Tag: buy side

buy side

And Finally…

It’s an interesting question to be asked, “why do you dislike customers so much?” I was asked just that when talking with someone (obviously a regular reader!) last week and it prompted a degree of introspection on my part before I answered confidently (is there any other way?), “No”. There is no argument from me […]

Which Strategies are Working?

During the strong 2019 equity bull market when the S&P 500 gained 31.5%, hedge funds returned 8.4%, according to HFR (27% of upside). During the 1Q 2020 Coronavirus Crisis, when the S&P 500 fell -19.6%, hedge funds fell -5.9% (30% downside). The outstanding question is: have hedge funds achieved goal within portfolios and what strategies […]

Duet Adds LiquidityBook for Buy Side

LiquidityBook today announced that Duet Group, a global investment holding company, has implemented the SaaS-based LBX Buy Side as its POEMS (portfolio, order and execution management system). LiquidityBook’s platform provides a range of order, execution and portfolio management capabilities, including real-time performance, full historical P&L, risk management, compliance and reporting. The cloud-based technology can be […]

FX HedgePool Launches Buy Side-to-Buy Side Matching

FX HedgePool launched its new buy side-to-buy side swaps matching utility – FXHP – last Friday with three asset managers, including Vanguard, Eaton Vance Management and a European manager, along with Standard Chartered Bank operating as credit provider. The launch focused on a single currency pair – EUR/USD – and although the firm declines to […]

BIS Markets Committee Calls for Wider Adoption of FX Global Code

In an open letter to Global FX Committee (GFXC) chair Guy Debelle, the head of the Bank for International Settlements’ (BIS) Markets Committee, Jacqueline Loh, has called for greater adoption of the FX Global Code, especially amongst asset managers. Ahead of the first three-year review of the Code, the letter also urges the GFXC to […]

And Another Thing…

Today’s column is dedicated to the Swiss National Bank for its ineptness five years ago yesterday, which changed the foreign exchange industry forever and gave this column literally months worth of ammunition. The SNB is a signatory to the FX Global Code, so given the guidance on disruptive actions, I wonder how it would handle […]

And Finally…

This week sees the Global FX Committee meet in Sydney for a meeting that is largely going to focus on the subject matter for the first three-year review of the FX Global Code. I will be very surprised if the key themes for the review are not buy side engagement, disclosures, anonymous trading and certain […]

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 […]

The Inexorable Rise of the “Others”

A notable figure in this year’s Bank for International Settlements (BIS) survey of FX turnover highlights the increasingly important role of firms like retail aggregators in the FX market. While in the 2016 survey the “Other” category of the Other Financial Institutions segment of the report (this is largely the retail aggregator/prime-of-prime sector) was responsible […]