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 […]
JP Morgan has become the latest FX player to establish an e-FX trading and pricing engine in Singapore as it seeks to speed up execution for clients in the region. It joins a host of trading firms and platforms to set up a presence in the city state as part of a plan announced by […]
Bethany Wingrove has joined Westpac in London in a newly-created e-specialist role. Wingrove joins from Deutsche Bank where she worked in FX institutional sales and was more recently in e-FX sales for Europe providing specialist electronic FX coverage advice to a diverse range of Institutional clients. She will report to Ian O’Flaherty, head of digital […]
It’s the past, present and future as far as the agenda for this week’s In the FICC of It podcast is concerned as Colin Lambert and Galen Stops take a look at the chaos in the UK surrounding Brexit, digital assets, and the e-revolution that hit FX 20 years ago. Stops is surprised by the […]
Flow Traders has hired Joshua Mathew as head of FX trading, according to market sources. Profit & Loss understands that Mathew, who is due to start in the last week of September, will be based in Amsterdam. Mathew joins the Dutch electronic trading firm after 10 years at Barclays in London, where his work was […]
Profit & Loss understands that Ian O’Flaherty has joined Westpac as head of digital solutions and client technology. Based in London, he will report to Sydney-based Giulio Katis, managing director and head of financial markets e-commerce at the bank. O’Flaherty has been consulting in the e-fixed income space since leaving Deutsche Bank in mid-2018 after a […]
As technology continues to shape financial markets, what are the implications for how FX products are traded in Latin America? The electronification of markets in continuing apace, yet many FX products outside of the spot market have proven stubbornly resistance to this trend. What are the barriers to automating NDFs, swaps and options, and are […]
Mauricio Sada-Paz, global head of e-FICC product and distribution at Barclays, discusses new algorithmic products available within the bank’s e-FX platform. Profit & Loss: Barclays’ recently added a new algo, BARX Peg, to its e-FX platform. Can you explain the genesis of this product launch? Mauricio Sada-Paz: The Barclays’ Gator execution channel was a pioneering […]
NatWest Markets’ Jacintha Love, head of Agile Markets products, and Jeremy Maw, head of UK mid corporate FX sales, talk about the nuances of building e-FX solutions for corporate clients. Profit & Loss: So why have corporate clients been a big focus for you on the e-FX side? Jeremy Maw: Corporates are a huge part […]
Profit & Loss understands that BNY Mellon has strengthened its Asia Pacific FX business with the hire of Charl de Vleeschauwer from Citi Sydney.
De Vleeschauwer will be relocating to Singapore to take up a management position in the e-FX business of BNYM, sources familiar with the matter say, and will report to Darren Boulos, head of FX trading and sales for Asia-Pacific – Boulos himself joined BNYM in June 2017 from Deutsche Bank in Sydney.
De Vleeschauwer has been with Citi for two years as a senior FX spot trader, having joined the bank after a spell with Macquarie Bank in London where he ran the bank’s FX trading business in Europe. Prior to that he worked for six years at Deutsche Bank in Sydney, having joined the organisation from First Rand in Johannesburg.