Month: February 2016

Lenterman to Join Citadel?

Remco Lenterman has apparently agreed to join Citdael’s London office, according to market sources. Lenterman left his previous position as at IMC Financial Markets and stepped down from his role as chairman of the FIA European Principal Traders Association (EPTA) last year to move to London.  Prior to joining IMC as a managing director in […]

Digital Asset Announces New Strategic Partnerships

Digital Asset Holdings, a developer of distributed ledger technology has entered into non-exclusive strategic business relationships with Accenture, Broadridge and PwC. These relationships are designed to ensure the faster adoption and scalability of its distributed ledger solutions, according to a release from Digital Asset. “We are excited to enter into relationships with Accenture, Broadridge and […]

CFTC Extends Swap Consultation Period

The Division of Market Oversight and Office of Data and Technology staff at the Commodity Futures Trading Commission have extended the request for comment period on the draft technical specifications for certain prioritised swap data elements and associated questions. The comment period will be extended to March 7, 2016. “This extension will allow the CFTC’s […]

Brandon-Bravo Exits Gain GTX

Nigel Brandon-Bravo has left Gain GTX. A spokesperson for Gain GTX confirmed that Brandon-Bravo, who joined the firm in its London office in 2010 as a director of international sales, has left the company. Prior to joining Gain GTX, Brandon Bravo spent nine years as a vice president at Chemical Bank. galen@profit-loss.com  Twitter @Galen_Stops 

And Finally…

A one year anniversary slipped by recently, one that was perhaps overlooked in everyone’s rush to re-analyse the events of January 15, 2015 (the analysis is easy people – the SNB still should have bid 1.15 and 1.10 in a few yards after pulling the plug, they probably wouldn’t have seen the latter). Anyway, the […]

And Another Thing…

There is a lot of talk at the moment about the need for someone – it’s never specified who – to step up to host a utility like service for one or more of the various needs of the foreign exchange market. In general I understand this, there is a natural reluctance on the part […]

Bank of Canada to Change FX Rate Publication Process

The Bank of Canada has announced it will change how it publishes its foreign exchange rate data to further reinforce the distinction between central bank reference rates and benchmark fixing rates. The BoC says that the changes will come into effect on March 1, 2017 – the bank becomes the second central bank to explicitly […]

Report Sees Benefits in Multi Asset Class Carry

Although the carry trade is most widely associated with the foreign exchange market, a new report by Campbell & Company offers research into the “powerful portfolio effect” and “superior long term, risk-adjusted returns” that can be gained from a multi-asset class approach to carry. The paper, written by Campbell & Company product specialist Susan Roberts, […]

ESMA Consults on Benchmarks

The European Securities and Markets Authority (ESMA) has published a discussion paper regarding the technical implementation of the incoming benchmarks regulation. ESMA says it is seeking stakeholder’s input to inform its future proposals on draft Regulatory Technical Standards (RTS) and Technical Advice (TA) to the European Commission. The regulation’s objective is to “improve the governance […]

On the Move

Portware, FreemarketFX, Wedbush… Sorenson Joins Portware in New York  Portware has hired Christopher Sorenson as an FX project manager in New York. Prior to joining Portware, Sorenson had been working as a consultant in Boston, following his departure from FX Connect in March 2015. Sorenson spent more than nine years at FX Connect, working as […]