Cole Lipsky

2 weeks ago | risk.net | Cole Lipsky

Wells Fargo's decision to tilt its foreign exchange business towards institutional buy-side clients is paying off, with the San Francisco-headquartered bank seeing a big jump in trades with insurers in the fourth quarter to supplement its multi-year growth with mutual funds.

3 weeks ago | risk.net | Cole Lipsky

Goldman Sachs was the top US dealer for foreign exchange trading revenues in 2024, which more than doubled at the firm thanks to increased trading activity at the end of the year, according to regulatory filings. The investment bank generated revenues of $6.3 billion for the year, up 125% from $2.8 billion in 2023, thanks to just over $4 billion in the final quarter of the year alone. This growth propelled the bank to overtake JP Morgan's 2023 top spot.

3 weeks ago | fx-markets.com | Cole Lipsky

FX options venue SpectrAxe has hired Robert Schultz as chief operating officer for the Americas, effective April 21. Schultz joins from Deutsche Bank where he worked for more than 12 years, most recently serving as a product manager and vice president in FX prime brokerage and algo trading. In his new role, Schultz is tasked with expanding the credit intermediation network for SpectrAxe’s central limit orderbook (Clob) for all-to-all trading of over-the-counter FX options. “We are bringing in

1 month ago | waterstechnology.com | Cole Lipsky |Anthony Malakian |Max Bowie |Rebecca Natale

With foreign exchange volatility surging to new heights, a growing number of execution management system (EMS) vendors are developing automated solutions designed to help buy-side firms manage operational risk when trading FX options. Buy-side traders have long been frustrated by the lack of effective integrated workflow tools for the instruments. In December last year, the FX trading head at T Rowe Price said it “feels like it’s [done] on the back of a cigarette packet”. Now vendors like Digital

1 month ago | fx-markets.com | Cole Lipsky

With foreign exchange volatility surging to new heights, a growing number of execution management system (EMS) vendors are developing automated solutions designed to help buy-side firms manage operational risk when trading FX options. Buy-side traders have long been frustrated by the lack of effective integrated workflow tools for the instruments. In December last year, the FX trading head at T Rowe Price said it “feels like it’s [done] on the back of a cigarette packet”. Now vendors like Digital