Goldman Sachs (NYSE: GS) is said to be planning for a cryptocurrency
trading desk.
Three dedicated professionals with extensive local market knowledge and sectoral experience have joined the
Trading Desk to support clients in boosting trade with the promising markets in Africa.
Rowan will join the bank's par loan
trading desk later this month as a Vice President.
Tackney has over 20 years of trading and portfolio management experience in emerging markets and will co-head the
trading desk with Matt Maloney, managing director.
The system also offers alerts notifying the
trading desk of any potential risk challenges.
Bridgestone Global Partners' Precious Metal
trading Desk will provide global brokerage trading services particularly on IRs, forwards, options and EFP products.
Other banks like Morgan Stanley (NYSE: MS) and JPMorgan Chase & Co (NYSE: JPM) have also closed down
trading desks as part of efforts to comply with the requirements of Volcker rule, which is aimed at limiting the risks that lenders take with their own capital.
If your fund managers have alpha, capturing that alpha is the job of your
trading desk.
Shell's trading arm has also expanded its
trading desk in Dubai, along with Trafigura who have also added new staff in the past year.
Because of the importance of speed and reliability of power,
trading desks require some of the most sophisticated circuitry in business today.
This decision is communicated to the
Trading Desk at the Federal Reserve Bank of New York in a directive that instructs the Desk to take actions in the money market that are consistent with the desired policy direction.
In addition, Rowan will join the bank's par loan
trading desk as a vice president later this month.
