Month: April 2019

End of an Era as Roberts Retires

Micky Roberts has retired from Citi in London where he was on the hedge fund sales desk. His last day was Friday April 26. Roberts started in the foreign exchange market in 1978 at voice broking firm MW Marshalls and rose through the ranks to run the USD/DEM desk which was, at the time, the […]

GlobalLink CTO Set to Depart

Harsha Bhat is set to leave his role as senior vice president and CTO of GlobalLink at State Street. In this role he was responsible for overseeing the technology underpinning the Currenex, FX Connect, Fund Connect and Trade Services, managing an engineering department of over 150 people. A spokesperson for State Street confirms Bhat is […]

Traiana Offers FXPBs Additional Risk Control

Traiana has made changes to its Credit Risk Hub that will enable FX prime brokers (FXPBs) to define trade information in more detail in order to increase credit risk controls and reduce the risks of credit over-allocation. Traiana’s Credit Risk Hub comprises two services; Designation Notice Manager (DNM), which helps FXPBs establish, monitor, amend and […]

Brusso Leaves ICE

Scott Brusso has left ICE Futures US, where he was senior director, FX and metals. Although a spokesperson for ICE declines to comment on Brusso’s departure, Profit & Loss understands that the FX business at the exchange is now being led by Matthew Ryan, a senior director who has traditionally been focused on the soft […]

BidFX Adds Standard Chartered Algos

BidFX has added Standard Chartered Bank’s (SCB) full algo suite to its platform. John McGrath, chief revenue officer at BidFX, comments: “SCB are a leading liquidity provider on the BidFX platform and the expansion to add their algo suite has been very well received by the institutional buy side currently using BidFX. The evolution within […]

Mosaic Completes $9m Investment Round

Mosaic Smart Data, which offers real-time data analytics for FICC, has completed a $9 million investment round co-led by CommerzVentures and Octopus Ventures and including JP Morgan – an existing investor and client. Mosaic’s technology cleanses, normalises and enriches raw data, providing a consolidated real-time view and analysis across the flows of market activity. The […]

In the FICC of It

After a week-long absence Profit & Loss‘ managing editor, Colin Lambert, and editor, Galen Stops, are back on the airwaves to discuss some of the most eye-catching items in the news recently. They begin with some reader feedback from stories published last week. Firstly, a story about the attempt by a futures exchange to introduce […]

A Closer Look At: Real-time Transaction Cost Estimation

Morgan Stanley’s Matt Thomas, global head of MSET macro sales, and Jian Chen, head of quantitative solutions and innovations (QSI), explain how transaction cost analysis (TCA) is evolving into a real-time estimative framework tool. Profit & Loss: Talk to me about how you see transaction cost analysis (TCA) evolving in the FX space? Jian Chen: […]

Moore Set to Launch Buy Side Matching Platform

Jay Moore has officially announced his plans to launch a new buy side-to-buy side matching platform for passive FX hedging programs. The new platform, where Moore will serve as CEO, is called FX HedgePool and is designed to allow institutional investors to trade directly with one another. “For 20 years I’ve been developing products built […]