Citi Hires Custody and Fund Services Head

Mark Ersser has joined Citi’s custody and fund services business as the head of client reporting product for EMEA. In this role, he will drive the product expansion of Citi’s middle office client reporting solution for its asset manager clients. He will be based in London and report to Paul Kilcullen, head of custody and […]
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Digital Vega Continues Expanding Ahead of 2020 Launches

Digital Vega is continuing to ramp up its business ahead of a series of new launches this year with the hire of Rob Wemyss as a non-executive director and head of business development. Wemyss, who joins after 25 years with JP Morgan where he was global head of FX options, is the latest in a […]
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StanChart Claims Latency Gain from Singapore e-FX Engine

Standard Chartered Bank says it has executed its first FX trade using its newly set-up FX e-pricing engine in Singapore with a “significant” reduction in latency. The bank established its e-engine in the Singapore hub with support from the Monetary Authority of Singapore (MAS), which established and initiated a plan in 2017 to encourage more […]
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Redeker Leaves Morgan Stanley

Market sources say that Hans Gunter Redeker left his role as global head of FX strategy at Morgan Stanley in London last month. Redeker has been with Morgan Stanley since March 2011 when he joined the bank in the global head role after an 11-year career at BNP Paribas – most latterly as global head […]
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Green New CEO at Kooltra

Kooltra, a provider of cloud-based, integrated middle and back office technology for FX markets, has appointed James “Jay” Green as chief executive officer. Green succeeds founder Adam Katz, who will become chief product officer and lead Kooltra’s product strategy, engineering and product development teams. Prior to joining Kooltra, Green worked in a consultancy role having left […]
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Dexeus Handed New Role at TD Securities

Iván Dexeus has been handed a new role at TD Securities, where he will now be tasked with leading the firm’s regional FX business out of Dublin. When asked whether Dexeus’ new role and relocation from London to Dublin was a reaction to Brexit, a spokesperson for TD Securities says that as part of the […]
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GCEX Partners with PrimeXM

GCEX, a digital asset and currency trading platform, has successfully integrated with PrimeXM’s XCore, a low-latency aggregation, risk management and reporting trading system. The PrimeXM partnership will allow participants of the XCore community to access GCEX liquidity. XCore is installed and managed by PrimeXM’s infrastructure in the LD4, NY4 and TY3 Equinix data centres. Lars […]
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Central Bank Group to Assess the Case for Digital Currencies

Six central banks, along with the Bank for International Settlements (BIS), have created a group to assess the potential use cases for a central bank digital currency (CBDC) in their home jurisdictions. The central banks involved in the group are: the Bank of England (BoE), the Bank of Japan (BoJ), the European Central Bank (ECB), […]
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CLS Volumes Decline Marginally in December

The average daily volume (ADV) of trades submitted to CLS was $1.6 trillion in December, down 0.5% month-on-month, but up 2.8% year-on-year. Swaps trades accounted for $1.1 trillion of this total ADV last month, down 8.3% from the $1.2 trillion recorded in November 2019, but up 4.6% compared to December 2018. The total ADV of […]
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Broadway Rolls Out New Functionality for FICC Platform

Broadway Technology has rolled out new functionality for repo trading on its FICC trading platform, introducing complete and automated workflows for trading, hedging and collateral management on a global scale. This functionality – called RepoTrader – aims to integrate and streamline the repo trading lifecycle for major institutions. It encompasses connectivity to multiple repo markets, […]
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