NAB Onboards James Dalton as its Head of FICC

National Australia Bank (NAB) has secured the services of industry veteran and foreign exchange specialist James Dalton, who joins the group as its newest Head of Fixed Income, Currencies, and Commodities (FICC) Digital Trading with immediate effect, Finance Magnates has learned.

The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term, fintech and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.

Mr. Dalton comes over to NAB from Citigroup, having worked at the lender for over sixteen years in a multitude of roles. He most recently served as its Director of FX Algorithmic Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term. The move snaps a lengthy stint with Citigroup after he originally joined back in 2000. During his tenure, the bank’s FX unit oversaw one of the most influential segments of the FX industry.

Prior to joining Citigroup, he also worked at State Street Global, albeit relegated to information technology roles, positions he held collectively since 1996, part of a twenty-year long career, according to information made public on his Linkedin profile.

His departure from Citigroup also marks the latest big name to part ways with the lender, which comes at a critical juncture for many big banks that are struggling with their revenues and profitability. Further down the ladder, lenders across the board have jettisoned thousands of jobs in the IT and technology sector, with London serving as ground zero for the biggest losses.