Central Bankers Urge Fed to Get On With Interest-Rate Increase – Wall Street Journal (subscription) Many officials at IMF meeting in Lima, Peru, say they would prefer certainty over agony of waiting.
Barclays Publishes Last Look Criteria – Profit & Loss At the same time as sources tell Profit & Loss that US authorities are renewing their investigation into last look, Barclays has issued a document laying out how it uses the practice.
What Does MiFID II Mean for FX Markets? – Profit & Loss The final technical standards (TS) for the Markets in Financial Instruments Directive (MiFID II) were published at the end of September, but what does this major piece of European regulatory reform mean for the FX industry?
Chinese FX Reserves Data Add to First Signs of Stabilization – Econotimes In China, data for FX reserves added to signs that the Chinese business cycle is bottoming. FX reserves fell by USD43.3bn, which was less than expected and a much smaller decline than in August, when reserves fell a record USD93.9bn.
NY Fed: HFT Strategies are Causing Liquidity Mirage – Profit & Loss High-frequency trading (HFT) strategies are contributing to liquidity mirages in the US Treasury markets, according to new research from staff at the Federal Reserve Bank of New York.
ECB Stimulus Talk Pledges Euro-Area Shield From Global Gloom – Bloomberg Mario Draghi is reminding the world that the euro area has a trillion-euro comfort blanket.
Banks Hit With Another Disappointing Trading Season – Wall Street Journal (subscription) Although third-quarter bond-market trading volumes are flat with a year ago, big-bank trading revenues will likely fall.