Deutsche Bank
Two former Deutsche Bank precious metals traders have been found guilty in a Chicago court of spoofing precious metals markets. James Vorley and Cedric Chanu were convicted of three and seven counts of wire fraud respectively, however they were cleared of conspiracy charges. Vorley, who was based in London, and Chanu, who worked in both […]
CloudMargin, a provider of a collateral and margin management solution native to the cloud, has announced that it has closed on its largest funding round to date, bringing in $15 million in a Series B capital raise. Primary investors were Deutsche Börse, and current CloudMargin clients Deutsche Bank and Citi. “We’re delighted to enjoy the […]
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 […]
Deutsche Bank has deployed the Symphony Connect Solution for secure chat and collaboration with its clients via WhatsApp. Following the introduction the WeChat functionality in November 2019, the bank says that clients can now securely and safely communicate with Deutsche Bank employees anywhere and any time via their preferred chat platform while meeting stringent security […]
Deutsche Bank and Olam International have executed what is believed to be Asia’s first FX derivative linked to environmental, social and governance (ESG) key performance indicators (KPIs). The ESG-trade was a one year USD/Thai Baht forward enables Olam to lock-in a discount when it meets pre-defined ESG targets which supports the United Nations (UN) Sustainable […]
With 90% of the data that exists in the world having been created in the past two years – will this continue to grow exponentially? If so, what are the challenges for different industry participants? Christoph Hock, head of multi-asset trading at Union Investment Privatfonds GmbH; Nico Weinert, electronic FX quant trader at Deutsche Bank; […]
Looking at the post-pandemic world of FX trading, will there be a return to the previous structure or will a nuanced FX market structure emerge? Ulrich Leuchtmann, head of FX and EM research at Commerzbank, and Andre Besant, managing director and head of GFX Germany at Deutsche Bank, joined Profit & Loss managing editor Colin […]
Deutsche Bank has announced its intention to establish an e-FX hub in Singapore by developing an FX trading and pricing engine onshore, in conjunction with the Monetary Authority of Singapore. This will be the bank’s fourth global FX centre, along with New York, London and Tokyo and is intended to provide clients with the ability to […]
Capitalab, a division of BGC Brokers LP, today announced the execution and subsequent compression of its first swaption margin optimisation trades leveraging LCH SwapAgent, a service for the non-cleared derivatives market. As part of Capitalab’s Rates Initial Margin Optimisation service, swaption notional was created between Nomura and Deutsche Bank and processed by LCH SwapAgent. The […]
The rise of FX prime brokerage was one of the reasons why the growth of this asset class exploded in the mid 2000s, but is the model still fit for purpose today? Credit appears to have become increasingly constrained in recent years, is this squeeze just temporary or do funds need to look to alternative […]
