Kirsty Gillies, global head of e-FX sales at Sucden Financial, talks to Profit & Loss about how the firm is expanding in different geographies, the impact of fintechs on the e-FX industry and the importance of diversity in the workplace. Profit & Loss: Sucden Financial has been expanding its presence in Hong Kong lately, is […]
Capitolis has raised $40 million as it completes its Series B round of funding, which was led by Spark Capital and SVB Capital. Existing investors, Index Ventures, Sequoia Capital and S Capital also participated in the round, bringing the total capital raised to date to $70 million. Capitolis says that this latest funding will support […]
Does FX still have the ability to innovate the way that it did 20 years ago? Galen Stops finds the industry divided on this important question. When Profit & Loss launched 20 years ago, the FX market looked very different than it does today. Much of the industry was still trading via voice channels, pricing […]
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 […]
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 – […]
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 […]
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 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 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 […]
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”.