Day: 2 November 2015

BoE Study: Markets Need to be Resilient as Well as Effective

Financial markets need to be more than just effective, according to a Bank of England paper which argues they need to be equally resilient. The paper, The Resilience of Financial Market Liquidity, was authored by Niki Anderson, Lewis Webber, Joseph Noss, Daniel Beale and Liam Crowley-Reidy from the Bank of England, seeks to contribute and […]

More Senior FX Staff Cut at Standard Chartered

Profit & Loss has learnt the names of four other senior FX staff due to be leaving Standard Chartered as part of broader cuts announced within the bank, including global head of FX Nitin Gulabani. Singapore-based Gulabani is said by sources to be stepping down at the end of the year, with his role taken […]

BGC and Tradition Post Positive Q3 Results

Inter-dealer brokers BGC and Tradition have both posted positive third quarter results. BGC Partners says its Q3 2015 foreign exchange revenue was $83.7 million, a 48.9% increase from last year during the same period. “Our overall financial services revenues improved by nearly 60 percent year-over-year, driven by the acquisitions of GFI and RP Martin, as […]

Bank of England May Need to Recondition Market Expectations

Don’t expect any fireworks from the Bank of England (BOE) on November 5, say analysts at Barclays, although Governor Mark Carney may have the tricky task of explaining to the market the MPC’s short- and medium-term interest rate expectations. The BoE will have its own Bonfire Night party with the November interest rate decision, the […]

On the Move

RJ O’Brien, RBS… Thackham Joins RJO’Brien Chris Thackham has joined RJO’Brien in London as a senior FX trader.  Prior to this, Thackham held a senior FX trading role at Jefferies Bache/Prudential Bache in London for just over nine years and before this at he held senior FX sales and trading roles at Bear Stearns and […]

And Finally…

I moved house last week and have suffered periods without power and, to date, no Internet, therefore I may be feeling a little indisposed to technology at the moment. That said, I feel I have to highlight what seems to be a rather grand case of throwing someone under the bus while taking a step […]