NCFX Fix Study Highlights the “Probabilities of Ruin”

A new study by New Change FX (NCFX) studies the cost outcomes of using the London 4pm WM Fix and while it is important to note that the company also offers a benchmarking of transactions service, the study indicates that the cost of trading at 4pm far outweighs the benefits on a 15/1 ratio. To […]
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Nolens Named Head of BIS Innovation Lab Hong Kong

The Bank for International Settlements (BIS) has announced the appointment of Bénédicte Noella Nolens as head of the BIS Innovation Hub Centre in Hong Kong SAR for a three-year term from 1 July 2020. The Innovation Hub, established in 2019, aims to identify and develop in-depth insights into critical trends in technology affecting central banking; develop public goods in […]
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Genesis to Move into the Prime Business with Vo1t Acquisition

Genesis has announced its acquisition of Vo1t, an insured digital custody service. The firm says the new addition will supplement its existing lending and OTC trading and enable it to launch Genesis Prime Services, a one-stop-shop for trading, lending, and securing digital assets, later this year. “Our acquisition of Vo1t is a giant strategic step […]
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BNYM IM Launches Investor Services Business

BNY Mellon Investment Management has launched BNY Mellon Investor Solutions, an SEC-registered investment adviser that offers portfolio management and investment advisory services for investors worldwide seeking outsourced investment management. The new business will offer asset allocation and portfolio construction advice, manager research and selection, investment analytics, customised investment strategies and access to trust and custody […]
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US Initial Claims Slow: Existing Home Sales Plunge

The US data released on Thursday were a mixed bag, with data for May showing some signs of recovery, but April data reminding us of how far things slipped in the first month of the shutdown. The level of initial claims continued to slip in the May 16 employment survey week, putting it below the […]
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SocGen Joins FXSpotStream

Societe Generale has become the 15th liquidity provider to join FX SpotStream – it joins just months after Barclays was unveiled as LP number 14. “After announcing the addition of Barclays last quarter, we continue the momentum and are pleased to welcome Societe Generale as the 15th liquidity provider on our Service – we expect […]
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CLS Announces Three New Board Members

CLS has named three new members to its board of directors at the CLS Annual General Meeting (AGM) on 11 May 2020. The three are Karen Keenan and John Trundle, who have both been appointed as independent directors, and Naoto Nakamura from MUFG. Keenan is a C-suite executive with over 30 years of experience who recently retired as the chief administrative […]
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White House Watch: An Inconsequential Virus Obituary

With by one count 93,382 deaths blamed on the corona virus through Wednesday, each one a life-altering tragedy for a family, there is hardly any point chronicling the death of an inanimate process which few could care about or should. Yet the passing of the early morning ritual of getting the jobs report, the Consumer […]
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WHW: ‘My Decision to Make’ – The New Virus Anthem

A few loose ends remain but this whole virus thing is about to be wrapped up, with all the states reopening to some degree, so far no virus rebound evident and a vaccine candidate or two coming along fine. Once that vaccine is nailed down and a few hundred million doses administered, back to revving […]
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BofA Fund Manager Survey: Less Pessimism re World Growth

Global investors polled in May were less pessimistic about world growth prospects than in prior months, but remained more bearish than bullish overall, according to the findings of Bank of America Global Research’s monthly fund manager survey, released Tuesday. In May, a net 38% of fund managers – roughly 65% looked for stronger growth vs […]
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