Standard Chartered
DoJ seeks stay on benchmark case discovery
Antitrust division tells court the request is to protect the integrity of ongoing cases
Awards: Standard Chartered
Standard Chartered has been voted Best FX Prime Broker Bank at the 2018 FX Week e-FX Awards
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
Lowe to join State Street as global head of trade services
She will report to Greg Fortuna, global head of GlobalLink Solutions, and David Newns, global head of GlobalLink Execution Services at SSGM
StanChart considers adding two members to FX team
It is understood the bank is looking at Haskins from HSBC and Tretola from Nomura
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
Wood trades Edgewater for Mirexa
Wood is a veteran EM currency specialist who began his career at Standard Bank in South Africa
Shaffer joins StanChart’s FX options team
Eric Shaffer spent 13 years at Citi before making the move
Cost of credit no longer about the end-client, panellists say
Instead, it reflects the cost of major participants taking risk amongst themselves due to margin rules
Seven sign up for CME’s over-the-counter NDF-clearing launch
The exchange is set to launch the service in the first quarter of 2018
GFXC hopes for Principle 17 decision on November 15
Committee publishes responses to its consultation on last look and will meet to decide on the subject on November 14
Asian buy side faces non-cleared margin currency penalty
Global banks charge premium for accepting local securities instead of major currencies
Deutsche settles FX rigging case for $190m
Credit Suisse now the only holdout defendant in the case that involves 16 major banks
StanChart sees some EM weakness next year
Concerns remain over the political situation in Brazil
Clearing will grow, but co-exist with PB, panellists say
CCP fees need to come down, NDF clearing expected to grow, but structured products will remain the domain of prime brokers
TD Securities adds North to e-FX trading team
Martyn North will manage the bank’s e-FX platform in Europe
StanChart hires Greiner for G10 trading
David Greiner recently worked at Nomura
Standard Chartered hires in London and Singapore
Patodia becomes head of G10 FX options for Asia; Suave joins the London corporate sales team
Investors must sue outside US to recoup FX losses, urge lawyers
Lawyers say the extent of collusion is clear, following recent settlements by five banks
Li and Lombardi join Credit Agricole CIB
The bank makes two senior hires in its global markets research division in New York
Andersen heads up trading at Standard Chartered
Jens Andersen was most recently a managing director and global head of strategic trading at Morgan Stanley
Molly Duffy moves to Standard Chartered as head of sales
Duffy, who was previously at Credit Suisse, will also serve as co-head of financial markets in the Americas