Top Headlines

Clearing Houses Face Privacy Law Concerns – Risk Magazine (subscription)
Non-US clearing houses could face privacy law issues as a result of the trade reporting obligations placed on them by forthcoming US regulations – a clash that already affects some banks and prompted 12 national supervisors to write to the Financial Stability Board last year.
Read More

Top Headlines

BGC Partners to Buy Rival Brokerage GFI – Wall Street Journal (subscription)
BGC Partners has agreed to pay about $778 million for rival brokerage firm GFI Group, according to people familiar with the matter, ending a months-long hostile takeover effort.

• BGC Purchase of GFI Gets Green Light – Profit & Loss

Read More

Top Headlines

Pound Approaches Seven-Year High Versus Euro on Jobs Data, BOE – Bloomberg
The pound approached a seven-year high versus the euro after reports showed UK unemployment fell, average earnings rose more than economists estimated and the Bank of England said it sees inflation rising “fairly sharply” as the effects of weaker oil prices fade.
Read More

Top Headlines

Pressure Builds to Move More FX Trading On To Exchanges – Reuters
International regulators struggling to rein in the global foreign exchange market are finally finding some support from asset managers warming to the idea of moving more trading onto exchanges.
Read More

Top Headlines

FXPA Elects Board of Directors, Officers
The Foreign Exchange Professionals Association (FXPA) held elections on February 10 for its first permanent Board of Directors and Officers. The new FXPA Executive Committee includes: Chair Eric Busay, Portfolio Manager, CalPERS; Vice Chair Adam Cooper, Senior Managing Director and Chief Legal Officer of Citadel LLC; Treasurer Sean Tully, Senior Managing Director, Financial and OTC Products, CME Group; and Secretary William K. Goodbody, Jr, Managing Director, COO & Head of Sales of KCG Hotspot.
Read More