Data: The New Cornerstone of FX Trading

Data is increasingly becoming the cornerstone of FX market participants’ business models, but what does this mean more broadly for the industry? This will be one of the key questions addressed on the panel session, “Learning to Thrive in Data Driven Markets” at the Profit & Loss Scandinavia conference taking place on October 10th in […]
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Survey Highlights Lack of Progress in Renegotiation of Libor-Based Contracts

Just 11% of derivatives users from across the private equity, real estate and infrastructure sectors believe that their Libor-referencing contracts contain provisions that are appropriate for the benchmark’s permanent discontinuation, according to a survey from JCRA, an independent financial risk advisory, at an event it hosted alongside global law firm, Norton Rose Fulbright. The firm says that […]
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LCH Claims First with Link to FX Connect TradeNexus

Clearing house LCH has announced that it is the first clearing house to integrate with FX Connect TradeNexus, State Street’s FX trading platform that provides exception-based automated matching, trade and settlement confirmation enrichment and third party messaging. Kate Lowe, managing director, global head of TradeNexus, says, “Uncleared margin rules are changing the way the market […]
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AL&P Hires Ridewood as Senior PM

Adrian Lee & Partners (AL&P) has hired Michael Ridewood as a senior portfolio manager. Ridewood has over 14 years’ experience in portfolio management with a focus on currency and global markets. Most recently he was the founder and managing partner at Atreaus Capital, a global macro hedge fund launched in 2012 which grew close to […]
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Arnold Lands PM Role at Citadel

Derek Arnold has joined Citadel as a portfolio manager in the firm’s London office. Arnold joins after more than a year working as a currency portfolio manager at Goldman Sachs, prior to which he was at Amundi Pioneer for over ten years and held the title vice president, FX portfolio manager, at the time of […]
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Strong CTA Performance Extends Through August

Following a strong July, CTAs reported positive performance again in August, according to data from Societe Generale (SG). The SG CTA Index was up 3.45%, adding to gains of over 10% year-to-date for these firms, which would put them on track for their best year since 2014. Short-term CTAs also made performance gains in August, […]
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Iorio Joins ExodusPoint

Former NEX Group and CME senior staffer Jim Iorio has joined ExodusPoint Capital Management in London as CEO for Europe. According to his LinkedIn profile, Iorio has joined the fund, which was established in 2017 by Millennium Management alumni Michael Gelbrand and Hyung Lee. Both men also formerly worked at Lehman Brothers in senior fixed […]
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NAB Survey Highlights Growing Internalisation at Fund Managers

As well as highlighting a greater focus on currency amongst managers, the NAB 2019 Superannuation FX Survey also highlights changing FX business structures at funds with a growing number taking more care over their execution policies. The survey confirms the 2017 survey’s finding that currency risk is an important consideration in their investment decisions in […]
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NAB Superannuation FX Survey Highlights Currency’s “Coming of Age”

NAB’s ninth biennial Superannuation FX hedging survey highlights what Ray Attrill, head of FX strategy at the bank, terms “seismic shifts” in how managers of the fourth biggest pension pool in the world, think and handle their currency exposures. “The fact that the majority of managers are now thinking of currency through the same lens […]
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Union Investment Starts Trading Eurex FX Futures

European asset manager Union Investment has started trading Eurex FX futures after the firm says it saw “growing traction in the product as part of their overall FX portfolio strategy”. Eurex offers monthly and quarterly FX Futures as well as Rolling Spot Futures as a component of Deutsche Börse Group’s FX strategy. “We are now […]
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