Day: 29 April 2020

Digital FX Awards 2020: Winners Announced

The winners of the 2020 Digital FX Awards were unveiled during a Zoom Happy Hour that followed Profit & Loss’ first ever Dial-in Day, which attracted over 500 attendees. For the seventh year in a row, UBS won Best Multi-Asset Class Platform for Neo, the bank also went home with four other Awards. Continuing what […]

Fed Chair Powell Holding on Tight, All in for Duration

The Federal Open Market Committee, echoed by Federal Reserve Chair Jay Powell, Wednesday signalled only firm determination to fight the damage from the economic shutdown, whatever it takes, reassuring the markets, Wall Street and Main Street it’s “not going to run out of money.” Powell, in his post-FOMC meeting news conference, acknowledged that the economic […]

Latest Profit & Loss Issue Now Live

The latest issue of Profit & Loss magazine is now live, click here to access it. In this issue we review the single dealer platform industry and discuss the latest innovations and ideas therein, as well as present the 2020 Digital FX Awards in full. FX market conditions are also in the spotlight as we […]

US Q1 GDP Contracts by 4.8%

The US economy contracted in the first quarter, as growth in January and February was more than wiped out by business shutdowns late in March, a trend that will likely carry over into the second quarter. First quarter GDP fell by 4.8%, compared with a 3.7% decline expected, with consumption and business investment the hardest […]

White House Watch: Structural Change Not Always Intentional

Huge disruptions, pandemics and wars, can cause fundamental changes down the line that were not anticipated and which were hard to recognise at the time. Which brings us to the Federal Reserve in this time of crisis. Wednesday afternoon Chairman Jerome Powell will be explaining to the world the policy statement that is released at […]