Tim Cartledge has been appointed global head of FX and head of product at EBS BrokerTec, amid a broader shift in the companies’ internal structure for its FX business.
In his new role Cartledge, who was chief strategy officer at the firm prior to this announcement, will be responsible for EBS BrokerTec’s FX business strategy and overseeing the EBS Product group.
As part of the new structure Jim Iorio has been made global head of sales and head of FX Americas, and will be responsible for the EBS Sales group and overseeing regional business activity for EBS in the Americas.
Darryl Hooker has been appointed as global head of metals and spot and head of FX EMEA. In this role he will be tasked with running the trading execution and prime and credit management groups. Hooker will also oversee regional business activity for EBS in EMEA.
Peter Kinsella has joined Commonwealth Bank of Australia (CBA) as a senior FX and rates strategist.
Based in London, Kinsella joins from Commerzbank, where he was head of emerging market economic and FX research.
In his new role Kinsella will be covering G10 FX and interest rate strategy from for CBA, focusing on macro economic and econometric trading strategies, both directional and relative value.
Prior to joining Commerzbank in 2011 as a senior FX strategist, Kinsella spent over four years as an FX and derivatives trader at Pioneer Investments in Dublin.
Stater Global Markets, a prime-of-prime brokerage launched in October 2016, has announced its core technology partners as well as the introduction of CFDs in indices and commodities.
Currenex, Integral and Flextrade have been selected as front-end platforms. Gold-i has been chosen as the bridge provider for Stater's MT4 White Label solution.
FXecosystem, who recently set up a point of presence in HK1 in Hong Kong and SG1 in Singapore, will provide connectivity. Stater Global Markets will use regulatory reporting services from NEX Abide.
Bryan Seegers, director and co-head of global e-FX coverage at ADS Securities will be leaving the firm on April 6, 2017, and returning to the US with his family.
In a statement issued today, ADS Securities says that Seegers “has made a substantial contribution to the company” during his time at the firm, which has been just under five years in total.
Seegers was initially responsible for driving the firm’s global electronic FX offering before assuming his current responsibilities of leading relationship management, client services, sales trading and liquidity management globally.
Jim Lubin, senior managing director at CBOE Futures Exchange, left the exchange at the end of March. He is starting a new venture, Beacon Hill Private Wealth Management, to manage the investments and wealth of individuals and institutions.
Lubin spent the past six years at CBOE. Prior to that he spent more than seven years at Hyman Beck & Co, working in business development and serving as COO. Before that buy side role, Lubin spent four years at Lehman Brothers as a senior vice president. He spent the first 19 years of his career at Merrill Lynch.
This week, Wednesday March 29, Profit & Loss Forex Network London takes place against the backdrop of UK Prime Minister Theresa May invoking Article 50, formally starting Britain's exit from the European Union. The conference represents a day filled with FX industry experts assembled to discuss everything from the Global Code to Brexit to Flash Crashes to the Liquidity Crunch and much more, kicking off with a panel of experts directly involved in crafting the Global Code, including the Bank of England’s director of Markets, Chris Salmon.
The Swiss National Bank continued to intervene in foreign exchange markets in 2016 with the intention of averting Swiss franc strength.
According to the central bank’s latest annual report, it bought a total of CHF 67.1 billion in foreign currency, from CHF 86.1 billion in 2015. The latter included intervention in the two weeks ahead of the central bank removing the EUR/CHF floor on January 15, 2015.
The SNB’s reported a profit of CHF 24.5 billion in 2016, following a loss of CHF 23.3 billion in the previous year.
Steven Englander, global head of G10 FX strategy, has left Citi according to market sources.
The US Commodity Futures Trading Commission's (CFTC) Division of Market Oversight (DMO) has issued a no-action letter which extends relief associated with swap trade confirmation requirements that was due to expire on March 31, 2017.
The letter extends the relief until the effective date of any revised CFTC regulations regarding trade confirmation requirements and is subject to terms and conditions in the letter.
The relief requires that a SEF continue to report all swap data that it is currently reporting.
A Singapore man has been sentenced to 16 weeks’ imprisonment for spoofing contracts for difference (CFD) markets in the city state.