Tag: Fx

Fx

Is FX Still an Attractive Market to Trade?

Although Justin Foley, managing director, head of FX at Gelber Group, concedes that subdued volatility has made FX less interesting for traders in recent years, he says that this state of affairs will not last forever. Foley, who was inducted into the Profit & Loss Hall of Fame earlier this year, explains in a new […]

Neuberger Berman Launches New FX Fund

Neuberger Berman is launching a new FX-focused macro fund. The Neuberger Berman Macro Opportunities FX Fund aims to deliver positive returns of 5–6% in excess of cash per annum before fees, primarily by exploring relative value across G10 currencies. The firm says that the fund’s investment strategy is based on an established process, which has […]

Citi Restructures FX Business

Citi has announced a new management structure to best align its foreign exchange trading and institutional sales business under the Rates and Currencies umbrella. Under the new structure, trading will now align within four global product verticals: Linear FX (Spot and NDF Trading), Electronic Trading and Client Execution, STIRT and FX Options. In an email […]

Kurk New FX COO at Northern Trust

Northern Trust has named Marisa Kurk as chief operating officer of its global FX business. Based in Chicago, the bank says Kurk will drive the day-to-day enablement of GFX business strategy and operations, capitalising on strategic technology and product capabilities gained through acquisitions and partnerships. She brings more than 15 years of industry experience, in […]

And Another Thing…

Spoofing is a strange thing; some could argue it is part of a best execution policy when trying to fill a very large order, others that it is criminal activity, and both would have valid points – but is it fraud? I have no wish to get into the legal technicalities, especially around US law, […]

Swift Calls for Greater Industry Standardisation

Swift has issued a report arguing in favour of greater standardisation of messaging within the FX market, claiming that this will in turn cause greater automation and improve efficiency. In the report, Swift notes that the sheer volume of FX transactions that occur daily makes automation in this market challenging. “With millions of confirmation messages […]

Kooltra Targets Brokers with Cloud-Based Solution

Kooltra has launched a new platform, called FXCore, which designed to fast-track the entry of new broker participants into the FX market. In a release issued today Kooltra, which provides an integrated back and middle office SaaS system for institutional customers, says the platform will advance back office technology for FX trading which, it says, […]

And Finally…

Have we finally hit the wall in terms of our willingness, as a broad financial markets industry, to accept the continued race to cut a few microseconds off the speed of trading? I suspect we may have, for as P&L editor Galen Stops’ articles on speed bumps in the listed derivative world have highlighted, this […]

Barclays Migrates Equities to BARX

Barclays has added equities to BARX and announced that it will now function as the bank’s cross-asset electronic trading platform. Prior to this, clients could trade FX, fixed income and futures on the BARX platform. “We are excited to announce that BARX will be our newly integrated, cross-asset electronic trading platform that will continually innovate […]

In the FICC of It Special

Ahead of the unveiling of the 2019 Digital FX Awards for bank single dealer platforms tonight, Colin Lambert, managing editor of Profit & Loss, sat down with John Ashworth, CEO of Caplin Systems, for a special In the FICC of It podcast, sponsored by Caplin Systems. In this special our two podcasters looks at the […]