Tag: BNY Mellon

BNY Mellon

BNY Mellon, Deutsche Bank, Unveil Restricted Currency Custody FX Solution

BNY Mellon and Deutsche Bank have jointly developed a new API-enabled FX solution they say can “dramatically improve confirmation times for restricted emerging-market currency trades”. The digital solution, initially being applied to custody FX transactions in Korean won, aims to reduce the pre-trade lifecycle to seconds from hours, minimising the operational burden and manual intervention […]

Dempsey Joins BNY Mellon

Darren Dempsey has joined BNY Mellon in London as senior principal trader in the bank’s spot FX team, he will be responsible for trading G10 spot across the EMEA region. Dempsey joins from Stone Milliner Asset Management where he was a trader on the fund’s multi-asset principal execution desk for almost the past six years. Prior […]

And Finally…

In a strange quirk of timing, just a day after I published my thoughts on the need for traders to escalate issues, we got news of a whistleblower being awarded $50 million, purportedly for revealing details of how a bank harmed customers. In Thursday’s column I argued that the trader who last week told a […]

BNY Mellon Latest to Connect to Singapore FX Hub

BNY Mellon has unveiled plans to build a high-performance FX pricing and trading engine in partnership with the Monetary Authority of Singapore (MAS), the latest milestone as the bank continues to enhance its foreign exchange presence in the region. The bank will establish new low-latency electronic FX infrastructure in Singapore, helping to improve execution quality and price […]

Strategist Yu Joins BNY Mellon

Geoff Yu has joined BNY Mellon’s Markets business, assuming the position of primary market strategist in EMEA. In addition to his responsibilities providing clients with insight and analysis into market developments, Yu will become a regular contributor to BNY Mellon’s daily Aerial View market commentary series and joins from UBS Wealth Management, where he most recently served […]

Shah Joins BNY Mellon

Paresh Shah has joined BNY Mellon as global COO of the bank’s FX business. His will be based in New York, and in his new role as a member of the FX management team he reports directly into Jason Vitale, global head of FX at BNY Mellon. Shah joins from HSBC where he spent two […]

CFTC Fines Six Banks for Reporting Failures

The US Commodity Futures Trading Commission (CFTC) has issued six banks with regulatory orders over reporting failures. The six banks; Bank of New York Mellon, HSBC, Natwest Markets, Northern Trust, PNC Bank and Societe Generale were collectively fined more than $6 million over the failures – Northern Trust and SocGen were also charged with failure […]

What is the Truth About FX Market Liquidity?

Ask three different people in the FX market what liquidity conditions are like today and you might get three very different answers. For example, one person might argue that there is less liquidity in the market today as regulations have seriously hampered both the ability and willingness of many banks to hold significant risk. On […]

BNY Mellon Hires Tenengauzer as Derrick Retires

BNY Mellon has appointed Daniel Tenengauzer as head of markets strategy and insights and leader of its Aerial View market commentary platform. He will also act as a media spokesperson for BNY Mellon on global macroeconomic and geopolitical issues, succeeding current strategy chief, Simon Derrick, who is retiring at the end of October. Tenengauzer started […]

Vitale Named Global Head of FX at BNY

New York-based Jason Vitale has been promoted to global head of FX at BNY Mellon, a spokesperson confirms. Vitale most recently served as the bank’s COO of FX markets and global head of client execution services. Vitale joined BNY in March 2017 from Deutsche Bank, where he’d spent 15 years, last as co-head of listed […]