Day: 16 December 2018

In the FICC of It

In this week’s podcast, Colin Lambert and Galen Stops take a look at the first in-depth analysis from a broker of the CME-NEX deal and while they accept that much of what was written was already known and had been discussed there were a few nuggets of useful information in there.
On the subject of mergers and acquisitions, they also discuss the recent changes at Refinitiv and clarify their thoughts on potential M&A activity involving that firm’s Matching, Dealing and FXall businesses. Will firms be willing to splash the amount of cash required to complete such a deal? Who would be the best buyers for the combined business or elements thereof? This and more is discussed.
In a quite remarkable conclusion, they close out by expressing sympathy for a regulator – something unlikely to ever happen again – before Lambert offers listeners the benefit(?) of his experience of trading Cable with a trading recommendation as the Brexit saga continues…what could go wrong?

Malhotra Back to Barclays

Gaurav Malhotra has joined Barclays in Singapore as director with responsibility for the e-FX business in the Asia Pacific region, Profit & Loss understands.
The move represents a return to the firm for Malhotra who worked for Barclays for six years, latterly as head of e-FX spot trading for Asia Pacific, before moving to UBS in Singapore. Having spent more than seven years at UBS, Malhotra left the Swiss bank earlier this year to return to Barclays. The move continues Barclays’ FX build out.