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.
European investment banks in the City of London are facing tough conversations with their employees around bonuses, as the gap in pay between them and their US-based rivals is widening.
Former FX trader sued the Canadian bank for £13m, claiming he had been fired in 2016 after raising concerns about a box-ticking compliance culture.
Although EBS volumes rose month-on-month, average daily volume data for CME Group weakened in January from the year before.
Four-fifths of chief financial officers at UK companies say the country will be worse off after leaving the EU, in the latest gloomy assessment of the country’s post-Brexit prospects.
The buy side will not want to lose pricing benefits under the current swaps execution facilities system, an expert says.
Sometimes timing is everything. US derivatives dealers are moving inexorably towards a post-Libor world but, some argue, not fast enough, affecting the industry’s preparations for the day the disgraced benchmark ceases to exist.
The US market watchdog chewed through record amounts of data last year, amid a surge in volatility and the steady rise of automated trading.
Digital assets and cybersecurity continue to dominate the headlines, but the SEC consistently delivers the message that traditional market risks, such as fraud and liquidity management, remain at the forefront.
UK asset managers will have to provide investors with more information about how their funds perform under new rules introduced by the markets regulator.
Kraken, the US cryptocurrency exchange, has made its largest acquisition to date, pushing into futures trading with the purchase of London-based Crypto Facilities.
Digital asset exchange Quadriga CX has a $200 million problem with no obvious solution – just the latest cautionary tale in the unregulated world of cryptocurrencies.
After five consecutive weekly price declines, technical indicators suggest the outlook isn’t too bright for Bitcoin.
The US Securities and Exchange Commission is seeking a tool to provide a Big Data view across major blockchains.
Andrew Fredman hit the hedge fund lottery. For a decade and a half, he made a fortune as the investment brains behind Fir Tree Capital Management. Then, at 53, he walked away.
CurveGlobal set several new records on the platform in January, following a 350% increase in volumes since MiFID II was introduced.
Australia bank shares surged after an inquiry into decades of wrongdoing stopped short of demanding a structural overhaul of the scandal-plagued industry or tighter lending rules that threatened to crunch profits.
The British pound fell on Tuesday after a survey showed firms in the dominant services sector reporting job cuts for the first time in six years, while uncertainty over the progress of Brexit negotiations also weighed on the currency.
The dollar held on to recent gains on Tuesday ahead of US President Donald Trump’s State of the Union address which investors say could hint at progress in US-China trade talks.
Having the world’s reserve currency has allowed the US to make policy mistakes with near impunity.
Just as investors were beginning to ponder if emerging market assets have risen too far, too fast, the spotlight shifts to central banks.