Day: 16 September 2019

Citi Restructures FX Business

Citi has announced a new management structure to best align its foreign exchange trading and institutional sales business under the Rates and Currencies umbrella. Under the new structure, trading will now align within four global product verticals: Linear FX (Spot and NDF Trading), Electronic Trading and Client Execution, STIRT and FX Options. In an email […]

The FX Market’s New Benchmark – $6.6 Trillion

The number used globally to measure the size of the FX market will be set at $6.6 trillion per day after the Bank for International Settlements (BIS) released the results of its Triennial Survey for Foreign Exchange Turnover. The BIS says that globally $6.59 trillion was executed daily across FX products in April 2019, a […]

The Inexorable Rise of the “Others”

A notable figure in this year’s Bank for International Settlements (BIS) survey of FX turnover highlights the increasingly important role of firms like retail aggregators in the FX market. While in the 2016 survey the “Other” category of the Other Financial Institutions segment of the report (this is largely the retail aggregator/prime-of-prime sector) was responsible […]

BidFX Taps Chan to Lead APAC Business

BidFX has appointed Wai Kin Chan as the company’s new head of APAC. Based in Singapore, Chan will be responsible for sales team leadership, driving sales growth in the region, as well as general management responsibilities across APAC. Prior to this appointment, Chan was the head of Asia Pacific distribution for XTX Markets for over […]

Fraser Handed COO Role at Lumint

Lisa Fraser has been appointed as the new COO of Lumint, a firm which manages passive commodity hedging and passive currency overlay programs for institutional investors and provides a technology service platform for the management of hedging mandates. Based in Boston, Fraser had been working as Lumint’s director of implementation since July 2018 prior to […]

FX: A Market Constantly Reinventing Itself

 David Puth, now a strategic advisor at R3, makes the case that the FX industry’s ability to constantly evolve makes it unique amongst financial markets. Profit & Loss: As you look back over the past 20 years of FX, what stands out in your mind with regards to the evolution of this market?  David Puth: […]