Jaime Cortina, Deputy Chief Representative and Regional Head of Treasury and Asset Management at the Bank for International Settlements (BIS) in Mexico City, talked with Julie Ros from the floor of the new BIS Americas dealing room about the BIS’s Innovation 2025 strategy. Julie Ros: Why was Mexico City chosen as the location for BIS […]
The Bank for International Settlements (BIS) has opened a new dealing room at its Representative Office for the Americas in Mexico City. The new facility complements the existing BIS trading rooms in Basel and Hong Kong SAR, allowing the BIS to offer 24-hour services to its central bank customers. Jaime Cortina, who joined BIS last […]
The Financial Stability Board (FSB) today published its peer review of Mexico, which examined the implementation of the G20 commitments on over-the-counter (OTC) derivatives. Mexico’s OTC derivatives market is relatively small from a global perspective, but is the largest in Latin America. The market has a substantial cross-border component, with foreign banks being important players, the […]
Keith Hill, an advisory board member at Caplin Systems who will be speaking at Profit & Loss’ Latin America event on March 25 in Mexico City, talks about the technological evolution of the crypto markets in relation to traditional FX. Profit & Loss: People of course associate Caplin with the FX market, what is your […]
Chris Soriano, executive director, head of cash emerging markets, Americas at EBS, will be speaking at the Profit & Loss Latin America event in Mexico City on March 25. Ahead of the event, he discusses the key opportunities and challenges facing firms trading NDFs, both in LatAm and globally. Profit & Loss: What do you […]
Remember to download and subscribe to In the FICC of It at the Apple iTunes store and this week you can enjoy Colin Lambert and Galen Stops stepping into tricky territory by discussing actual economic things! As always seems to be the case Lambert is mystified by a US government decision, while Stops suddenly has […]
As technology continues to shape financial markets, what are the implications for how FX products are traded in Latin America? The electronification of markets in continuing apace, yet many FX products outside of the spot market have proven stubbornly resistance to this trend. What are the barriers to automating NDFs, swaps and options, and are […]
The FX Global Code of Conduct remains one of the biggest initiatives in the foreign exchange industry for many years, wide a wide spectrum of different market participants around the world participating in the creation of the principles contained within it. But given that the Code was introduced to address a specific issue – evidence […]
Carlos Mosquera Benatuil, the CEO of Mexico-based Solidus Group, which focuses on digital finance through its crypto hedge fund, Solidus Capital, and crypto OTC desk, Solidus Markets, talks to Profit & Loss about why cryptoassets are more than just a vehicle for speculation in Latin America.
Profit & Loss: What are some of the key differences you see between crypto trading in Latam compared to the US?
Carlos Mosquera Benatuil: So there are only a few places for cryptoasset price discovery in Latam, but the bigger exchanges are pretty good. The market still lacks sophisticated traders, however, which has actually been a challenge for us as we’re looking to hire staff for the proprietary trading desk that we’re building out.
Edgewater Markets recently hosted an event in Lima, Peru, to celebrate the continued roll out of its new LatamFX.Pro platform. Galen Stops attended the event and sat down with the firm’s senior management to discuss why they’re making such a strong push in Latin America.
n a nutshell, the central thesis behind Edgewater Market’s Latam strategy is that their technology can be used to convert the NDF market into an NDF trading platform and thereby enabling local market participants to aggregate, consume and distribute FX rates more efficiently.