MUFG Appoints Fennessy Head of Sales

Mitsubishi UFJ Financial Group (MUFG) has appointed Matt Fennessy as head of sales for Asia, based in Singapore. Fennessy joins MUFG after working at RBC Capital markets in a number of senior positions over three years, most recently as APAC head of FX sales. In these roles he was based in London and, more recently, […]
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FlexTrade Expands Focus in France

FlexTrade has expanded staff levels at its Paris office. FlexTrade has appointed Rushani Caiola as fixed income account manager and three new technical analysts within the company’s implementation and client services support teams for fixed income and FX. The company attributes its new hires to an increased demand in sales and service for its growing […]
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Peer-to-Peer Matching: FX HedgePool Tries a New Approach

There have been numerous attempts in the past to create buy side to buy side matching pools for FX, with very limited success. FX HedgePool is the latest venture seeking to do this and, as the company edges towards launch, Galen Stops takes a look at what it is doing differently. In April, Profit & […]
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Research Contradicts US Officials on USD Strength

A research note today from Societe Generale found that, despite claims from senior US officials, the USD has generally weakened against other major currencies over the last two decades. This announcement comes after a press conference on Saturday, where US Treasury Secretary Steve Mnuchin argued that by not intervening to support the yuan, the Chinese […]
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Kooltra Targets Brokers with Cloud-Based Solution

Kooltra has launched a new platform, called FXCore, which designed to fast-track the entry of new broker participants into the FX market. In a release issued today Kooltra, which provides an integrated back and middle office SaaS system for institutional customers, says the platform will advance back office technology for FX trading which, it says, […]
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Report Warns DLT Technology Could Backfire

A new report from Greenwich Associates warns that, if taken too far, distributed ledger technology (DLT) could reintroduce problems financial markets have been working to alleviate for more than 500 years. DLT has been touted as a means of creating new efficiencies in a number of different areas within the financial system, one of which […]
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Crown Agents Bank Hires Tsiaprazis

Crown Agents Bank today has appointed Mel Tsiaprazis as executive vice president and group COO. Tsiaprazis will also sit on the executive committee of the digital payment bank, which moves money to, from and across developing, emerging and frontier markets. In a press release today, Crown Agents Bank cites her previous experience working in senior […]
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Nasdaq, CryptoCompare, Launch Market Data Product

Cryptocurrency data provider CryptoCompare, and exchange group Nasdaq, have announced a strategic partnership to launch a cryptocurrency pricing product, the Nasdaq/CryptoCompare Aggregate Crypto Reference Prices. The product will be made available on Quandl, a Nasdaq owned data platform. The firms say the new product will enable institutional investors to monitor the nascent digital asset class […]
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CTA Performance Dips in May

CTAs struggled in May as markets pulled back from established trends, according to the latest data by Societe Generale (SG) CTA indices. The SG CTA Index was down 2.36% last month, however, it still remains in positive territory for the year at 2.22%. Trend following strategies have performed well in 2019, but in May the […]
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CLS Volumes Flat in May

The average daily volume (ADV) of FX trades submitted to CLS in May was $1.62 trillion, marginally down from the $1.63 trillion it reported in April. The ADV of FX swaps submitted to CLS in May was $1.19 trillion, down 4.14% month-on-month and down 5.3% year-on-year. The ADV of FX forwards trades submitted to CLS […]
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