution committee”.   ...

Profit & Loss Forex Network Chicago 2012 - Panel 2: Patents vs Trade Secrets

Profit & Loss Forex Network Chicago 2012- Keynote Address: Market Vulnerability and High Speed Trading

Profit & Loss Forex Network Chicago 2012 - Panel 4: Growth Markets: Opportunities in Latin America

Profit & Loss Forex Network Chicago 2012 - The P&L Interview: The Evolution of EBS

Profit & Loss Forex Network Chicago 2012 - The P&L Interview: Is the World Coming to Chicago?

Profit & Loss Forex Network Chicago 2012 - The Profit & Loss Think Tank: Evolving the Platform Model

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