The Unanswered Brexit Questions for Traders
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The Unanswered Brexit Questions for Traders – Financial Times
This month regulators responsible for capital markets spanning both the EU and the UK have signed agreements on data-sharing and surveillance for trading and clearing. However, brokers, banks and investors remain anxious for guidance on what will happen to some key areas of trading should Britain leave the EU on March 29 without an agreement.
Read MoreTraders Eye ‘Bad Trade’ in Swiss Franc Flash Fall
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Traders Eye ‘Bad Trade’ in Swiss Franc Flash Fall – Financial Times
The Swiss franc is the latest currency to have gone bump in the night.
Read MoreSocGen to Shrink Trading Unit, Cut Costs after Market Rout
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SocGen to Shrink Trading Unit, Cut Costs after Market Rout – Bloomberg
The Paris-based bank is replacing its global markets head and will review less profitable fixed income and currencies activities after a 29 percent decline in fourth quarter revenue.
Read MoreWall Street Banks Reckon the Dollar Must Fall. Traders Don’t Agree
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Wall Street Banks Reckon the Dollar Must Fall. Traders Don’t Agree – Bloomberg
As a growing chorus of analysts from the likes of Morgan Stanleyy and Nomura predict dark days for the dollar, the market is telling a different story.
- Dollar’s Shine Dulling, But Other Side Not Much Brighter: Reuters Poll – Reuters
- Dollar Is ‘Best of a Bad Bunch’ in Surprise Turn for Wall Street – Bloomberg
HSBC Cuts Dozens of Investment Banking Jobs
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HSBC Cuts Dozens of Investment Banking Jobs: Source – Reuters
HSBC is preparing to lay off dozens of staff in its global banking and markets business. Those affected will be informed this week.
Read MoreBrexit Agreement Reached to Bolster London Derivatives Clearing
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Brexit Agreement Reached to Bolster London Derivatives Clearing – Bloomberg
The Bank of England and European Union regulators have agreed to cooperate on oversight of clearinghouses, in the latest move by authorities to prevent problems stemming from a no-deal Brexit scenario. The deal will help business continue at the LSE, clearinghouses run by the London Metal Exchange and Intercontinental Exchange, as well as securities depositories based in the UK.
Read MoreBanks Fret over Investor Inaction on Brexit
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Banks Fret over Investor Inaction on Brexit – Financial Times
Leading banks have appealed for help from regulators after as few as 10 per cent of clients returned paperwork allowing them to trade smoothly in the event of a no-deal Brexit.
Read MoreEU Markets Watchdog Approves Brexit Agreement with Britain
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EU Markets Watchdog Approves Brexit Agreement with Britain – Reuters
The European Union’s markets watchdog said it has approved an agreement on supervisory cooperation with Britain after Brexit to avoid disruption to cross-border financial services like asset management.
Read MoreFederal Reserve’s ‘Momentous’ U-Turn Prompts Puzzlement
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Federal Reserve’s ‘Momentous’ U-Turn Prompts Puzzlement – Financial Times
After putting traders on notice six weeks ago to expect further increases in US interest rates in 2019, the Federal Reserve has executed one of its sharpest U-turns in recent memory.
Read MoreFX Volumes Dip from April 2018 Highs
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FX Volumes Dip from April 2018 Highs – Profit & Loss
The latest round of FX turnover data from a group of the world’s FX Committees show that volumes dipped in October 2018 compared to April last year when they hit a new high mark.
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