Tag: JP Morgan

JP Morgan

Feng Joins JP Morgan

Henry Feng has joined JP Morgan as vice president, currencies and emerging markets trading, in Hong Kong. Feng joins after more than six years at HSBC, where he was most recently associate director, Greater China FX trading. In this role, he was also based in Hong Kong.

Jury Handed New Role at JP Morgan

Profit & Loss understands that Claudia Jury has taken on the role of global head of platform sales at JP Morgan. Her new sales position will run across the securities services, prime finance and clearing and investor client management business segments. Jury will continue to be based in New York. This is a shift from […]

Swiss Authority Fines Banks Over FX Manipulation

The Swiss competition authority, the Competition Commission, has become the latest jurisdiction to levy fines on six banks related to their dealers’ activity in several chat rooms. COMCO says it has detected several anti-competitive arrangements between banks in foreign exchange spot trading and concluded “amicable” settlements and imposed fines of around CHF 90 million. Therefore, […]

Banks to Face Australian FX Class Action

Australia has become the latest location for a class action lawsuit against a group of banks with a law firm filing a cartel class action in the Australian Federal Court claiming the banks “systematically manipulated foreign exchange rates to boost profits at the expense of Australian businesses and investors”. In what has become a familiar […]

OpenFin Raises $17 Million in Funding

OpenFin has raised $17 million in its Series C funding round, which was led by Wells Fargo. OpenFin is a financial operating system whose technology has been adopted by over 1,500 major banks across 60 countries. Interoperability serves as the base of the system’s technology, allowing them to share information, intent, and context with third […]

EU Fines Five Banks for FX Manipulation

The European Union has formally fined five banks a total of EUR 1.07 billion for taking part in what the EU terms two “cartels” in the spot FX market, involving trades in 11 currencies. Two settlement decisions have been announced, the first involves a group called the “Three Way Banana Split” which sees a total […]

A Closer Look At: Driving Automation in Commodities

In the past year JP Morgan began offering clients a cocoa arb via its e-trading platform. Filippo Finelli, global head of commodities automated trading strategies (ATS), and Sandy Sehmi, commodities e commerce product head, discuss how this is part of their broader effort to bring more automation to commodities trading. Profit & Loss: So tell […]

Traiana Offers FXPBs Additional Risk Control

Traiana has made changes to its Credit Risk Hub that will enable FX prime brokers (FXPBs) to define trade information in more detail in order to increase credit risk controls and reduce the risks of credit over-allocation. Traiana’s Credit Risk Hub comprises two services; Designation Notice Manager (DNM), which helps FXPBs establish, monitor, amend and […]

Mosaic Completes $9m Investment Round

Mosaic Smart Data, which offers real-time data analytics for FICC, has completed a $9 million investment round co-led by CommerzVentures and Octopus Ventures and including JP Morgan – an existing investor and client. Mosaic’s technology cleanses, normalises and enriches raw data, providing a consolidated real-time view and analysis across the flows of market activity. The […]

The 2019 Digital FX Awards – The Winners

This year Profit & Loss decided to update the format and judging categories of our annual Digital FX Awards. The process remains subjective but we have not restricted ourselves to the narrow confines of previous years’ categories. Instead of many of the categories, we have created Awards for Excellence in e-FX, something that we believe […]