We pulled together six leaders in the digital assets space to discuss the future of money at Profit & Loss Forex Network Chicago. During the ensuing hour, the panelists discussed whether or not we are at a turning point in the digital debate. Analysing whether or not the future will be digital seems obvious – […]
ACI – The Financial Markets Association (ACIFMA) announces the appointment of Kim Winding Larsen as the new ‘president delegate’ of the wholesale markets trade association as of September 1. Larsen’s appointment comes after a thorough review process by the ACIFMA Management Board’s Selection Committee, the trade group says. Larsen spent his long career at Danske […]
Dawn Newsome has been appointed as regional CEO Americas at TP ICAP in New York. She will start on 1 September and joins from Nomura Securities, where she was managing director, CTO Global Rates. “Dawn’s remit will be to oversee culture, risk and governance in the Americas and have oversight of the regional support functions […]
Refinitiv, one of the world’s largest providers of financial markets data and infrastructure, today announces that its shareholders have agreed definitive terms with the London Stock Exchange Group plc (LSEG) under which LSEG will acquire Refinitiv in an all share transaction for a total enterprise value of approximately US$27 billion. According to a news release […]
Baton Systems, a provider of blockchain-inspired, bank-to-bank payments infrastructure, has appointed Andrés Choussy as president and chief operating officer. Choussy was most recently president and CEO of Traiana, which became part of CME Group through the acquisition of NEX Group. Choussy, who will be based in New York, joins to scale Baton’s payments and settlements […]
Broadway Technology, which provides fixed income and FX front office solutions, today announced record results for 2018 and continued momentum in 2019. The company recorded a 42% year-over-year revenue increase in 2018, led by ongoing expansion into global fixed income and FX markets and the addition of cryptocurrency as a supported asset class. Following its […]
New York-based Jason Vitale has been promoted to global head of FX at BNY Mellon, a spokesperson confirms. Vitale most recently served as the bank’s COO of FX markets and global head of client execution services. Vitale joined BNY in March 2017 from Deutsche Bank, where he’d spent 15 years, last as co-head of listed […]
The Foreign Exchange Professionals Association (FXPA) voted in a slate of new Officers and Board members at its annual meeting on February 5.In roles that took effect March 1, 2019, Lisa Shemie, Associate General Counsel of Cboe Global Markets and Chief Legal Officer of Cboe FX and Cboe SEF, was elected as the group’s new Chair; Jill Sigelbaum, Head of FXall, Refinitiv, was elected Vice Chair; Paul Houston, Global Head of FX, CME Group, was tapped as Treasurer; and Jason Vitale, Managing Director, Chief Operating Officer FX & Head of Client Execution, BNY Mellon, was re-elected as Secretary.
Capitolis, a technology provider for the capital markets, announces today that the number of participants on Capitolis Novation has grown to more than 20 bank and non-bank customers. As well as previously announced Citi, HSBC, BlueCrest and Brevan Howard, other market participants including Deutsche Bank, Standard Chartered, Nomura and Societe Generale are collaborating with Capitolis on the service, which Capitolis says is the first of its kind in FX. The platform is now fully live and processing the novation of FX options contracts amongst multiple participants. Additional functionalities and other balance sheet reduction models are currently being tested and rolled out including bilateral option novation and forwards and swaps novation.
BNP Paribas today announces the launch of the BNP Paribas MGI Systematic Currency Alpha Index using artificial intelligence through machine learning. The index, created by BNP Paribas in partnership with Millennium Global Investments (MGI), went live in Q1 2019.MGI provides systematic FX signals to BNP Paribas, determining the long or short exposure to four liquid currency pairs selected to represent the global FX market (USD/GBP, USD/EUR, USD/AUD and USD/JPY). In a statement, the firms say the Index can be considered as a new frontier for investors seeking cross-asset portfolio diversification, as it is enhanced by signals generated by an artificial intelligence model that uses machine learning to identify the dominant factors driving the performance of currency pairs each day.