Month: September 2015

ICE Trade Vault Gets FX and Interest Rate Nod

The US Commodity Futures Trading Commission (CFTC) has issued an order regarding ICE Trade Vault, a provisionally registered swap data repository, that adds the interest rate and foreign exchange asset classes to those that ICE Trade Vault, intends to serve as a swap data repository.  The CFTC granted provisional registration to ICE Trade Vault as […]

CME, CFETS, Ink Cooperation Deal

CME Group and the China Foreign Exchange Trading System (CFETS) have signed an agreement on cooperation to “explore opportunities and promote each other’s market infrastructure and products”. The two firms say the signing of the agreement, “marks an important step in implementing the outcome from the 7th US and China Strategic Economic Dialogue”. Under what […]

Galy Joins Deutsche

Former Societe Generale FX currency strategist Sebastien Galy has joined Deutsche Bank in New York. Galy has joined as a senior currency strategist according to market sources, and steps in for Daniel Brehorn, who is moving to Deutsche’s London strategy team. Galy will report to Alan Ruskin, global head of FX G10 strategy at Deutsche.  […]

And Finally…

As I am about to get on a very long flight I will make this commensurately short. One of the real pleasures left to people in the industry is to gather informally and just chat. With all the issues of the past couple of years and the continued creep of technology there is little doubt […]

FSB Publishes Update on Market Reform Plan

Following its meeting held in London last week, the Financial Stability Board (FSB) has issued an update to its ongoing plan to reform financial markets. On liquidity issues, something that dominated discussions at Forex Network Chicago last week, the FSB has issued a further warning to investors and asset managers over taking liquidity for granted. […]

Giancarlo Calls for Reassessment of “Flawed” Swaps Rules

CFTC Commissioner Christopher Giancarlo has called for the Commodity Futures Trading Commission to revisit the Made Available to Trade (MAT) and swaps trading rules in a speech delivered at Forex Network Chicago. Discussing the “platform-controlled process” of MAT, Giancarlo noted that a SEF may certify a MAT determination to the CFTC after considering one or […]

Integral Upgrades OCX

Integral Development Corp has announced major enhancements to its Open Currency Exchange (OCX), which brings together FX market participants into a single integrated network of liquidity. The firm says that because FX traders “struggle with the current fragmentation of liquidity in the market”, to address these challenges, the latest release of OCX now incorporates resting […]

Regulation vs Technology: What’s Causing Market Dislocations?

The FX industry faces a plethora of risks. Understanding how to manage risk is the biggest challenge facing the industry today, but how best to address these? Profit & Loss asked a panel of experts at Forex Network Chicago for their views. In the world of spot foreign exchange, correctly gauging changing market regimes can […]

“Short, Sharp Shock” Needed for FX Market

The recent multi-billion dollar fines given to a range of banks and the continued flow of negative headlines relating to the financial markets are still not enough to prevent criminal behaviour from happening in the future, according to Andrew Bullion, partner at law firm Hausfeld. Speaking at the recent Profit & Loss conference in Copenhagen, […]

Management Changes at FXone

Seabury Financial Solutions, the operators of liquidity management solution provider FXone, has appointed Margaret Chan, CEO of Seabury Asset Management as interim CEO of FXone. Chan replaces former president and CEO, Rosario Ingargiola, who the firm says has departed the company. Alongside chief technology officer Mike Bundy and co-founder & principal GUI architect Jay Marvin, […]