Month: April 2019

The 2019 Digital FX Awards – The Winners

This year Profit & Loss decided to update the format and judging categories of our annual Digital FX Awards. The process remains subjective but we have not restricted ourselves to the narrow confines of previous years’ categories. Instead of many of the categories, we have created Awards for Excellence in e-FX, something that we believe […]

Hall of Fame 2019

Ian O’Flaherty “Smart, Adaptable and Fair” The evolution of the foreign exchange industry has seen it shift from a largely voice-driven business into one dominated by technology, but that successful transition could not have taken place without people like Ian O’Flaherty to bridge the gap, bringing their wealth of experience to bear on increasingly complex […]

Awards for Excellence in e-FX – UBS

Post Trade We have expounded long and in detail in the Multi Asset Class Platform Award about the all round excellence of Neo, but we cannot, and should not, forget the ongoing powerhouse that is the UBS post-trade initiative. Just as the evolution of the Neo platform has been described by us as a journey, […]

Awards for Excellence in e-FX – Goldman Sachs

Portfolio Algo Execution Goldman Sachs has rolled out its new algo product suite including its NDF hybrid algo – it had long offered an NDF TWAP strategy – but of more interest was its portfolio rebalancing and gamma algos. We go into the portfolio strategy in more detail in our Closer Look feature, but it […]

Awards for Excellence in e-FX – Deutsche Bank

Thought Leadership This is a totally new angle for these awards and, we feel, a real benefit of the more flexible approach we have taken this year. It is hard to know where to put Deutsche’s work in market structure research within our previous framework, but luckily this year the problem is solved. Execution quality […]

Awards for Excellence in e-FX – Credit Suisse

Agency Swaps The starting point for this award is that we think, finally, e-ratios in FX swaps are going to climb and also that at some stage there will be an ECN-type venue or venues servicing the major dealers. If that is indeed the case then at some stage inevitably thoughts will turn to the […]

Awards for Excellence in e-FX – Citi

Pulse It is fair to say, we think, that Citi’s Pulse is the ultimate corporate solution, so much so that this is the ninth year in a row it has won a Digital FX Award. As a workflow solution it is par excellence but its real strength lies in the nuances and flexibility around the […]

Awards for Excellence in e-FX – BNP Paribas

Next Generation Algo Execution While there may have been some questions over the ultimate ambition BNP Paribas’ board had for its FX business, there is no doubt that execution services has been viewed favourably – and it has showed in a series of excellent product innovations and roll outs over the previous few years. This […]