The FinTech Challenge: Scale or Independence?
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The FinTech Challenge: Scale or Independence? – Profit & Loss
There comes a point for most successful
Why Platforms Need to Offer More Than Just Liquidity
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Why Platforms Need to Offer More Than Just Liquidity – Profit & Loss
In an environment in which liquidity has become increasingly commoditised, how do FX trading platforms offering access to this liquidity differentiate themselves? This was the question put to Jill Sigelbaum, head of FXall, Refinitiv.
Read MoreFXPA Webinar: “The CFTC’s SEF Reform Rule: Its Key Aspects and Prognosis” – Tuesday, December 11th at 9-10am (ET)
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Justin Slaughter, former counsel to a CFTC Commissioner and current counsel to the Foreign Exchange Professionals Association (FXPA), will provide a detailed breakdown of the CFTC’s new regulatory proposal to fully overhaul SEFs. Justin will provide a summary of the major changes contemplated, including changes to the made-available-to-trade process, SEF accessibility, and pre-execution communication requirements. Justin will also discuss the timeline for the rule, the motivations underlying it within the CFTC, and its prospects for finalization in its current form.
Read MoreThe Changing Face of FX Quants
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The Changing Face of FX Quants – Euromoney
The role of quantitative traders in the FX market is becoming ever more significant, as the amount of business executed via algorithms continues to increase.
Danger Lurks for Dollar Bulls in Outcome of Trump-Xi Dinner
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Danger Lurks for Dollar Bulls in Outcome of Trump-Xi Dinner – Bloomberg
The eyes of the global currency market will be on Saturday’s meeting between US President Donald Trump and Chinese leader Xi Jinping, with some analysts seeing even a modicum of progress toward easing trade tensions as enough to sink the dollar.
Read MoreRefinitiv Cuts 2,000 Jobs after Blackstone Takeover
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White House Casts Doubt on G20 Deal to Resolve China Trade War
White House Casts Doubt on G20 Deal to Resolve China Trade War – Financial Times (subscription)
The White House’s top economic adviser cast doubt over the prospect of a ceasefire in the escalating trade war with China, saying negotiations in the run-up to a high-stakes summit this week had made no progress and a new round of tariffs was likely.
—>Buy Side Sees FICC Research Glut
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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.
Read MoreCleared British FX Traders Put US Justice on Trial
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Cleared British FX Traders Put US Justice on Trial – Financial Times (subscription)
Now, among many other emotions, they are angry. They are asking why, out of all the hundreds of currencies traders in the City of London, they were picked out for a criminal trial. The traders and their lawyers struggle to understand how the long arm of US law can justify trying them away from home based on “hypothetical” victims and the testimony of a single former friend that failed to withstand scrutiny at trial.
Read MoreEU Steps Up Preparations for Euro Clearing in ‘No Deal’ Brexit
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EU Steps Up Preparations for Euro Clearing in ‘No Deal’ Brexit – Reuters
European Union regulators began on Friday to implement plans to ensure that trillions of euros in cross-border derivatives transactions would not be disrupted in the event of a “no deal” Brexit.
- TheRace to Avoid a Lehman Moment for Bankers after Brexit – Bloomberg
- ESMAWelcomes No-Deal Brexit Central Clearing Equivalence Plans – Global Custodian
- Bank
ofFrance Governor Sets Sight on Clearing after Brexit – Financial Times (subscription)