Euroclear and HSBC launch automated FX service ahead of T+1 shift
AutoFX will embed FX execution directly into the settlement process, automatically sourcing the currency needed to settle a trade.
AutoFX will embed FX execution directly into the settlement process, automatically sourcing the currency needed to settle a trade.
The past week saw a run of senior hires across trading desks, from sales trading to emerging markets credit, including a former EMEA head of cash equity trading moving to the buy-side.
New hire joins after nearly three years at HSBC where he most recently served as head of cash equity trading EMEA.
Appointment will be based in Hong Kong; previously held the same role at HSBC for five years.
New hire will lead core and semi-core European government bond trading in his role, and previously spent 21 years at HSBC.
The move is set to drive the firm’s product growth and aligns with an increasing shift towards liquidity and trading infrastructure migrating to the cloud.
New hire comes shortly after a recent addition to Rothschild & Co’s equities execution business, and is set to support the firm’s Global Markets Solutions (GMS) platform.
This past week saw a flurry of moves across the industry, including a global head of electronic trading, head of electronic fixed income, and a senior credit desk hire.
The past week has seen a head of trading departure and a head of markets appointment, as well as hires across equities sales and fixed income.
Individual brings 20 years of experience to his new role and has previously worked for Schroders, Stifel and UBS.