Sell-Side

The US CFTC found that Commerzbank failed to supervise its swap dealing activities and made misleading compliance statements to the regulator.

Jacob Bourne, a swaps trader and managing director at Deutsche Bank, mismarked swaps valuations to try and conceal losses.

Former Cowen prime brokerage executives set up new US business at INTL FCStone.

ITG agrees to be acquired by high speed trading firm Virtu for $30.30 a share.

Philip Drury will head up the recently formed banking, capital markets and advisory business at Citi for the EMEA region.

XTX Markets joins Virtu Financial, Sun Trading and SSW Market Making as liquidity providers on Instinet’s SI aggregator platform.

James Rubinstein has been appointed head of electronic equities for the Americas region at Deutsche Bank in New York.

JP Morgan is looking to grow its credit trading technology team globally by 15%, with new teams being established in Chicago and Herzliya in Israel.

Lars Kufall Beck will take up the role by 1 May 2019, replacing Rasmus Lund who left Saxo Bank earlier this year.

Andrew Bailey states UK regulator is well-positioned to handle Brexit outcome, but cross-authority coordination is vital to minimise disruption to the industry.