Day: 8 January 2020

P&L Talk Series with TradAir’s Vibhanshu Bahuguna

Profit & Loss talks to Vibhanshu Bahuguna, regional manager, APAC, at TradAir, about how technology is changing the FX businesses of regional banks, how firms should be differentiating between various white label product offerings and where to expect growth amongst EM currencies. Profit & Loss: The latest BIS figures show that the volume of FX […]

AlgoTrader Completes Series A Funding Round

AlgoTrader, a Swiss-based firm offering algorithmic trading software solutions for quantitative hedge funds trading equities, FX, derivatives and cryptocurrencies, has completed a CHF 3.7 million ($3.81 million) round of financing from institutional investors. The firm says that this series A funding round was led by a global tier one bank, but is declining to disclose […]

Refinitiv Volumes Show Slight Uptick in December

The total average daily volume (ADV) of spot FX traded across Refinitiv’s platforms in December 2019 was $78 billion. This is a slight increase from the $75 billion of ADV that it reported in November 2019, but down 13.3% from $90 billion in December 2018. This trend is consistent with other platforms that have reported […]

Invast Global to Hold Global Charity Day for Australian Bushfire Crisis

Australia-based prime broker, Invast Global, will donate 100% of the trading commissions generated on Friday, January 31st, to the New South Wales Rural Fire Service (NSW RFS). The donation will directly benefit volunteer firefighters and families who have lost their homes to the horrific bushfires, the company says. Australia is currently experiencing its worst ever […]

HKEX’s OTC Clear Granted Regulatory Approval in Japan

Hong Kong Exchanges and Clearing’s (HKEX) subsidiary, OTC Clearing Hong Kong (OTC Clear), has received approval to offer client clearing services to banks in Japan. OTC Clear was set up in 2013 to provide OTC derivatives central clearing services. Profit & Loss reported last year that OTC Clear had identified FX as a growth area […]