Day: 13 November 2019

Citi Launches Calculation Tool for UMR Requirements

Citi has launched a new tool to help buy side firms cope with the Uncleared Margin Rules (UMR) that are due to come into effect over the next two years. Financial institutions such as asset managers, pension funds and insurance companies are scheduled to come into scope of the regulations based on volume thresholds that […]

Barrow to Head Refinitiv’s Benchmark, Index Business

Refinitiv has appointed Shirley Barrow as global head of its benchmarks and index business. Barrow will report to Pradeep Menon, managing director of investing and advisory, as a member of the investing and advisory (I&A) proposition leadership team and will assume responsibility for Refinitiv’s benchmarks and index business, including the WM/Reuters business. Barrow joined Refinitiv […]

Crypto Association Launches Code of Conduct; Adds Members

The Association for Digital Asset Markets (ADAM) has published its Code of Conduct to promote integrity, fairness and efficiency in digital asset markets. The association says that the Code is intended to inform market participants on best practices and to complement, not replace, existing regulation and is part of a long-term effort to define and […]

Is It Time to Change the Credit Model in FX?

In a new video interview with Profit & Loss Rick Schonberg, global head of ForexClear product development at LCH, is unequivocal in expressing his view that the current credit model in the FX industry is due for a change. “The model definitely needs to change,” he says. “What’s interesting is that the BIS numbers —  […]

TradAir Hires Sears

TradAir has appointed Russell Sears as chief revenue officer. He joins the trading front end solution provider having most recently worked in the FX industry at State Street, where he had a 13 year career. Most recently, Sears was global head of Currenex sales – a role he left in March 2015, during his time […]

BIS Opens Innovation Hub in Singapore

As flagged in a release earlier this week, the Monetary Authority of Singapore (MAS) and the Bank for International Settlements (BIS) have officially launched the BIS Innovation Hub Centre in Singapore, marking what the BIS says is its first expansion of its global footprint in 17 years. The hub will, BIS says, foster innovation and greater collaboration […]

The CTA Conundrum

Amidst a period of poor performance by CTAs, speakers at Forex Network Chicago discussed how these firms should be adapting to a period of sustained low volatility. The panellists all agreed that a large part of the reason why CTA returns have been so low since the financial crisis — with the exception of 2014 […]

Brexit Uncertainty Not Hampering RMB Trading

Brexit uncertainty hasn’t stopped RMB trading activity in the UK reaching record highs, according to a new report published by the City of London Corporation. The report, London RMB Business Quarterly, shows that an average of £85 billion of RMB was traded in the UK on a daily basis in the second quarter of 2019, […]