Day: 17 September 2018

Puth to Step Down as CEO of CLS

David Puth is stepping down as the CEO of CLS after leading the company since 2012.

Chairman Kenneth Harvey will act as interim CEO until a successor is named. Puth will remain with CLS through 30 November to ensure a smooth transition.

While Harvey serves as interim CEO, CLS independent director Bryan Osmar and director Rick Sears will assume the responsibilities of chairmen of the board of CLS Group Holdings and CLS Bank International. CLS has retained an executive search firm and is evaluating candidates for the CEO role.

360T Expands its Algo Suite

360T has announced the expansion of its algo suite.
“The need to enhance our integrated solutions with the continued innovation of our bank partners has never been more important for our clients, we are excited about this investment – now with over 60 Algo strategies, this will ensure our customers have access to market leading solutions in their execution decisions, as part of their 360T solution,” says Carlo Kölzer, CEO of 360T.
The 360T Algo suite is integrated into clients’ existing workflow via 360T TEX and the 360T EMS, which offers advanced workflow solutions, liquidity and compliance tools to the institutional and corporate market.

BNP Paribas Continues Adding to G10 FX Options Desk

BNP Paribas has appointed Baris Temelkuran as global head of G10 FX options trading.

Based in London. Temelkuran joins the G10 FX management committee and reports to Neehal Shah, global head of G10 FX trading.

Baris joins from Goldman Sachs, where he worked for 12 years, most recently in charge of its G10 and emerging market FX exotic options trading globally.

In addition to Temelkuran, BNP Paribas has also added to its G10 FX options trading business with three further hires over the summer. Karim Javeri and Richard Collins joined the bank from Citi, and Adam Baines joined from Credit Suisse. All three are options traders and will report to Temelkuran.

Is the FX Global Code of Conduct Working?

The FX Global Code is now over one year old and is generally seen to have been a success in establishing a blueprint for conduct in the markets. The number of firms adopting has been steadily growing but at such an uneven pace that some are wondering exactly how successful it will be? Next week’s Forex Network Chicago conference will kick off with an armchair debate and a panel session looking at the impact of the Code from two perspectives.

And Finally…

It is widely believed that it is inevitable that technology will assume more control of the decision making in markets, but I for one, hope it does not, for I don’t believe the outcome would be particularly good. At the moment technology dominates the execution of strategies, but the decision making is still a more balanced process with the human very much involved – which to me is a good, because what we need is a good blend of human and machine if we are to continue to see risk takers.

And Finally…

It is widely believed that it is inevitable that technology will assume more control of the decision making in markets, but I for one, hope it does not, for I don’t believe the outcome would be particularly good. At the moment technology dominates the execution of strategies, but the decision making is still a more balanced process with the human very much involved – which to me is a good, because what we need is a good blend of human and machine if we are to continue to see risk takers.

And Finally…

It is widely believed that it is inevitable that technology will assume more control of the decision making in markets, but I for one, hope it does not, for I don’t believe the outcome would be particularly good. At the moment technology dominates the execution of strategies, but the decision making is still a more balanced process with the human very much involved – which to me is a good, because what we need is a good blend of human and machine if we are to continue to see risk takers.

And Finally…

It is widely believed that it is inevitable that technology will assume more control of the decision making in markets, but I for one, hope it does not, for I don’t believe the outcome would be particularly good. At the moment technology dominates the execution of strategies, but the decision making is still a more balanced process with the human very much involved – which to me is a good, because what we need is a good blend of human and machine if we are to continue to see risk takers.

And Finally…

It is widely believed that it is inevitable that technology will assume more control of the decision making in markets, but I for one, hope it does not, for I don’t believe the outcome would be particularly good. At the moment technology dominates the execution of strategies, but the decision making is still a more balanced process with the human very much involved – which to me is a good, because what we need is a good blend of human and machine if we are to continue to see risk takers.

And Finally…

It is widely believed that it is inevitable that technology will assume more control of the decision making in markets, but I for one, hope it does not, for I don’t believe the outcome would be particularly good. At the moment technology dominates the execution of strategies, but the decision making is still a more balanced process with the human very much involved – which to me is a good, because what we need is a good blend of human and machine if we are to continue to see risk takers.