Month: May 2013

And Another Thing…

It seems to me that a buzz phrase in the industry at the moment is “the market structure is changing”. Interestingly, everyone has their own idea of how it will change, which is making for a diverse approach across the industry. Here’s the thing though. Is it changing? I am not sure there is a […]

CFTC Hits FCStone Over Risk Control Breakdown

The Commodity Futures Trading Commission (CFTC) has issued an Order filing and simultaneously settling charges against FCStone, a Futures Commission Merchant (FCM) headquartered in New York for “failing to diligently supervise its officers and employees relating to its business as an FCM in violation of Commission Regulation 166.3, 17 C.F.R. § 166.3 (2008).” CFTC says […]

UBS Live on FXSpotStream

UBS has gone live as a liquidity provider on FXSpotStream, just two months after signing with price aggregation service globally from sites in New York, London and Tokyo. Additionally, client trading with UBS via the service has also commenced. FXSpotStream is a wholly owned subsidiary of LiquidityMatch. UBS is now the eighth bank providing prices […]

And Finally…

Regular readers will know I love an unscientific poll as a basis for discussion, and the latest example is something around last Thursday in the markets. Of course, I should point out that I actually prefer scientific polls, but getting hold of the hard data is often impossible, therefore we have to put up with […]

Around the World

RMB used for more than 10% of business in 47 countries. Of the 160 countries that exchange payments with China and Hong Kong in April this year, 47 of them had at least 10% of their payments value in renminbi. According to Swift, this represents a 9% increase on July 2012’s records. During the nine […]

Tech Corner

Application software and services firm, Misys, has released the latest version of its buy-side tool, Sophis Value v5. The new version provides greater transparency for traditional and alternative asset managers from pre-trade activities to portfolio, risk management and back-office processes, says the firm. New features include a new interface, risk management capabilities, support for compliance […]

On the Move

Francis Departs UBS Sally Francis has left her role as head of the FX distribution desk for European and global institutional clients at UBS in London. She joined the bank’s sales team in 2001, focusing on Scandi clients and reporting to Julian Wantling, co-head of FX sales, European clients (Profit & Loss, May 2001). A […]

Saxo Bank Launches Saxo TV

Multi-asset online trading and investment firm, Saxo Bank, has launched Saxo TV, a new service providing content and insight to clients, led by Owen Thomas, a former Bloomberg TV news anchor. The new offering has been integrated with Saxo’s social financial investment community, TradingFloor.com, and will offer insight into the market, from the market, says […]

NFA Takes Enforcement Action Against Light Tower Investments

The National Futures Association (NFA) has taken emergency action against California-based Light Tower Investments (LTI), an NFA member commodity pool operator (CPO) and commodity trading advisor (CTA), and Klaus Weyers, a principle and associated person of LTI. The body has taken action against member responsibility action (MRA) and associate responsibility action (ARA) to protect LTI’s […]

BMO Makes FX Hires

Bank of Montreal Capital Markets (BMO), the investment and corporate banking arm of BMO Financial Group, has expanded its foreign exchange group with a number of global hires. In New York, Greg Anderson has joined as global head of FX strategy from Citi where he was the North American head of G10 FX strategy. Before […]