Top Headlines

China Stocks: Trading Called Off for Second Time This Week – Wall Street Journal (subscription) China’s stock market tumbled and scored its shortest trading day in its 25-year history.

George Soros Sees Crisis in Global Markets That Echoes 2008 – Bloomberg Global markets are facing a crisis and investors need to be very cautious, billionaire George Soros told an economic forum in Sri Lanka.

CTAs Finish 2015 Flat – Profit & Loss In December, CTA strategies posted negative returns across the board to end a volatile year in new data, according to Societe Generale Prime Services (SGPS), the newly rebranded name of the Newedge Indices.

Front Office Outsourcing Being Considered by 50% of Buy-Siders – The Trade News Half of asset managers said they would consider outsourcing part of their front office, according to a study by global consultancy firm Alpha.

Lagarde Tells Nigerian Lawmakers IMF Does Not Back FX Curbs – Reuters International Monetary Fund chief Christine Lagarde told Nigerian lawmakers on Wednesday the IMF does not support foreign exchange restrictions, a policy option Abuja took after prices for its oil exports collapsed.



Regulatory News

Leaving Europe Outweighs Mifid on Risk Scale – E Financial News With a year-long delay to the European Union’s revised trading rulebook now looking likely, and many implementation projects on ice, thoughts are turning to another issue looming over Europe: Brexit. A referendum on whether the UK should remain in the EU is set take place before the end of 2017 but many think the sooner it takes place, the better.

Esma Raps Regulators Over Short-Selling Shortcomings – E Financial News Europe’s top markets regulator has sharply criticised regulators in the UK, Germany and elsewhere over their application of regulations about short-selling, branding the situation “far from ideal”, but national supervisors claim the review’s findings are inaccurate.

UK Regulator Probes Lloyds Traders for Possible Gilt-Market Manipulation – Wall Street Journal (subscription) Lloyds in recent months has been handing over information to the Financial Conduct Authority. 



Company News

Goldman Sachs Shuffles Securities Executives – E Financial News Goldman Sachs has moved several senior executives into new roles, and added another from its rival, Morgan Stanley.   S

tandard Chartered Said Suspended From Trading Currency in China – Bloomberg Standard Chartered Plc has been suspended from some foreign-exchange trading in China until the end of March as part of the government’s measures to to stem a market selloff, according to a person with knowledge of the decision.

Morgan Stanley Shake-Up Leaves Colm Kelleher as Top Lieutenant – Wall Street Journal (subscription) Gregory Fleming, once considered a possible CEO successor, departs.

Klein Joins Earthport – Profit & Loss Peter Klein has joined cross-border payment specialist Earthport as its new global head of FX.

Hamberger Joins Credit Agricole – Profit & Loss Stefan Hamberger has joined Credit Agricole as global product manager, e-FX.



Market Savvy  

Dollar Drops as Fed Cites Currency as Risk to Its Inflation Goal – Bloomberg The dollar fell after minutes from the U.S. Federal Reserve’s December meeting cited the strength of the greenback as a risk to the central bank’s objective of raising inflation toward its 2 percent goal.

Oil Prices: Seeing a Bottom Doesn’t Mean You’re There – Wall Street Journal (subscription) Oil prices at an 11-year low seem extreme but energy stocks still haven’t shown signs of capitulation.

Pound Drops to Weakest Since 2010 Amid UK Economic Risks – Bloomberg The pound fell to the weakest level since June 2010 as Chancellor of the Exchequer George Osborne prepares to say a “dangerous cocktail” of global threats faces the British economy this year.



Press Releases

TradAir Expands in Asia, Hires in London – Profit & Loss TradAir is expanding its presence in Asia by opening a local office, and deploying servers, in Singapore.



Industry Events