360T Hires Two

360T has hired Joshua Bernstein and Rodolfo Ledesma, according to market sources. Profit & Loss understands that Bernstein started last week in the firm’s New York office as a sales manager and that Ledesma, who is based in Toronto, joined two weeks ago as a product specialist. Prior to joining 360T, Bernstein worked at Currenex […]
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ISDA Hires Chia as APAC Public Policy Head

The International Swaps and Derivatives Association (ISDA) has appointed Su Yen Chia as its new head of APAC public policy. Chia joins ISDA from Euroclear, where she served as alternate chief executive for Euroclear Bank (Hong Kong branch) from June 2017. In this role, she was responsible for developing policy positions and interacting with regulatory […]
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EBS Hits a New Low Amidst Mixed News for CME

December was a mixed month for CME Group with the FX futures and options franchise seeing new highs but EBS hitting its lowest point since it started reporting numbers in 2007. Average daily volume (ADV) on EBS in spot FX was $56.9 billion per day in December. This was based upon a 22 day trading […]
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Johnson Joins Floating Point Group

Ture Johnson has joined Floating Point Group, which provides a single point of access to digital asset markets for hedge funds, asset managers and investors, where he will be focused on institutional sales and trading. Johnson joins from Seabury Global Markets, where he had held the title of director, sales and distribution, since 2017. Prior […]
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Platforms Rebound from Bleak November

It is perhaps a measure of how quiet FX markets were in November that the early platforms to report volume data for December all saw an increase month-on-month in average daily volume (ADV). CboeFX transacted $29.9 billion per day during December, up 4.9% on November, however this was down 10.5% from December 2018. Cboe says […]
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CME Fines and Suspends Three for Indirect FX Wash Trades

CME Group has announced sanctions against three traders for indirect wash trades in FX futures on Globex. The three, Adrien Froidure, Pierre Tomatis and Charlotte Sanit-Paul, neither admit nor deny the rule violation, and they were fined $20,000 by CME and banned from direct and indirect access to any designated contract market, derivatives clearing organization, […]
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Lempres Joins OTCXN Board

OTCXN has announced the appointment of Mike Lempres to its board of advisors. Lempres is currently executive in Rresidence at venture capital firm Andreessen Horowitz and advisor to the firm’s crypto and blockchain portfolio companies, he is also a member of the board of directors of Coinbase Trust Company (Coinbase’s custody business), Silvergate Bank and […]
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Managed Futures Left Waiting for a Correction in 2020…..Still

A new report from RCM Alternatives highlights that managed futures and global macro funds are still waiting for a market correction that may or may not appear in 2020. The report, Managed Futures Outlook 2020 The Waiting Game, notes that these funds have now been waiting 10 years for the next crisis in global markets, […]
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Walter Joins C6 Bank

David Walter has joined C6 Bank, a Brazilian online bank founded in 2018, as a senior FX options broker. Based in New York, Walter joins the firm after working as a consultant for over a year. Prior to that, he was a senior FX options broker at Sunrise Brokers for two years and an FX […]
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Former HSBC Flow Rates Head Charged by CFTC

The US Commodity Futures Trading Commission (CFTC) has filed civil enforcement action in the US District Court for the Southern District of New York against Christophe Rivoire, former global head of flow rates at HSBC in New York, charging him with engaging in a deceptive scheme to manipulate the pricing of an interest rate swap between […]
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