Month: September 2015

Northern Trust Launches Buy Side FX Product

Northern Trust has launched CompleteFX, a stand-alone FX product for investment managers that offers outsourced FX processing and execution services. CompleteFX is designed to be a fully customised service and technology platform that combines the operational capabilities of Northern Trusts’ Global Fund Services infrastructure with the market and execution expertise of its global foreign exchange […]

P&L Talk Series with David Rutter

Profit & Loss: What is the purpose of the new consortium that R3 has helped to form with the banks? David Rutter: We want to build this fabric – which is the open source financial ledger – that is secure, scalable and meets anti-money laundering (AML) and know your customer (KYC) requirements. In other words, we’re […]

Thirteen Banks Join R3’s Distributive Ledger Consortium

R3 has announced that an additional 13 banks have joined its partnership to design and apply distributed ledger technologies to global financial markets. The news comes two weeks after R3 and nine initial member banks publicly announced the formation of their distributed ledger initiative. This addition, which takes the total number of banks collaborating on […]

Is Data the New Technology Battleground for Buy Side Firms?

Galen Stops looks at why buy side firms are increasingly looking at new ways of viewing and analysing market data and how this is helping them create new trading strategies. Technology is increasingly allowing firms in a wide range of business sectors to collect, store and use data to enhance efficiencies and financial services is […]

Growth in the European repo market stalls: ICMA

The European Repo Council of the International Capital Market Association (ICMA)   has released the results of its 29th semi-annual survey of the European repo market. The survey, which shows the amount of repo business outstanding on 10 June 2015, sets the baseline figure for market size at EUR 5,612 billion, a 2% increase from December […]

FXStreet Unveils Currencies Signal-Based News Feed

FXStreet has launched Algo Rythms, a signal-based news feed for over 30 currency pairs, developed in collaboration with FinTech start-up Qubitia Solutions. Working to what it terms “the strictest CMT guidelines”, FXStreet has composed around 100 market scenario signals and applied them over 30 currency pairs, representing a total of 3000 strategies running at the […]

IMF Report: Exchange Rates Still Matter for Trade

Exchange rate movements still have sizable effects on exports and imports, according to new research from the International Monetary Fund (IMF).  Recent sizable movements in the currency markets have led to debates regarding their effects on trade. The US dollar is up more than 10% in real effective terms since mid-2014. The yen is down […]

CFTC Settles With Bitcoin Exchange Over Wash Trades

The Commodity Futures Trading Commission (CFTC) has settled charges against Bitcoin trading platform TeraExchange for failing to prevent “wash” and prearranged trading on its platform. Tera, which is provisionally registered as a Swap Execution Facility (SEF), is under the CFTC’s jurisdiction and as part of the order has been required to ensure that there are […]

Wetjen Joins Board of Bitcoin Derivatives Exchange

LedgerX, a Bitcoin derivatives exchange that was recently granted temporary registration as a Swap Execution Facility (SEF), has announced that Mark Wetjen has joined the board of directors of its parent company, Ledger Holdings.   “I am excited to participate in the evolution of the Bitcoin asset class with a firm that is building institutional-grade […]

Parker Index Rises in August

The Parker FX Index rose 0.4% in August, for a year-to-date return of 2.39%. On a risk-adjusted basis, the Index was up +0.18%, for +1.9% year-to-date, the median return for the month was +0.38%, while the performance ranged from a high of +7.95% to a low of -5.30%. In addition to the broad Index, there […]