The US Commodity Futures Trading Commission (CFTC) issued an order filing and settling charges against The Bank of Tokyo-Mitsubishi UFJ (BTMU) for engaging in multiple acts of spoofing in a variety of futures contracts.
Sterling steadied after posting its biggest four-day decline in two months against the dollar as investors grew bearish about the outlook of the economy.
The dollar inched down for a second day, still holding on to most of the gains made on Friday after strong US jobs data even though investors remain unconvinced that the Federal Reserve will hike rates again this year.
China has chased the yuan bears back into the woods for the time being – but at the cost of its drive to make its currency a real rival to the dollar.
The Hong Kong dollar’s slide – Monday took it past HK$7.82 for only the third time in 10 years – is a side-effect of years of loose monetary policy.
Questions about post-Brexit status of UK CCP could spark mass migration – and severe volatility.
TP Icap, the world’s largest interdealer broker, said it had cut 175 jobs in the first six months of the year as it began to integrate the ICAP broking business it bought for £1.3bn.
It appears that investors have decided that low-yielding currency returns are riskier than equities, inverting the typical risk/reward relationship.
The UK may be headed for the door, but its lawmakers and civil servants in Brussels still have their work cut out as the European Union overhauls financial-services rules that will affect firms in London even after Brexit.
Europe’s top official in charge of winding down failed banks has urged the EU to tighten restrictions on when governments can pump money into stricken lenders, in response to recent cases in Italy where senior bondholders were spared losses.
Trading in blue-chip stocks and trillions of dollars of derivatives could be thrown into turmoil by the European Union’s MiFID II regulatory overhaul unless the bloc acts fast to give financial firms full freedom to transact in foreign markets.
Major differences exist between the way Europe’s various national financial regulators treat financial technology (fintech) firms, the European Banking Authority (EBA) says.
Legislation outlining the regulatory framework for digital currencies including bitcoin in South Korea has been introduced by lawmaker Park Yong-jin.
ACI – The Financial Markets Association says it is extending the search window for its next managing director.
CFTC data of clearing banks showed Citi held almost $18 billion in client margin for swaps clearing as of 30 June.
Foreign exchange trading is one of the sectors where electronic trading an execution can make the greatest difference.
New process will class privately executed trades as on-venue to satisfy trading obligation.
The South African rand could surge if President Jacob Zuma is ousted by a motion of no confidence in the nation’s parliament, though gains would reverse if Zuma survives the vote, analysts say.
Asian currencies were upbeat after a strong foreign reserves report from China set an optimistic tone as investors readied for this week’s flood of data from China and the United States.
Moroccans buy dollars, euros on fears of dirham will weaken.