Month: November 2015

Citi wins Lawsuit against Tormar

A New York court has ruled in favour of Citi in its dispute with joint family office and global macro-oriented trading firm, Tormar Associates over the events of January 15 in the Swiss franc. J. Paul Oetken, district judge in the US District Court, Southern District on New York, found for the bank last week […]

On the Move

Citi, EBS Brokertec McCappin Promoted at Citi  Brian McCappin has been appointed head of investor sales at Citi according to market sources. McCappin, who is based in New York, replaces Misbah Shah. Bapi Maitra has been appointed COO and will report to McCappin. Marston Joins BrokerTec Serge Marston has joined Icap’s BrokerTec, from Deutsche Bank […]

And Finally…

Let’s try to get away from liquidity, legal
events and regulatory change for just one day at least….no, can’t be done, in
fact the subject of last look covers all three!

The Barclays’ internal emails released by

Will the Fed Spring a Hawkish Surprise?

Following the hawkish October FOMC meeting and November’s near ‘perfect’ employment report, it has almost become a given that the Fed will raise rates in December, with Fed Fund futures assuming a 70-80% probability. Markets of all hues have already discounted this, but the surprise may then be the future path of rates-although our central […]

Stimpson Victory Could be “Pyrrhic”

While Perry Stimpson succeeded in winning his case for unfair dismissal against Citi he has “not necessarily cleared his name”, according to one employment law expert. Dan Begbie-Clench,? partner at employment law firm ?Doyle Clayton Solicitors, says it’s important to highlight two points because “this may turn out to be a pyrrhic victory for Mr […]

R3 Assembles Distributed Ledger Initiative Team, Adds Banks

R3 has announced the team that will be in charge of designing and developing distributed ledger technology for the financial industry in partnership with its member banks. The team will be led by Richard Gendal Brown and includes James Carlyle, Mike Hearn, Ian Grigg, and Tim Swanson. The new appointments are based across New York, […]

Goldman Says Go Long USD Against EUR, JPY in 2016

Goldman Sachs has released the first six of its ten top trades for 2016, including two FX recommendations, against an “unusually uncertain” backdrop of Fed rate hikes, ECB easing and volatile oil and metal prices. The bank says that while the Fed is widely expected to hike rates in December, the flight path the FOMC […]

FX Retail Traders Say Discipline and Risk Management Are Most Important

Oanda has surveyed its traders to uncover what is most critical to their trading performance and provide tips for new traders for 2016. The findings also challenge misconceptions about the risk appetite of retail FX traders, the firm says.  When asked about the key attributes of a successful trader, being risk aware was the first […]

Bellotti Exits ANZ?

Market sources tell Profit & Loss that Steve Bellotti has resigned from ANZ where he was global head of markets. Bellotti joined ANZ in March 2010, and was based in Sydney. Prior to working at ANZ, Bellotti was head of capital markets at Dresdner Kleinwort and held several managing director positions at Merrill Lynch.  Profit […]

And Another Thing…

So the cat, as they say, has well and truly been thrown amongst the pigeons. The knee jerk reaction in my inboxes to the judge finding for Perry Stimpson in his unfair dismissal case against Citi was very positive and people (not just traders and former traders) seem pleased for him. In part this is […]