Tag: Morgan Stanley

BNP Paribas, Coremont, Morgan Stanley and TORA all saw new additions and departures this week.

New vice president in EM rates and FX trading has previously served across BNP Paribas, UniCredit and Expat Capital.

Both banks have seen senior traders depart for digital asset start-ups in recent weeks, as the crypto exodus continues.  

Incoming chief brings considerable experience to the firm, having previously served at Morgan Stanley and Goldman Sachs over the last decade.

The move follows the growing trend to combine on- and off-exchange business.

Bank of America, JP Morgan and Morgan Stanley have all received multi-million dollar fines for activities relating to off channel communication on personal devices.

The banks reported a 61% and 55% fall in investment banking revenues, respectively.

Incoming CTO joins Horizon Software from rival trading systems vendor Itiviti, recently acquired by Broadridge.

Venue will launch for loans first, with a collateralised loan obligations (CLO) trading venue to follow and with plans to expand to other products in the credit market later.

Industry experts from DTCC, Loomis Sayles and Morgan Stanley discuss the acceleration of settlement cycles to T+1 and how firms can prepare.