Morgan Stanley
US banks see Ficc earnings drop in Q2 2019
Results subdued due to depressed volatility and low client activity
Record builds synthetic FXPB offering
Specialist currency manager will use tri-party model to move securities collateral between banks
Wallis promoted at Morgan Stanley, Hong Kong
New role follows 10 years in prime brokerage sales at the bank
Traiana boosts risk controls for FXPBs
Providers can be more specific about the risks they are willing to take
US bank Ficc revenues rebound in Q1
US banks saw triple-digit growth in Q1 compared with Q4, but Ficc revenues remained lower than a year ago
Morgan Stanley: dollar to weaken in 2019 on waning growth outlook
US economy will be propped up by consumer spending, says the bank
Eddie Wen named global head of digital markets at JP Morgan
Electronic trading veteran Eddie Wen shifts roles
US banks’ Ficc revenues nosedive in Q4 2018
Biggest drops seen between third and fourth quarters last year
Dovish Fed improves conditions for EMFX – Morgan Stanley
Weakening investment outlook for US suggests economic performance falling back in line with rest of world
Lubman joins Morgan Stanley’s sales team
Colby Lubman was previously at Barclays
Patrick Pisapia lands at CBA
Pisapia and Nomura parted ways in summer 2018
Morgan Stanley invests $15 million in Integral
Cash injection enables Integral to pursue platform expansion across broader set of currency participants
Goldman and Morgan Stanley go live with DLT-based CLSNet
Distributed ledger netting service will cover 120 currencies not eligible for CLS settlement
Inflationary pressures build in G4 economies – Morgan Stanley
The dollar’s current strength is unlikely to be sustainable and any near-term upside is limited, analysts say
US banks’ Ficc earnings drop in Q3
Only Citi managed growth versus second quarter and Q3 2017
Morgan Stanley hires Haber and Falkovitch in sales
Mark Haber joins in New York while Simon Falkovitch is based in London
‘You can’t game the fix,’ jurors hear in FX Cartel trial
Melvin says if the three traders wanted to game the fix, they couldn’t have chosen a worse time because the market is too liquid then
DoJ seeks stay on benchmark case discovery
Antitrust division tells court the request is to protect the integrity of ongoing cases
Read and Walsh swap Deutsche for BNPP
Both men have joined the French bank’s institutional FX sales team
Barclays gains Peto, but loses two in FX sales
Ben Peto joins sales team as director
Nomura hires Agarwal to head EMFX trading
Arvind Agarwal moves to new role at the Japanese bank from Bank of America Merrill Lynch
Credit Suisse loses two in FX sales
The two served as directors in FX sales
US dealers see Q2 Ficc revenues dip
While second-quarter revenues did not match the performance of earlier this year, they were higher than in Q2 2017
BNY Mellon taps Moumdjian for global FX sales role
BNY Mellon unifies its global sales team under the leadership of Harry Moumdjian in the newly created role of global head of FX sales