Day: 21 November 2017

Cryptocurrency Firm Taps FX Expertise for Advisory Board

Cryptocurrency liquidity provider B2C2 has announced the appointment of Peter Nielsen, Ruth Wandhöfer and Phil Weisberg to its advisory board.
Nielsen was previously CEO of markets in the investment bank at RBS. Prior to RBS, he spent 10 years at Bank of America and Citibank in their FX businesses. Weisberg founded FXall and became global head of Thomson Reuters FX business when the company bought FXall – while Wandhöfer is a regulatory and fintech expert. Managing director and global head of regulatory and market strategy at Citi.

Drilling for the New Oil

If data is the new oil, then how trading firms “drill” it in order to generate alpha becomes increasingly important. Galen Stops reports.

So often has the phrase been used recently that it’s in danger of becoming something of a cliché but, apparently, data is the new oil.

To see evidence of this, look no further than the technology giants that have emerged out of Silicon Valley. Yes, Facebook doesn’t charge users money for the social media platform it provides, but is it free? Arguably, users “pay” with the data that they create via their interactions on the platform, which Facebook is then free to use and sell to generate profits.

MAS Issues Best Execution Consultation Paper

The Monetary Authority of Singapore has issued a consultation paper as part of its plans to formalise expectations for holders of a capital markets services licence, banks, merchant banks and finance companies to have in place policies and procedures to place to ensure best execution and to support fair outcomes for customers.
The consultation is in tandem with MAS’ earlier proposal for a market operator to have in place measures to facilitate its members’ execution of customers’ orders in the customers’ interests, and to ensure that its handling and execution of bids and offers is conducted on a fair and objective basis.

ACI FMA Creates Two Professional Education Roles

ACI Financial Markets Association (ACI) has announced the appointment of two additional professional roles to enhance its educational and attestation offerings.
Paul Chappell has been appointed director of education and will be supported by deputy director for education, Rui Correia.
Together, ACI says, the two men they will be responsible for delivering the association’s strategic educational initiatives to its global membership.
ACI says it has “gone through a period of evaluating and streamlining its vision and focus to reflect the current needs of financial markets and the individual members it represents”.