Day: 7 January 2019

And Finally…

Welcome to 2019 – may it be a happy and successful 12 months for you all.
The nice stuff out of the way, let’s revert to type – and talk about the prospects for destruction of the euro.
I have read quite a bit over the past two weeks about how the euro enters it’s 20th year on shaky ground and while I don’t actually agree with the analysis, or the fact that the euro may implode in the coming five years, one has to say there are issues bubbling away that may present challenges to the EU as it seeks to reach the drinking age in most US states in one piece.

TCA is dead….long live TCA…

“It may be hard for an egg to turn into a bird: it would be a jolly sight harder for it to learn to fly while remaining an egg. We are like eggs at present. And you cannot go on indefinitely being just an ordinary, decent egg. We must be hatched or go bad.”—C. S. LewisTransaction cost analysis (TCA) as we know it has already begun to go bad. Its origins in FX were really to allow asset managers to show their clients that their FX executions were in the right ballpark, but the new breed of buy-side FX traders (many of whom have moved from the sell-side) are looking for much deeper insights, such as:

Cboe Announces Management Changes in Wake of Concannon Departure

Cboe Global Markets has announced a raft of senior management changes following the news that Chris Concannon is set to leave the firm, where he currently holds the position of president and COO.Chris Isaacson, currently executive vice president and chief information officer, will become executive vice president and COO, reporting to chairman and CEO, Ed Tilly. In addition, Eric Crampton, currently senior vice president and global head of software engineering, will become senior vice president and CTO, reporting to Isaacson. Tilly will add the title of president to his current role, a position he previously held from 2011 to 2013. These appointments will be effective January 14.

OTCXN Signs OSL as Crypto Liquidity Provider

OTCXN, a blockchain-powered capital markets infrastructure company, announced that OSL, an OTC digital asset brokerage company in Asia-Pacific, has joined its network as a liquidity provider. “We are extremely pleased to have OSL join our network as a core liquidity provider. Having a major market participant like OSL providing liquidity on our network is a testament to the strength of our core value proposition – eliminating trading counterparty and settlement risk. The presence of key market participants like OSL accelerates market adoption and expansion of the OTCXN network to reduce risks and efficiently scale crypto trading across the entire ecosystem. We look forward to working closely with OSL to serve our mutual clients,” says Rosario Ingargiola, CEO and founder of OTCXN.