
Bank Of America & Chemical Pay Respects To Deceased Trader By Exiting Direct Markets
BANKS
The trading rooms of Bank of America and Chemical Bank in New York ceased direct market dealing on Tuesday, January 30 as a mark of respect to the friends and family of Peter Heiden, aged 30, of BofA who died over the weekend of causes not yet determined. Heiden was with BofA for the past year as a Swiss franc trader.
Heiden is survived by his wife Kerry Durels, a currency trader at Chemical, and two young children, Max and Thomas. Heiden began his career at Chemical and later joined Midland
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe
You are currently unable to print this content. Please contact customer services - www.fx-markets.com/static/contact-us to find out more.
You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@fx-markets.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@fx-markets.com
More on Regulation
Tariff volatility pushes banks to tighten close-outs
Lawyers say dealers are looking to update playbooks for terminating derivatives trades
Indonesian CCP seeks thumbs-up from US, UK and Japan
Growing foreign bank interest pushes IDClear to pursue regulatory approval overseas
FX defs look to calculation agents for close-out rates
New Isda rule book also set to streamline ‘impossibility’ standard for disruption events
Iosco pre-hedging review: more RFQs than answers
Latest proposals leave observers weighing new clampdown on pre-hedging
Isda to finalise drafting updated FX definitions this year
New definitions on disruption events and fallbacks are core focus
Iosco mimics industry codes to tackle pre-hedging dilemma
Advocates breathe sigh of relief, but Iosco release carries suggested restrictions
Doubts raised over new FX platform disclosures
New disclosure sheet template will require platforms to outline how they charge for data
The GFXC chair on the next steps for the FX Global Code
Gerardo García speaks about updating FX best practice, improving buy-side engagement and changes to the BIS’s triennial survey