UBS nabs BarCap trio in e-FX
Chris Purves joins the bank in October as a managing director and global head of foreign exchange electronic trading, reporting to Chris Vogelgesang in Zurich and Arie Adler in Washington, DC, both managing directors and co-heads of global FX trading.
Mark Meredith and Parwinder Sekhon will also join in October, as head of FX e-trading quantitative analytics and head of FX e-trading infrastructure, respectively. Both will work alongside UBS's algorithmic team under Thomas Klocker, head of
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Average reported daily UK FX turnover hits record high
Daily turnover of $2,881bn in October 2019, up 2% from previous high of $2,821bn in April
PBoC injects 1.2 trillion yuan as markets plunge
Chinese central bank eases to support economy as coronavirus spreads; Q1 GDP growth could drop to 4%
Spot volumes on platforms resumed downward trend in 2019
But an uptick was seen in FX swaps and forwards submitted for settlement
PBoC extends market closure as coronavirus spreads rapidly
Chinese central bank extends interbank markets closure and vows to maintain ample liquidity
