Tag: Wells Fargo

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

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.

The move marks a change in FX settlements, allowing market participants to significantly reduce their settlement exposure and associated risks.

George Simonetti has retired after a 27-year stint at the bank, most recently serving as head of markets clearing and futures execution.

Speaking to The TRADE, Wells Fargo’s Peter Eliades said the uptake in merit-based broker wheels on the US buy-side was driven by increasing demand for more efficient execution.

In partnership with HPR, Wells Fargo is upgrading its trading platform in the latest enhancement to its prime services business.

Jon Jefferies joins JonesTrading as managing director of equity trading in New York after almost five years with Wells Fargo.

Wells Fargo joins several other major institutions as an authorised participants on the ICE ETF Hub, including Goldman Sachs and Citadel Securities.

BlackRock, Wells Fargo and Flow Traders are among those backing US challenger exchange group MEMX in recent funding round.

Wells Fargo has chosen BNY Mellon’s CEO, Charles Scharf, as its new chief executive and president.