As investors wait for the UK’s vote on the Brexit withdrawal agreement, banks and brokers have already accepted that, from March 29, Europe will be split into two distinct capital markets.
An image problem, the difficulty of making work flexible and the rise of quant trading are making the gender diversity quest an uphill battle.
HSBC has now settled more than three million FX transactions and made more than 150,000 payments worth $250 billion using distributed ledger technology.
A 21 percent decline in fixed-income revenue may not be an alarm for the rest of Wall Street.
Theresa May will warn Eurosceptic MPs that Brexitt could be blocked by parliament if they fail to back her in Tuesday’s historic “meaningful vote” on her withdrawal agreement.
Uncertainty over Brexit and the economy have led demand for Britain’s financial services to shrink for the first time in five years, with no immediate sign of an improvement, a survey by business group CBI and PwC showed.
Revisions to global rules for bank trading books will result in a halving of the extra capital needed from January 2022 to cover risks from market price swings, the Basel Committee said.
The US Federal Reserve is wary of giving “fintech” firms such as OnDeck Capital or Kabbage access to the country’s financial infrastructure, putting the central bank at odds with other regulators looking to bring them into the fold.
The longest government shutdown in US history is hurting the crypto industry, too.
As the impasse in Washington stretches into its record-breaking fourth week, the closure of the Securities and Exchange Commission and the Commodity Futures Trading Commission has put key developments – namely, the approval and launch of products and services involving cryptocurrencies – on hold.
CEO Kelly Loeffler announced Monday that the New York Stock Exchange–backed startup was acquiring “certain assets” belonging to Rosenthal Collins Group, an independent futures commission merchant. RCG had previously announced it was selling its customer accounts and brokerage business to British firm Marex Spectronn.
OTCXN, a blockchain-powered capital markets infrastructure company, has announced that Independent Reserve, a regulated cryptocurrency exchange that operates in Australia and New Zealand, has joined the OTCXN network.
Investment bank Vontobel has launched Digital Asset Vault to allow institutions to offer their clients an end-to-end service for digital assets.
Trading on SGX’s FX Futures more than doubled to $914 billion in 2018 as the exchange saw a record monthly volume of $96 billion traded in December.
Impressions that LCH’s de facto monopoly on interest rate swap clearing is at risk are misplaced, analysts claim.
For Cboe Global Markets, the new year is looking like the old one: turbulent.
TriOptima, a provider of multilateral compression services for OTC markets, set a new record for its triReduce portfolio compression service in 2018, having compressed $250 trillion gross notional value of trades at LCH SwapClear.
MarketFactory has secured a strategic investment from Accel-KKR, a technology-focused investment firm based in Silicon Valley with over $5 billion in capital commitment.
Central counterparty wrangled more money market repo cash than banks did by end-2018.
Sebastien Galy has joined Nordea Asset Management as a senior macro strategist.
Sterling slipped from two-month highs versus the dollar on Tuesday and volatility levels spiked as markets braced for parliament to give the thumbs-down to Prime Minister Theresa May’s Brexit deal later in the day.
The euro fell on Tuesday after data showed Germany’s economy slowed in 2018, underscoring fears about a broader slump in Europe.
Not having a currency of its own hasn’t stopped Zimbabwe from sliding into a currency crisis.