Month: December 2015

All-To-All Trading a Reality in Spot FX, Report Says

A new report from consultancy firm GreySpark Partners claims that all-to-all (A2A) trading has become a reality in the spot FX market over the past year. The report says that both dealer-to-dealer (D2D) and dealer-to-client (D2C) venues are altering their trading models so that they can offer buy side firms and banks access to many […]

P&L Talk Series with Michael Syn

Speaking at Profit & Loss’ Forex Network Singapore conference, Michael Syn, executive vice president, head of derivatives at SGX, gave his views on RMB internationalisation, the symbiotic and complementary relationship between OTC and ETD products, as well as opportunities to innovate in the commodity markets. Profit & Loss: Let’s start off by discussing the inevitable […]

Charity-Focused Venture Aims to Cut FX Costs

Charitytransfers, a new venture, has been launched to help charities reduce their FX dealing costs and provide them with ongoing advice and technical support. Set-up by the founders of FX consultancy, Audere Solutions, Charitytransfers says it offers NGOs and charities guidance on how best to transfer donations internationally, as well as a broking service to […]

UBS Traders Facing Sanction?

Up to seven UBS FX traders are facing official sanction from Switzerland’s regulator Finma following its investigation into allegations of currency market rigging. According to a report from Bloomberg, Finma is looking to notify the traders of any penalties by the end of the year. Should any punishments be handed down they would be the […]

Cyber Security Remains Risk Managers’ Focus: Survey

A new survey on risk trends impacting the financial services industry reveals that 61% of risk managers believe the probability of a high-impact event in the global financial system has increased during the past six months, with the threat of a cyber attack a key driver. According to the Depository Trust & Clearing Corporation’s (DTCC) […]

Trade Repositories Lagging in Development of Financial Market Infrastructure

The Committee on Payments and Market Infrastructures (CPMI) and the International Organisation of Securities Commissions (IOSCO) have highlighted the slow progress of trade repositories (TRs) in their latest review of the implementation of the Principles for Financial Market Infrastructures (PFMI). “Cooperation regarding TRs is less widespread, as TRs are a new type of FMI,” the […]

Barclays Seeks to Clarify Last Look Use to Clients

Barclays has sent a disclosure clarifying its use of ‘last look’ functionality out to its clients. Profit & Loss understands that Barclays began sending the disclosure to clients when it was first published on the Barx website at the start of October, but that some clients of the bank only received it today. The disclosure […]

Bloomberg, Schapiro to Chair New RMB Group

A group of senior figures from the US financial services industry, including Michael Bloomberg and Mary Schapiro, have formed The Working Group on US RMB Trading and Clearing, to establish Chinese renminbi trading and clearing in the US.  Bloomberg will serve as the chair of the working group, while former Securities and Exchange Commission (SEC) chair, Schapiro, […]