Goldman Sachs
Margolis swaps FXLM for private banking
Adam Margolis becomes head of FX advisory at Citi’s private bank after more than seven years in the bank’s FXLM team
DoJ asks for discovery stay in benchmark case until ‘Cartel’ case ends
US tries to balance need to protect ongoing criminal investigations and lawsuits with civil attorneys’ desire for additional testimonies
G10 FX revenues hit two-year highs – Coalition
The first quarter of 2018 saw a reversal of revenue contraction seen in the last two years, with profits up 20%
Goldman Sachs hit with $54 million NYDFS fine
Regulator slaps bank with fine for unsafe and unsound FX practices between 2008 and 2013
triReduce enhances compression
The firms says the new Trade Revision functionality can improve compression efficiency by up to 50%
Kamrath joins crypto-tech company Rubicon
Ray Kamrath was previously the global head of FX at Jefferies
More than 100 participants commit to FX Global Code
Global Foreign Exchange Committee plans to launch Global Index of Registers before June meeting
Sada-Paz to start at Barclays on July 2
Mauricio Sada-Paz quits Bank of America Merrill Lynch to become global head of e-Ficc at Barclays
JP Morgan dominates G10 FX revenues for 2017 – survey
Coalition’s investment banking survey shows the US dealer garnering the highest revenues in the space; HSBC jumps to second place
Antitrust attorneys prepare to depose UK traders
Despite the court extending a partial stay on depositions until June 8, lawyers have been granted access to interview some UK-based people
Antitrust claims deadline extended to May 16
Investors seeking to receive part of the $2bn-plus settlement have two more months to file a claim as the deadline is pushed back from March 22
Ficc revenues tank at US banks
Revenues were dampened by low volatility throughout most of 2017, among other factors
FXSpotStream adds State Street as LP
Execution venue records highest-ever average daily volumes in January
Goldman Sachs discloses max last look hold times in FX
Past behaviour may subject clients to a 200 millisecond hold period, as US bank tries to avoid losses
Hancox and Pena exit Morgan Stanley
Dudley Hancox and Andrew Pena were senior members of the bank’s FX sales team
McKinley joins Goldman Sachs in e-FX sales
Mike McKinley used to work in e-FX sales at HSBC
Goldman Sachs: analytics pushes SDPs to fore
As clients ask more detailed questions about execution, deepening key relationships is high on the agenda
Third-quarter FX revenues slide further at banks
G10 foreign exchange continues its two-year decline amid low volatility
Shah to trade options at Goldman Sachs, Iqbal heads to Pimco
Praneet Shah and Adam Iqbal are London-based FX options traders
DB hires two in North America FX sales
Winfield Sickles and Donna DiDomenico will be based in New York
Robson joins Goldman Sachs in sales
He was formerly a vice-president in AES FX sales at Credit Suisse
Infante joins Goldman Sachs in New York
Gabriel Infante previously worked at Citi for more than seven years
Deutsche settles FX rigging case for $190m
Credit Suisse now the only holdout defendant in the case that involves 16 major banks
Goldman Sachs reshuffles FX sales
Rombouts becomes co-head of corporate derivatives for Emea with Alessandro Dusi; Crook and Murciano co-head FX sales