Day: 16 June 2020

To Cross, or Not to Cross?

It is one of the oldest questions facing a trader – how best to work out of a position involving two currencies that are rarely, if at all, supported by most market participants. In the deep and distant past, when FX markets were predominantly voice-traded and risk was managed on a deal-by-deal basis, this question […]

BofA Fund Manager Survey Sees Cautious Optimism

Global investors polled in June were cautiously optimistic about world growth, but wary that a second wave of COVID-19 could weigh on economic prospects, according to the findings of BofA Global Research’s monthly fund manager survey, released Tuesday. In June, a net 61% of fund managers looked for global growth to strengthen in the coming […]

US May Retail Sales Surge 17.7% on Re-Openings

As social distancing eased in May, retail sales and industrial production rebounded from sharp declines in April. Motor vehicles were key to both series. The May rebounds are not a surprise and should continue in June as more state restrictions are reduced. The concern is the fall, when the second stage of the virus is […]

GSR Expands Global Trading Leadership Team

Digital asset trading and market making firm, GSR, today announces the appointment of Aman Bhalla as director of trading operations and Meng Hwee Neo as director of trading, Asia. Bhalla and Neo are the latest to join the GSR team, which includes executives from firms including Goldman Sachs, TwoSigma and Tower Research. According to a […]

Hilgers to Run Cash Markets for Deutsche Börse

Paul Hilgers will become managing director of Deutsche Börse’s cash market business on 1 September. He will report directly to Thomas Book, executive board member of Deutsche Börse Group. From 1 July, Book’s area of responsibility, Trading & Clearing, will encompass all of Deutsche Börse’s trading and clearing platforms. In addition to the cash market, […]

Liquidity Connect Names Holbrook CIO

Connectivity provider Liquidity Connect has named Raymond Holbrook as its new chief information officer. He joins from OneZero Financial Systems where he was global director of IT. During his near six-year tenure at OneZero, Holbrook designed, planned, and implemented new Equinix Data Centre locations in London-LD4, Hong Kong-HK1 and Tokyo- TY3 and managed the day […]

INTL FC Stone Adds NDFs on Integral

INTL FCStone has begun trading NDFs on Integral’s BankFX Platform – the firm says NDFs were added in order to meet growing client demand and will be supported by Integral’s new streaming NDF workflow, along with its established Request for Stream functionality. Initially, the firm will support the Brazilian real (BRL), the Chilean peso (CLP), […]

Connecting the Dots

With 90% of the data that exists in the world having been created in the past two years – will this continue to grow exponentially? If so, what are the challenges for different industry participants? Christoph Hock, head of multi-asset trading at Union Investment Privatfonds GmbH; Nico Weinert, electronic FX quant trader at Deutsche Bank; […]