Tag: non-banks

non-banks

Preparedness for Ibor Transition Progressing: Survey

In news that will no doubt be music to the ears of global regulators, a new survey by Moody’s Investor Services finds that the majority of global banks, asset managers, and insurers are on track with their plans to migrate from Ibor-linked benchmark rates to alternative reference rates (ARRs) at the end of 2021, despite the disruption […]

The 20 for 20 Countdown – Part Two

It’s been a busy 20 years since Profit & Loss launched. Colin Lambert and Galen Stops have picked out 20 key events or trends during that time and asked senior industry figures for their perspective on them – here’s numbers 15-11. 15. Last Look “Last look is a cancer at the heart of the foreign […]

And Finally…

We are in the midst of yet another culling season within various banks’ Markets divisions, with this round’s poster children appearing to be Societe Generale and Nomura thanks to heavy cuts across the FICC business. Staff comings and goings are a routine part of banking life of course, but I wonder if this is the […]

Building New FX Strategies

Giovanni Pillitteri, global head of foreign exchange trading at GTS Securities, talks to Profit & Loss deputy editor, Galen Stops, about how his firm takes a holistic view of financial markets in order to build effective FX strategies.

In recent years there has been a well-documented trend of non-bank market makers expanding out of their traditional core equities business to trade FX. GTS Securities is one such firm, with Pillitteri explaining how its equities expertise can help inform and improve its FX strategies.

“We look at the various asset classes in a very holistic way and there are multiple strategies that we have that has correlations between FX and equities,” he says.

Non-Bank LPs Prove Their Worth During Brexit Volatility

Following the results of the UK referendum decision to leave the European Union last week the common consensus amongst FX market participants has been that the biggest surprise – apart from the result itself – was how well the FX market handled the resultant volatility. “Two months ago if you’d told me that we’d have […]