Day: 16 September 2020

Retail Sales Growth Slows Further, Up 0.6% in August

Retail sales rose for the fourth straight month in August, but the pace of growth continues to slow as the initial post-shutdown burst is running out of strength. Total retail sales rose by 0.6%, below the 1.0% gain expected and following a 0.9% gain in July. Sales fell due to COVID in the spring before […]

Single Dealer Platforms – Coming Full Circle

Following the launch last week of FX Inside 7.0, in this supported article Colin Lambert talks to Vikas Srivastava, chief revenue officer of Integral, about why the single dealer platform is suddenly getting more attention and why FX Inside is different. Colin Lambert: FX Inside is very much aimed at the banking and broking community […]

CLS Volumes Flat in August

As was the case with the major FX trading platforms to report average daily volume, activity on CLS was also broadly flat in August, but down year-on-year. The settlement utility handled $1.649 trillion per day in August, a fraction down from $1.657 trillion in July, but down 5.8% year-on-year. FX swap volumes were $1.188 billion […]

BNY Mellon Names Vince CEO of Global Market Infrastructure

Bank of New York Mellon (BNYM) has appointed Robin Vince as vice chair of the bank and CEO of its Global Market Infrastructure group. Effective, 1 October, Vince joins from Goldman Sachs where he was chief risk officer and a member of the bank’s management committee – he will report to Todd Gibbons, CEO of […]

Survey: Financial Industry Remains Unprepared for UMR

A new State Street survey finds that although the uncleared margin rules (UMR) represent a “monumental change” in the OTC derivatives industry, a large majority of the firms remain unprepared for the compliance as well as the operational challenges associated with the new workflows. The bank says 81% of institutions with a September 2021 (Phase […]

Gill Exits Barclays?

Market sources tell Profit & Loss that Singapore-based Pritpal Gill, head of FX cash and options trading for Barclays in Asia-Pacific, has left the bank. Gill joined Barclays at the start of 2019 as part of a build out of the bank’s FX business, following the hire of Fabio Mudar as global head of FX […]

Fund Managers Upbeat on World Growth; Bullish Equities

Global investors polled in September remained upbeat about world growth prospects and bullish towards equities, according to the findings of BofA Global Research’s monthly fund manager survey. This month, a net 84% of fund managers looked for global growth to strengthen in the coming year, the highest level since September 2003. This compared with a […]

BNP Paribas, Digital Asset, Roll Out DLT Apps

BNP Paribas Securities Services has announced a new partnership with Digital Asset to design a number of real-time trade and settlement apps using DAML smart contracts. The new apps will provide market participants in Asia Pacific with real-time access to the Australian Securities Exchange (ASX) and Hong Kong Exchange (HKEX)’s anticipated DLT -based trading and […]

VolatilityFX to Offer Free Options Analytics

FX options technology provider VolatilityFX says it is offering free FX options analytics to independent traders. The service will offer implied volatility surfaces, expected value surfaces and strike matrices, the firm says. The service overlays a subscription-based service that offers a full options pricer, 3D risk matrices and what the firm calls a systematic trade […]