Weisberg Departs Thomson Reuters
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Weisberg Departs Thomson Reuters – Profit & Loss
Phil Weisberg, managing director, global head of FX, rates and credit at Thomson Reuters, has left the firm. Read More
LCH Targets Non-Cleared Market with Radical New Platform
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LCH Targets Non-Cleared Market with Radical New Platform – Risk (subscription)
SwapAgent will act as calculation agent for bilateral interest rate and forex derivatives trades. Read More
FXPA Announces 25th Member: INTL FCStone
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FXPA Announces 25th Member: INTL FCStone – FXPA
The Foreign Exchange Professionals Association is pleased to announce the addition of INTL FCStone as the newest Supporting Member of the FX trade group, bringing the total number of institutional members of FXPA to 25. Read More
Mark Carney Stands Ready to Serve Eight-Year Term at Bank of England
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Governor sees role helping economy through Brexit in move that will defy Tory critics. Read More
US Said to Probe Tullett, BGC, TFS-Icap Over Currency Options
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US Said to Probe Tullett, BGC, TFS-Icap Over Currency Options – Bloomberg
US authorities are investigating whether middlemen in the $5 trillion-a-day foreign exchange market posted fake bids, rigged auctions and gave confidential information to others who then profited from it, according to people familiar with the situation. Read More
US Elections: What Does the USD Data Suggest?
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US Elections: What Does the USD Data Suggest? – Profit & Loss
TraderMade’s chief technical analyst, Steve Jarvis, has put out some interesting research looking at USD trading patterns around past presidential elections to see if there is any indication of what to expect in the upcoming one. Read More
Uneasy Calm Grips Markets Suddenly Silent Before US Vote
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Uneasy Calm Grips Markets Suddenly Silent Before US Vote – Bloomberg
Muted moves just sent a cross-asset gauge of price swings in equities, rates, currency and commodities to the lowest since 2014. Read More
German Bundesbank: High-Frequency Trading Can Worsen ‘Flash Crashes’
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High-frequency trading firms tend to aggravate financial-market swings and could contribute to “flash crash” events, in which market prices collapse and rebound very rapidly, Germany’s Bundesbank warned in a report.
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US to Seek Ex-HSBC Executive’s Extradition From Britain
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US to Seek Ex-HSBC Executive’s Extradition From Britain – Reuters
The United States will seek the extradition from Britain of a former HSBC Holdings executive accused of participating in a fraudulent scheme involving a $3.5 billion currency transaction.
BIS to Hear Initial Verdict on Sterling Crash in November
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BIS to Hear Initial Verdict on Sterling Crash in November – Reuters
Central bank officials looking into the factors behind the dramatic fall sterling took on October 7 will make an initial report to the Bank for International Settlements in early November, sources with knowledge of the investigation said. Read More