Rays of Light for Fixed Income Leaders
Rays of Light for Fixed Income Leaders – Financial News (subscription)
Fixed income is not a story of universal gloom, but increased market concentration means the big Wall Street banks are outpacing smaller European rivalsRead More
Brexit Threatens Pound’s Status as Global Currency, Surveys Says
Brexit Threatens Pound’s Status as Global Currency, Surveys Says – Financial Times (subscription)
Brexit is likely to threaten the pound’s status as a global reserve currency according to a survey of central bank money managers who say Britain’s departure from the EU will alter their views on sterling.Read More
Dead Calm in Currency Markets Unnerves Investors
Dead Calm in Currency Markets Unnerves Investors – Financial Times
Corporate treasurers tend to like nothing more than a stable exchange rate, allowing them to budget and plan with a measure of confidence. But for Wall Street strategists and traders who earn a living from market movements, extreme calm can be unsettling.Read More
Shaving Milliseconds Off Currency Trades Could Make Singapore Billions
Shaving Milliseconds Off Currency Trades Could Make Singapore Billions – Bloomberg
Singapore is grabbing an opportunity measured in milliseconds to win a bigger slice of the world’s $5.1 trillion-a-day foreign exchange market. The Southeast Asian nation is encouraging major FX players to build systems in the country that would remove the sub-second delay caused by routing trades via Tokyo or London.Read More
FCA Chief Eyes ‘Lower Burden’ Regulation After Brexit
FCA Chief Eyes ‘Lower Burden’ Regulation After Brexit – Financial Times
Britain would favour a “lower burden” approach to financial regulation after leaving the EU, the head of the UK’s market watchdog has said as the regulator looks to reshape the rule book for financial services.
- UK Watchdog Urges EU to Make Financial Market Access Flexible – Reuters
- Halloween Brexit Gives JP Morgan Bankers With ‘Suitcases By the Door’ Extra Time – The Telegraph (subscription)
Trading Firms Cry “Last Look” in the Futures Market
Trading Firms Cry “Last Look” in the Futures Market – Profit & Loss
As a futures exchange proposes a new speed bump mechanism, a number of market participants are coming out in opposition to it. Some of the arguments they’re making will sound familiar to those in the FX markets.Read More
Asset Managers Strive to Cut Out Banks from Forex Dealing
Asset Managers Strive to Cut Out Banks from Forex Dealing – Financial Times
Big investors are growing increasingly concerned that banks are able to decipher their trading patterns, and profit from the information, prompting a hunt for new ways to get deals done.Read More
No Brexit More Likely Than a Disorderly One: Economists
No Brexit More Likely Than a Disorderly One: Economists – Reuters
The chances that Brexit will be cancelled are now greater than the chances Britain will leave the European Union without a deal, according to economists in a Reuters poll, who again pushed back their expectations for when the Bank of England will raise interest rates.
China GDP Grows Faster Than Expected in First Quarter
China GDP Grows Faster Than Expected in First Quarter – Financial Times (subscription)
The Chinese economy grew at a faster-than-expected rate during the first quarter of this year, after US President Donald Trump last month backed down from a threat to escalate his trade war with Beijing and government stimulus measures began to take hold.
Global Trade Suffers Biggest Collapse Since Great Recession
Global Trade Suffers Biggest Collapse Since Great Recession – Daily Telegraph (subscription)
A recent collapse in global trade is the worst since the financial crisis and as steep as during the recession of the early 2000s, according to new figures from the Dutch government.