Goldman Sachs
BNPP strengthens London FX options team
The French bank is out to capture additional market share
Iqbal returns to Goldman to head exotics trading
Adam Iqbal left Goldman in November 2017 for a portfolio manager role at Pimco
Khan joins UBS in New York
He returns to the US after having spent several years at Goldman Sachs in London
US dealers see Q2 Ficc revenues dip
While second-quarter revenues did not match the performance of earlier this year, they were higher than in Q2 2017
Goldman Sachs’s Temelkuran to join BNPP
Baris Temelkuran set to become global head of G10 FX options trading
Rise of the cyborgs: tech remakes the front office
Dealers “have no choice” but to change, says UBS’s Orcel – and plenty of changes are coming
BNY Mellon taps Moumdjian for global FX sales role
BNY Mellon unifies its global sales team under the leadership of Harry Moumdjian in the newly created role of global head of FX sales
Flow hires van Eck
Joeri van Eck joins from Goldman Sachs
Goldman Sachs widens e-FX coverage in Asia
Nelson Wong joins the e-FX sales team in Singapore as the bank seeks to mirror client clusters
Margolis swaps FXLM for private banking
Adam Margolis becomes head of FX advisory at Citi’s private bank after more than seven years in the bank’s FXLM team
DoJ asks for discovery stay in benchmark case until ‘Cartel’ case ends
US tries to balance need to protect ongoing criminal investigations and lawsuits with civil attorneys’ desire for additional testimonies
G10 FX revenues hit two-year highs – Coalition
The first quarter of 2018 saw a reversal of revenue contraction seen in the last two years, with profits up 20%
Goldman Sachs hit with $54 million NYDFS fine
Regulator slaps bank with fine for unsafe and unsound FX practices between 2008 and 2013
triReduce enhances compression
The firms says the new Trade Revision functionality can improve compression efficiency by up to 50%
Kamrath joins crypto-tech company Rubicon
Ray Kamrath was previously the global head of FX at Jefferies
More than 100 participants commit to FX Global Code
Global Foreign Exchange Committee plans to launch Global Index of Registers before June meeting
Sada-Paz to start at Barclays on July 2
Mauricio Sada-Paz quits Bank of America Merrill Lynch to become global head of e-Ficc at Barclays
JP Morgan dominates G10 FX revenues for 2017 – survey
Coalition’s investment banking survey shows the US dealer garnering the highest revenues in the space; HSBC jumps to second place
Antitrust attorneys prepare to depose UK traders
Despite the court extending a partial stay on depositions until June 8, lawyers have been granted access to interview some UK-based people
Antitrust claims deadline extended to May 16
Investors seeking to receive part of the $2bn-plus settlement have two more months to file a claim as the deadline is pushed back from March 22
Ficc revenues tank at US banks
Revenues were dampened by low volatility throughout most of 2017, among other factors
FXSpotStream adds State Street as LP
Execution venue records highest-ever average daily volumes in January
Goldman Sachs discloses max last look hold times in FX
Past behaviour may subject clients to a 200 millisecond hold period, as US bank tries to avoid losses
Hancox and Pena exit Morgan Stanley
Dudley Hancox and Andrew Pena were senior members of the bank’s FX sales team