Tag: JP Morgan

JP Morgan

JPM, SocGen, Invest in Wematch

JP Morgan and Societe Generale have invested in fintech firm, Wematch, a company that provides technology to augment how traders at banks match, negotiate and manage trades that are currently predominantly voice-traded, thus bringing, according to the firm, the audit and control benefits of electronic tools to voice trading, delivered as web-based software-as-a-service technology. Wematch says there are now […]

Algos: Next Big Thing or Already There?

From a trader using their skills and multiple channels to execute client orders to a silent world of APIs and smart order routers, the execution process has changed almost beyond recognition over the past 20 years – but, as Colin Lambert finds out, not everyone sees algos as the next big thing in FX markets. […]

Two FXPBs Begin Offering Access to Spotex’s ECN

The FX prime brokerage businesses at JP Morgan and NatWest Markets are now providing access to Spotex’s institutional ECN. The prime brokers join as Spotex is seeking to expand its presence in the institutional FX market segment with the introduction of its new disclosed direct market access (DMA) liquidity pool offering, as well as other […]

FX and the Big Bang Theory

As electronic trading went mainstream, it created an explosion of growth in the market. But has this growth run out of steam? Galen Stops takes a look. The Big Bang Theory – in addition to being a popular American sitcom – is a well-known scientific thesis that posits the universe started with a small singularity […]

Margolis Joins JP Morgan Private Bank

Adam Margolis has joined JP Morgan Private Bank as Asia head of FX and commodities. Based in Singapore, Margolis has taken this new role after more than nine years with Citi, during which time he worked in both London and Singapore and was most recently the global head of FXLM bank sales. Prior to joining […]

Two Precious Metals Traders Plead Guilty to Spoofing Charges

Two bank precious metals traders have pleaded guilty to spoofing charges brought by US authorities. Former JP Morgan trader John Edmonds and former Scotia Capital trader Corey Flaum both entered into cooperation agreements with the US government and admitted to spoofing and manipulative conduct in futures markets. Flaum also admitted guilt to a related US […]

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 […]