Month in Numbers

Bill Gross, managing director of Pimco, considers the possibility of a re-emergence of complexity and leverage

£2.3m

- the size of the bonus Eric Daniels, Lloyds' chief executive, has turned down in an attempt to defuse the political dispute about remuneration. However, it's unlikely Daniels will become destitute - he will continue to receive his £1.035 million base salary

1,733,262

- the record number of sides settled by CLS Bank on February 16 this year. This is an increase of 189,096 sides

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A tech revolution in an old-school industry: FX

FX is in a state of transition, as asset managers and financial firms explore modernizing their operating processes. But manual processes persist. MillTechFX’s Eric Huttman makes the case for doubling down on new technology and embracing automation to increase operational efficiency in FX.

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