Technology
Integral has partnered with Jefferies to launch a new liquidity network called TrueFX, which aims to leverage the former’s technology and the latter’s credit intermediation services to reduce trading costs for buy side firms, which includes retail brokers, macro hedge funds, prime of primes, and regional banks. Essentially, the aim of this initiative is to […]
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 […]
This week’s podcast opens with Galen Stops, editor of Profit & Loss, doing some gloating because the Bank for International Settlements (BIS) has published its latest triennial survey of the FX market and the figures confirm the prediction made by Stops at the beginning of the year that the market would get back to growth. […]
Vikas Srivastava, chief revenue officer at Integral, talks to Profit & Loss about why the software-as-a-service model is increasingly gaining traction in FX, and how it might prove to be a democratising force for the industry. Profit & Loss: What’s the biggest technology challenge you see FX firms facing today? Vikas Srivastava: One of the […]
From a trader using their skills and multiple channels to execute client orders to a silent world of APIs and smart order routers, the execution process has changed almost beyond recognition over the past 20 years – but, as Colin Lambert finds out, not everyone sees algos as the next big thing in FX markets. […]
Galen Stops takes a look at how Atlas Bank is taking a new approach to prime banking and clearing processing in Latin America’s FX markets. Atlas has been around for quite some time now, and in fact has a long history in the FX industry. The group initially formed in 1994 with the launch of […]
Dmitri Galinov, the founder and former CEO of FastMatch, is preparing to launch a new platform, called 24 Exchange, which he claims will offer market participants a more cost–effective way to trade with one another. “The problem that we’re trying to solve with 24 Exchange is that the cost of technology over the past decade […]
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 – […]
A decade after launching, oneZero secured new outside investment this week. Galen Stops takes a look at the logic behind this deal for all the parties involved. Earlier this week, Lovell Minnick Partners (LMP), a private equity firm focused on investments in the global financial services industry, completed a minority investment in oneZero Financial Systems. […]
A decade after it was tasked with driving reform of the financial system, the Financial Stability Board (FSB) has reported to G20 leaders that while much has been achieved, “promoting global financial stability is a continuous task”. In a letter to the leaders, current FSB chair Randal Quarles says that the FSB’s transition from determined […]
