Day: 25 June 2020

US Initial Claims Slow: Durable Goods Orders Surge

The massive amount of US data released simultaneously Thursday ultimately showed that the rate of claims declines continued to slow even as economic activity picked up in the manufacturing sector. US initial jobless claims filings fell further in the June 20 week, but the level of new filings remains well above one million more than […]

Cboe FX Launches New CLOB

Cboe FX has unveiled Cboe FX Central, a central limit order book (CLOB) that, according to the company, “rewards liquidity providers in real time for the value they provide”. The launch is scheduled for June 29 and will cover EUR/USD, USD/JPY, Cable, AUD/USD, USD/CAD, USD/CHF and USD/CNH. Under the new model, participants receive market data […]

P&L Talk Series – Morgan Stanley

The last three months have seen the foreign exchange market faced with unprecedented challenges and while the general sense is that the industry handled matter well, what was it really like in the eye of the storm? Colin Lambert talks to Melanie Cristi, head of FX market structure and client content; Matt Thomas, global head […]

Hedge Funds Up in May, CTAs Flat

Hedge funds enjoyed a reasonable May according to the Barclay Hedge Fund Index, which rose 2.74%, the index remains in negative territory for the year, however, at -4.67% All 30 sub-indices were up for the month, led by the Emerging Markets Global Fixed Income Index at +6.03%, however year-to-date only six are positive – unsurprisingly […]

And Another Thing…

I first wrote about the use of client ‘tags’, especially pre-trade, in 2017; along with last look they comprised a solution that was ripe for abuse by the wrong sort of liquidity provider. You can imagine then, that I was pleased to see that Euronext FX has made the subtle switch of having liquidity consumers […]