Day: 31 July 2019

And Another Thing…

In what can only be described as a plea for sanity, this very brief column has only one message – get over it people! In an absolute shocker (yes, that is sarcasm), a group of banks are being sued in the UK over FX manipulation and the use of chat rooms. This seems to have […]

French Given Expanded Role at Traiana

Profit & Loss understands that Steve French has been promoted to senior director, head of product for Traiana. Based in London, French will report into Joanna Davies, who was named as the global head of Traiana earlier this year. Prior to this new role, French was head of connectivity and messaging at the firm. Prior […]

Battye Retires from Russell

Ian Battye has retired from Russell Investments, after 16 years with the global asset management firm. A spokesperson says that Battye, who was based in Seattle, left the company in April. At the time of his departure, Battye was the CIO for the firm’s currency business, responsible for a global team managing currency hedging and […]

Kraken Acquires Digital Asset Reconciliation Platform

The digital asset trading platform Kraken has acquired Interchange, an accounting, reconciliation and reporting service provider for cryptocurrency hedge funds, asset managers and fund administrators. “The transaction creates the world’s first end-to-end crypto trading and reconciliation platform, and brings Interchange co-founders and well-respected crypto veterans Dan Held and Clark Moody to Kraken,” says Kraken in […]

CLS Launches Same Day Settlement Service

CLS has unveiled CLSNow, a same day settlement service that was first mooted in September 2017. The bilateral, same-day FX gross payment-versus-payment (PvP) settlement service has been launched with JP Morgan and Goldman Sachs as the first banks to go live. The firm says CLSNow enables banks to exchange currency positions with mitigated settlement risk […]