Day: 3 February 2020

Platform Volumes Recover in January

As to be expected the first round of FX platforms to provide volume data indicate that turnover increased from December, however two of the three did show a year-on-year decline. CboeFX says average daily volume (ADV) on its FX platforms was $33.6 billion, a 12.4% increase from December, but a 6.7% decline from the previous […]

And Finally…

There is so much happening at the moment it’s hard to know where to start, so let’s kick off with the good, before moving to the cynical. First up, hearty congratulations to Martyn Mead, who left Barclays, and, I understand, the FX industry, last week after four decades, the majority of which he spent at […]

FX Global Code: Adoption Grows

The 2019 Global Foreign Exchange Committee (GFXC) survey of attitudes towards the FX Global Code finds that satisfaction with the document remains high and that adoption is growing. The latest survey had 354 respondents, up from 303 in 2018 and as with the previous survey the majority came from Asia Pacific with 44%, namely Singapore […]

Caramanli Joins Ion

Profit & Loss understands that Hishaam Caramanli, global head of e-commerce at UBS, has joined trading software provider Ion as chief product officer. Caramanli leaves UBS after a 10 year career, during which he led the team that developed the bank’s multi-award winning single dealer platform Neo. Prior to that he worked for almost eight […]

P&L Talk Series with EBS’ Chris Soriano

Chris Soriano, executive director, head of cash emerging markets, Americas at EBS, will be speaking at the Profit & Loss Latin America event in Mexico City on March 25. Ahead of the event, he discusses the key opportunities and challenges facing firms trading NDFs, both in LatAm and globally. Profit & Loss: What do you […]