Month: April 2016

Aston Capital Taps Khaledi

Aston Capital Management hired Kamyar Khaledi as its new head of business development in New York.  Khaledi, who joined the firm on April 1, joined from JP Morgan where he was vice president on the derivatives clearing hedge fund desk, where he was primarily focused on clients with FX, rates, credit and F&O strategies. Prior […]

Changes at the Top for Lucera

Peter Durkan has replaced Jacob Loveless as CEO of Lucera in New York. “It’s an exciting time for Lucera and I’m delighted to take on the role of leading the company into its next phase of growth. Jake and I founded Lucera together in 2013 and since then, the vision and focus has remained the […]

IG Heads to the Polls

As Profit & Loss pointed out only yesterday, prices being quoted by bookmakers are likely to prove the best indicator of whether or not the UK will vote to leave or stay in the European Union. So it appears a little bit surprising that IG, which runs a 24-hour binary market on Brexit, has teamed […]

Deutsche Börse Creates FinTech Hub

Deutsche Börse could probably be considered as Germany’s biggest FinTech company. It certainly has a long history of innovation, having pioneered electronic trading and remote access back in the 1980s and 1990s. So it is perhaps almost inevitable that it might feel somewhat paternalistic when it looks at today’s fledgling FinTech sector. On Tuesday evening, […]

Big Tick for First Derivatives

First Derivatives (FD), a provider of financial products and consultancy services, says it has signed a strategic partnership with Thomson Reuters. The non-exclusive deal means that FD will have access to Reuters’ vast database, including its history of FX tick prices. FD says the data will be used with its Kx technology as part of […]

Buy Side Voices Concerns Over Impact of Regulation on FX

US regulations have failed to improve the FX market in the short-term, according to the buy side representative at a discussion hosted by the Commodity Futures Trading Commission (CFTC) today. Angela Patel, trading operations manager at Putnam Investments, was the key speaker asked to explain the impact of CFTC regulations on the FX market at […]

Analysts Confounded (Again) by Economic Data

Today’s Australian inflation data surprised to the downside, rousing a sleepy Asia FX market from its pre-FOMC slumber. The headline CPI data fell 0.2%, quite some way off analysts’ expectations of a 0.3% rise. This left the annual inflation rate at 1.3%, down from 1.7% in the previous quarter. Core underlying inflation rose just 0.15%, […]

Moex Strives for Glasnost

The Moscow Exchange (Moex) has announced it will offer what it terms “new opportunities and services to FX Market participants”, from July 4. The exchange is introducing various new products and services, which effectively are part of the process of building a link between its cash and derivative market segments. A criticism of the exchange […]

Market Hoovers Ultra-Long Gilt

The UK’s Debt Management Office (DMO) attracted huge demand for its syndicated re-opening of £4.75 billion of its ultra long-dated 21?2% 2065 Gilt this morning. The issue, which was priced at £106.164, equating to a gross redemption yield of 2.2905%, attracted over £21 billion of orders. The Gilt was priced at the tighter end of […]

“Shocker” as Pound Rallies

For much of this year, the market commentary about Sterling (GBP) has been a good reflection of the debate about whether or not the UK would vote to leave the European Union. In other words, it has been very ‘shouty’ and not particularly that well informed. Every ‘plunge’ in cable seemed to be accompanied by […]

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