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City Man Completes 300 Mile Walk for MND Thom Lant, a former marketing and PR executive at CME Group, Nasdaq, and LME, has completed an epic 300 mile walk in 15 days, re-enacting the historic Jarrow March to raise awareness of and funds for the Motor Neurone Disease (MND) Association. Supporters of the City Against Motor Neurone Disease Network, a group for those working in and around the City of London who have in some way been touched by MND, welcomed him as he finished in Leadenhall Market.
Global Code in the Spotlight at Forex Network London The opening session of Forex Network London at etc Venues, 155 Bishopsgate in the heart of the City on March 29, will focus on the impending launch of the FX Global Code of Conduct. The panel will bring together a panel of experts directly involved in crafting the Code and will look at the practicalities involved in the two key issues remaining to be solved – adherence and compliance. The expert speakers are ready to share up-to-the-minute knowledge and insight, so don’t miss this important panel.
Peso Likely to Reflect Economic Uncertainties in Mexico Uncertainty regarding both financial conditions within Mexico and geopolitical developments internationally is making it hard to predict how the peso will fare in 2017. Speaking at Profit & Loss Latin America, which took place on February 9 in Mexico City, economic experts warned that there are numerous variables that could impact the value of the Mexican currency this year, making accurate forecasts challenging. “Uncertainty will be the name of the game this year,” explained Daniela Blancas, a financial market economist at CitiBanamex.
Four Days to Profit & Loss Latin America 2017 What (and who) will play a major role in Mexico's economy this year? How will Mexico's economy perform against numerous geopolitical challenges in 2017? This will be the central topic during the opening panel, Mexico's Economy: Riding the Storm, at the 9th annual Profit & Loss Latin America conference on February 9 at the St Regis in Mexico City. The panel will follow an opening keynote address from Juan Garcia, Director of Domestic Operations, Banco de Mexico, and is part of a busy line up on Thursday (February 9). With panels looking at the impact of clearing, the challenge of liquidity and the impact of technology in regional markets, there is plenty for everyone so be sure to Register today to ensure your seat for this timely and important discussion. View the full day's agenda here and make your plans now to network with colleagues, industry leaders and FX professionals during a day filled with insight and key knowledge about the industry.
US House Financial Services Committee Member to Address SEFCON VII Rep. Bill Huizenga (R-MI) will speak at SEFCON VII, the premier swaps industry conference, which will take place just two days before Inauguration Day, on January 18 at The Roosevelt in NYC. Rep. Huizenga is a Senior Member of the House Financial Services Committee and has held prominent leadership roles overseeing the legislative debate about financial market regulation, Dodd-Frank and Freddie Mac and Fannie Mae. Rep. Huizenga will share his view of the upcoming debates in the Congress on the future of Dodd-Frank and capital markets, as well as GSE Reform.
CFTC’s Massad, Giancarlo to Address Swaps Conference Two Days Before Inauguration Two days before Inauguration day, Timothy Massad, chairman of the US Commodity Futures Trading Commission (CFTC), and CFTC commissioner Christopher Giancarlo will be keynoting the seventh annual SEFCON VII conference, which has become the largest conference for the US swaps trading market. The conference will be held in New York on January 18, 2017. The event, which is being hosted by the Wholesale Markets Brokers’ Association Americas (WMBAA), will provide inside looks on the implementation of the Dodd-Frank Act, the implications of a Trump presidency on financial markets, what lies ahead for US financial market regulation and cross border implications, as well as such critical topics as the future of OTC market structure.
Citi Raises $4 million for Charities Through e-for Education Programme Citi’s fourth annual ‘E for Education’ charity campaign has raised $4 million for education-focused charities. The 10-week global charity campaign stretched across Citi’s offices in the United States, Europe, Middle East, Africa, Asia and Latin America. All proceeds will be evenly divided amongst seven charities. As was the case in previous years, Citi’s FX business donated $1 for every $1 million of FX transacted electronically. The campaign featured a series of activities involving local schools including classroom teach-ins by staff, student CV clinics and trading floor visits.
Celebrities Join Forces with the City to Combat Motor Neurone Disease Former England test cricketer Chris Broad and Good Morning Britain presenter Charlotte Hawkins will host a Celebrity Quiz Night at Minster Exchange in the City of London on January 18 2017 to raise funds for the Motor Neurone Disease Association (MNDA). Broad founded The Broad Appeal together with his son, England test fast bowler Stuart, and daughter, Gemma, in memory of his wife Michelle Broad who suffered from MND and passed away in 2010. Hawkins’ father, Frank, also passed away with MND in 2015.
Tradebook Raises Over $1m at Annual Charity Day Bloomberg Tradebook raised over $1 million at its fifth annual Charity Day on Thursday. The Charity Day originated in 2012, with the New York office of Bloomberg Tradebook donating the net commissions from its equities business on that day to five different charities. It has now evolved to include London, Hong Kong and – in partnership with BM&F Bovespa – Sao Paulo and will see the net commissions across all of the asset classes that Bloomberg Tradebook services donated to 20 different charities.
FX: A Risky Business? With the latest Bank for International Settlements (BIS) survey showing the first contraction in the size of the FX market since 1998, some market participants have commented that this is further evidence that the banks – long the principal source of liquidity – have stepped back significantly from the market. This has left a clear opening for alternative liquidity providers, some of whom have been very public about their ambitions in the FX market. Some of these alternative liquidity providers have been quick to emphasise the fact that they do hold positions and take risk in the market, as opposed to just recycling liquidity or arbitraging between different areas of the market.