Puth Takes The Helm At NY FX Committee

NEWS

NEW YORK -- David Puth, head of sales, trading and research for JP Morgan Chase's Rate Markets business in North America, was last week named as chairman of the New York FX Committee.

The committee, which functions as an advisory group for the foreign exchange market in New York, will focus on settlement issues and trading guidelines this year, Puth told FX Week.

T+1 -- clearing of settlement within 24 hours of the spot leg of a foreign exchange transaction -- will be the main focus, said

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