Day: 15 May 2020

Fewer Data Points in Next Week, But Not Less Negativity

After an overflow of data Friday, there is a breather coming in the May 18 week, but that doesn’t mean there won’t be anything for markets and analysts to focus on. Housing data takes up much of the schedule, starting with the National Association of Home Builders’ Housing Market Index for May on Monday. Last […]

Crisis Continues: US April Retail Sales Down 16.4%

Social distancing continued in April, cutting further in almost every retail sale category, data released Friday morning showed. At the same time, industrial production posted another sharp decline and the May Empire State index reflected further, though shallower, contraction in the hard-hit region. Total retail sales fell by 16.4% to start off the second quarter, […]

CLS, SGX Report April Activity

CLS Group says the average daily traded volume (ADV) submitted to it was $1.55 trillion in April, down 29.4% from March. This represents the lowest reported ADV by CLS since December 2017. FX swap volume was $1.085 trillion per day in April, a 20.1 drop from March and down 5.4% year-on-year. Outright forward activity was […]

Does the World Look Different Now?

To view the video please log in to the site In a one-on-one interview during Profit & Loss Dial-In Day London on April 29th, David Mercer, CEO of LMAX Group, which operates multiple institutional exchanges for FX and crypto currency trading, including LMAX Digital, based in the UK, discussed pre- and post-pandemic markets with Profit […]

FairXchange Nabs Morgan Stanley QSI Head

Execution analytics firm FairXchange has made a statement with the hire of the head of Morgan Stanley’s client-facing quant team, Jian Chen, to be its head of data science. At Morgan Stanley, Chen worked within the bank’s highly-regarded QSI team where he focused on developing data-driven trading analytics, including its real-time TCA offering QSI React. […]

WHW: The Truth about Dr Bright and the President

When Jack Nicholson ad-libbed, “You can’t handle the truth” in that 1992 movie it became one of those phrases that assumed a life of its own, used long after in contexts far removed from the original plot. The Nicholson character’s truth proved to be irrelevant, part of a strident defence that did not prevent his […]

Volatility’s Comeback – What Did We Learn?

Are we witnessing a fundamental change in how FX markets operate? That was one of the key themes discussed by panellists during the first session of Profit & Loss Dial-In Day London, which took place on April 29th. The first session looked at what we learned during recent volatile markets from traders’ perspectives as Logan Campbell, global […]

Did FinTech Rise to the Challenges of Recent Events?

In last month’s Profit & Loss Dial-In Day London, industry experts looked at how fintech firms addressed the challenges of recent events. Panelists John Ashworth, CEO of Caplin Systems; Harpal Sandhu, CEO of Integral; and Rich Kiel, SVP and head of FX solutions at Kx during Profit & Loss Dial-In Day London. The panelists also […]