Andrew Meikle

What Will Lead to a Decoupling of Cryptocurrencies?

As is abundantly clear from any volatility charts available for the main crypto currencies, while the degree of the swings may vary, cryptocurrencies in general tend to largely trade in tandem. But as in fiat, cryptocurrencies have their own properties and characteristics, which begs the question:
What Will Lead to a Decoupling of Cryptocurrencies?

The differences between bitcoin (BTC), ether (ETH) and ripple (XRP) are manifold. The simple fact that few have been able to reach consensus on whether various cryptoassets are a commodity, a currency or a security, suggests that these assets are not all the same. Some argue each of these represent, respectively, a commodity, a currency and a security. So far, just CFTC is on record saying certain cryptoassets are commodities, a view upheld earlier this year by a US federal judge, who upheld that cryptos are commodities, while the SEC has said BTC and ETH are not securities. So official designations have been murky at best.

Consensus Protocols: PoW vs PoS

By Bob Bonomo, CEO, Blockchain Innovation Group and President, Bob Bonomo LLC
Blockchains are examples of distributed database technology, since they store transactional data across many computers rather than in a single, centralised system.
In traditional centralised systems, where services run or data is stored on a single server, there is no concern about data synchronisation: all the data is simply present on that one machine.
The distributed nature of blockchains improves data security, since the multiple copies of data make it extremely difficult and costly to tamper with or introduce forged transactions, while also increasing network reliability/uptime, since blockchains are resilient and continue to function if a manageable set of nodes become unavailable.

Proof of Work vs Proof of Stake What to Expect from Ethereum’s Protocol Shift

It’s early days, but Ethereum, essentially a decentralised, blockchain-based, world computer, is changing its consensus protocol from Proof of Work to Proof of Stake. Julie Ros speaks with a few crypto traders about what the key differences are between the protocols and what they think of Ethereum’s bold move.

Ethereum, the blockchain-based network that was proposed in 2013 and released in mid-2015 to provide a virtual “world computer” as the base layer for decentralised apps (DApps), has begun steps to move the methodology for confirming transactions from Proof of Work (PoW), whereby miners compete to unlock and upload blocks to the Ethereum blockchain, to a Proof of Stake (PoS) methodology, which establishes validators that stake an investment to participate.

Hall of Fame 2018

Steve Flanagan
Global FX e-Commerce Risk Manager, JP Morgan
“Work Ethic and Vision”

Stephen Flanagan’s career should be held up as the textbook example of the successful evolution of FX. Having come to banking in 1979 – he celebrates 40 years with JP Morgan next year (certainly one of the most tenured individuals in the bank we’re told) – his career evolved from the traditional, spot voice trader, to taking a lead role in the development of electronic trading at one of the industry’s premier FX firms.

Hall of Fame 2018

The Profit & Loss Hall of Fame 2018
Steve Flanagan, Global FX e-Commerce Risk Manager, JP Morgan
“Work Ethic and Vision”

Stephen Flanagan’s career should be held up as the textbook example of the successful evolution of FX. Having come to banking in 1979 – he celebrates 40 years with JP Morgan next year (certainly one of the most tenured individuals in the bank we’re told) – his career evolved from the traditional, spot voice trader, to taking a lead role in the development of electronic trading at one of the industry’s premier FX firms.

Forex Network New York 2017

The 2017 Profit & Loss Forex Network New York Conference in pictures.
Profit & Loss Forex Network New York took place on May 25, coinciding with the publishing of the FX Global Code of Conduct. More than 300 senior FX executives from across the banking and buy sides, as well as technology service provider sectors came together to discuss the most pressing issues facing the FX industry, including how to comply with the newly minted Global Code.
The full-day conference featured a new Sponsors’ Lounge, where attendees gathered to network between business sessions and demo the latest technology on offer.
The Profit & Loss Hall of Fame induction and The FoXys Readers’ Choice Awards took place over lunch, where the room was packed for a special honoree, Rita Saverino, and two-dozen banks, platforms and technology providers were recognized for outstanding services.

Hall of Fame 2016

The Profit & Loss Hall of Fame recognises those individuals who have made significant contributions to the betterment of the foreign exchange industry. Our 2016 inductee, Rafael Quezada, reflects the ethos, professionalism and dedication to the markets that are the core characteristics of members of the Hall of Fame and is clearly, through the number of nominations received, well-regarded by peers, clients and colleagues. It is with great pleasure that we welcome Rafa into the 2016 Profit & Loss Hall of Fame.