Citi
Profit & Loss understands that Chirag Patel has joined HSBC in London as a managing director in its FX trading business. He joins from Citi where he was most recently head of FX spot trading having taken that role after a sabbatical from his role as head of FX options trading. Patel worked for Citi […]
No report card required here, for we are describing is a remarkable achievement, one that has been accomplished only once before in the last nine years of these awards, a decade at the top of the tree and one of our gold plaques. It has to be said that in 2011 when we gave the […]
P&L Report Card Well, we thought we were done with this award as one of our top awards thanks to there really only being two major players – Citi and JP Morgan – in the game, but, not for the first time, how wrong we were! Global lockdowns have led to a surge in working […]
Rather than, as it has been in previous years, this award reflecting the editor’s (in this case managing editor’s) view of the platforms, we have decided to make it a recognition award. Our thoughts on the various platforms are littered throughout this feature so there is no need to go over old ground, therefore the […]
Much of what we could say about Velocity has already been written, so we would refer readers to the awards for Best Mobile App, Editor’s Choice and the Special “Decade” Award to reinforce this section, which will look at the pieces of this superb platform not already covered. It is hard to know where to […]
Connectivity solutions provider TransFICC has closed a Series A investment round for £5.75 million. Led by AlbionVC, it included new strategic investments from ING Ventures and HSBC, who join existing shareholders, Citi, Illuminate Financial, Main Incubator (the R&D unit of Commerzbank Group) and The FinLab. The investment will be used to extend product and market […]
The winners of the 2020 Digital FX Awards were unveiled during a Zoom Happy Hour that followed Profit & Loss’ first ever Dial-in Day, which attracted over 500 attendees. For the seventh year in a row, UBS won Best Multi-Asset Class Platform for Neo, the bank also went home with four other Awards. Continuing what […]
As we reported at the start of this week, Citi formally confirmed what most of us knew, that it was cutting the number of connections to its FX business. I see this as the start of a process, however – nowhere near the end – one that also reflects what is likely to be a […]
Citi’s foreign exchange business has confirmed it has imposed changes to its vendor platform requirements, resulting in the 12 of 53 connections to the bank being terminated, although sources familiar with the matter tell Profit & Loss that further changes and cuts are likely in the months ahead. As part of the new requirements, Citi […]
CLS says that Actinver, BNP Paribas, Citibank and JP Morgan are live on CLSNet, the utility’s standardised, automated bilateral payment netting calculation service for over 120 currencies operating on a distributed ledger technology (DLT) platform. This means there are now nine market participants live on CLSNet, including Bank of America, Bank of China (Hong Kong), Goldman Sachs, Intesa Sanpaolo […]
