Month: January 2003

Profit & Loss Holds 3rd Annual Forex Charity Dinner’Off the Record’

Profit & Loss magazine held its third annual Forex Charity Dinner, “Off the Record”, on Wednesday, December 4, at The Brewery in London for 60 guests. On the night, we raised £12,000 from an auction and raffle, with donations coming from individuals in the market, as well as from numerous sporting and lifestyle goods franchises. […]

Extraordinary EM Export Performance

By Michael Burke, B&M Research The emerging market economies as a bloc have experienced a surprising improvement in export volumes, despite the weakness of demand in the leading economies. One key issue is the importance of China’s exceptionally strong growth for the exporters of the region. However, the strength of export growth stretches far beyond […]

Business as Usual? Derivatives Volumes Compare Well to Pre-Euro Era

The latest BIS survey on derivatives balances outstanding sees further growth in the market, continuing a recent trend in the data series. This latest report also gives the market its first chance to study data that is unaffected by the legacy currencies that continued in existence until early 2002 before being replaced once and for […]

Don’t Bet the House On It

By Andres Drobny,Drobny Global Advisors The consensus seems to believe that the ‘soft patch’ the US has experienced is now coming to an end. Many are now anticipating a good bounce in activity in the fourth quarter, with perhaps better news to come next year. There are lots of reasons to believe this. The Fed […]

New Online Platform Targets Retail Clients

The latest in a long line of systems looking down the value chain to the retail sector has been released by Advanced Currency Markets (ACM), a Geneva-based trading house. ACM has gone live with its online margin trading system, the uniquely named WYCIWYG platform – or “what you click is what you get”. Offering streaming […]

SwapsWire Goes Live

After a couple of false starts, the OTC derivatives market took its first major step towards emulating the FX and money markets (not to mention the fixed income and equity markets) with the launch of SwapsWire, a multibank platform aimed at automating much of the post-trade process. The platform is live in Europe, as well […]

Gain Turns to the Professional Market

Having proved itself in the retail market, Gain Capital, an independent provider of foreign exchange services, is looking to build its client base with larger players such as investment and money managers. The move already appears to be paying off, with the platform enjoying trade volume that soared to $32 billion in October, more than […]

BBH Augments FX WorldView

Brown Brothers Harriman (BBH) has released the latest version of FX WorldView, its currency execution system, two years after the original launched (see Profit & Loss, September 2000). The latest iteration offers clients streaming rates, two-way pricing and aggregation options, and sees the bank move from basing its system on AutoDeal Lite to the latest […]

Marshall Joins A.T. Kearney

A.T. Kearney, a management consultancy subsidiary of global services provider EDS, has appointed Tony Marshall as vice president of its executive search, financial services division. He will primarily be responsible for the capital markets sector in the UK and across Europe. Marshall joins from Marshall Warburton, a financial services recruitment company which he founded in […]

Dimmock Takes UK Role

David Dimmock, a director in foreign exchange investor sales, has re-located from Tokyo to the London office of Merrill Lynch, the bank confirms. He reports to Michele Di Stefano, managing director and head of investor sales for EMEA, also based in London. Separately, Jeremy Furniss is reported to have recently joined Merrill Lynch in London […]