globalFXsource – Page 24 – Foreign Exchange Professionals Association

January 14, 2019 Julie RosglobalFXsource0

Will Crunch Brexit Vote Spark Sterling Rally or Sell-Off?

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Will Crunch Brexit Vote Spark Sterling Rally or Sell-Off? – Financial Times

How will sterling fare in (yet another) big week for Brexit? As always with Brexit and the pound, the sensible answer here is “nobody knows”. But some lively moves in the pound on Friday provided some clues.

The Pound’s Most-Accurate Forecaster Says It Will Slip Another 3% – Bloomberg
Theresa May to Warn no Brexit More Likely Than No-Deal EU Divorce – Financial Times
Leading Brexit Donors Say Britain Will Reverse Decision to Leave EU – Reuters

January 11, 2019 Julie RosglobalFXsource0

Where to Look for Triggers for Next Currency Flash Crash

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Where to Look for Triggers for Next Currency Flash Crash – Bloomberg

If once is an accident and twice a coincidence, traders looking for a third currency flash crash are surely poring over Japan’s holiday calendar by now, bracing for enemy action. Last week’s yen-driven crash that sent the Turkish lira into a tailspin and a sudden plunge in the South African rand in January 2016 had three things in common.

January 10, 2019 Julie RosglobalFXsource, Uncategorized0

New York Fed Publishes Policy on Confidential Market Information

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New York Fed Publishes Policy on Confidential Market Information – Profit & Loss

The Federal Reserve Bank of New York has taken the step of publishing a statement detailing how it handles confidential information from foreign exchange and Treasury market participants.

January 9, 2019 Julie RosglobalFXsource, Uncategorized0

Volatility: How ‘Algos’ Changed the Rhythm of the Market

Volatility: How ‘Algos’ Changed the Rhythm of the Market – Financial Times (subscription)

Philippe Jabre was the quintessential swashbuckling trader, slicing his way through markets first at GLG Partners and then an eponymous hedge fund he founded in 2007 — at the time one of the industry’s biggest-ever launches. But in December he fell on his sword, closing Jabre Capital after racking up huge losses. The fault, he said, was machines.

January 8, 2019 Julie RosglobalFXsource0

Cboe Announces Management Changes in Wake of Concannon Departure

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Cboe Announces Management Changes in Wake of Concannon Departure – Profit & Loss

Cboe Global Markets has announced a raft of senior management changes following the news that Chris Concannon is set to leave the firm, where he currently holds the position of president and COO.

Cboe’s Chris Concannon to Join Bond Trading Platform MarketAxess – Financial Times

January 7, 2019 Julie RosglobalFXsource0

TCA is Dead…Long Live TCA

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TCA is Dead…Long Live TCA – Profit & Loss

Transaction cost analysis (TCA) as we know it has already begun to go bad. Its origins in FX were really to allow asset managers to show their clients that their FX executions were in the right ballpark, but the new breed of buy-side FX traders (many of whom have moved from the sell-side) are looking for much deeper insights.

January 4, 2019 Julie RosglobalFXsource0

Three Theories on the FX Flash Crash: Robots, Apple, Yen Shorts

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Three Theories on the FX Flash Crash: Robots, Apple, Yen Shorts – Bloomberg

Traders and strategists are still attempting to identify the triggers for Thursday’s flash crash in the $5.1 trillion-a-day foreign exchange market.

January 3, 2019 Julie RosglobalFXsource0

Apple Warning Triggers Flash FX Move

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Apple Warning Triggers Flash FX Move – Profit & Loss

FX markets in early Asia experienced what dealers refer to as a “mini flash crash” today as risk aversion levels were ramped up and volatility ensued following a profit warning from Apple.