JP Morgan
Hu joins Morgan Stanley in macro sales
After eight years at JP Morgan in London, new role in Hong Kong beckons
Former JP Morgan FX trader faces trial for price fixing
New York resident Akshay Aiyer is accused of conspiring to manipulate prices in CEEMEA currencies
Chapin leaves Credit Suisse
Industry veteran worked at the bank for 15 years and oversaw New York sales
FSB raises pressure on stablecoins as firms abandon libra
Several major payment firms have distanced themselves from the project amid regulatory scrutiny
Wade becomes global head of treasury services FX at JP Morgan
Former head of eFX sales at Goldman Sachs joins this month
JP Morgan traded $250 billion via NDF algos this year
A fifth of all the NDF algo volumes conducted by JP Morgan’s clients is being internalised
Weisberg joins oneZero Financial Systems as executive vice-president
The FXall founder moved to the firm earlier this month
Singapore’s e-FX strategy blossoms as Apac competition heats up
Euronext FX launches matching and pricing engine today, while JP Morgan is latest to announce plans in the city-state
Regulators meet in Basel to grill stablecoin backers
Conference convened by G7 stablecoin group includes Libra Association, Fnality and JP Morgan
Spotex expands institutional offering with JP Morgan and NatWest
The banks’ prime brokerage desks seek diverse liquidity pools that could lead to better execution for their algos
Margolis moves to JP Morgan Private Bank
Citi’s former global head of FXLM bank sales joined the firm this month
BidFX recruits Wai Kin Chan
Morgan Stanley’s former head of e-FX, bank sales and prime brokerage for Asia-Pacific joined earlier this month
Capitolis hires Molluso as CFO
Joseph Molluso is set to join the firm in October
JP Morgan to bring e-FX trading and pricing engine to Singapore
The bank’s scheduled 2020 launch will help consolidate Singapore’s position as Asia’s leading FX trading centre
Winners of the 2019 FX Week Asia Awards
The awards acknowledge the growing importance played by market participants in Asia-Pacific in FX
FX class action could run into billions – UK class representative
Given London’s share of the FX market, the damages sought could be greater than those received in the US
Buy side continues with IM prep despite delays
Firms looking at custodian types, docs and trading strategies to optimise margin
FX last look: how non-banks stack up
Research shows patchy disclosures plus differences from banks on pre-hedging and rejected orders
Goldman Sachs and JP Morgan go live with CLSNow
Unlike CLS’s main settlement tool, CLSNow lets banks settle FX positions on the same day
Baton hires Choussy as it eyes scale and client expansion
Choussy has been appointed president and chief operating officer
Collective UK action brought against FX cartel banks
Banks targeted are those that took part in the ‘banana split’ and ‘Essex Express’ cartels
US banks see Ficc earnings drop in Q2 2019
Results subdued due to depressed volatility and low client activity
JP Morgan tells HFTs: you’re ‘all finding homes’
But credit intermediation space has inefficiencies that more kill switches would address, conference hears
Banks and prop shops expect more trading tie-ups
NDFs and FX swaps will increasingly trade on screen, but latter product gives banks advantage over non-banks