MiFID II Expected to Cost Buy-Side Over $1 Billion
MiFID II Expected to Cost Buy-Side Over $1 Billion – The Trade
Implementing MiFID II has been forecast to cost the financial industry a total of $2.1 billion in 2017, according to a recent report. Read More
ASIC Bans Rogue Deutsche Bank Trader for Life
ASIC Bans Rogue Deutsche Bank Trader Andrew Donaldson for Life – Sydney Morning Herald
A former Deutsche Bank currency trader has been permanently banned from the industry after a series of false trades artificially boosted the bank’s revenue by 28 million euros.
Currenex Launches X2 Platform for Institutional Clients
Currenex Launches X2 Platform for Institutional Clients – Profit & Loss
Currenex has launched a new trading platform, X2, designed in response to the changing liquidity profile of the FX market and the evolving requirements of institutional FX traders. Read More
Forex Markets Hand Debate to Clinton
Forex Markets Hand Debate to Clinton – Financial Times (subscription)
Movements in the currency markets suggested Hillary Clinton emerged victorious in the US presidential debate over Donald Trump, with notable moves in the Mexican peso, Canadian dollar and Japanese yen.
- Mexican Peso Strengthens in Sign Trump Lost Ground During Debate – Bloomberg
- Clinton, Trump Debate Triggers Rise of Risky Currencies – Deutsche Welle
CBOE Holdings to Buy BATS Global in $3.2 Billion Deal
CBOE Holdings to Buy BATS Global in $3.2 Billion Deal – Reuters
CBOE Holdings, the operator of the largest options exchange in the United States by volume, said it would buy BATS Global Markets Inc for about $3.2 billion, just over five months after BATS made its market debut. Read More
CBOE in Talks to Buy Smaller Exchange Rival Bats
CBOE in Talks to Buy Smaller Exchange Rival Bats – Financial Times (subscription)
CBOE, the US exchange best known for the Vix volatility indices, is in talks to purchase smaller rival Bats Global Markets in a deal that underscores consolidation sweeping through the US options industry, people briefed about the negotiation said.
Dollar Weakens After Fed Leaves Rates Unchanged
Dollar Weakens After Fed Leaves Rates Unchanged – Bloomberg
The US dollar extended losses against a basket of major currencies on Wednesday after the US Federal Reserve left monetary policy unchanged and projected a less aggressive rise of interest rates in coming years.
US Judge Narrows Currency Rigging Lawsuit Against Seven Banks
US Judge Narrows Currency Rigging Lawsuit Against Seven Banks – Reuters
The US judge overseeing litigation accusing 16 banks of rigging prices in the $5.3 trillion-a-day foreign exchange market on Tuesday narrowed but refused to dismiss lawsuits against Deutsche Bank, Morgan Stanley and five other large banks that have yet to settle. Read More
FXPA Welcomes HC Technologies as Supporting Member
The Foreign Exchange Professionals Association (FXPA) is pleased to announce the addition of HC Technologies as the newest Supporting Member of the FX trade group, bringing the total number of institutional members of FXPA to 24.
A Trump Victory – Currency Markets Are Asking What If?
A Trump Victory – Currency Markets Are Asking What If? – Financial Times (subscription)
Medical bulletins about the Democratic nominee are helping to shake investors from their seeming indifference about the US presidential election, forcing them to at least confront the possibility that her opponent, the maverick Donald Trump, might just win. Read More