HSBC, Societe Generale, BNY Mellon and others fined $6 million for swaps violations
The US CFTC also fined NatWest Markets, PNC Bank and Northern Trust for reporting and risk management regulation failures.
Tag: HSBC
Algo innovation not a straightforward path as traders want to retain control
Buy-side traders still want to be able to stop algos and take control for themselves in-flight, but data challenges remain for those seeking a low-touch route.
HSBC group chief executive Flint resigns after 18 months
John Flint has resigned as group CEO at HSBC after taking on the role in February 2018.
Digital broker attracts host of tier one banks with euro interest rate swaps platform
Wematch IRS adds JP Morgan, RBC, HSBC and Societe Generale to dealer-to-dealer platform.
HSBC appoints Citi veteran CEO of US business
Michael Roberts will join HSBC after 34 years with Citigroup, most recently as chief lending officer.
Citi and HSBC automate FX prime brokerage novation with Capitolis
Capitolis launched its novation platform last year in partnership with major firms including Citi, HSBC, Brevan Howard and BlueCrest.
HSBC settles $250 billion of FX trades on blockchain platform
DLT is becoming more accepted by banks and financial institutions that are in the process of developing use cases and rolling out the technology.
UK startup launched by former HSBC bankers secures $3 million investment
Software startup was launched in 2015 by two senior trading technology executives who formerly worked at HSBC.
HSBC joins $36 million funding round in blockchain specialist Axoni
Goldman Sachs, Citi, JP Morgan, Wells Fargo and Franklin Templeton Investments are also investors in blockchain technology vendor Axoni.
Post-trade providers stepping up as passive shift ‘jeopardises entire intermediary infrastructure’
Discussions around data helping illiquid instruments trade more effectively conjure up worries about what the future of passive investing and what it means for post-trade providers.