Sometimes it just pays to have the odd rule in your trading ecosystem to protect you from when things – as they inevitably do – go wrong. The latest to discover this is Japanese crypto exchange Quoine, which this week lost an appeal against a ruling in Singapore that it wrongfully reversed seven crypto trades […]
Cryptocurrency liquidity provider, B2C2, and SFOX, a cryptocurrency prime dealer for large-scale investors, today announced a partnership that promises to provide asset managers, hedge funds, family offices and high net-worth individuals with a new source of liquidity. The partnership gives SFOX clients access B2C2’s liquidity pool and streaming OTC pricing via a single point of […]
Cryptocurrency liquidity provider B2C2 has launched the market’s first product for trading gold directly against Bitcoin (XAU/BTC). The firm says the launch marks the beginning of its expansion beyond the core crypto focus and that client demand made XAU/BTC a natural first choice, underpinned by a significant rally in so-called deflationary assets over the past […]
The past few years have seen a significant number of senior figures from the FX market transition into the digital asset space. Galen Stops talks to a few of them about where they see the parallels, differences and possible convergences between the two markets. Galen Stops, editor of Profit & Loss: Where do you see […]
Since the price of crypto assets spiked dramatically in 2017, many have been predicting that a wave of institutional money is going to come into the cryptocurrency market, bringing with it a flood of change. However, speakers at Profit & Loss’ Forex Network London event argued that the “institutionalisation” of the crypto markets will play […]
At the Forex Network New York event, Galen Stops, editor of Profit & Loss, sat down with Rob Catalanello, CEO of B2C2 USA, to talk about whether the case for including cryptocurrencies in an investment portfolio is as strong as ever. Galen Stops: In 2017 when the price of cryptocurrencies kept going up and up, […]
Rob Catalanello has joined B2C2 as CEO of the OTC cryptocurrency liquidity provider’s Americas business, a newly created position, based in New York. Immediately prior to joining B2C2, Catalanello was working as a consultant, advising financial institutions on the setup, structure and day-to-day operation of capital markets, e-commerce, FX, commodity, cryptocurrency, and blockchain businesses in the US.Catalanello spent nearly a decade at Credit Agricole, where he was managing director, head of fixed income markets sales, Americas. He also held FX sales roles at Merrill Lynch, Goldman Sachs and JP Morgan, and spent a brief stint at Edgewater, which he joined in 2016.
B2C2, an OTC cryptocurrency liquidity provider, has been authorised by the UK’s Financial Conduct Authority (FCA) to arrange and deal in Contracts for Difference (CFDs) with eligible counterparties and professional clients. The FCA authorisation will allow B2C2’s clients to gain exposure to cryptocurrency markets via the firm’s CFDs.Max Boonen, founder and CEO, says: “We are excited to have received authorisation from the FCA to introduce a cryptocurrency CFD product. Eligible counterparties and professional clients can now gain derivative exposure to the cryptocurrency markets, benefiting from the competitive pricing and liquidity they’re accustomed to receiving from B2C2, while avoiding the risks associated with crypto custody.”
There’s something for everyone in this week’s In the FICC of It podcast as Colin Lambert and Galen Stops traverse the US legal system, trading, crypto and China.
Listen in as Lambert explains why he is mystified at the prosecution’s flip-flop in the Mark Johnson case and angry at the FX industry’s previous lack of effort to explain how markets work to the US legal authorities; and Stops takes a look at a new report n his favourite industry – CTAs. Having had the data explained to him, Lambert also thinks he knows why some CTA sectors are doing well and some aren’t, so that’s another of his “theories” then…
Our podcasters then move onto debate whether crypto markets will evolve to an OTC model and whether this would be a good thing for attracting institutional money to what is still a relatively nascent market.
Stops closes out by reporting from an analysts’ briefing this week that highlighted a change in approach on the part of China to its programme of liberalisation of the yuan.
B2C2, a cryptocurrency liquidity provider, has launched streaming pricing with point-and-click execution on its OTC platform.For the first time, B2C2’s clients will be able to view and execute trades on a real-time, two-way market via the firm’s secure web interface. The new functionality allows market participants to monitor live pricing in user defined quantities and execute with the click of a button, as they would on traditional FX trading platforms.Speaking to Profit & Loss about the launch, Philip Gillespie, CEO of B2C2 Japan, says: “We were one of the first firms to issue RFQ trading electronically and we already have a web portal where clients can go for trading and settlement. What we have done now is the next step forward, so that when a client goes onto the web-based GUI, not only do they have the RFQ and settlement request, but they can also see continuously streaming, two-way pricing.”