Day: 14 May 2020

Bank of Canada: Financial System “Resilient” and Coping

Canada’s financial system “remains resilient” in the face of Covid-19 and the oil price shock, with support from Bank of Canada policy, and strong private capital and liquidity buffers, even as the economic outlook remains uncertain, the central bank said Thursday. “Strong policies have put a floor under the economy and laid a strong foundation […]

US Initial Claims Dips Further

The rate of initial claims growth in the US slowed further in the May 9 week as backlogs are worked down, but there is no indication that the number of people receiving benefits will be pulling back anytime soon. The Labor Department reported Thursday that initial claims fell by 195,000 to 2.981 million in the […]

Volatility’s Comeback – The Infrastructure

At Profit & Loss Dial-In Day London on April 29th, the second session looked at industry infrastructure, notably, what was the number one takeaway from the events of February and March?  The second session looked at what panelists saw as the main challenges around connectivity, market data and messaging. David Lyons, COO of EuronextFX; David […]

State Street Collaborates for Hedge Fund Outsourcing Service

State Street Corporation has entered into an alliance with Coremont to provide fully integrated outsourcing services for hedge fund managers, covering front, middle and back office operations. The alliance combines Coremont’s portfolio management analytics and support with State Street’s asset servicing and administration capabilities to power the entire investment lifecycle from trading to risk management […]

Bitfinex, Koine, Launch Digital Assets Custody Solution

Digital asset exchange Bitfinex, and Koine, a digital asset custody provider, have launched an institutionally oriented post-trade service, enabling investors to mitigate counterparty risk and the use of private keys in the clearing and settlement of cryptocurrencies. Koine customers gain access to a post trade solution from a business licensed by the UK’s Financial Conduct Authority, a service specifically designed for […]

Global Reach Expands into Canada

Global Reach Group, which provides FX risk management and payment services, says it has acquired key elements of EncoreFX’s Canadian operation. According to the firm, this is the latest step in its international expansion plan, following its entry into Spain and the Netherlands in 2019. Founded in 2001 and headquartered in the UK, Global Reach […]

White House Watch: Fighters, Haters and Unsung Heroes

There is a basic problem in news coverage of the pandemic, the fact that the virus culture wars are much more interesting than the fight against the virus itself. When President Trump calls an answer from NIH’s Tony Fauci “unacceptable” as he did Wednesday, the president’s fans are cheering how he shows the know-it-alls – […]

And Another Thing…

We will take a quick break from the Fix – even though the debate continues apace – to look at something else that got my attention over the past week, something from our Frankfurt Dial-in-Day last week. I have always advocated for the FX industry to have leadership, preferably consensus-led, that allows it to engage […]