Credit Suisse takes $4.7 billion hit following Archegos hedge fund scandal
Alongside the losses for the first quarter of 2021, the Swiss bank also announced that two executives had stepped down and that it would be slashing executive bonuses.
Alongside the losses for the first quarter of 2021, the Swiss bank also announced that two executives had stepped down and that it would be slashing executive bonuses.
As well as FX trading, Barclays has rolled out its new implementation shortfall algorithm known as Gator Adapt to manage slippage.
Fabrizio Campelli will assume responsibility for the investment banking and corporate banking business from chief executive Christian Sewing, effective from 1 May.
A $20 billion stock fire sale shook markets as Bill Hwang’s hedge fund Archegos defaulted on margin calls prompting losses at Credit Suisse and Nomura.
Sandeep Arora becomes chief investment officer and head of digital for the institutional clients group at Citi after over 30 years with the bank, according to an internal memo.
BNP Paribas and Standard Chartered supported the first match aligned with quarterly international money market dates on startup matching engine FX HedgePool.
Algo trading solution from Cowen aims to address market dynamics driven by increased retail trading volumes which impact execution.
The deal will see TP ICAP combine its high-touch derivatives and cash equities with low-touch block cash equities platform at Liquidnet.
Kevin Connors becomes global and EMEA sales head of FX and emerging markets at Nomura in a newly-created role.
The FX digital trading assistant was launched by BNP Paribas in 2019 as part of a major upgrade to its FX trading platform, Cortex FX.