Thompson replaces Sam Osterman, who led the FX options at BNY Mellon since its launch in 2018.
BNY Mellon has named Neal Thompson as its newest head of its FX options unit in New York, which serves different buy-side institutions to hedge their currency risks in the $6tn a day global FX market.
Thompson has been working in the fixed income industry for nearly three decades, starting his career with Nat West in London and then moving to New York in 1995 to trade with Credit Suisse.
He joined the Wall Street bank from ANZ, where he held an analogous position from 2015 to 2017. Other stops included working as a portfolio manager with BlueCrest Capital Management, and head of Standard Chartered’s New York FX options desk.
Thompson has spent the bulk of his career trading currency derivatives, commodities, exchange-traded instruments, equity indices, and other OTC markets. He was also involved with client marketing, training staff, as well as developing risk management tools.
BNY Mellon rolled out its foreign exchange (FX) options products back in 2018 to allow its clients to better hedge currency exposure. The bank has ventured into the options space to complements its existing foreign exchange business, which consists of FX custody, Payments, and hedging.
Thompson replaces Sam Osterman, who led the new venture since its inception. Osterman left his job as global head of FX options at BNY Mellon back in May, parting ways with the position he held for nearly 15 months.
BNY Mellon rolls out more FX products
Sam Osterman originally joined BNY Mellon in January 2018 to head the new options business. At the time, BNY Mellon said his appointment is another step in the transformation of the FX business following the hire of Adam Vos as the global head of FX earlier in 2018. His addition was the latest in a series of FX industry veterans in electronic trading, sales, and prime brokerage that joined BNY Mellon Markets over the past two years.
FX options is just one of a number of new services BNY Mellon Markets has introduced to enable its clients to more efficiently access global currency markets. The comprehensive FX suite leverages the bank’s existing pool of Liquidity , collateral, and funding capabilities and opens it up to its global client base.
Earlier last year, BNY Mellon launched a prime brokerage service taking on rivals such as Citi, Deutsche Bank, and JP Morgan. The service enables clients to trade and margin their FX through a counterparty that oversees more than $30 trillion of assets under custody.
BNY Mellon has named Neal Thompson as its newest head of its FX options unit in New York, which serves different buy-side institutions to hedge their currency risks in the $6tn a day global FX market.
Thompson has been working in the fixed income industry for nearly three decades, starting his career with Nat West in London and then moving to New York in 1995 to trade with Credit Suisse.
He joined the Wall Street bank from ANZ, where he held an analogous position from 2015 to 2017. Other stops included working as a portfolio manager with BlueCrest Capital Management, and head of Standard Chartered’s New York FX options desk.
Thompson has spent the bulk of his career trading currency derivatives, commodities, exchange-traded instruments, equity indices, and other OTC markets. He was also involved with client marketing, training staff, as well as developing risk management tools.
BNY Mellon rolled out its foreign exchange (FX) options products back in 2018 to allow its clients to better hedge currency exposure. The bank has ventured into the options space to complements its existing foreign exchange business, which consists of FX custody, Payments, and hedging.
Thompson replaces Sam Osterman, who led the new venture since its inception. Osterman left his job as global head of FX options at BNY Mellon back in May, parting ways with the position he held for nearly 15 months.
BNY Mellon rolls out more FX products
Sam Osterman originally joined BNY Mellon in January 2018 to head the new options business. At the time, BNY Mellon said his appointment is another step in the transformation of the FX business following the hire of Adam Vos as the global head of FX earlier in 2018. His addition was the latest in a series of FX industry veterans in electronic trading, sales, and prime brokerage that joined BNY Mellon Markets over the past two years.
FX options is just one of a number of new services BNY Mellon Markets has introduced to enable its clients to more efficiently access global currency markets. The comprehensive FX suite leverages the bank’s existing pool of Liquidity , collateral, and funding capabilities and opens it up to its global client base.
Earlier last year, BNY Mellon launched a prime brokerage service taking on rivals such as Citi, Deutsche Bank, and JP Morgan. The service enables clients to trade and margin their FX through a counterparty that oversees more than $30 trillion of assets under custody.
Noel Quinn's Surprise Exit Marks End of an Era at HSBC
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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