Remove Accountant Remove Bank Remove Electronics
article thumbnail

Clear Street taps Bank of America for new head of clearing

The TRADE

Chris Tufano has joined Clear Street as the firm’s new head of clearing, following an almost nine-year tenure at Bank of America. New York-based Tufano brings more than 20 years of industry experience to his new position, which will see him working towards delivering a robust clearing platform and client experience alongside the firm’s trading, (..)

article thumbnail

Algo advances create overlap between US equities’ single-stock and program trading

The TRADE

This overlapping distinction has been attributed to the rise of electronic execution for program trades and the increasingly sophisticated algorithms for single-stock trading, which represent a greater shift towards e-trading. Between workflow innovation and good old-fashion inflation, the definition of program trading itself is now in flux.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Redburn Atlantic execution teams undergo redraft with four additions and three departures

The TRADE

Among the additions is Reto Meroni who has joined Redburn Atlantic’s Zurich office to build out its execution presence with Swiss accounts. Meroni joins from Sanford Bernstein and also previously served at Lehman, Goldman Sachs, UBS Investment Bank and Nomura. Pete Murden is also set to re-join the firm in July from Tourmaline.

article thumbnail

Buy the dip on these credit card giants as stablecoin weakness is overblown, says Wells Fargo

CNBC: Investing

V, in past week Fandetti points out that stablecoins are reminiscent of account-to-account payments, a method through which funds are transferred between two bank accounts — bypassing intermediaries such as payment processors. However, the method isn't widely used, he noted.

article thumbnail

People Moves Monday: Peel Hunt, Redburn Atlantic, RBC Capital Markets, Citi, and more…

The TRADE

Peel Hunt Redburn Atlantic’s head of electronic trading has left the firm to join UK investment bank Peel Hunt, as revealed by The TRADE. He replaces Nishad Vallonthaiel as head of electronic trading. He replaces Nishad Vallonthaiel as head of electronic trading. A spokesperson for Peel Hunt confirmed the move.

article thumbnail

People Moves Monday: SIX, Marex, Liquidnet and more…

The TRADE

Previously in his career, he also spent almost 15 years at BBVA, where he covered trading roles including volatility, equity derivatives and funds of hedge funds (FoHF).   Clear Street Chris Tufano has joined Clear Street as the firm’s new head of clearing, following an almost nine-year tenure at Bank of America.   New York-based Tufano brings (..)

article thumbnail

Cross-Border Payments: Everything You Need to Know in 2025

Razorpay

She has two main paths, each a classic example of a cross-border payment: Path 1: The Traditional Bank (SWIFT Transfer): Priya could visit her nationalized bank to initiate an international wire transfer. The bank would convert her INR to EUR at that day’s board rate, which includes a markup.