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New Paper Seeks to Quantify CTA Risk Management Expertise A new white paper by CTA Campbell & Company and authored by Kathryn Kaminski, the firm’s director of investment strategies, seeks to quantify CTA risk management by defining four risk management factors: liquidity, correlation, volatility, and capacity.Noting that CTAs “...
The heat is being turned up in the debate over who should be responsible for potential defaults by clearing house members. Galen Stops takes a look at the issues.The “Skin in the game” (SITG) debate, i.e., how much ...
The FX Benchmark Group’s recommendations last year triggered change. WM Company, after a brief delay, introduced a new fixing process on February 15 and several banks released an algorithmic execution strategy for customers seeking to execute at the London 4pm ...
The FX industry has passed some significant milestones in its efforts to reform how it operates benchmark fixes, but as Colin Lambert reports, it is still early days.For more than two years now the foreign exchange industry has been ...
Volatility has staged a comeback in the FX market as a result of widespread central bank action, diverging Eurozone and US monetar y policies and an unprecedented fallout from the Swiss National Bank’s move to scrap its currency cap. ...
The Long Road to the Fix Fiasco?The cover feature of the May 2005 issue of Profit & Loss makes for very interesting reading through the prism of the events of 2013-15, for it took a look at the challenges facing the ...
Breaking into FX

in Analysis, Industry

Breaking into FX

Non-bank market makers have clearly targeted FX as a good opportunity to expand their businesses. Galen Stops looks at the challenges that these firms face breaking into this market and asks whether they can really compete with the big banks ...
Nasdaq OMX has confirmed reports that it is considering plans to expand its trading and clearing offering in the foreign exchange arena.In an interview with Profit & Loss, Nasdaq OMX says that it is “looking at ways to grow its ...
Parts of a lawsuit filed by the Depository Trust & Clearing Corp (DTCC) against the Commodity Futures Trading Commission (CFTC) over how swaps data is collected will be allowed to proceed, a US Federal judge has ruled.Early last year the ...

in Analysis, Industry

New FX Head for Nomura

Nigel Khakoo has taken over interim responsibility for Nomura’s global FX options and G10 FX trading businesses following the departure of the bank’s global head of foreign exchange, Jai Rajpal.The move is in addition to Khakoo’s ...