Tarbert Confirmed as Next CFTC Chairman

Heath Tarbert, currently acting under secretary for international affairs at the US Department of the Treasury, has been confirmed by the Senate as a member and the next chairman of the Commodity Futures Trading Commission (CFTC). He will replace outgoing CFTC chairman, Christopher Giancarlo, on July 15. “I would like to extend enthusiastic congratulations to […]
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CFTC Appoints Chief Privacy Officer

Charles Cutshall has been named Chief Privacy Officer of the Commodity Futures Trading Commission (CFTC). He will be responsible for providing policy and programmatic oversight of the CFTC’s privacy compliance activities and for managing privacy risks associated with the collection, maintenance, and use of personally identifiable information. Cutshall joins from the Office of Management and […]
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Changes at the Top for Former NEX Businesses

CME Group has appointed new heads to the EBS, BrokerTec and Optimisation business lines as part of its ongoing integration with NEX Group, which the exchange acquired last year. Jeff Ward has been named global head of EBS, having formerly served as global head of NDFs and forwards and head of EBS Asia, based in […]
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CLS Names New CEO

CLS has named Marc Bayle de Jessé as its new CEO, effective 2 December. He joins from the European Central Bank (ECB) where he is currently director general, market infrastructure and payments and chair of the Market Infrastructure Board. In his current role, de Jessé is responsible for defining and steering the implementation of policies […]
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Madgavkar Joins Integral

Former head of FX prime brokerage at Citi Sanjay Madgavkar has joined Integral Development’s executive team as chief strategy officer and head of business development. Madgavkar has spent much of his career at Citi and brings more than 20 years of experience in every aspect of foreign exchange to Integral. He will be responsible for […]
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Potter, Dzina to Step Down from NY Fed

Simon Potter, head of the Markets Group at the Federal Reserve Bank of New York and outgoing chair of the Global FX Committee, is to leave the NY Fed at the end of this week, it has been announced. As well as Potter, Richard Dzina, head of the NY Fed’s Financial Services Group is also […]
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Carmi Joins BitGo

BitGo, which provides custody services for digital assets, has hired Nick Carmi as head of financial services, based in New York. Carmi joins from Tower Research Capital (Tower), where he was global head of the FICC business. He will report to BitGo CEO, Mike Belshe. “Nick brings the right type of experience for BitGo to […]
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CLS Adds Four to Board

CLS appointed four new directors to its Board of Directors at its annual general meeting (AGM) on May 7. The new additions to the board are: Vidya Bittianda, general manager for risk analytics and insight at Westpac; Sheryl Kennedy, who until December 2018 was the CEO of Promontory Financial Group Canada; Edward Sterba, senior executive […]
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ACI UK to Pilot Global Code Training Course

Profit & Loss understands that ACI UK is working with Corellian Trading Academy to pilot a two-day training programme on the FX Global Code of Conduct. At the end of the programme delegates will have the option to take the ACI Global Code Certificate examination, which was launched by ACI globally in May 2018. The […]
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Foulger joins Tokkyo FX

Mark Foulger has joined the market making firm, Tokkyo FX, as its new head of sales. “My focus, as the head of sales is looking at expanding the Tokkyo FX distribution network,” Foulger tells Profit & Loss. “Tokkyo started out as a buy side prop trading desk. It had a heavily data driven approach to […]
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