Day: 9 July 2020

Mixed Data from Primary FX Venues

The three primary FX venues have all followed the first group of platforms to report average daily volume (ADV) with a month-on-month rise, however unlike the latter, year-on-year turnover is lower. EBS, which is owned by CME Group, reports ADV of $69.3 billion in June, a 22.2% rebound from the horrible May data, but still […]

US Initial Claims Slip, but Stay Above 1 Million

The pace of initial claims gains continues to astound, with COVID-19 cases surging in several states that are causing some restrictions to be put back into place. Initial filings fell further in the July 4 holiday week, but the weekly level of new claims remains well above one million more than three months after the […]

FSB, Basel Committee, Reinforce Libor Transition Message

The Financial Stability Board (FSB) and Basel Committee (BCBS) have published a report, Supervisory issues associated with benchmark transition, in which they observe that “continued reliance of financial markets on Libor poses clear risks to global financial stability”. The report acknowledges that transition away from Libor by end-2021 requires significant commitment and sustained effort from […]

InTouch FX Hires Elmer, Dack, for Asian Expansion

Real-time market intelligence firm InTouch Capital Markets has hired two FX market veterans, Todd Elmer and Keith Dack, for its InTouch FX service in Asia. The two new hires will work alongside the firm’s existing teams covering the European and US sessions and allow it to provide analysis on a 24-hour basis. InTouch Capital Markets […]

And Another Thing…

Something I get asked quite frequently is why I have such a dislike of last look, after all during my trading career it barely existed and anyone who did regularly “drop” others (that’s reject in modern day idiom) soon got a reputation they didn’t want (or the threat of a visit from some very “tasty […]

Glue42, LodeStar Ecosystems, Team Up

Desktop integration firm Glue42 and fintech LodeStar Ecosystems, have unveiled a formal partnership, which seeks to help sales and trading teams integrate their clients’ enterprise data sets across all applications on the financial desktop and apply real-time business intelligence to identify actionable opportunities. “Information overload is just the start of the problem,” says Alan Clark, […]

Burr Joins Sucden

Sucden Financial has appointed Alan Burr for LME metals and options trading at its Hong Kong subsidiary. The firm says the appointment will help enhance the Hong Kong hub’s market making to add liquidity in the region. He will primarily focus on LME metal products, including options and average price contracts, working directly with the […]