Lizzy Birmingham

Five on Friday: What Happened in Markets This Week

Lizzy Birmingham provides a brief roundup of the major FX moves this week, and the drivers behind each. 1) SNB Upholds Ultra-Loose Policy The Swiss franc was up 0.2% to 1.12127 per euro on Thursday following Swiss National Bank (SNB) president, Thomas Jordan’s, announcement to maintain loose monetary policy. In an interview with Bloomberg, Jordan […]

CTAs Struggle in May Amid Trade Wars

The Barclay CTA Index was unable to maintain momentum in May, dropping 0.19% and reflecting a negative month for these funds. In an issued release, BarclayHedge attributes general poor performance to global trade wars and tariffs, which have consequently led to damaged equity markets and oil prices. The Currency Traders Index was one of the […]

SGX Sees Record Volumes as Volatility Returns

Trading volumes on SGX’s FX futures hit an all-time in May, with $111.5 billion in notional value and over 1.84 million aggregate contracts traded. Year-on-year, May’s volumes represent a 49% growth in notional value and a 10% growth in aggregate contracts. SGX also saw a record for single day trading volume this month, with more […]

Jury Handed New Role at JP Morgan

Profit & Loss understands that Claudia Jury has taken on the role of global head of platform sales at JP Morgan. Her new sales position will run across the securities services, prime finance and clearing and investor client management business segments. Jury will continue to be based in New York. This is a shift from […]

MUFG Hires de Sibert

Mitsubishi UFJ Financial Group (MUFG) has appointed Chris de Sibert as director, EMEA head of FX institutional sales. De Silbert joins MUFG after working one year at NatWest Markets in a similar role. Before he joined NatWest, de Silbert had a brief stint as the global head of business development for R5FX. Prior to that, […]

Seed CX Partners with Caspian

Seed CX has integrated with Caspian, a crypto trading, portfolio and risk management platform. This partnership will allow the institutional investors using Caspian’s trading and portfolio management system – which includes an OEMS (order execution management system), PMS (portfolio management system), and RMS (risk management system) that covers the entire lifecycle of the trade – […]

BME to Launch FX Futures

Bolsas y Mercados Españoles’ (BME) is set to launch FX futures contracts on its derivatives platform, MEFF. The new product, called FX Rolling Spot Future (xRolling FX), will be available for trading on June 21st. This launch comes at a time when BME claims it is working on several initiatives to increase its presence in […]

Swift Calls for Greater Industry Standardisation

Swift has issued a report arguing in favour of greater standardisation of messaging within the FX market, claiming that this will in turn cause greater automation and improve efficiency. In the report, Swift notes that the sheer volume of FX transactions that occur daily makes automation in this market challenging. “With millions of confirmation messages […]

MUFG Appoints Fennessy Head of Sales

Mitsubishi UFJ Financial Group (MUFG) has appointed Matt Fennessy as head of sales for Asia, based in Singapore. Fennessy joins MUFG after working at RBC Capital markets in a number of senior positions over three years, most recently as APAC head of FX sales. In these roles he was based in London and, more recently, […]

FlexTrade Expands Focus in France

FlexTrade has expanded staff levels at its Paris office. FlexTrade has appointed Rushani Caiola as fixed income account manager and three new technical analysts within the company’s implementation and client services support teams for fixed income and FX. The company attributes its new hires to an increased demand in sales and service for its growing […]