Prime brokerage
RJ O’Brien closes FX business, effective immediately
The firm no longer finds the space strategically attractive
BNY Mellon to build franchise partnerships using FXPB
The bank’s FX prime brokerage beta clients could go live within the next month
Geller to lead FX at Capitolis
Illit Geller, co-founder of TradAir, joins Mandelzis start-up
Vollaro joins BNY Mellon in FX sales
Frank Vollaro spent more than 16 years at HSBC
Hotspot partners Celer Technologies
Celer’s bespoke trading GUI will enable customers to access Hotspot’s outright deliverable forwards liquidity
MarketFactory sees more fragmentation and a rebound for prime
Activity on Clobs will also increase due to best execution requirements
Regulations often neglect FXPB, panellists say
Post-crisis regulatory efforts tend to focus on core market-making, leaving credit intermediators in a confusing limbo
Dave Reid to join Deutsche Bank as global head of FXPB
He spent more than 10 years at Citi in a similar role
IS Prime reports stunning results
Prime-of-prime provider experiences 900% rise in profits
Clearing will grow, but co-exist with PB, panellists say
CCP fees need to come down, NDF clearing expected to grow, but structured products will remain the domain of prime brokers
e-FX Awards: NatWest Markets – Best FX Prime Broker
The bank deliberately positioned its FXPB business to cater for high-touch clients
Nex Optimisation launches automated credit-rebalancing tool
Rebalancer, developed in partnership with Citi, enables dynamic allocation of credit across ECNs
HSBC hires two and moves to build out FX prime brokerage
Ferretti will be responsible for structuring and developing FXPB, while Miller joins as head of institutional sales, Americas
Noble launches its first FX product
Noble FX provides real-time settlement and aims to solve the credit gap through peer-to-peer connectivity
BNY Mellon looks to re-enter FX prime brokerage, say sources
FX Week understands the US custodian is set to step back into the sector, as Jason Vitale joins the firm
FX Week Australia 2017 – in pictures
The premier conference for FX market participants in Australia and Asia-Pacific took place on March 23 in Sydney
Stater Global Markets announces tactical collaborations
Prime-of-prime brokerage teams up with Integral, FlexTrade, FXecosystem, Abide and more
EBS BrokerTec restructures; four management appointments
With a focus on seven core areas, the firm recruits Tim Cartledge as global head of FX and head of product
Seegers to leave ADS
Bryan Seegers had been co-head of e-FX coverage at the broker since 2012
Singh to lead Sucden's push into prime
Softs broker Sucden looks to build out its institutional credit intermediation service
Global Prime Partners launches structured products business
UK clients will gain access to a range of issuers
PB concentration risk a concern as volatility picks up
Global head of Currenex says the lack of a dynamic FXPB space is a worry as non-bank liquidity providers need access