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Citi Raises $4 million for Charities Through e-for Education Programme Citi’s fourth annual ‘E for Education’ charity campaign has raised $4 million for education-focused charities. The 10-week global charity campaign stretched across Citi’s offices in the United States, Europe, Middle East, Africa, Asia and Latin America. All proceeds will be evenly divided amongst seven charities. As was the case in previous years, Citi’s FX business donated $1 for every $1 million of FX transacted electronically. The campaign featured a series of activities involving local schools including classroom teach-ins by staff, student CV clinics and trading floor visits.
Celebrities Join Forces with the City to Combat Motor Neurone Disease Former England test cricketer Chris Broad and Good Morning Britain presenter Charlotte Hawkins will host a Celebrity Quiz Night at Minster Exchange in the City of London on January 18 2017 to raise funds for the Motor Neurone Disease Association (MNDA). Broad founded The Broad Appeal together with his son, England test fast bowler Stuart, and daughter, Gemma, in memory of his wife Michelle Broad who suffered from MND and passed away in 2010. Hawkins’ father, Frank, also passed away with MND in 2015.
Tradebook Raises Over $1m at Annual Charity Day Bloomberg Tradebook raised over $1 million at its fifth annual Charity Day on Thursday. The Charity Day originated in 2012, with the New York office of Bloomberg Tradebook donating the net commissions from its equities business on that day to five different charities. It has now evolved to include London, Hong Kong and – in partnership with BM&F Bovespa – Sao Paulo and will see the net commissions across all of the asset classes that Bloomberg Tradebook services donated to 20 different charities.
FX: A Risky Business? With the latest Bank for International Settlements (BIS) survey showing the first contraction in the size of the FX market since 1998, some market participants have commented that this is further evidence that the banks – long the principal source of liquidity – have stepped back significantly from the market. This has left a clear opening for alternative liquidity providers, some of whom have been very public about their ambitions in the FX market. Some of these alternative liquidity providers have been quick to emphasise the fact that they do hold positions and take risk in the market, as opposed to just recycling liquidity or arbitraging between different areas of the market.
Previewing Forex Network Chicago With less than one week to go before the industry’s premier FX conference, Forex Network Chicago, Profit & Loss has recorded a special “Chicago Edition” of its podcast “In the FICC of It”. The panel sessions will study all aspects of the current market structure with special focus on those areas most open to debate, this includes volatility levels, liquidity provision, the ubiquitous last look, and also the impact of the FinTech sector on the industry. To preview the conference, P&L’s managing editor Colin Lambert and deputy editor Galen Stops, have been discussing what they see as the key issues facing the industry, as well as how they expect the panel sessions to go. To access the preview, please click here, or go to the Media tab on the Profit & Loss website.
Creating a New Playbook: Forex Network to Address FX Market Vulnerabilities A number of geopolitical events – Brexit and the US presidential elections to name but a few – have led to ongoing currency volatility. What has the FX market learned about how the modern market functions in times of high volatility and ...
Danish FSA to Deliver Opening Speech at P&L Scandinavia Jesper Berg, director general at the Danish Financial Supervisory Authority, will deliver the opening keynote address at Profit & Loss Scandinavia on September 13. In keeping with the themes of the keynote, the conference moves directly to a panel focusing on market ...
Support MNDA at the Home of Cricket Cricket fans among P&L’s readership can help a charity this publication has, and continues to, support, the Motor Neurone Disease Association and also experience dinner in the historic Long Room at Lords Cricket Ground in London. A black ...
Multibank Platforms Look to Diversify Liquidity Options Multibank platform providers need to broaden the range of liquidity options that they offer clients in order to thrive in the diverse FX market ecosystem, said panelists at Profit & Loss' Forex Network New York conference. There has been much discussion ...
Keeping Pace With Changing Liquidity Conditions Although liquidity conditions are changing in the FX market, they are not necessarily getting worse, claimed panelists at Profit & Loss’ Forex Network New York conference. Although Kevin Kimmel, Chief Operating Officer, Citadel Execution Services FX, mentioned that FX market liquidity ...