Joe Parsons
Deputy Editor, Global Markets at Risk.net
Los Angeles Chargers and Chelsea Fan, Deputy Editor of Global Markets at https://t.co/eb5prLlpxn and https://t.co/ZAkoYx0Bdh, all opinions my own
Articles
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1 week ago |
risk.net | Joe Parsons
Conflicting interpretations of European digital assets legislation are hinderingthe development of euro-denominated stablecoins, according to Don Wilson, chief executive of DRW Holdings. As a result, Wilson said European capital will continue flowing into US dollar stablecoins, which typically invest in US Treasuries, and away from European government bonds.
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1 week ago |
risk.net | Joe Parsons
Tokenised collateral is unlikely to see widespread adoption anytime soon, according to clearing banks, despite a series of recent tests proving its viability.
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2 weeks ago |
risk.net | Joe Parsons
Kevin Kimmel, the global head of electronic foreign exchange at Citadel Securities, has left the firm, according to sources familiar with the matter. Kimmel leaves after 11 years at Citadel. Most recently, he ran the firm's currency trading business, which ranks as a top three market maker across major spot and futures venues. Kimmel was based in New York.
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3 weeks ago |
risk.net | Joe Parsons
Deutsche Bank is shifting gears on its proprietary foreign exchange trading platform, offering access to certain workflow elements via third-party platforms - as clients continue to migrate towards these venues. For years, banks have tried to divert FX traffic from the multi-dealer platforms by offering value-added services.
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1 month ago |
fx-markets.com | Joe Parsons
The deal contingent (DC) hedge market has been making a comeback, after President Trump’s chaotic tariff policies in April led to a sharp dropoff in public merger deal activity amid the widespread economic uncertainty. “The tariff discussions and news flow saw a lot of timelines pushed out, but I feel deals are coming back in now, and we’re getting quite a lot of inbound requests of substantial size,” says Edmund Carroll, head of FX, rates and commodities corporate client solutions at UBS. The
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Hedge funds that used exotic FX derivatives to buy cheap forward exposure to volatility around the US presidential election are beginning to rack up profits https://t.co/T9xM962PFB
RT @LukasBeckerRisk: Corporates have also looked at options-based strategies to limit negative carry, and tweaks to cross-currency swaps to…
With growing interest in the role of non-bank market makers, an attempt to force XTX Markets to reveal its FX trading algorithms and source code in a US court case has been rejected https://t.co/e1JigsDmWg