Buy Side Sees FICC Research Glut – MarketsMedia
Asset managers are using fewer research providers for fixed income, currency and commodities but said this is not having a negativeimpact on returns, highlighting a potential oversupply.
Euro at 20: Success Amid all the Flaws – Reuters
The euro turns 20 in January but came of age as the world’s number two currency some time ago. After two decades of relentless critique and predictions of doom, the single currency has already outlived many of its harshest critics’ predictions when it was born in 1999.
The Worst Front Office Banking Jobs in Late 2018. And the Best – eFinancialCareers
If you want to be assured of continued employment ina front office banking job in 2019, there are a few preferential places to be right now. The best front office jobs: Commodities, equity derivatives, G10 FX, prime services, equity capital markets, cash equities and emerging market macro.
- Coalition Investment Banking Index – 3QYTD18 – Coalition
- Global Bank Headcount Shrinks for Eight Years Running – Bloomberg
The Convergence of Investment Research and Alternative Data – Integrity Research
We see the research and alternative data industries converging as firms try to provide investors with unique insights and signals.
FSB Names New Chair to Replace Mark Carney – Profit & Loss
The Financial Stability Board has named Randal Quarles
Euro Bond Traders, Platforms Trigger “Plan B” for No-Deal Brexit – Reuters
In the latest high-profile move, the London Stock Exchange said last week that its MTS Cash platform would shift a fifth of itstrading volume – which averages 13.4 billion euros a day – to Milan. Trading inBritish government bonds will stay in London.
- Super-Rich Prepare to Move £1tn from
UKas Corbyn Fears Heighten – Financial News (subscription)
- Bankers Worry: ‘We’re Spending Too Much Time on Brexit’ – Financial News (subscription)
- May’s Big Gamble: Everybody is Bored of Brexit – Bloomberg
European CCP Association Elects Co-Chair – MarketsMedia
The European Association of CCP Clearing Houses (EACH) unanimously elected Julien Jardelot, Global Head of Post-trade and Technology, Regulatory Strategy LSEG, as Co-Chair of EACH for the current term of the EACH Board expiring March 2020.
Nasdaq Plans to Pursue Bitcoin Futures Despite Plunging Prices, Sources Say – Bloomberg
Nasdaq is moving ahead with a plan to list Bitcoin futures, according to two people familiar with the matter, betting on sustainedinterest despite the cryptocurrency’s dramatic plunge over the past year.
Bitcoin Continues Steep Fall as Cryptocurrency Collapse Worsens – The Wall Street Journal (subscription)
The cryptocurrency plunged below $4,000 over the weekend and fell below $3,650 late Monday. Last week, it lost nearly a third of its value in seven days, one of its worst weekly selloffs on record.
Digital Asset Sec Lending Platform Gains In-Principle DLT Provider Status in Gibraltar –The Trade Crypto
Lendingblock gains in-principle authority in Gibraltar to operate as a DLT provider, as it begins onboarding institutions ahead of launch early next year.
Coinbase Joins Securitize Funding Round – Finextra
Securitize, a platform for issuing and managing compliant
Jane Street and Flow Traders are Actively Trading the Top Five Cryptocurrencies fora New Exchange-Traded Product – The Block
Jane Street Financial and Flow Traders, two quantitative trading firms and liquidity providers, have become active traders of bitcoin, XRP, ether, bitcoin cash, and lite coin as authorized participants for the Amun Crypto ETP.
LCH ForexClear Compresses $4.5 billion of Cleared Notional – The Trade
LCH has helped its ForexClear members reduce notional outstanding by $4.5 billion, with Citi and Standard Chartered among the first participants to actively compress their trades through the service.
Refinitiv Enhances Thai Baht FX Benchmarks Through WM/Reuters Spot Rate Service – Refinitiv
UBS Shakes Up Leadership of Fixed Income Trading Team – Financial News (subscription)
The Swiss bank has named Mark Tinworth as co-head of linear rates trading alongside Duncan Haig, which is part of a broader set of leadership changes.
Dinosaur Launches New FX Service – Profit & Loss
Dinosaur Financial Group, a broker-dealer
Fixed Income Hedging Set to Climb as Rates Rise – Financial Times (subscription)
Open interest in fixed income contracts at Europe’s two largest futures exchanges has soared in the final quarter of the year. ICE Futures Europe, which trades contracts at the short end of the yield curve, hit a record high of nearly 11m contracts earlier this month. Deutsche Börse’s Eurex, whose contracts cover longer-dated futures, rose to 9.6m from 8m a year ago in October.
BCS Launches Synthetic Prime Brokerage Services – Waters Technology (subscription)
As Moscow Exchange-listed derivatives are unrecognized by the US Commodities Futures Trading Commission, the offering provides US-dollar denomination and enables global buy-side and sell-side institutions to access Russian equities and derivatives without the need for local settlement or registering of a ruble account.
Ice Changing Margin Model for Move into Options – Risk.net (subscription)
Ice Clear Credit has received regulatory approval to switch from its stress-based initial margin methodology to one based on Monte Carlo simulations – a step, the clearer says, that paves the way for it to launch clearing for options on credit default swaps indexes.
NSE to Launch Weekly Dollar-Rupee Derivatives Contracts on December 3 – Business Standard
India’s National Stock Exchange has received Sebi’s approval to introduce weekly derivatives contracts on USD-INR, which it will launch from 3 December.
Soft Brexit Looks Likely after Difficult Endgame: Morgan Stanley – Global Investor (subscription)
Morgan Stanley economist Daniele Antonucci expects a decision in the first quarter of 2019 for a soft Brexit.
Sterling Weakens after Trump Says Brexit Deal May Hamper Trade with US – Reuters
Sterling slumped versus the dollar and the euro on Tuesday after falling through some key levels overnight on comments from US President Donald Trump that a Brexit deal could hamper trade ties with the United States.
Trump Talk Pushes Dollar to Near Two-Week Highs – Reuters
The US dollar rallied on Tuesday after US President Donald Trump said that he would push ahead with tariffs on Chinese goods, fuelling concern about a Sino-US trade war and boosting demand for the greenback.
Currency Traders Place Cheap Bet That Trump and Xi Could Reach a Truce – Bloomberg
Currency traders aren’t ruling out the prospect that the highly anticipated meeting between US President Donald Trump and Chinese leader Xi Jinping this weekend will deliver a trade truce.