Top Headlines
China Changes Its Currency-Market Ways – Wall Street Journal (subscription) Beijing’s typically ham-handed approach to yuan interventions may be giving way to subtler techniques.
FX Industry Divided on Randomization – Euromoney Randomization continues to divide opinion, with proponents’ claims of reduced latency arbitrage set against concerns over reduced certainty of execution and wider spreads.
Mind the Gap as Currency Markets Shrivel for All But Biggest Few – Bloomberg Even the world’s biggest financial market can’t escape the global liquidity drought. Currency traders accustomed to shifting billions of dollars around the globe are starting to suffer as dealers retrench.
Banks Expected to Adopt New Technologies Rather Than be Overrun – Reuters New technology firms are battering all kinds of companies, but banks will remain as financial intermediaries, due to the regulations and duties governments have put on them.
Ex-Tullett Broker Said He Lied to Hayes About Libor to Save Job – Bloomberg A former Tullett Prebon Plc broker accused of helping Tom Hayes rig Libor said he told the former UBS trader he’d help him manipulate the rate to get him off his back, but never actually followed through with it. |