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FX Manager Update
Been slacking on the posts lately - lot going on.
As always Phil and Ian getting going. Ian has logins and such and has the green light - the sales fee is waived for now for clients, will be adding fees fairly soon depending on performance, so good time to get in. Phil should be starting soon too but I expect a couple more days on him. PFG to start for both. I like them both as we will know pretty quick with low relative drawdowns if they're for real.
New month so Devrim may start trading anytime.
HVB en fuego, up nearly 4% today, nice way to start a new month.
Lunched and met with the top two guys at ADM's Derivatives FX division, like them a bunch, seems like a terrific operation, we'll see how that relationship goes. Low fees. Also Fimat/Newedge London going well, spoke with them this morning as well, pretty excited about a solid bank relationship. Really low fees.
Had word from our old friend who used to make money nearly every day - will be chatting with him Monday, he has a new program coming out, numbers look stellar. Have a good comfort level with him as he's made us great money in the past. Looking forward to that call.
007 finishes the month up 1.75%, a far cry from its track record but still nice to see a positive month.
Bankedge STILL waiting for an AUD break but making money on other trades. CBM haven't heard but I believe the month was very ugly for them. ForexMx ends the month off over 2%, first two month losing streak ever according to their track record.
SPCM down some on the month - 2 in a row for them too.
Off to Jazzfest in N'Awlins tomorrow afternoon for a bachelor party with my sailboat racing buds - should be a great time. Get to see my friend Jimmy Buffett amongst many others play live.
Forex Traders
SPCM coming along, more items are in place. Shouldn't be long. Meeting with CBM for a bit on Thursday, I hear they are in town. ForexMx up a few percent recently, I'm more excited about that trader after a few positive days and having spoken to him. They made an accidental overcharge right today, which is always a good thing. HVB doing well the last few days. 007 haven't heard. Devrim recovering a few percent, off 1-2% on the month now. Blended up 2.5% on the month, I'm liking them better and better, seems they don't take too much pain, but have decent upside. Will keep watching. Zone getting easier to work with, liking them too.