CME Group has announced plans to launch options on its bitcoin futures contracts in Q1 2020, pending regulatory review. “Based on increasing client demand and robust growth in our bitcoin futures markets, we believe the launch of options will provide our clients with additional flexibility to trade and hedge their bitcoin price risk,” says Tim […]
Digital assets market maker, Genesis, has acquired Qu Capital, a New York-based quantitative investment and research firm. Founded in 2017, Qu Capital has developed trading technology including exchange connectivity, order routing and advanced execution tools, and conducted quantitative research on the digital currency markets. Genesis facilitates trades for institutional investors and high net–worth individuals looking […]
EBS is replacing the platform for EBS Direct with one designed to provide enhanced capacity and speed, delivering roundtrip processing times below 50 microseconds. EBS says that the new platform, which is now live in beta-testing with clients, will feature faster market data and will provide greater certainty of execution and improved fill ratios. The […]
Galen Stops charts the ups and downs of FX prime brokerage over the past 20 years and looks at how this segment of the market might be ripe for innovation going forward. Ask anyone who has been around in the FX market for the past 20 years to list the key developments that have shaped […]
As CME Group prepares to announce the launch of a new platform for EBS Direct, Galen Stops has the exclusive interview with Jeff Ward, global head of EBS, about what the platform will offer and how trading venues can differentiate themselves in an increasingly data-driven environment. Galen Stops: Why did you decide that it was […]
It’s been a busy 20 years since Profit & Loss launched. Colin Lambert and Galen Stops have picked out 20 key events or trends during that time and asked senior industry figures for their perspective on them – here’s numbers 10-6. 10. Brexit Putting aside the (ongoing) politics, the night of the Brexit vote showed […]
Fnality and Finteum are partnering to deliver a blockchain-based solution for settling FX swaps transactions. Finteum leverages R3’s Corda platform to create a global financial market for intraday liquidity. It aims to give market participants a shared data record of their orders and trades, meaning that settlement will not fail and it will be easier […]
Dorothy DeWitt has been appointed as director of the Division of Market Oversight at the US Commodity Futures Trading Commission (CFTC). In this role DeWitt will be responsible for the CFTC’s supervision of derivatives platforms and swap data repositories, including the evaluation of new platform-traded products. “I am excited Dorothy will soon be joining our […]
Symbiont, an enterprise fintech company that builds financial markets infrastructure using blockchain technology, has hired Joe Ziccarelli in New York to work in its FICC group. Symbiont’s FICC team leverages Symbiont Assembly – which is a blockchain platform designed to create efficiencies, eliminates manual data replication and reconciliation processes, and enables real-time data sharing with […]
Galen Stops talks to some veteran currency managers about generating returns in a world of reduced FX trends, increased regulation and evolving investor demands. Talking to individuals that have been actively trading in the foreign exchange market since Profit & Loss was launched in 1999 – and in some cases before then – it is […]
