Day: 24 July 2020

Industry Bids Farewell to TradingScreen Founder Buhannic

Following news that industry veteran and founder and CEO of TradingScreen, Philippe Buhannic, has died, the Futures Industry Association (FIA) issued a statement, acknowledging Buhannic’s pioneering role in electronic trading. The statement, issued by FIA’s president and CEO, Walt Lukken, and the chairman of FIA’s board of directors, Jerome Kemp, the global head of futures, […]

The COVID Bill Comes Due with Q2 US GDP

All throughout the COVID-19 shutdown, everyone from talking heads to economists to politicians spoke about second quarter GDP in ominous terms – a data point that was way down the road at the time. So now here we are. The advance estimate of second-quarter GDP will be released Thursday morning, and it will be bad. […]

ACI FMA, NYCDL, File New Amicus Curiae in Johnson Case

As former HSBC FX cash trading head Mark Johnson takes his case to the US Supreme Court, ACI – The Financial Markets Association (ACI FMA) has filed a second Amicus Curiae to support his efforts to have his case heard and conviction overturned. Additionally, the New York Council of Defense lawyers (NYCDL), a not-for-profit professional association […]

Two FX Specialists Leave IHS Markit?

Industry sources tell Profit & Loss that two FX specialists have left IHS Markit. FX market veteran and director in the customer solutions business, Sue Attwood, is believed to have left, as have David Mallinder, director, FX sales at the firm. Attwood’s departure ends an 11-year career at the firm which started when she joined […]

Faryar Returns to ADSS

Hormoz Faryar has rejoined ADSS in the United Arab Emirates as head of institutional sales. He will  report to Khaldoun Sharaiha, global head of sales, who reports to chairman & CEO of ADSS. Faryar left ADSS in 2017 after almost six years at the firm, most latterly as head of institutional sales for the Middle […]

Cassini Systems, IHS Markit, Team Up for Automated Margining

Cassini Systems and IHS Markit have announced that they are partnering to automate the calculation of margin estimates within the latter’s ThinkFolio service. They claim that the collaboration will, for the first time, provide pre-trade analytics for OTC and exchange-traded derivatives directly within ThinkFolio. Global regulatory updates such as EMIR and Dodd-Frank have resulted in […]