The US Commodity Futures Trading Commission (CFTC) has issued an $11.6 million fine in response to a FX fraud scheme.
New lows. Not even a dead cat bounce.
Sterling goes down and the FTSE goes up.
The dollar edged down for a second day, as cautious investors booked profits ahead of US President-elect Donald Trump’s first news conference since winning office, to be held on Wednesday.
Stock and currency markets across Asia were mixed in the wake of Wall Street’s retreat from record highs and declines for a number of major currencies.
With Donald Trump less than two weeks from taking office, China’s central bank continues to prop up the value of the yuan without success, adding fuel to the president-elect’s threat to punish China for manipulating its currency.
Data from Societe Generale Prime Services (SGPS) showed an uptick in CTA performance in December 2016, although its flagship index closed the year in negative territory for the first time since 2012.
Czech inflation has hit the central bank’s target of two per cent for the first time since 2012, heaping additional pressure on the country’s soon to be expired currency regime with the euro.
If bond and currency traders didn’t have a post-New Year’s Eve hangover, they might just have a splitting headache now.
There’s a major rebound underway in the fixed income, currencies, and commodities (FICC) trading business on Wall Street and one bank stands to win big from it.
The final stage of a demonstration platform for allocating product reference numbers to over-the-counter derivatives has been opened to the public this year to meet a new regulatory requirement in the European Union from 2018.
The Office of the Comptroller of the Currency’s plan to offer a federal charter for fintech companies is facing a challenge from two top Senate Democrats.
Taiwan’s central bank said that it will lift restrictions to allow securities brokerages to conduct more foreign-exchange transactions to help the industry as it continues to struggle with low turnover on the local bourse.
The Depository Trust & Clearing Corporation (DTCC) has selected IBM, in partnership with Axoni and R3, to provide a distributed ledger technology (DLT) framework for derivatives post-trade lifecycle events.
HSBC’s sterling watchers have a new widget: a Brexometer.
The update to Europe’s securities rulebook, coming into force next year, will extend the scope of real-time trade reports.
Prime Minister Narendra Modi is set to inaugurate an international exchange in Gujarat state’s new finance zone, seeking to grab some of India’s $48 billion in offshore banking activities from Singapore, Dubai and Hong Kong.
While 2016 was defined by unpredictability and the resulting volatility in the FX markets, there is much more to come in 2017 – and inactivity is as risky as change for small businesses grappling with the fallout from economic and political change.
The Canadian dollar ended little changed against a weaker US counterpart, with a Bank of Canada business outlook survey helping it hold ground even as prices for crude oil, a major Canadian export, tumbled.
Worst levels since November for the GBP/ZAR exchange rate due to worsening Brexit jitters.
The Turkish lira plumbed new record lows, weighed down by a weakening economy and destabilising militant attacks, though other emerging markets were lifted by encouraging Chinese data and a pause in the rise of US bond yields.