Day: 1 June 2020

US Manufacturing Contraction Slowed in May

The May ISM index Monday showed US manufacturing sector activity contracted further, but at a slower pace, in line with the regional and Markit data. Survey respondents in the ISM report noted while COVID-19 continues to weigh heavily on business activity, there were improvements seen in May due to some states reopening. As more states […]

FX Volume Recovers Slightly in May

After a largely expected pull back from the heights on March in April, the first group of FX platforms to report average daily volume (ADV) for May indicate that there was, with one exception, a small increase in trading. FXSpotStream reports ADV of $36.1 billion for May, a 6.3% increase on April and up 3.5% […]

24 Exchange Names Directors, Advisory Board Members

24 Exchange has announced the appointment of Tim Cartledge and Steve Resnick to the its Board of Directors, bringing its membership to five. In addition, the company has created a Board of Advisors and appointed Jose Marques and Marty Pompadur as its first two members. Cartledge has held directorships at BrokerTec, NEX SEF and EBS, the primary trading venues for the US Treasury and […]

What are the Best Tools in the Toolbox?

Sophisticated trading and analytics tools can inform and improve execution. From AI to Algos to Blockchain to Data Analytics and FinTech – what should today’s investment community be considering in the hunt for alpha? At Profit & Loss Dial-In Day New York, Colin Lambert, managing editor at Profit & Loss, led a discussion with David […]