Day: 3 August 2016

Traiana Expands FX Product Team

Basu Choudhury joins Traiana as FX product lead, according to the firm. Choudhury, who will be based in London, will “extend Traiana’s FX service capabilities for both the buy and sell sides,” the company says. Prior to this role, he was head of product for LCH.Clearnet’s ForexClear service. He had resigned from the position in […]

EBS Volumes up 1% YoY in July, but Fall 15% MoM

ICAP’s EBS average daily volumes (ADV) were up 1% year on year in July, standing at $83 billion. Nevertheless, volumes saw a sharp drop on a month on month basis in July, being down by 15% compared to June, ICAP reports. The movement is partly explained by the strong rise in volumes seen in June […]

MahiFX Appoints New Head of Retail Sales

Financial technology provider MahiFX has appointed Nick Mortimer at a newly created head of retail sales position. Mortimer has more than 25 years of experience in the financial industry, and was head of global liquidity management at ACM Geneva, the company says in a statement. Prior to that, he was head of prime brokerage and […]

P&L Talk Series with Franck Mikulecz

Franck Mikulecz, managing director of the newly established clearing house FXCH, explains why and how his firm is using distributed ledger technology to clear spot FX transactions. Profit & Loss: You’ve launched a clearing house to clear spot FX using distributed ledger technology. Why? Franck Mikulecz: We think that in some respects, the FX market […]

Digital Asset Continues Senior Hiring Spree

Digital Asset, a developer of distributed ledger technology, has hired Carol Mathis as its chief financial officer (CFO). Mathis joins from RBS Corporate and Institutional Bank, where she was a managing director and chief operating officer for the past three years. Prior to that, she was chief financial officer for more than 12 years.  Before […]

FlexTrade Promises Brexit Certainty with New Frankfurt Office

FlexTrade Systems opened an office in Frankfurt, Germany, in order to offer local sales and service to the company’s growing German-speaking client base. The new office will be in the same building as the Frankfurt stock exchange.  “The initial driver to open the office in Frankfurt was to serve our fast-growing client base in the […]

Exchanges See FX Volume Decline

CME Group and Moscow Exchange (Moex) have both reported lower FX volumes in July – largely reflecting the first batch of data from the OTC platforms earlier this week. CME says average daily volume (ADV) in its FX contracts was 724,000, the second lowest level of activity this year after May saw ADV of 716,000. […]

Roberts Departs EBS BrokerTec

Jessica Roberts is due to leave her position as head of CNH at EBS BrokerTec, according to market sources. Although a spokesperson for the firm declines to comment, Profit & Loss understands that Roberts is leaving the firm to take a management consultancy role elsewhere, where she will be developing her skill set in a […]