Citi Axes Second FX Head Valentin Marinov In As Many Months

Citi’s personnel purges have continued in London, this time resulting in the departure of Valentin Marinov, the Head of European G-10 foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term strategy.

This is the second notable departure as of late at Citi, after the group’s Global Head of FX, Stephane Knauf parted ways with the bank at the end of September. Mr. Marinov was based out of London and reported to to Steve Englander, Citi’s Global Head of G-10 FX strategy.

Mr. Marinov also joined Citi in parallel to Greg Anderson, the G-10 FX strategy head that was based out of New York – since then he has left to work at the Bank of Montreal. It is unclear who, if anyone will serve as Mr. Marinov’s replacement as many banks are scaling back operations in the wake of uncertain Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term and lingering probes.