Iorio Joins ExodusPoint

Former NEX Group and CME senior staffer Jim Iorio has joined ExodusPoint Capital Management in London as CEO for Europe. According to his LinkedIn profile, Iorio has joined the fund, which was established in 2017 by Millennium Management alumni Michael Gelbrand and Hyung Lee. Both men also formerly worked at Lehman Brothers in senior fixed […]
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RBC, TD, Settle FX-Related Fines

Royal Bank of Canada and TD Bank have succeeded their bid to settle a regulatory action brought by the Ontario Securities Commission (OSC) over compliance failures in their FX businesses by paying a combined CAD 24.45 million. The OSC approved the agreements on Friday, noting that the failures allowed RBC and TD FX traders to […]
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MAS Established Benchmark Transition Team

The Monetary Authority of Singapore (MAS) has announced the establishment of the Steering Committee for SOR Transition to SORA. The committee will oversee an industry-wide interest rate benchmark transition from SOR to SORA. SOR is a key interest rate benchmark in Singapore that is used in the pricing of SGD interest rate derivatives, commercial and retail […]
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Gemini Added to CME Crypto Data

Gemini digital asset exchange data will be included in the CME CF Reference Rates and Real Time Indices for both Bitcoin and Ether from Friday August 30, the exchange has announced. The CME CF Bitcoin Reference Rate, is used to settle CME Bitcoin Futures, with cryptocurrency indices provider CF Benchmarks being the Administrator for the […]
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ASIC Vows to Bring OTC Markets Supervision in Line with Listed

In its latest five-year Corporate Plan, the Australian Securities and Investment Commission (ASIC) has confirmed previous hints that the regulator’s wholesale OTC market oversight will be brought into line with those in listed markets In the report, ASIC states, “We are enhancing our oversight of market infrastructure providers and intermediaries in wholesale over-the-counter (OTC) markets […]
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NAB Survey Highlights Growing Internalisation at Fund Managers

As well as highlighting a greater focus on currency amongst managers, the NAB 2019 Superannuation FX Survey also highlights changing FX business structures at funds with a growing number taking more care over their execution policies. The survey confirms the 2017 survey’s finding that currency risk is an important consideration in their investment decisions in […]
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Koslowske Joins Dressler Consulting

Thomas Koslowske has joined Dressler Consulting as a business development executive. Dressler is a US-based consultancy firm that offers strategic technology consulting, software development, data services, advanced analytics, automated quality assurance and artificial intelligence/machine learning solutions. Based in New York, Koslowske joins from FXall, where he had held the role of director, FX transactions sales, […]
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RBC, TD in the FX Regulatory Firing Line

The Ontario Securities Commission is to hold a hearing at which it will be decided whether to accept settlement offers from the Royal Bank of Canada and TD Bank over the banks’ alleged insufficient controls over and failure to adequately supervise their FX businesses. The hearing will be heard tomorrow (August 30) in Toronto and […]
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TrueDigital Partners with Crux

TrueDigital, a provider of institutional-grade products to the crypto space, has announced a partnership with Crux Informatics (Crux), a cloud-based platform and managed service that provides data delivery and operations at scale. Through this partnership, trueDigital OTC cryptocurrency reference rates will be available to its institutional customers. These indices will provide the crypto community with […]
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NAB Superannuation FX Survey Highlights Currency’s “Coming of Age”

NAB’s ninth biennial Superannuation FX hedging survey highlights what Ray Attrill, head of FX strategy at the bank, terms “seismic shifts” in how managers of the fourth biggest pension pool in the world, think and handle their currency exposures. “The fact that the majority of managers are now thinking of currency through the same lens […]
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