Tag: Citi

Citi

In the FICC of It

With the disclaimer that one only has a degree in English Literature (the other keeps his 5 O levels quiet) Colin Lambert and Galen Stops ignore their lack of expertise and dive back into the legal world in this week’s podcast as they look at the big issues in the FICC world. Stops explains the […]

Ramchandani Files $112m Lawsuit Against Citi for Malicious Prosecution

Rohan Ramchandani, who was acquitted of FX market manipulation by a jury in New York last year, has filed a lawsuit against his former employer, Citi, alleging “malicious prosecution” by the bank against him and seeking $112 million in damages. In documents filed at the Southern District of New York Court today, Ramchandani claims that […]

Wood Switches UBS for Citi

Colin Wood has moved to Citi to work in prime services sales. Based in London, Wood joins from UBS, having spent over 14 years at the Swiss bank in the same role.

FXPB: It’s Been a Bumpy Road

Galen Stops charts the ups and downs of FX prime brokerage over the past 20 years and looks at how this segment of the market might be ripe for innovation going forward. Ask anyone who has been around in the FX market for the past 20 years to list the key developments that have shaped […]

Citi Restructures FX Business

Citi has announced a new management structure to best align its foreign exchange trading and institutional sales business under the Rates and Currencies umbrella. Under the new structure, trading will now align within four global product verticals: Linear FX (Spot and NDF Trading), Electronic Trading and Client Execution, STIRT and FX Options. In an email […]

In the FICC of it

This week’s podcast begins with Galen Stops, editor of Profit & Loss, giving his perspective on the attempts by US politicians to grill a Facebook representative regarding the planned launch of its new cryptocurrency, libra. Stops highlights the good, the bad and the ugly from the Senate and House hearings, but when Colin Lambert, managing […]

In the FICC of It

In this week’s podcast Colin Lambert gets to air some long-held grievances at market structure change when Galen Stops asks him, “any thoughts on the Deutsche Bank job cuts?” Our two podcasters look at the function of risk in the market, as well as the potential impact of what Lambert sees as a steady shift […]

Survey Highlights Treasurers’ Concerns Over Visibility of FX Exposures

A new survey from Citi shows that gaining visibility of their FX exposures remains a core concern for corporate treasurers. In the survey, which includes responses from 400 corporates of varying sizes, industries and geographies, improving cash forecasting was cited most frequently as the top priority amongst these firms. “Firms are recognising that they still […]

Analysing the Implications of Citi’s FXPB Cull

The news this week that Citi served a 90-day notice to the largest non-bank market making firms in FX – including Jump Trading, XTX Markets, Virtu Financial, HC Technologies and, at an earlier point in time, GTS – that it is no longer willing to offer them FX prime brokerage (PB) services, certainly got tongues […]

In the FICC of It

In this week’s lively and extended podcast Colin Lambert and Galen Stops mange to disagree on just about everything as they dig into the details around the announcement that Citi has given notice to four of the biggest non-bank market makers in FX and discuss the potential implications for the industry as a whole. They […]