The H2 Edition of Profit & Loss is Now Available

The second edition of Profit & Loss magazine for 2020 is now available online, click here to access all the usual features as well as our main feature on the evolution of the FX swaps market – is it really, finally, on the cusp of radical change? There are also features on spoofing in spot […]
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BoE Signs Up to ISDA’s IBOR Fallbacks Protocol

The Bank of England (BoE), has signed up to the International Swaps and Derivatives Association’s (ISDA) ‘IBOR Fallbacks Protocol’ ahead of the transition away from LIBOR by the end of 2021. ISDA launched the Protocol today and confirmation that the Bank has signed up is available on ISDA’s website. This will apply both to transactions BoE undertakes on […]
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Hedge Funds, CTAs, Suffer in September, Currency Traders Up: BarclayHedge

After a good run of results, hedge funds and CTAs turned in negative performances in September according to BarclayHedge indices published this week. The Barclay CTA Index was down 0.85% for the month, but remains in positive territory for the year at +1.9%. Currency traders were a rare beacon of positivity in the sub-indices, producing […]
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SteelEye Adds Refinitiv Market Data

Compliance technology and data analytics firm SteelEye has announced the incorporation of Refinitiv market data on to its platform. The increased volume of high quality, multi-asset and global market data enables clients to enhance their compliance and analytics, the firm says. The deal more than doubles the amount of reference sources used to enhance SteelEye’s […]
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CaixaBank Launches FX Platform

Spain’s CaixaBank has launched FX Now, its new online platform that the bank says “lets customers trade currencies in real time, 24 hours a day, in an agile and secure way, and with no intermediaries”. It adds that the new platform is available to all customers of company banking, corporate banking, entrepreneurs, and international customers […]
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Steptoe Launches Financial Education Series

Steptoe & Johnson LLP has launched Financial Services University, a video series that illustrates the financial services legal, business, and regulatory issues companies face around the world. “We’re excited to launch our Financial Services University,” says Matt Kulkin, partner and co-chair of the firm’s Financial Services Group (FSG) and former Commodity Futures Trading Commission director. “These short […]
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Chilean Bank Goes Live with Edgewater Platform

Edgewater Markets today announces that Banco del Estado de Chile, owned by the Republic of Chile, has gone live with its new trading platform. Edgewater adapted the proprietary technology of its EdgeFXLatam to provide BancoEstado with a customised solution for its internal users, onshore clients, and global offshore market participants. Leveraging the Chilean Electronic Stock […]
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CFTC Issues Advisory to FCMs on Virtual Currencies

The Division of Swap Dealer and Intermediary Oversight (DSIO) of the Commodity Futures Trading Commission (CFTC) issued an advisory to futures commission merchants (FCMs) regarding the holding of virtual currency in segregated accounts. The advisory provides guidance to FCMs on how to hold and report certain deposited virtual currency from customers in connection with physically […]
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ISDA Publishes Whitepapers on Smart Contracts, DLT

The International Swaps and Derivatives Association (ISDA) and R3 have collaborated with Clifford Chance, Jones Day, Linklaters and McCann FitzGerald to publish four new whitepapers that analyse the legal issues associated with using smart derivatives contracts on distributed ledger technology (DLT). Use of new technologies has the potential to significantly increase efficiency and reduce costs for derivatives […]
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CLS Sees FX Volume Rise

CLS average daily volume in September mirrored that of the major FX platforms to report data, rising 8.2% from August to $1.785 trillion, while falling year-on-year, in this instance by 3.1%. Spot volume was up both month-on-month (by 11.2%) and year-on-year (5.2%) at $427 billion, while forward activity was $108 billion, a 40.3% rise from […]
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