Day: September 17, 2019

Blockchain Firms Partner for FX Swaps Settlement

Fnality and Finteum are partnering to deliver a blockchain-based solution for settling FX swaps transactions. Finteum leverages R3’s Corda platform to create a global financial market for intraday liquidity. It aims to give market participants a shared data record of their orders and trades, meaning that settlement will not fail and it will be easier […]

CFTC Names DeWitt as Head of Market Oversight Division

Dorothy DeWitt has been appointed as director of the Division of Market Oversight at the US Commodity Futures Trading Commission (CFTC). In this role DeWitt will be responsible for the CFTC’s supervision of derivatives platforms and swap data repositories, including the evaluation of new platform-traded products. “I am excited Dorothy will soon be joining our […]

Ziccarelli Joins Symbiont

Symbiont, an enterprise fintech company that builds financial markets infrastructure using blockchain technology, has hired Joe Ziccarelli in New York to work in its FICC group. Symbiont’s FICC team leverages Symbiont Assembly – which is a blockchain platform designed to create efficiencies, eliminates manual data replication and reconciliation processes, and enables real-time data sharing with […]

US Charges Former JPM Traders with Spoofing

The US Department of Justice and Commodity Futures Trading Commission (CFTC) have charged five traders with spoofing and market manipulation offences in precious metals. Gregg Smith, Michael Nowak and Christopher Jordan were all charged for their alleged participation in a racketeering conspiracy and other federal crimes in connection with what the authorities claim was the […]

The Money Makers

Galen Stops talks to some veteran currency managers about generating returns in a world of reduced FX trends, increased regulation and evolving investor demands. Talking to individuals that have been actively trading in the foreign exchange market since Profit & Loss was launched in 1999 – and in some cases before then – it is […]