Month: February 2016

Thomson Reuters Reports Growth in Volumes, Connections

The number of FX market participants publishing and receiving trade notifications on Thomson Reuters trade notification network has grown 50% year-on-year through February 2016 as industry participants seek to realise the benefits of increased transparency and reduced costs and errors from automated trade notification and straight-through processing (STP).   Thomson Reuters Trade Notification (TRTN) has […]

EBS Market Moves to Real-Time FX Market Data

EBS BrokerTec announces today that it is redesigning its FX market data service, EBS Live, and will move to streaming real-time market data. The ‘EBS Live Ultra’ feed will provide “significantly improved price discovery and transparency, enhancing EBS BrokerTec’s status as the premier venue for market reference data in its core pairs”, the firm says.  […]

FSB to G20: Past Agreement Implementation “Imperative”

In a letter from Financial Stability Board (FSB) chair Mark Carney to G20 finance ministers and central bank governors in advance of the weekend G20 meeting in Shanghai, Carney notes “The imperative now is to implement fully and consistently the G20’s past agreements.” In the letter, Carney notes that more difficult economic and financial conditions […]

Taking the Temperature of the FX Industry

Profit & Loss, in association with Thomson Reuters, is releasing a survey aimed at identifying the mood in the FX industry. Following the publication of the Good Health in FX supplement last year, the survey – Taking the Temperature of the Foreign Exchange Industry – asks a series of questions seeking to establish consensus views […]

Latif Exits Goldman – for Citi

Ayesa Latif, co-head of e-FX sales for EMEA at Goldman Sachs in London, has left the bank. Profit & Loss understands that Latif is joining Citi in London in May as institutional e-sales head – EMEA. Her new role will see her cover banks, leveraged and real money client segments across the region, she will […]

Maher Leaves Nomura?

Market sources tell Profit & Loss that Rob Maher has left his position as global head of electronic markets at Nomura. Although a spokesperson for the bank declined to comment on the news, sources indicate that Maher, who was appointed as a managing director at Nomura in New York in March 2014, has left the […]

ITG Launches New Pre-Trade Analytics Mobile App

ITG has launched its ITG Smart Cost Estimator for pre-trade analysis, a mobile application that estimates pre-trade costs based on current market conditions. “Traditional pre-trade transaction cost models don’t take prevailing market conditions into account or allow users to perform ‘what if’ scenarios. ITG Smart Cost Estimator for Pre-Trade Analysis delivers more accurate cost estimates […]

Thomson Reuters Reports Strong Trade Notification Network Growth

Thomson Reuters has reported a significant increase in its trade notification network connections and volumes deriving from FX market participants, attributing this to new regulations and a growing demand for cost efficiencies. The firm says that the number of FX market participants publishing and receiving trade notifications on its trade notification network has grown 50% […]

And Finally…

A regular subject of conversation over the past two weeks has been the mood of the FX banking industry – people seem keen to share their view, if for no more reason than to see if they are in step with the majority. Tapping into the mood of the market is not that easy of […]

CLS Appoints Marquard

CLS Group has appointed Alan Marquard to lead its new Corporate Strategy and Development division. Marquard is based in London and reports to David Puth, chief executive officer of CLS. CLS says the division was created to align its product and relationship management teams more closely with its strategy of growing its global presence and […]