Day: 17 August 2016

Former Traiana Exec Launches Blockchain Initiative

Cobalt DL says that it has commenced beta testing with a number of leading FX participants on its private peer-to-peer network that uses distributed ledger technology in order to try and reduce post-trade cost and risk. Andy Coyne, co-founder of Cobalt DL, stresses to Profit & Loss that the initial innovation that his firm will […]

CCP Risk, Resolution, Recovery Back in the Spotlight

Three papers have been released focusing on central counterparty (CCP) risk and how CCPs should be resolved or recovered in the event of a failure. The Committee on Payments and Market Infrastructures (CPMI) together with the International Organisation of Securities Commissions (Iosco) has issued a consultative report providing further guidance on certain aspects of the […]

Gorra Leaves BNP Paribas

Peter Gorra has left his position as head of FX trading at BNP Paribas in New York, Profit & Loss understands. Although a spokesperson for BNP Paribas declined to comment on the news, market sources indicate that Gorra has left the French bank, where he had worked since 2010.  Prior to that Gorra was head […]