GTX and Nightberg, an independent macro strategy firm founded by former hedge fund strategists, are partnering to distribute Nightberg’s full suite of investment research to GTX's institutional clients.
The product will be provided on a complimentary basis to clients of GTX’s registered swap dealer, which offers agency execution services for swaps, options, forwards, non-deliverable forwards and other products in G10 and emerging market currencies.
“We are excited to work with GTX to provide flexible access to our investment research,” says Mario Manna, co-founder of Nightberg. “Both Nightberg and GTX are active in the global macro hedge fund and broader asset manager space and we see an excellent opportunity to work together to provide value to clients.”
Most FX major trading venues will be glad to see the back of August – following the downbeat results from FastMatch and Hotspot, four other venues have reported a decline in volumes – two registering historic lows and a third the lowest in seven years. The numbers add up to a horrible month for the platforms and, by association, for the wider foreign exchange industry as activity levels continue to dive following June’s Brexit-inspired spike, most will be hoping for a forex rebound in September.
The BIS Triennial survey highlights the drop in spot volumes, but how does the platforms' performance compare over the same period?
Three FX platform providers have reported lower volumes for the second consecutive month, highlighting the difficult nature of the market in August.
Even as FXCM continues to extricate it from
a punitive loan that saved the firm, its travails are increasing with news the
US Commodity Futures Trading Commission (CFTC) has charged the firm over events
surrounding its near collapse in the ...
Tullett Prebon has partnered with technology provider GMEX
Group to develop a hybrid voice and electronic trading platform for FX options.
The new trading solution will enhance Tullett Prebon’s
offering to its clients, integrating GMEX’s request for quote (...
ICAP’s EBS average daily volumes
(ADV) were up 1% year on year in July, standing at $83 billion. Nevertheless,
volumes saw a sharp drop on a month on month basis in July, being down by 15%
compared to June, ICAP reports.
Nicole Shumpert has joined EBS BrokerTec as head of
BrokerTec Direct, Americas, the company says. BrokerTec Direct is a new service
that provides relationship-based, disclosed liquidity to the fixed income
Shumpert was previously director and head of US Treasuries
As client requirements evolve in response to changes in FX
market structure, services providers need to be ready to adapt to these new
demands, said panelists at Profit &
Loss Forex Network Toronto conference last month.
Liquidity has been a big ...
Michael Spencer, the group CEO of Icap, claimed to be
“cautiously optimistic” about his firms’ future prospects despite heightened
uncertainty surrounding the macroeconomic outlook for the UK and the global
In a trading statement for the period April 1 2016 to ...