Standard Chartered has announced that it is combining securities services (currently within transaction banking) with portfolio risk management in the financial markets business to form a new financing and securities services unit. Margaret Harwood-Jones, currently global head of securities services, will co-head the new unit with Emmanuel Ramambason, currently global head of portfolio risk management. […]
Capitolis has gone live with a foreign exchange credit switching service, Capitolis Switch.
In a release issued today, Capitolis says that its mission is to address capital markets constraints in the financial system and claims that, with the launch of Capitolis Switch, a key credit issue is addressed. The firm says that this service will enable the unbundling of execution, processing, capital and risk in FX prime broking (FXPB).
Capitolis says it is working with Citi, Jefferies and FXCM in launching this new service.