LOOSE CHANGE
LOOSE CHANGE
In Transit: Bank Julius Baer moved its operation in New York last month. The bank, which remains at 330 Madison Avenue, moved its offices from the 21st, 28th and 29th floors to the 12th and 13th floors. Noonan, Astley Pierce is also set to pack its bags. Sources say that the money broker is planning to uproot operations and replant in Harborside, New Jersey by the end of the year.
Mike Alex, formerly senior vice president at Jeffries International, has set out to form his own consulting company
More on Trading
Forward thinking: Banks adapt P&L mark-out tools for FX forwards
Dealers modify market impact measurement to get better handle on profitability – and client value
BNP Paribas to launch e-FX pricing engine in Singapore
BNPP is latest bank to set up Singapore pricing engine; readies Cortex Live launch with AI and data tools
JP Morgan: beating lower margins, flat volumes and the competition
Foresees collaboration with clients and technology providers on FX tech infrastructure, and working with regional players
FX market growing, but more risky – BIS review
Reduced reliance on PvP and heightened fragmentation threaten market resilience
BidFX eyes expansion in execution tools and algos
Buy-side focus on FX exposure will drive development
Call for clarity on last look rejections
Asset managers say holding periods “far in excess” of what is necessary for risk checks
Buy-side traders cannot be passive with algo execution
Traders need to be proactive and ensure in-depth monitoring throughout life of an order, panellists say
FXall bolsters frontier liquidity with new partnership
The alliance will extend liquidity to several currencies in Africa and Asia
