JP Morgan
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
Dealers issue rallying cry for cross-currency benchmark reform
Global banks need to drive new standards for multi-rate swaps, say leading industry execs at Risk Live
Weston joins CIBC as head of funding and liquidity
Reilly Weston moves to the bank from Industrial and Commercial Bank of China
Schmeja becomes associated partner at Management & Advisory Services
Former head of FX Emea at Citi Private Bank is advisory board member at FX Prime
Fleischmann switches Crédit Agricole for Tradeweb
At the French bank she was global head of e-sales, fixed income and FX
IBM: interbank currency blockchains should address emerging markets
Banks and fintechs, including USC consortium, vie to build distributed networks for FX transactions
Swiss regulator hunts for hints in Credit Suisse FX probe
Five banks fined, two acquitted as Comco closes market-rigging probes
Tradepoint hires e-trading professional Dias-Patel from JP Morgan
Several more appointments planned to support expansion of new London office
European Commission fines five banks €1.07 billion for FX rigging
Cartel members co-ordinated trading strategies and exchanged client information
Central banks complete first blockchain currency swap
Monetary Authority of Singapore and Bank of Canada link experimental local payment networks
Gunter Grimm becomes FX strategist at Credit Suisse
Appointment follows institutional FX sales role at UBS
Ashton lands at Corellian Global Investments
After successfully fighting price-rigging charges in US, Christopher Ashton educates market participants on conduct issues
Traiana boosts risk controls for FXPBs
Providers can be more specific about the risks they are willing to take
Mosaic to bring real-time performance analytics to FX
Platform will be in production with a major client in third quarter
‘New normal’ sees FX volatility remain muted
Dovish stance of major central banks means volatility unlikely to pick up significantly