Day: 18 June 2015

The Legacy of FEMR

The Fair and Effective Markets Review may be a landmark event in FX markets as for the first time a regulatory body has joined the debate over practices such as internalisation and last look. So what does FEMR say on these practices and where do we go from here? Are there feasible solutions to help […]

And Another Thing…

This time last year it was hard to move for the amount of agency execution brokers moving into FX, so how are these firms getting on? More pertinently, are they going to struggle, ironically, because the market is moving towards their model? I have noted before that the agency business looks good on paper but […]

Tech Corner

The Depository Trust & Clearing Corporation has issued recommendations on global data harmonisation to the CPMI IOSCO Harmonisation working group. The recommendations detail a proposed path towards a global data harmonisation, with credit derivatives identified as the first step. The approach involves harmonising approximately 30 data fields across global trade repository providers, essentially creating a […]

On the Move

Malcolm Joins Caxton Associates James Malcolm, a former foreign exchange strategist at Deutsche Bank, has joined hedge fund Caxton Associates in London. Malcolm joined Deutsche Bank’s FX strategy team in Singapore in 2004 from JP Morgan, where he spent five years, most recently as head of Asian rates research Malcolm follows former Deutsche Bank FX […]

Bullion Capital Adds VitalMarkets

Online precious metals exchange Bullion Capital, has announced the signing of prime broker boutique VitalMarkets to join its membership base which now counts almost 70 brokers. VitalMarkets will offer Bullion’s physical bullion trading platform MetalDesk, which the firm claims is the world’s first electronic exchange for physical precious metals. “We offer brokers a comprehensive downstream […]

Derivative Exchanges Eye Asia for Growth and Liquidity

Major derivative exchanges are keeping a close watch on developments in Asia, particularly China, as higher margin requirements in Europe and the US encourage institutional investors to move clearing to other jurisdictions. The heads of six large exchanges, participating in a panel called “Exchange Leaders Talk Markets Today and Tomorrow” at FIA Europe’s IDX conference […]

South Korea Investigates Bank FX Activity

South Korea has become the latest jurisdiction to instigate an investigation into the activities of global banks in FX markets. Following the announcement of the multiple fines levied by UK and US authorities last month, the chairman of South Korea’s Fair Trade Commission (FTC), Jeong Jae-chan told a parliamentary hearing the commission is investigating whether the […]

Profit & Loss Talk Series: Mankash Jain

In the latest P&L Talk Series interview, Mankash Jain, chief executive of Ten Rings, a Dubai-based financial firm that performs a mixture of prop trading and investment management, shares his views on the opportunities and challenges in trading emerging markets currencies, and sound investment strategies and risk management practices. “Challenges in EM, as always, lie […]

Denmark Central Bank Governor to Address Profit & Loss Scandinavia

Per Callesen, Governor of the Danmarks Nationalbank, will be making the keynote address at Profit & Loss’ Scandinavia conference in Copenhagen on 16 September. Callesen became Governor of the central bank in February 2011 after serving as executive director for the Nordic-Baltic constituency at the IMF, Washington DC. He has also worked at the Danish […]