Day: May 16, 2019

Arabadjis joins BNY Mellon in Newly Created Position

John Arabadjis has joined BNY Mellon as head of markets macro strategy product and analytics. In this newly-created position, Arabadjis is set to spearhead a wide-ranging overhaul of BNY Mellon’s macro strategy products and oversee the firm’s analytics team. Prior to this, Arabadjis spent 13 years at State Street, where he worked in collaboration with […]

Cusack Swaps Citi for Deutsche Bank

Paul Cusack has joined Deutsche Bank’s FX prime brokerage (FXPB) team in London. Hired as a director, Cusack will report into Dave Reid, managing director, global head of FXPB at the bank. Prior to joining Deutsche Bank, Cusack spent 15 years at Citi, where he was also a director in the FXPB business. Cusack has […]

Seed CX Launches Three Stablecoins

Seed CX has launched three stablecoins, PAX, USD Coin and TrueUSD, on its digital asset exchange. Through its subsidiaries, Seed CX offers a licensed, institutional exchange platform for trading digital assets, and plans to offer a market for Commodity Futures Trading Commission (CFTC)-regulated digital asset derivatives. The three stablecoins are set to begin trading against […]

Cobalt Reveals Pricing Model

Cobalt has published its core pricing and has committed to not increase prices in the future without client approval. Cobalt is set to charge $300,000 per annum for its core ledger license and its core credit license. The Cobalt unique transaction (CUT) identifier will be priced at two cents per trade or 0.5 cents per […]

ISAM Capital Markets Hires Two in Sydney

ISAM Capital Markets, through its subsidiary, IS Prime Australia, is expanding its APAC agency execution business with the hires of Angus Malone and Cal Portway in Sydney. Prior to joining IS Prime Australia, Malone and Portway were joint managing partners at VIA FX,  an independent Sydney-based voice and e-FX agency. Malone also has 15 years’ […]

EU Fines Five Banks for FX Manipulation

The European Union has formally fined five banks a total of EUR 1.07 billion for taking part in what the EU terms two “cartels” in the spot FX market, involving trades in 11 currencies. Two settlement decisions have been announced, the first involves a group called the “Three Way Banana Split” which sees a total […]

FIAPTG, CFTC Commissioners, Slam Commission Approval of ICE Speed Bump

The Futures Industry Association’s Principle Traders Group (PTG) has slammed the decision by the Commodity Futures Trading Commission (CFTC) to allow ICE to self-certify its Passive Order Protection mechanism, more commonly known as a speed bump. The PTG was joined in its criticism of the decision, which has already caused significant controversy in futures circles, […]