And Another Thing…

Back in the day there were certain “clients” who would flat-out lie to their LPs about their trade being “full amount”. Nowadays, thanks to better data and analytics this type of behaviour can be spotted fairly easily and this has meant that now clients are quite open about the “full amount” not actually being “full […]
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Is FX a Dirty Word for Allocators?

Although FX as an asset class still offers potential for returns, asset managers are increasingly reluctant to allocate funds towards trading strategies that are only focused on FX trading, said speakers at the annual Profit & Loss Forex Network New York event. On a panel session looking at allocation trends, the moderator observed that the speakers […]
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Quants the Sole Bright Spot Amongst Crypto Funds

A new report published this week shows that while the median return for crypto hedge funds was a staggering -46% last year, quant funds managed a median return of 8%. The data contained in the report, which was published by PwC and Elwood Asset Management, was collected within the first quarter of 2019 across the […]
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Cleary to Leave Cboe FX

Sean Cleary is set to leave Cboe FX, where he was global head of sales. Profit & Loss understands that Cleary will be leaving his position at the end of May, and that Ben Leit, currently head of FX sales, Europe, will assume his role. A spokesperson at Cboe FX says: “We thank Sean for […]
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Academics Sceptical on Economic Value of Cryptocurrencies

Academics speaking at CoinDesk’s Consensus event in New York today appeared doubtful about the economic value of cryptocurrencies. In a panel titled, From Digital Gold to Contract Theory: The Economics of Mainstream Adoption, Joshua Gans, professor of strategic management at Rotman School of Management, said that an economists job, when confronted by new and exciting […]
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CFH Clearing Extends Metals Offering

CFH Clearing is now offering trading in aluminium, copper, nickel, lead and Zinc against USD. This latest development is the first in a series of new products and asset classes being launched by CFH Clearing. The Financial Conduct Authority (FCA) regulated firm says that it has secured pricing for its base metal liquidity as a […]
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AllianceBernstein to Adopt OpenFin Operating System

AllianceBernstein is working with OpenFin, which provides an operating system (OS) to financial services firms, in a bid to help accelerate its digital transformation strategy. In a release issued today, OpenFin says that this collaboration will enable AllianceBernstein to modernise its desktop technology infrastructure, allowing integration and interoperability with legacy and third-party applications without the […]
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CLS Volumes Reflect April Slowdown

The average daily volume (ADV) of FX trades submitted to CLS in April was $1.63 trillion, down 12.5% from the $1.86 trillion reported in March 2019. This is consistent with previous reports from Profit & Loss showing that the multibank FX trading venues which publicly release their volumes all saw double digit decreases in percentage […]
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CTAs Continue Positive Performance

Following on from an improvement in February and a strong March, April has been another positive month for CTAs, according to the latest data by Societe Generale (SG) CTA indices. The SG CTA Index was up 2.76% in April, bringing it firmly into positive territory for 2019 year–to–date, to up 4.74%. The strong performance has […]
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IS Prime Extends Liquidity Partnership with Integral

IS Prime has extended its multi-asset liquidity distribution through a partnership with Integral. IS Prime’s FX and index swaps liquidity is now available through Integral’s OCX platform. Index swaps are IS Prime’s proprietary product, delivering pricing and execution on indices and commodities globally. “IS Prime is an exciting addition to the Integral OCX marketplace and […]
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