CME Group plans to launch bitcoin futures in the fourth quarter of 2017, pending all relevant regulatory review periods.
- Bitcoin Moves Toward Mainstream, Poised to Join Oil, Gold in Futures Trading – Wall Street Journal (subscription)
- Bitcoin Futures Could Open the Floodgates for Institutional Investors – Bloomberg
Valuing bitcoin derivatives and liquidity issues could pose the biggest problems.
The dollar steadied against a basket of major currencies as investors eyed a policy decision from the US Federal Reserve later in the day, while New Zealand’s battered dollar surged on stronger-than-expected jobs data.
- US Dollar Edges Higher as Fed Decision Looms – Wall Street Journal (subscription)
- Dollar Gains at Month-End as Traders Await BOE, Next Fed Chair – Bloomberg
Britain’s pound hit a 4½ month high against the euro, after a survey showed UK factories reported stronger growth than expected last month as well as rising inflation pressures.
Some of Europe’s biggest fund managers are set for a face-off on how best to trade the UK’s first potential interest-rate increase in a decade.
The London Stock Exchange Group has admitted that part of the €1tn-a-day London market for clearing trades denominated in euros could justify tougher oversight from the EU or even move outside the UK.
The record surge in earnings highlighted the impact of the franc’s weakness against the euro since the European Central Bank started moving towards winding down the exceptional measures it has taken to boost the eurozone economy.
The first three platforms to report FX volumes for October indicate that while turnover failed to maintain the September highs, average daily volume (ADV) remains close to the year’s peak.
Global banks charge premium for accepting local securities instead of major currencies.
There is a dawning realisation among all asset classes, including foreign exchange, that a focus on speed is no longer enough to stay ahead of the game.
Months of negotiations break down; ‘we will not be able to reach a compromise’.
However the bond market reacts to President Donald Trump’s nominee to lead the Federal Reserve, Morgan Stanley has some simple advice: do the opposite.
The use of Bitcoin as a form of payment has been banned in Vietnam, according to reports.
Russia is also working on its own national payment system, Medvedev told reporters in Beijing during a visit to China.
Group used Nomura’s capital to bet on stocks, currencies, debt.
Matthew Hodgson, chief executive and founder of Mosaic Smart Data, said its partnership with JP Morgan shows that the bank believes the fintech firm can provide metrics which will become the standard in fixed income, currencies and commodities.
R3 and 22 of its member banks have developed a new international payments solution that leverages distributed ledger technology (DLT).
Broadway Technology has signed three tier-one banks, including Barclays, to mark its expansion into the global fixed income marketplace.
Specialist FPGA-enabled high-performance networking platform provider Metamako, and Velocimetrics, a provider of business flow tracking and performance analytics, have announced a collaboration to deliver analytics and time stamping “beyond what is required by MiFID II”.
The New Zealand dollar was the biggest mover in an otherwise quiet morning session in Asia currency markets.
The Canadian dollar weakened against its US counterpart after data showing a surprise contraction of the domestic economy supported the Bank of Canada’s caution on further interest rate hikes.