Day: 21 October 2019

Jump Taps Cahill for Digital Asset Sales

Michael Cahill has joined Jump Trading in a digital asset sales role. Based in London, Cahill joins after more than two years at Cboe FX in a sales role. Before that, he was the global head of FX sales at KCG in New York for three years and also had a stint at Nomura as […]

BIS Report Warns Stablecoins Pose Risks for Financial Stability

The Bank for International Settlements (BIS) has issued a new report, warning that stablecoins – a type of cryptocurrency whose value is linked to a pool of assets in order to achieve price stability – could pose risks to the stability of both financial markets and the real economy. The report opens by acknowledging that […]

And Finally…

This column is going to sound like it was written for a journal offering something to the left of Stalinism, but some things need to be said and asked. So let’s ask the question – is the UK’s Serious Fraud Office’s dropping of the Libor investigation yet another example of how senior managers are getting […]

Spotex Unveils Multilevel Credit Solution

Spotex has released Periscope, a new multilevel credit and margin management module that enables prime brokers and prime-of-prime brokers (PoPs) to extend credit and/or margin to multiple levels of downstream, sub brokers. The solution is a specially built risk engine within Spotex’s white-label broker technology system and institutional ECN. It aggregates and monitors both credit […]

UK Shuts Down Libor Investigation

In something of a surprise move the UK’s Serious Fraud Office (SFO) has announced the closure of its investigation into Libor manipulation, which has been going on since 2012. The SFO says in a statement, “Following a thorough investigation and a detailed review of the available evidence, there will be no further charges brought in […]