Tag: Fintech

Fintech

In the FICC of It

In this week’s podcast Colin Lambert gets to air some long-held grievances at market structure change when Galen Stops asks him, “any thoughts on the Deutsche Bank job cuts?” Our two podcasters look at the function of risk in the market, as well as the potential impact of what Lambert sees as a steady shift […]

In the FICC of It

Colin Lambert is on the defensive from the start of this week’s podcast thanks to another disastrous prediction in the previous edition of In the FICC of It, so listen in to enjoy his discomfort as he and Galen Stops discuss the return of volatility to bitcoin and while doing so decide for yourself – […]

And Another Thing…

Without innovation the world stagnates and this is as true in financial markets as anywhere else, however I sense that people are starting to feel a little overwhelmed by the continued fintech revolution – there are, some people suggest to me, just too many ideas out there at the moment and identifying the good ones […]

Peer-to-Peer Matching: FX HedgePool Tries a New Approach

There have been numerous attempts in the past to create buy side to buy side matching pools for FX, with very limited success. FX HedgePool is the latest venture seeking to do this and, as the company edges towards launch, Galen Stops takes a look at what it is doing differently. In April, Profit & […]

AllianceBernstein to Adopt OpenFin Operating System

AllianceBernstein is working with OpenFin, which provides an operating system (OS) to financial services firms, in a bid to help accelerate its digital transformation strategy. In a release issued today, OpenFin says that this collaboration will enable AllianceBernstein to modernise its desktop technology infrastructure, allowing integration and interoperability with legacy and third-party applications without the […]

In the FICC of It

In this week’s podcast Profit & Loss managing editor, Colin Lambert, and editor, Galen Stops, open by discussing the news of some senior staff departing from EBS in the wake of its acquisition by CME Group, which in turn causes the pair to compare and contrast the different approaches and FX businesses of the Chicago-based […]

Central Banks Highlight Value, Embrace, Fintech

Two major central banks have signalled their increased engagement with the fintech industry with the Bank of England publishing a detailed report in its latest Quarterly Bulletin into the potential for fintech and the Federal Reserve Bank of New York establishing a Fintech Advisory Group.
In its report, the Bank of England stresses that the implications of fintech as part of the wider shift to a digital economy are only beginning to be realised, but says the potential is “substantial”.

In the FICC of It

With P&L’s editor Galen Stops showing his contempt for the listenership by declining to call in to the podcast from halfway down a black run on a snowboard, this week’s In the FICC of It takes a look back as managing editor Colin Lambert is joined by P&L’s founder Julie Ros, just over 20 years to the day she incorporated Profit & Loss.
Although they somehow manage to omit to mention how they wrote pieces for the magazine about Caribbean and Scottish holidays and, even worse, took their own cover pictures, the two look back to the early days of e-FX, which coincided with the launch of Profit & Loss, and look at how things have changed – and in some cases have not.
The names of the leaders in e-FX may have changed, as Ros notes, but our two podcasters agree that there is much that remains the same, in both the single and multi-dealer platform world especially.
One week after Stops and Lambert went to town on each other’s predictions for 2019, Ros offers Lambert to chance to critique someone else’s predictions for the foreign exchange industry, made in 2000, and you will glad to hear that in spite of the aforementioned clairvoyant going onto to become Prime Minister of his country, Lambert shows his customary disregard for rank and gives it both barrels…

MarketFactory Secures Investment

MarketFactory has secured a strategic investment from Accel-KKR, a technology-focused investment firm based in Silicon Valley with over $5 billion in capital commitment. In a release issued today, MarketFactory says the funding will accelerate its expansion into new markets and services for currency traders globally.“MarketFactory’s platform provides detailed data about the currency market that helps traders to innovate. We are very excited to find the right partner in Accel-KKR who understands the market structure importance of our business and growth trajectory,” says Darren Jer, CEO and co-founder of MarketFactory.

Does TCA Really Need to be Independent?

Speaking at the Forex Network Chicago conference, Mike Harris, president of Campbell & Company, discussed the pros and cons of independently provided transaction cost analysis (TCA).

Pressed on whether a fintech firm being acquired by a larger company is necessarily a bad thing for their clients, Harris pointed to the example of BestX, the TCA provider that was acquired by State Street in August.

Harris explained that Campbell & Company partnered with BestX because their TCA product was focused specifically on FX rather than being adapted from equities, and that they were the first to offer peer-to-peer functionality so that firms could opt-in to compare their trades to other people’s, as well generally being at the forefront of the TCA space.