Tag: credit

credit

Investment Association Calls for Standardised FX Rejects

The UK’s Investment Association (IA) has proposed new standardised categories to simplify the processing of rejected FX trades in a bid to bring greater consistency to the market and improve outcomes for investors. Under the proposals, when a request by an investment manager to trade is not executed, the execution providers – brokers, dealers and […]

Is It Time to Change the Credit Model in FX?

In a new video interview with Profit & Loss Rick Schonberg, global head of ForexClear product development at LCH, is unequivocal in expressing his view that the current credit model in the FX industry is due for a change. “The model definitely needs to change,” he says. “What’s interesting is that the BIS numbers —  […]

Integral Teams Up with Jefferies for TrueFX Launch

Integral has partnered with Jefferies to launch a new liquidity network called TrueFX, which aims to leverage the former’s technology and the latter’s credit intermediation services to reduce trading costs for buy side firms, which includes retail brokers, macro hedge funds, prime of primes, and regional banks. Essentially, the aim of this initiative is to […]

Spotex Unveils Multilevel Credit Solution

Spotex has released Periscope, a new multilevel credit and margin management module that enables prime brokers and prime-of-prime brokers (PoPs) to extend credit and/or margin to multiple levels of downstream, sub brokers. The solution is a specially built risk engine within Spotex’s white-label broker technology system and institutional ECN. It aggregates and monitors both credit […]

In the FICC of it

In this week’s podcast Colin Lambert and Galen Stops, respectively the managing editor and editor of Profit & Loss, analyse some of the highlights from the final day of the Forex Network Chicago conference. To start off with they discuss some of the key talking points from the credit panel, asking whether the FX industry […]

Deutsche, Saxo and XTX Live on Cobalt

Cobalt, the foreign exchange infrastructure based on shared ledger technology, is now live with Deutsche Bank, XTX Markets and Saxo Bank. Darren Coote, CEO of Cobalt, says, “Having the backing of these three different FX players, one an established bank that has been innovating for over 20 years, a new breed of electronic market-maker and […]

In the FICC of it

This week’s podcast opens with Galen Stops, editor of Profit & Loss, doing some gloating because the Bank for International Settlements (BIS) has published its latest triennial survey of the FX market and the figures confirm the prediction made by Stops at the beginning of the year that the market would get back to growth. […]

FXPB: It’s Been a Bumpy Road

Galen Stops charts the ups and downs of FX prime brokerage over the past 20 years and looks at how this segment of the market might be ripe for innovation going forward. Ask anyone who has been around in the FX market for the past 20 years to list the key developments that have shaped […]