Reading the judgement on the latest leg of the legal action brought by CFH Clearing against Merrill Lynch over SNB-day activities five and half years ago, I find myself thinking that neither party comes out of the affair particularly well. On one hand we have a customer executing without due care and attention; on the […]
Tag: CFH Clearing
The UK Court of Appeal has dismissed an appeal by CFH Clearing to have a judgement in favour of Merrill Lynch International (MLI) overturned – the original case relates to 27 trades submitted to MLI’s trading platform by the broker in the immediate aftermath of the Swiss National Bank removing the EUR/CHF floor at 1.20. […]
CFH Clearing says it has enhanced its data analytics offering to provide clients with better data on liquidity management. The tools, which were developed in-house, pave the way for what CFH says will be a real-time interactive liquidity dashboard planned for launch in 2020. “The data we collect from each broker and LP enables us […]
Prime-of-prime brokerage CFH Clearing has added news sentiment data tools and an enhanced multi-asset newsfeed to its platforms, delivered through news technology company, Acuity. The news and data, provided by Acuity in partnership with Dow Jones, covers up to 2,500 markets including currencies, indices, commodities and stocks. The service uses machine learning technology to reveal […]
CFH Clearing is now offering trading in single stock CFDs for retail brokers and high net worth individuals. CFH Clearing, TradeTech Group’s liquidity provider and prime-of-prime, will allow the single stock CFDs to be traded via all existing trading platforms and distribution channels, including MT4, MT5 and FIX API. The CFDs can also be fully […]
CFH Clearing is now offering trading in aluminium, copper, nickel, lead and Zinc against USD. This latest development is the first in a series of new products and asset classes being launched by CFH Clearing. The Financial Conduct Authority (FCA) regulated firm says that it has secured pricing for its base metal liquidity as a […]
CFH Clearing has appointed legal and compliance expert, Julia Free to its Board in an internal move.
Free, a qualified solicitor, has been promoted from compliance officer to director at CFH Clearing. As part of her new remit, she will take on the role of money laundering reporting officer (MLRO) and has gained a CF11 accreditation with the UK’s Financial Conduct Authority (FCA).
Free’s promotion coincides with what CFH terms “a restructuring at CFH Clearing to merge legal, compliance and onboarding into a single department to create enhanced efficiencies for its institutional clients”. She will head up this combined function.
“We are delighted to welcome Julia to the CFH Board. Her appointment in this newly created role highlights the priority we give to ensuring our legal and compliance obligations are at the forefront of all decisions we make for the organisation,” says Matthew Maloney, CEO, CFH Clearing. “Julia has an in-depth understanding about our business as well as the increasingly complex legal requirements we need to adhere to as an FCA regulated firm with a global client base. She will be an asset to our Board and thoroughly deserves her promotion.”
CFH Clearing has formed a partnership with OneZero Financial Systems to enable it to provide local liquidity from New York (NY4) to brokers and banks. The firm now offers local liquidity and connectivity from both New York (NY4) and London (LD4) through OneZero and becomes a key part of the OneZero hub environment.
“This complex integration takes our overall offering to the next level as clients can trade in both LD4 and NY4 with a single centralised back-office account,” says Marc Levin, chief commercial officer, CFH Clearing.
CFH Clearing has hired Michael Bleys as vice president, sales, EMEA, and handed existing employee, Harry Fry, a newly created business development role.
Bleys joins from Sucden Financial, where he spent over five years in the firm’s e-FX division. His career also includes five years at Saxo Bank in both London and Copenhagen, where Bleys was a sales trading manager, and a year at Barclays Wealth and Investment Management as vice president, FX derivatives. He will be based in London, with a remit covering brokerages, regional banks and funds.
Prior to his new role, Fry spent the past two years working in CFH’s client services team. Before that, he was employed by JP Morgan Asset Management, initially as a UK funds consultant and later as an oversight analyst.
CFH Clearing has appointed Andy Biggs as head of liquidity, a newly created role aimed at bringing a stronger analytical focus to its liquidity offering.
In this new role, Biggs will manage CFH teams in London and Hong Kong and will also work in partnership with CFH’s technology team in Copenhagen. His remit includes developing CFH’s liquidity suite, advising clients on the most appropriate tailored liquidity solutions and managing relationships with liquidity providers.
Biggs joins from IS Prime, where he was head of liquidity for the last three years. Prior to that he was in institutional sales roles at both Sucden Financial and ICM Capital.