ECB Ready to Expand Stimulus Programs – Wall Street Journal (subscription) Mario Draghi projects slower-than-expected growth for Eurozone.
Lloyds Trader Fired Over Libor Rigging Sues for Unfair Dismissal – Bloomberg A former Lloyds Banking Group trader sued the bank for unfair dismissal after he was fired in the wake of the company’s fines for Libor manipulation.
SEF Turnover Perks Up in June – Profit & Loss Trading activity on swap execution facilities (SEFs), measured by average daily notional volume, was $434.94 billion in June, up 9.1% from May, but down 2.4% from June 2014, according to the latest data from the Futures Industry Association (FIA).
Mind The Liquidity Gap – Forbes Liquidity gaps have been occurring with increasing frequency.
US Treasury Warns China over FX Policy Decisions – Profit & Loss US Secretary of the Treasury, Jake Lew, has warned China that the US plans to hold it accountable for the actions it takes in the financial markets and that it needs to continue moving towards a market driven economy.
Weidmann open to talks on including China in IMF currency basket – Reuters Bundesbank chief Jens Weidmann said he is open to discussion on including the Chinese yuan in the International Monetary Fund’s benchmark currency basket, adding that recent financial turmoil in China should not pose a lasting danger to the global economy.
It’s Official: This Summer Was Busiest Ever for Treasury Trading – Bloomberg It’s been the busiest June, July and August ever for Treasury traders, judging by transactions on the $12.8 trillion market’s biggest electronic trading platform.
Meet Clack – Profit & Loss It was ahead of its time; cloaked in secrecy; innovative; and it can be argued to be the first agency model in FX markets.
US Federal Grand Jury Indicts ‘Flash Crash’ Trader – Reuters London day trader Navinder Sarao has been formally indicted by a US federal grand jury on charges of market manipulation that prosecutors say helped contribute to the 2010 “flash crash,” according to a September 2 court filing made public on Thursday.