Simon Derrick | Chief Currency Strategist, BNY Mellon
In a conference call held Thursday, November 13, BNY Mellon's Chief Currency Strategist, Simon Derrick, discusses intensifying global political and economic forces and the subsequent currency moves occurring in Japan, Russia and the UK.
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BNY Mellon Global Markets includes the Foreign Exchange and Derivatives businesses of The Bank of New York Mellon together with the securities business of BNY Mellon Capital Markets1. Pursuant to Title VII of The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 and the applicable rules thereunder, The Bank of New York Mellon is provisionally registered as a swap dealer with the Commodity Futures Trading Commission (“CFTC”) and is a swap dealer member of the National Futures Association (NFA ID 0420990). These businesses provide products for corporate, institutional and high-net-worth investors to access liquidity, execute investment and hedging requirements as well as manage risk. With foreign exchange sales and trading desks in ten cities across three continents, BNY Mellon Global Markets has access to more than 80 currency markets. The BNY Mellon Global Markets award-winning team2 of market strategists offers topical commentary and daily analysis of economic and market conditions. BNY Mellon Global Markets’ derivatives business offers hedging products based in the interest rate and currency markets. BNY Mellon Capital Markets underwrites and transacts in a broad range of debt and equity securities.
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1 The following are registered broker-dealer, wholly-owned subsidiaries of The Bank of New York Mellon Corporation: BNY Mellon Capital Markets, LLC, member FINRA/SIPC; BNY Mellon Capital Markets EMEA Limited, is subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulatory Authority in the UK; and The Bank of New York Mellon Securities Company Japan Ltd, registered with Kanto Local Financial Bureau under Financial Instruments and Exchange Act (Registration Number 147) and a member company of Japan Securities Dealers Association.
2 Source for The Bank of New York Mellon Global Markets Award Winning Research: Global Finance Magazine, World's Best Foreign Exchange Providers 2014, January 2014
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