Tag: asset managers

asset managers

2019 Profit & Loss Readers’ Choice Awards

More than 3,000 votes were cast in this year’s Profit & Loss Reader’s Choice Awards, which created strong competition throughout the categories. For the first time categories for cryptocurrency markets were introduced and proved to be very popular, alongside the more traditional categories. Here then, are this year’s winners: Best Market Maker (Major Currencies) JP […]

In the FICC of It

In this week’s podcast Colin Lambert is keen to find out more from Galen Stops about a new peer-to-peer FX platform being created, we’re not sure but this interest may stem from his recent statement that anyone who thinks the concept could work lives in “Narnia Land” This week’s episode also takes a look at […]

And Finally…

I’ll keep this short and not-so-sweet as it’s a holiday here today, but I thought I would share an interesting article I read in the Sydney Morning Herald over the weekend. Most of you will probably be aware that there was a general election in Australia last month and what was termed in many quarters […]

And Another Thing…

Following last week’s column I am obviously in the bad books of a small number of buy side firms and as such I intend, in true fashion, to dig myself in a little deeper today. There is a trend in the buy side, indeed business generally, that makes peer-to-peer matching on any reasonable scale even […]

In the FICC of It

After a week-long absence Profit & Loss‘ managing editor, Colin Lambert, and editor, Galen Stops, are back on the airwaves to discuss some of the most eye-catching items in the news recently. They begin with some reader feedback from stories published last week. Firstly, a story about the attempt by a futures exchange to introduce […]

Stories from the Trenches: Building a FinTech

Simon Wilson-Taylor, head of EBS Institutional, reflected at Forex Network Chicago on the challenges that he faced as the owner and head of a fintech firm, Molten Markets, prior to being acquired by EBS.

“The first thing that I would say to any budding entrepreneurs out there is that building something, building a product, is the fun part and the easy part. Even finding clients is relatively easy,” said Wilson-Taylor, before adding: “The really difficult part that’s kind of out of your control is: how are my clients going to react? How is the market going to react? What are my legal, regulatory and insurance obstacles?”

Going through the different business lines that Molten Markets operated, he explained that consultancy is a good way for fintech firms to generate some revenue and pay some bills as the barriers to entry are not particularly great.

Asset Managers See Technology as Key to Growth

A new study by State Street indicates that 68% of institutional investors are concerned about their ability to hit their growth objectives within the current market environment.
The survey also found that 72% of asset owners expect to adopt a more defensive investment strategy going forward and the same percentage of asset managers will slow their plans for expansion over the next five years.
State Street’s second Annual Growth Survey talks to more than 500 global asset managers, asset owners and insurance companies.

In the FICC of It

The band is back together again in this week’s podcast as Galen Stops returns from a short holiday to join Colin Lambert to discuss all things currency – this week (much to the relief of P&L’s audio engineers) with no interruptions from wildlife or pool attendants!
Listen is as they highlight growing concerns in the industry that it may be harder to spread the word about the FX Global Code than previously thought, thanks to the realities of life on buy side and vendor side. On the subject of transparency and ethics, Lambert is keen to talk about the new phenomena of “full amount” trading in FX markets and Stops expresses his feelings about the proposed Code of Conduct for cryptocurrency markets.
As always there is room for the random, so why does Lambert want a merger between the new digital assets association and the recently renamed Wholesale Markets Brokers Association? Listen in to find out.

A Question of Faith: Asset Managers and the Fix

Benchmark fixes have been immersed in controversy for the past five years, but anecdotal evidence sees no shift in asset manager attitudes to them. Colin Lambert asks, will these firms ever desert the Fix?

If there has been one lightning rod for controversy in what has been a pretty turbulent period for the foreign exchange industry it has been benchmark fixes. Banks have been fined, traders and managers have been dismissed, and some are facing legal sanctions, including jail, thanks to various activities all of which were centred on the WM and European Central Bank fixes.

State Street Buys Charles River

State Street Corporation has entered into a definitive agreement to acquire Charles River Systems a provider of investment management front office tools and solutions, for $2.6 billion. The acquisition, which is subject to regulatory approvals and customary closing conditions, is expected to be completed in the fourth quarter of 2018.
State Street says that the integrated systems will enable it to deliver “a global front-to-back platform for asset managers and asset owners that will be unique in the investment servicing industry”.