Day: 24 May 2018

Hall of Fame 2018

Steve Flanagan
Global FX e-Commerce Risk Manager, JP Morgan
“Work Ethic and Vision”

Stephen Flanagan’s career should be held up as the textbook example of the successful evolution of FX. Having come to banking in 1979 – he celebrates 40 years with JP Morgan next year (certainly one of the most tenured individuals in the bank we’re told) – his career evolved from the traditional, spot voice trader, to taking a lead role in the development of electronic trading at one of the industry’s premier FX firms.

XTX Establishes e-Trading Facility in Singapore

Trading firm XTX Markets’’ Singapore entity is building a new FX pricing and trading engine which will go live in Equinix’s Singapore SG1 data centre in June 2018.
XTX says it believes that the SG1 build-out will enhance the e-FX trading experience for XTX’s counterparties in the region and in turn, help increase participation rates and volumes for e-FX activity conducted within Singapore to benefit the regional FX market ecosystem.
“Under the Financial Services industry transformation map (ITM) introduced in October 2017, MAS aims to enhance the e-FX trading infrastructure to improve market transparency and facilitate price discovery of FX trading in the Asian time zone,” says Alan Yeo, executive director, Monetary Authority of Singapore (MAS).

Mosaic Adds Two

FICC data analytics company Mosaic Smart Data has added two finance and technology experts to its executive team.
Stephen Caplen joins as chief financial officer (CFO) and John Showell becomes the company’s new chief operating officer (COO).
Caplen was most recently deputy group CFO at interdealer broker Icap and has also held posts as CFO at EBS and deputy head of finance at the London Stock Exchange.
Showell, meanwhile, was last at ION Trading, where he was client services director.

And Another Thing…

I do tend to give press releases about crypto the most perfunctory of glances – often because it’s yet another firm claiming to be taking a new and innovative approach when it is nothing of the sort. So when I saw the headline, “Crypto Prices Driven Purely By Mood of Investors” I gave the press release a minute or two fully expecting to bin it. I didn’t, because firstly market psychology fascinates me (I know – I need to get out more) but also because the findings of the research stressed both the challenges and opportunities afforded by crytpocurrencies.