The latest Bank for International Settlements Quarterly Review provides execution method data relating to the recent Triennial Survey of FX Turnover and finds that while e-ratios generally are stable, there have been some significant shifts in the channels handling the volume.
Expectations of a Conservative Party victory in Thursday’s UK election have sent the pound rocketing – but some investors are hedging themselves against a surprise outcome that could deal the currency a mighty blow.
Democrats in the US House of Representatives were expected to unveil two articles of impeachment against Republican President Donald Trump, a senior Democratic aide said, setting the stage for a possible vote this week on impeachment.
Sources from Beijing and Washington continue to believe that tariffs planned for Sunday will be averted, due to economic pressure on both the US and China.
European Central Bank President Christine Lagarde is discovering that her grand ambitions for fighting climate change will have to take a back seat to her new job of reviving inflation.
Senior US and Canadian officials were set to fly to Mexico City to work on the final changes to a languishing North American trade pact that could clear the way for a vote in the US Congress before the end of the year.
Central banks have underestimated the political lower bound, under which public support erodes.
Paul Volcker, the towering former Federal Reserve chairman who tamed US inflation in the 1980s and decades later inspired tough Wall Street reforms in the wake of the global financial crisis, died on Monday at the age of 92, according to his daughter.
FX settlement risk has increased since 2013, according to the Bank for International Settlements, both in relative and absolute terms, however the gross market value of outstanding FX and OTC derivatives has fallen, thanks largely to the growth in clearing.
Large banks are making the fastest progress in the transition away from the troubled London interbank offered rate, which underpins trillions of dollars in financial contracts.
In Italy and Germany, compound interest – the foundation of Euribor fallbacks – is actually illegal.
US Commodity Futures Trading Commission Chairman has come out to support an activity-based approach over the systemically-important label
LedgerX co-founders and senior executives, Paul Chou and Juthica Chou, have been placed on administrative leave by the board of directors of the platform’s parent company, Ledger Holdings.
We like a little futurism, but elements of Deutsche Bank’s boldly titled “Imagine 2030” report, the latest edition of its “Konzept” periodical, already belong in the past. Chiefly what they have to say about the rise of “crypto”.
Bitmain Technologies Ltd.’s billionaire Chief Executive Officer Wu Jihan is back in the driver’s seat following the ouster of his co-founder, touting new sales initiatives to attract clients as the company fends off rivals.
Barely three months after launching its long-anticipated physically settled bitcoin futures product, the Intercontinental Exchange’s Bakkt has gone live with its bitcoin options and cash-settled futures contracts.
The reason the majority of the cryptocurrency market has under-performed this year is lack of liquidity. Add margin trading to that and the potential of massive cascades in price arises as holders of the altcoin MATIC have just found out.
The old image of bitcoin miners is of young techies in their bedrooms, hunched over laptops that solve maths puzzles to earn new coins. Now they’re more likely to be savvy startups with ultra-high-speed chips and massive, power-guzzling machines.
LCH has named Matthew Fetta as the clearinghouse’s new chief operating officer for its SwapClear and listed rates business.
Some investors are betting that rumours of the death of the global macro fund have been greatly exaggerated.
Move is the latest in a series of senior departures from the investment company since its new CEO was appointed in September.
AccessFintech has announced the completion of production launch and says it is now live with a new industry use case aimed at enhancing and improving the market’s settlement exception resolution process.
Morgan Stanley is cutting about 2% of its workforce globally due to an uncertain global economic outlook, according to a source familiar with the matter.
Dymon Asia Capital (Singapore) Pte. is positioned so that almost one-third of its macro hedge fund’s portfolio would benefit from black-swan market events and dislocations, Chief Investment Officer Danny Yong said.
China’s Commerce Ministry may have inflated its monthly foreign direct investment figures to show that the trade war with the US is not discouraging foreign companies from making outlays, according to a closer look at the data.
The dollar and yen mostly held the safe-haven high ground on Tuesday, with investors wary of a looming deadline for US tariffs on China, the British election and upcoming Federal Reserve and European Central Bank meetings.
Gold’s impressive advance in 2019 — aided by trade war frictions, easier monetary policy across the world’s leading economies and sustained central bank buying – may be set to spill into the new decade.
At this point, most investors probably just want the year to be over to book their gains – especially now that the Cboe Volatility Index is behaving in a way that’s preceded market losses in the past.
Supportive ECB policies and green-shoot growth in several European economies, as Germany successfully avoided a recession, are good news for the market, but the US threat of tariffs on French goods could portend an escalation of tensions.
The Brazilian real has had a challenging time in recent months, with the currency sinking to a record low against the US dollar at the end of November before the country’s central bank intervened to limit losses in the currency, but investors are anticipating a turnaround.