JP Morgan Shuffles Investment Bank Roles, Elevates Troy Rohrbaugh

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JP Morgan Shuffles Investment Bank Roles, Elevates Troy Rohrbaugh – Bloomberg

JP Morgan is shuffling roles within its corporate and investment bank in a shift that streamlines the company’s trading and treasury operations. In the biggest change, the bank elevated Troy Rohrbaugh to head of global markets, where he’ll oversee all of fixed income and equity trading.

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So Bad It’s Good: Markets See Silver Lining in Brexit Rejection

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So Bad It’s Good: Markets See Silver Lining in Brexit Rejection – Bloomberg

Prime Minister Theresa May’s record defeat in Parliament over her Brexit divorce deal provoked a curious response from markets: Optimism.

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Will Crunch Brexit Vote Spark Sterling Rally or Sell-Off?

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Will Crunch Brexit Vote Spark Sterling Rally or Sell-Off? – Financial Times

How will sterling fare in (yet another) big week for Brexit? As always with Brexit and the pound, the sensible answer here is “nobody knows”. But some lively moves in the pound on Friday provided some clues.

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Where to Look for Triggers for Next Currency Flash Crash

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Where to Look for Triggers for Next Currency Flash Crash – Bloomberg

If once is an accident and twice a coincidence, traders looking for a third currency flash crash are surely poring over Japan’s holiday calendar by now, bracing for enemy action. Last week’s yen-driven crash that sent the Turkish lira into a tailspin and a sudden plunge in the South African rand in January 2016 had three things in common.

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Volatility: How ‘Algos’ Changed the Rhythm of the Market

Volatility: How ‘Algos’ Changed the Rhythm of the Market – Financial Times (subscription)

Philippe Jabre was the quintessential swashbuckling trader, slicing his way through markets first at GLG Partners and then an eponymous hedge fund he founded in 2007 — at the time one of the industry’s biggest-ever launches. But in December he fell on his sword, closing Jabre Capital after racking up huge losses. The fault, he said, was machines.

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