Month: October 2020

A Message from Julie Ros, Founder of Profit & Loss

Dear Readers, Profit & Loss has weathered many storms over the past 21+ years, including the tech bubble burst in 2001-2002, the depressed market environment following 9-11, and the global financial crisis of 2008-2009, but the current and ongoing global pandemic has caused challenges to our international events business that are outlasting our ability to […]

And Finally…(literally)

At one stage I did plan to make this more humorous by expressing my support for extended last look times, the re-cycling of liquidity, the increased blurring of lines between retail and institutional and, of course, a shorter Fix window – all as part of what would be the world’s most misleading job application. I […]

Deutsche, Primetals, Agree ESG Derivative Framework

Deutsche Bank and Primetals Technologies have reached agreement on what they claim is the world’s first hedging concept that links currency options to sustainability goals. The framework agreement enables Primetals Technologies to hedge its currency risk with FX options with the bank over a period of four years. Should Primetals Technologies fail to meet the […]

Euro-Area Economic Sentiment Stagnated in Oct

The recovery in economic sentiment for the euro-area economies, which had been improving steadily since May stalled in October, according to the latest report Thursday from the European Commission. The Economic Sentiment Indicator (ESI) for countries sharing the euro was 90.9 in October, matching the level recorded in September, with the same dynamic seen for […]

ECB Leaves Policy Unchanged; Suggests Dec Easing

The European Central Bank (ECB) made no changes to its monetary policy at its rate-setting meeting on Thursday, but suggested that a package of easing measures could come before year end. Unusually, the Governing Council opened its press release by acknowledging the perilous state of the eurozone economy: “In the current environment of risks clearly […]

ECB Tees Up Dec Easing; Leaves Policy on Hold

The European Central Bank (ECB) Thursday pledged to “recalibrate” its monetary policy by the end of the year, but left the door open to an emergency consultation of its rate-setting body should the economic picture darken ahead of the regularly scheduled December meeting. ECB economists “are already at work” in adjusting forecasts to reflect the […]

Capitolis Continues to Build Team

Capitolis announces the hire of two more staff for its team. Alex Dubost joins as business development director, and Meshi Peer joins as director of engineering. Dubosts was most recently EMEA sales and client relationship director at RESET, previously NEX RESET, now part of CME Group. The company reports that it has added 12 new […]

CMC Markets Joins Gold-i Network

CMC Markets Institutional, which provides liquidity and white labelled trading services, is extending its liquidity distribution through a partnership with Gold-I, the company reports. Brokers, banks and hedge funds using Gold-i’s multi-asset liquidity management platform, Matrix, can now access nearly 10,000 instruments from CMC across a range of asset classes at competitive rates. In addition to […]

FOMC Apt to Stand Pat, But Future Fissures Emerging

The Federal Reserve is about to hold its second Federal Open Market Committee (FOMC) meeting under its new monetary policy framework amid strange and rapidly changing circumstances. No policy change is likely on November 5. In other words, the FOMC will almost certainly leave the federal funds rate in the zero to 25 basis point […]

US Q3 GDP Rebounds by 33%

As expected, the US economy rebounded in the third quarter, with strength in consumption supplemented by rebounds in the fixed investment categories. Third quarter GDP rose by 33.1%, compared with the 30.9% increase expected, the Commerce Department reported Thursday. Still, GDP was down 2.9% from the third quarter of 2019, an indication of the impact […]