Top Headlines

Banks Projected to Spend $1bn on Blockchain – Profit & Loss Banks Projected to Spend $1bn on Blockchain.

PBOC Inadvertently Boosts Stocks With Dated Zhou Comments – Bloomberg China’s central bank unintentionally sparked a surge in the nation’s stock market by publishing five-month-old comments from gov Zhou Xiaochuan that said a link between exchanges in Shenzhen and Hong Kong would start in 2015.

Electronic Traders Are in China’s Sights – Wall Street Journal (subscription) As regulator proposes new restrictions on program traders, foreign investment firms say curbs will slow development of country’s markets.

Denmark: Pace of FX Intervention Slowed Further in October – FX Street Denmark’s FX reserve fell to DKK492bn in October, following DKK10bn of FX intervention by Danmarks Nationalbank.   I

celand Raises Rates as It Moves Closer to Capital Controls Exit – Bloomberg Iceland’s central bank raised its benchmark interest rate for the third time since June as it prepares to lift krona restrictions in place since 2008.

European Banks’ Long Road to Recovery – Wall Street Journal (subscription) European banks get a late start on restructuring compared with their trans-Atlantic rivals.

It’s Been a Rough Year for Analysts Forecasting Central-Bank Decisions – Bloomberg And it’s not over yet.



Regulatory News

China Promises to Make Currency Yuan Freely Traded by 2020 – Economic Times China’s ruling Communist Party says it plans to make the country’s tightly controlled currency, the yuan, freely traded by 2020.

Creating an FX Code With Teeth – Profit & Loss David Puth, chairman of the Bank of International Settlements (BIS) Market Participants’ Group, has stressed the need for the FX market to adopt a code of conduct that has “teeth”.

Probe Widens Into Treasury Debt Auctions – Wall Street Journal (subscription) Justice Department and CFTC ask banks for information tied to government debt sales.



Company News

CQG, DriveWealth and Direct FX Partner to Launch Multi-Asset Platform – Finance Magnates A new multi-asset trading platform, CQG One, was launched by the American provider of forex technology and software solutions CQG in collaboration with DriveWealth and Australian Direct FX.

Aite Sees Listed Derivatives Trading Moving East – Profit & Loss A new report by Aite Group shows that the Asia-Pacific region offers the most growth potential for listed derivatives trading.



Market Savvy  

Momentum Builds Behind Dollar as Eyes Shift to Jobs Data – Reuters The dollar inched towards 2-1/2 month highs against a basket of currencies on Wednesday, buoyed by returning expectations of a rise in U.S. rates and better growth globally, which has prodded yields on U.S. government bonds higher this week.

Pound Options Ignore Super Thursday to Brace for NFP – Bloomberg Currency option traders seem to expect little of the Bank of England’s “Super Thursday” this week, even as they brace for potential market turbulence fueled by U.S. jobs data due the very next day.

Global Stocks Extend Rally – Wall Street Journal (subscription) Market awaits key readings of U.S. economy.



Press Releases

TradingScreen Monitors Market Abuse Scenarios – Profit & Loss TradingScreen announces the launch of the Market Surveillance Tool, part of its TradeAnalytics family of products, designed to monitor a broad range of market abuse scenarios across all asset classes, especially listed derivatives.

SmartTrade Adds Margin Credit – Profit & Loss SmartTrade Technologies added a margin credit functionality to its “end-to-end low latency” FX trading platform, LiquidityFX, due to growing client demand, the company says.



Industry Events