StanChart Sees Departures in New York, London

Standard Chartered Bank’s financial markets team has suffered some departures in recent months, with at least eight staff exiting New York and London. Jens Andersen, head of financial markets Americas trading in New York, has reportedly left the bank. Andersen, who joined StanChart in April 2017, was previously with Morgan Stanley, which he rejoined as […]
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FIA Announces New Board Appointments

FIA today announced that the Board of Directors has elected Nicholas Rustad of JP Morgan Securities as chair and Alicia Crighton of Goldman Sachs as vice chair of the FIA Board of Directors. Rustad had been serving as the Board’s vice chair and served as interim chair following the retirement of Citi’s Jerome Kemp earlier […]
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Fund Studio Debuts New Services for Buy Side

Fund Studio today announces the launch of an advanced managed service offering for hedge funds, CTAs and asset managers. Fund Studio Middle Office uses a combination of Fund Studio’s software and an internal managed services team to provide outsourcing of portfolio-related middle and back office activities for managers. Clients can now choose between a cloud-based […]
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Citi’s Wilson Joins Integral

Kevin Wilson, who spent the past 17 years with Citi in New York, is joining Integral as managing director, business development. Wilson brings extensive experience in the foreign exchange market, most notably within senior relationship management roles serving the hedge fund community to the FX technology provider. In his new role, he will be responsible […]
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Egger Joins Joins Crypto Firm SFOX

Shawn Egger has joined SFOX, a cryptocurrency prime dealer, as head of execution services, based in California. He will be responsible for the firm’s client-facing digital assets, smart order routing, algorithms, liquidity pools and prime services. Egger was most recently an SVP and FX sales trader at Jefferies in New York, which he left in August. […]
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After Five Positive Months, Hedge Funds in the Red

After a five-month string of positive results from April to August, which pulled the hedge fund industry out of the performance hole created in the first quarter of the year as the Covid-19 pandemic ramped up, hedge funds dipped negative in September. Industry-wide average performance stood at -1.01% in September, putting year-to-date (YTD) industry performance […]
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CME to Introduce Half Ticks in AUD

Following what it says was a successful implementation of reduced minimum price increments (MPI) in its G5 currency futures, CME Group is extending the concept to AUD/USD. CME says “We have conducted detailed order book analysis which, together with client validation, supports the reduction of the MPI for AUD outrights.” Therefore, from November 23, CME […]
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KGI To Launch Platform in Singapore

KGI Securities will launch its KGI MaxxTrader’s e-FX pricing and trading engine, which is a white label solution provided by FlexTrade Systems, in Singapore. KGI Securities says it has made the launch in support of the Monetary Authority of Singapore’s (MAS) vision for Singapore to connect global markets, support Asia’s development, and serve the economy. The […]
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Gomprecht Joins BGC

Robert Gomprecht has joined BGC Partners as managing director, algo sales, based in New York, according to sources. He reports to Paul Mutter, global head of Fenics sales. Gomprecht was most recently with Standard Chartered Bank, where he was head of e-commerce sales, Americas, where he spent the past five-and-a-half years. Prior to StanChart, Gomprecht […]
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Morgan Stanley Splashes $7 Billion on Eaton Vance

Morgan Stanley has entered into a definitive agreement to buy asset manager Eaton Vance for an equity value of approximately $7 billion. The manager has over $500 billion in assets under management and will be folded into an expanded Morgan Stanley Investment Management (MSIM), which will have over $1.2 trillion in AUM and over $5 […]
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