Digital Gamma announced today its newest offering, TPR (Tri-Party Repo). The firm says that by using the TPR protocol, two counterparties can engage in a borrow/lend transaction with greater transparency and reduced capital requirements, lowering risk and cost as compared to current market solutions. Ari Pine, co-founder of Digital Gamma, says: “Repo sits at the […]
Neuberger Berman is launching a new FX-focused macro fund. The Neuberger Berman Macro Opportunities FX Fund aims to deliver positive returns of 5–6% in excess of cash per annum before fees, primarily by exploring relative value across G10 currencies. The firm says that the fund’s investment strategy is based on an established process, which has […]
Northern Trust hired David Byne and William Hartnett for its global FX solutions practice in North America. The bank says that the pair will be responsible for driving growth across the full range of FX solutions at Northern Trust, including algorithmic trading, currency management and its outsourced end-to-end FX dealing service, CompleteFX. Based in New […]
The latest Bank for International Settlements (BIS) Quarterly Review provides execution method data relating to the recent Triennial Survey of FX Turnover and finds that while e-ratios generally are stable there have been some significant shifts in the channels handling the volume. Perhaps significantly, the report also picks up on what the authors says are […]
