P&L Talk Series with BNY Mellon’s John Arabadjis

John Arabadjis, head of markets macro strategy product and analytics at BNY Mellon, talks to Profit & Loss about the challenges associated with mining different data sources to produce new insights for investors. Profit & Loss: You were recently hired by BNY Mellon in the newly created role of head of markets macro strategy product […]
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Rationalising Buy Side Adoption of the FX Global Code

The changing nature of foreign exchange markets, not least the day-to-day participation of the buy side, offer a good rationale for why buy side firms should sign a Statement of Commitment to the FX Global Code, speakers argued at the recent Profit & Loss Frankfurt conference. Ahead of the Global Foreign Exchange Committee meeting in Tokyo […]
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A Closer Look At: Driving Automation in Commodities

In the past year JP Morgan began offering clients a cocoa arb via its e-trading platform. Filippo Finelli, global head of commodities automated trading strategies (ATS), and Sandy Sehmi, commodities e commerce product head, discuss how this is part of their broader effort to bring more automation to commodities trading. Profit & Loss: So tell […]
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A Closer Look At: A Differentiated Algo Offering

Mauricio Sada-Paz, global head of e-FICC product and distribution at Barclays, discusses new algorithmic products available within the bank’s e-FX platform. Profit & Loss: Barclays’ recently added a new algo, BARX Peg, to its e-FX platform. Can you explain the genesis of this product launch? Mauricio Sada-Paz: The Barclays’ Gator execution channel was a pioneering […]
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FairXchange: Building New Relationship Foundations

The client experience is everything and with that in mind Colin Lambert takes a look at a firm seeking to deliver analytics with a difference, as well as the impact of this service on a client. One of the biggest changes in the foreign exchange industry in recent years has been the explosion of data […]
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A Closer Look At: Real-time Transaction Cost Estimation

Morgan Stanley’s Matt Thomas, global head of MSET macro sales, and Jian Chen, head of quantitative solutions and innovations (QSI), explain how transaction cost analysis (TCA) is evolving into a real-time estimative framework tool. Profit & Loss: Talk to me about how you see transaction cost analysis (TCA) evolving in the FX space? Jian Chen: […]
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CTAs: Feeling the Heat

2018 saw CTAs cap a generally poor decade of performance with a particularly bad year of losses. Given this, Galen Stops takes a look at whether the rationale for investors including CTA strategies in their portfolio is still valid. Post financial crisis, CTAs have struggled to produce returns, with only 2010 and 2014 standing out […]
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A Closer Look At: A New Way to Trade FX

Goldman Sach’s David Wilkins, global head of e-FX sales, and Ralf Donner, head of client FX algo execution, talk about a new algo launch that they claim offers a new way to trade FX. Profit & Loss: So tell us about the new algo that you recently made available to your clients. David Wilkins: It’s […]
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Trading Firms Cry “Last Look” in the Futures Market

As a futures exchange proposes a new speed bump mechanism, a number of market participants are coming out in opposition to it. Some of the arguments they’re making will sound familiar to those in the FX markets, says Galen Stops. On February 1 the Intercontinental Exchange (ICE) put the cat amongst the proverbial pigeons by […]
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A Closer Look At: Deploying e-FX Tools in Emerging Markets

Yi Hahn Chin, MD and regional head of e-FX solutions – corporates, EMEA at Citi, talks about the most recent regional rollout of the bank’s e-FX platform for corporates, and the broader challenges associated with deploying this technology in emerging markets. Profit & Loss: Talk me through the roll out of Pulse in Nigeria – […]
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