Will CBDC Play a Role in Retail Payments, Settlements?

At the Future of Payments Forum hosted by the Bank of Japan (BoJ) in Tokyo last week, deputy governor, Masayoshi Amamiya, presented his views on Central Bank Digital Currencies (CBDCs) and the future of payment and settlement systems as they pertain to retail payment services. Recent private sector initiatives, including stablecoins, indicate customers’ need for […]
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Building Institutional Adoption of Crypto

Sponsored content Cryptocurrency performance continues to attract attention from institutions such as banks, hedge funds, asset managers and family offices. In fact, dedicated cryptocurrency funds returned more than 16 per cent in 2019, according to a survey from Eurekahedge, which contrasts with a traditional hedge fund strategy yield of 10.4 per cent, according to Hedge […]
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pressure

Under Pressure, Fed Apt to Continue Easing

Whatever one may think of the wisdom of the Federal Reserve’s March 3 interest rate cut, it has embarked on a preemptive easing of credit in response to economic threats posed by the corona virus and seems likely to remain on that course. Not only did the Fed’s policymaking Federal Open Market Committee cut the […]
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In the FICC of It

In this week’s new style podcast Colin Lambert casts his eye over some key news stories of the week and is joined by Jay Moore, founder and CEO of FX Hedgepool and Rob Loft, founder and CEO of Harvey Loft to discuss two in depth. Listeners will be surprised to hear that Lambert has some […]
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Follow the Money

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 […]
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GFXC Issues Report into Anonymous Trading

The Global Foreign Exchange Committee (GFXC) has released a report The Role of Disclosure and Transparency on Anonymous E-Trading Platforms alongside the results of its 2019 survey of attitudes towards the FX Global Code ahead of the impending three-year review. The anonymous trading report maps out and describes the current e-trading platform landscape, with a […]
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How Technology and Data Are Opening the Door to FX Automation

Sebastian Hofmann-Werther, Head of EMEA at 360T, explains how the barriers preventing greater automation for trading non-spot FX products are being overcome, and why buy-side firms could stand to benefit significantly as a result of this. We would argue that the benefits of automating FX trades are largely self-evident. After all, you only have to […]
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Can Symbiont’s Blockchain Solution Change How FX Trades?

For many years, Symbiont deliberately avoided touching FX. But now, having partnered with Vanguard, it is building a decentralised network for FX trading that it claims could represent a major inflection point for the industry. Galen Stops reports. One thing that the team at Symbiont, a blockchain technology company founded in 2013, are adamant about […]
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Liquidity Spillovers – Phenomena or Structural Change?

Colin Lambert reviews a new paper from the Bank for International Settlements’ Monetary and Economic Department, which suggests the direct links between liquidity conditions in FX spot and swaps markets are getting stronger – and that regulation is having a serious impact on the FX market’s functioning. At face value, the phrases “…the pricing of […]
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The New FX Benchmark – What Does it Mean?

Colin Lambert muses on the broader significance of the latest BIS number for the FX industry as a whole. However the number was arrived at, the FX market will, for the next three years at least, be known as a $6.6 trillion market – reinforcing its position as the largest financial market in the world. […]
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