Moises Michan, managing partner at Tanridge Capital, talks about the benefits of FX within a portfolio and explains how firms can benefit from more active hedging strategies
Profit & Loss: How long has Tanridge Capital been trading now?
Moises Michan: We started the firm about two years ago. We’re an FX-focused asset manager with three main products: alpha strategies, passive overlay and active overlay.
P&L: Prior to this you were on the bank side, correct?
MM: Yes, it was working on the bank side that I noticed a real gap in the FX market.
Petra Wikstrom, global head of Execution and Alpha solutions at BNP Paribas, talks to Profit & Loss about why FX TCA benefits from “a pragmatic engineering approach”.
Profit & Loss: When it comes to producing meaningful TCA, what are the big data challenges facing market participants?
Petra Wikstrom: Over the last five years we’ve seen a constant uptick in the electronification of FX, but the number of venues offering FX liquidity has increased far beyond that, which means that similar volumes are now offered across more venues.
Birgir Haraldsson and Mario Manna, co-founders of Nightberg, an independent macro strategy firm, talk to Profit & Loss about getting noticed in a crowded market and how data analytics is changing the traditional research model.
Profit & Loss: given your experience in the market, how have you seen financial research change over the years?
Mario Manna: Spending a lot of time on the buy side we’ve always been big users of research and it has changed quite a bit, in particular it’s become more siloed. So now you often have specialists carved out to cover a specific niche, firms have a US rates strategist, an EU rates strategist, etc, and so the research becomes narrowly focused and at risk of constantly reporting about a topic or asset when perhaps nothing much is happening.
Franck Mikulecz, managing director of the newly established clearing house FXCH, explains why
and how his firm is using distributed ledger technology to clear spot FX
Profit & Loss: You’ve launched a clearing house to clear spot FX using ...
Profit & Loss talks to Marshall Bailey, president of ACI -
The Financial Markets Association, about the implementation of the Global Code
of Conduct within the FX industry.
Profit & Loss: One of the biggest concerns
that is always brought up regarding ...
Profit & Loss talks to Kevin Taylor, managing director, Icap Information Services about why is market data increasingly seen as a big money business at a time when market participants appear able to access more data from different sources than ever.
Tony Dalton, Head of Global Foreign Exchange, R.J. O’Brien & Associates, talks with Profit & Loss about the importance of the entrepreneurial spirit.
Profit & Loss: What attracted you from a large bank to a boutique firm like RJ O’Brien?
Drew Douglas, regional head of payments and cash management
at HSBC North America, explains why there’s no “one size fits all” solution for
treasurers trying to improve their cash management workflows.
Profit & Loss: When
you talk to corporate treasurers ...
Eric Busay, senior investment officer at Mountain Pacific
Group, talks to Profit & Loss about
the growing barriers to entry in the FX market and why asset managers are so
focused on reducing tracking error.
Profit & Loss: As
someone who has ...
David Mercer, CEO of LMAX Exchange, talks to Profit & Loss about his views on the future of FX liquidity and the responsibility that trading venues have to monitor the trading activity taking place on their platforms.
Profit & Loss:
One big ...