Icap looks to have secured a deal full of (Far) Eastern promise. The company has extended its association with the China Foreign Exchange Trade System (CFETS) by announcing the latter has chosen its EBS BrokerTec technology for electronic execution services in mainland China.
Hillary Clinton has launched a fierce attack on Donald Trump, accusing her White House rival of pushing a “dangerously incoherent” foreign policy and having a temperament that risked involving the US in a nuclear war.
Banks with the weakest cyber defences could be kicked off the Swift global bank payments system, its chief executive has warned as the organisation scrambles to restore faith in its security after several raids by hackers.
JP Morgan has published a document on its website explaining its trade matching and last look practices in its principal FX business.
The chief executive of JPMorgan will call a British exit from the EU a “terrible deal for the British economy” as he becomes the latest international business leader to emphasise the risks facing service industries.
- After Vote, British Exit Could Be Faster Than Most Think – WSJ
- Cameron Savaged in Sky News Debate – The Daily Telegraph
The Securities and Exchange Commission today charged a New York City-based trader with defrauding investors out of millions of dollars by misrepresenting her investment track record, the profitability of her investments, and her use of investor funds.
After watching an hour long interview with Karen Bruton the “Supertrader” on tastytrade.com it is apparent that even seasoned professionals can find it very difficult to determine the legitimacy of a fellow trader.
The biggest American banks will likely have to bulk up their balance sheets further to protect against possible financial shocks, Federal Reserve officials said Thursday.
Bayer AG has secured about $63 billion in financing from five banks for its proposed acquisition of Monsanto Co., according to people familiar with the matter, a deal that would make it the world’s biggest supplier of farm chemicals and seeds.
BP agreed to settle with shareholders for $175m (£121.4m) last night over a class action lawsuit sparked by the Deepwater Horizon incident.
World shares advanced toward their highest level in a month on Friday, although investor wariness over rising prospects of a near-term Federal Reserve rate hike subdued activity as traders awaited U.S. jobs data later in the day.
In a dovish shot across the bow of a Federal Reserve widely expected to raise U.S. interest rates this summer, Chicago Fed President Charles Evans said Friday he thinks a “reasonable case” can be made for deferring rate hikes until core inflation reaches the Fed’s goal of 2 percent.
Friday’s jobs report from the Labor Department is expected to show a slight deterioration from April’s reading.
The Bundesbank cut its German inflation and growth forecasts on Friday citing weaker demand for exports, even as it predicted that robust consumer demand and a tightening labor market would keep the domestic economy buoyant.
The European Central Bank will finally launch its landmark corporate bond buying programme next week, but rather than buzzing with euphoria, many credit strategists and investors are wary or even downright fearful of its potential impact, warning that it may be sewing the seeds of a “a systemic financial crisis”.
Boring isn’t it. I’ve stopped playing in the markets for a while and am instead making my shilling by doing things that people pay me for rather than being part of the zero sum game of pass the money parcel that is financial trading.
Iceland’s parliament has passed a bill authorizing the central bank to introduce a reserve requirement for certain new inflows of currency.
A weaker yuan heightens the risk of capital flight from China and a rerun of the market falls we saw at the start of this year.
The recent growth in prime-of-prime (PoP) offerings is unlikely to abate any time soon, said panelists at Profit & Loss Forex Network London, although they added that this might also benefit the traditional FX prime brokers.