Last year saw a number of investments in fintech firms offering FX technology. Galen Stops takes a look at the rationale behind this trend and examines the broader investment landscape. The more eagle-eyed Profit & Loss reader will have noticed that there was a distinct spate of investment deals involving FX-focused fintech firms in the […]
BidFX has hired Paul Thomas as director of FX sales. Based in New York, Thomas joins from FlexTrade, where he had been the firm’s head of New York FX business development since 2017. Prior to that, he served as manager of New York FX sales for ED&F Man Group Capital Markets, where he provided dealing […]
Coinbase is expanding its institutional custody solution for cryptoassets in Europe with the launch of Coinbase Custody International, which will be based in Dublin. The new entity will offer the same cryptoasset storage services as the firm’s existing custody offering, Coinbase Custody. “Coinbase Custody International’s mission is to provide the broadest digital asset coverage of […]
Kx, a division of First Derivatives, has been selected by Sumitomo Mitsui Banking Corporation (SMBC) to build and manage its next generation e-FX platform. Under a multi-year agreement, Kx will provide SMBC and its clients with a solution that delivers electronic execution, distribution capabilities, algorithmic trading and risk management supported by real-time pre– and post-trade […]
In this Profit & Loss video interview Jay Moore, CEO of FX HedgePool, says that peer-to-peer FX trading remains an attractive prospect for buy side firms and explains why previous attempts to make it a reality haven’t worked. Noting that peer-to-peer FX trading is hardly a new concept, Moore says that buy side firms have […]
FX Transparency (FXT), an independent provider of FX transaction cost analysis (TCA) to pension and endowment funds, asset managers and corporate treasurers, has hired Joe Conlan to lead its business development efforts. “Joe has the FX domain and marketing expertise to manage the rapid growth we’re experiencing due to compliance mandates like MiFID II, PRIIPs, […]
Mark Stapleton has left his role as director, FX, investor sales, at Citi after 21 years at the bank. Based in Dublin, Ireland, he initially joined the bank in 1998 as assistant vice president. Before that, Stapleton was an assistant manager at Pfizer for over three years. His next destination is not known at this […]
Redline Trading Solutions has announced today that 24 Exchange is now supported by its InRush Ticker Plant and Order Execution Gateway for its FX clients. Redline provides market data and order execution systems for automated trading, while 24 Exchange is an offshore OTC trading platform launched last year that offers NDF trading, although it plans […]
IS Prime has announced a partnership with Pelican Trading, a social copy-trading solutions and white label provider for brokers. The firm has integrated Pelican’s proprietary copy-trading technology into its trading platforms and can now offer these tools to clients. IS Prime claims that this is part of a solution to help drive volumes and customer […]
Mark Wetjen has joined Miami International Holdings (MIH), the parent company of the MIAX Options, MIAX Pearl and MIAX Emerald exchanges, as executive vice president, futures and innovative products, and executive regulatory liaison officer. He will also serve as the CEO of Miami International Futures Exchange, a wholly owned subsidiary of MIH. “Wetjen will play […]
