And Another Thing…

I noticed that an old favourite turned up in the news cycle last week – indeed I suspect it is moving into the market’s general psyche given more people are talking to me about it – and that is peer-to-peer matching, more specifically asset managers seeking to by-pass the banks because the latter are able […]
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Profit & Loss Readers Choice Awards – Voting Now Open

Voting closes on Friday May 31 for the Profit & Loss Readers’ Choice Awards – the FoXys – is now open. The P&L editorial team has made its choices over the best in the banking industry, as unveiled tonight at the Digital FX Awards Dinner, now it is Profit & Loss readers that get the chance to vote for […]
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And Another Thing…

Here are three statements. “Fragmentation exacerbates the already inherent challenge – adequate liquidity – and increases market fragility as a result.” “Fragmentation leads to smaller, disconnected liquidity pools and less efficient and more volatile pricing.” “Divided markets are more brittle, with shallower liquidity, posing a risk of failure in times of economic stress or crisis.” […]
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And Finally…

We are in the midst of yet another culling season within various banks’ Markets divisions, with this round’s poster children appearing to be Societe Generale and Nomura thanks to heavy cuts across the FICC business. Staff comings and goings are a routine part of banking life of course, but I wonder if this is the […]
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And Another Thing…

I teased a theme on Monday in the column regarding the oversight of FX businesses to which I want to return. If there is one recurring theme that I hear from talking to managers in the trading businesses, both voice and ‘e’, it is that not only do their compliance teams not understand the nuances of markets, they take up valuable time from people on the desk asking unnecessary questions and having basic themes explained to them. It’s just not an efficient model.
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The Global Code: Back to the Future

When I joined a US investment bank in London as a graduate trainee in 1969, it was explained to me that they did not actually have a graduate programme nor were they particularly interested in the economics and politics that I had spent three years studying. I had been hired because I had a sound education and they believed, after several interviews, that I had the qualities of honesty and integrity that they insisted on for all employees, at all levels of job function and experience.
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Reporting from Forex Network London

Concannon Ready to Create Price War in FX to Make Hotspot Leading ECN   Hotspot plans to increase competition in the FX market by creating a price war, Chris Concannon, president and CEO BATS Global Markets, says of the recently acquired FX platform. Speaking at Profit & Loss Forex Network London 2015, Concannon outlined the exchange group’s plans […]
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ACI World Congress 2010: A Social and Business Event

On the sidelines of the ACI 2010 World Congress in Sydney from March 25-28, ACI Australia, the host association, is planning a series of social events that will highlight the best of Sydney as well as provide the perfect opportunity for networking. The congress has attracted platinum sponsorship from ANZ Bank, Commonwealth Bank, HSBC (Australia) […]
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ACI Australia Dealing Simulation Off to Strong Start in 2008

The ACI Australia Dealing Simulation Course staged two courses in the first quarter of 2008, in Sydney and Johannesburg. A total of 68 delegates completed the course and the prize winners are listed below. The next course, which is to be staged in association with Profit & Loss, is planned for New York from 17-20 […]
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ACI Signs FSFM as Academic Partner

ACI – The Financial Markets Association has signed an Education Managing Services Agreement” with the Frankfurt School of Finance & Management (FSFM), which was formerly known as Bankakademie. The agreement makes FSFM ACI’s official academic partner in delivering ACI’s suite of examinations. “Frankfurt School of Finance & Management is an ideal academic partner for us, […]
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