Month: June 2015

P&L Talk Series with Ilian Yotov

P&L Talk Series with Ilian Yotov Ilian Yotov, president and portfolio manager of ATFX Currency Management, discusses why the CHF moves in January changed his perspective on risk management and why regulations are making life harder for FX money managers.   Profit & Loss: So Ilian, what sort of strategies do you trade at ATFX?   […]

Jones Joins FastMatch

David Jones will be joining FastMatch in London as a director of sales for Europe, reporting to chief executive Dmitri Galinov. A spokesperson for the ECN confirmed the appointment and says Jones will start at the company on 1 July. Jones was previously a global account manager at Icap’s EBS where he worked for 15 […]

The Greece Crisis: A Game With No Winners

Economists agree that although a Greek default and potential exit from the Eurozone will have less of an impact on FX markets than three years ago, it will still have significant implications. Against the major currencies, including the US dollar, the euro remains within a three month trading range, despite the fact that Greece looks […]

CFTC Targets Banks Moving Swaps Business Overseas

The Commodity Futures Trading Commission (CFTC) has proposed a new rule regarding the margin requirements for uncleared swaps that will prevent US banks shifting business overseas in an attempt to avoid swaps regulations. Under the new proposals, which the Commission voted unanimously in favour of, US swap dealers will be required to comply with the […]

And Finally…

I received an insight into the likely defence of those FX traders facing interview by the UK’s Serious Fraud Office at the end of last week – and I don’t think it’s going to be pretty. I was talking to a long time acquaintance who, it turns out, is close with one of the traders […]

Tech Corner

Redline Trading Solutions has announced that BM&F Bovespa market data is now supported in its InRush accelerated ticker plant software and is available via its fully managed RedlineFeed. The feed handler for the São Paulo exchange expands Redline’s support for more than 130 global trading venues that deliver multi-asset class market data to subscribing trading […]

On the Move

Majaraj Joins JP Morgan Asset Management  JP Morgan Asset Management has appointed Thushka Maharaj as global strategist and executive director in the global strategy team within the company’s investment management solutions global multi-asset group. Maharaj, who will report to the head of global multi-asset strategy John Bilton, will work on the global economic and asset […]

ICE Clear Singapore Signs Three Clearing Members

Intercontinental Exchange (ICE) has signed up three clearing members for the delayed launch of its Singapore derivatives exchange, adding Phillip Futures, KGI Ong Capital and United Overseas Bank Bullion and Futures The move indicates that local banks have confidence that there will be sufficient client demand for the futures contracts linked to the Chinese renminbi, […]

Bank of Canada Calls for US to Recognise Equivalent Rules

The Bank of Canada has urged US regulators to recognise non-US financial services rules as equivalent to their own and wants to explore the possibility of a bilateral agreement to help ensure the potential resolution of banks with cross-border operations. Speaking at the Windsor-Essex Regional Chamber of Commerce, deputy governor of the Bank of Canada, […]

Renminbi Trade Volumes in London More than Double in 2014

Chinese renminbi trade volumes in London more than doubled last year, according to a new report from the City of London Corporation, as competition to become the leading offshore RMB hub in Europe heats up. Overall renminbi trading volumes rose 143% in 2014 compared with 2013 with average daily volumes reaching $61.5 billion, nearly six […]