Turkish President Recep Tayyip Erdogan warned that bankers deemed responsible for creating excessive demand for hard currency and making misleading predictions on foreign exchange rates will “pay a heavy price” after next week’s elections.
- Turkey Probes JP Morgan After Lira’s Worst Slide Since 2018 Crash – Bloomberg
- Even I Have to Draw the Line at FX Strategists Being Labelled Market Manipulators (opinion) – Profit & Loss
Bundling FX and non-FX services
The podcasters discuss how prime brokers and their preferred target customers are poles apart on what the PB service should look like. They also look at a new ETF launched in the crypto space, a strange FX market survey, and discuss how the FX market is radically different from 15-20 years ago.
Theresa May fended off a challenge to her leadership on Sunday but struggled to win over some of her most ardent Conservative opponents to her Brexit plans during a tumultuous weekend that raised new questions about whether she can long survive as prime minister.
Wall Street brokers have taken the unprecedented step of urging US regulators to let them charge clients separately for stock and bond analysis, a change that would upend the industry if it happened.
When the European Union first revealed plans to cut back unnecessary regulation through its Refit programme in 2015, derivatives users were quietly optimistic that authorities would take the pruning shears to the much-maligned swaps reporting rules.
‘Alarming’ figures come as the UK’s financial regulator faces a rise in bullying and harassment claims.
Harpal Sandhu, CEO of Integral, talks about the launch of his new cryptocurrency exchange, and how he sees the crypto markets evolving in the future.
Nearly 95% of all reported trading in bitcoin is artificially created by unregulated exchanges, a new study concludes, raising fresh doubts about the nascent market following a steep decline in prices over the past year.
FTSE Russell, the global index, analytics and data provider, and DAR Data Services have announced their intention to launch a new indicative FTSE Digital Assets Index. The new index will be used to evaluate and test a benchmark for the most actively traded digital assets.
If a significant venue like the Cboe doesn’t see a future in offering a product that institutional investors allegedly require, then obviously there’s no demand, right? And if the institutions don’t bring their money and legitimacy into the market, where is the much-needed liquidity going to come from? As usual, the reactions are overblown.
March 25 marks the one year anniversary of the launch of CME’s FX Link, probably the most significant attempt by a market intermediary to establish a bridge between OTC and futures markets.
imagine if you could stop rogue trading when it was just the spark of an idea – a stray thought sparked by a trader’s expensive divorce, a big loss suffered at a poker game, or growing disillusionment with the daily grind.
A joint project between the DTCC and Euroclear designed to streamline collateral settlement and reporting processes has gone live four years after its initially planned launch date.
Two central banks have signalled increased engagement with the fintech industry with the Bank of England publishing a detailed report in its latest Quarterly Bulletin into the potential for fintech and the Federal Reserve Bank of New York establishing a Fintech Advisory Group.
Eurex now has 28 participants signed up to the repo partnership programme including JP Morgan, Deutsche Bank and Morgan Stanley.
The fate of Deutsche Bank’s global investment bank, including its embattled US operations, has emerged as a focus of debate following the first week of formal merger talks with Commerzbank, according to people familiar with the matter.
Intercontinental Exchange and Eris Innovations are revamping the pricing structure of their European interest rate swap futures to make the contracts more user-friendly. A similar change has already proved highly successful in the US, and the two companies are now working to roll out the new pricing structure in the third quarter.
Sterling fell on Monday as pressure grew on Prime Minister Theresa May to give a date for leaving office ahead of parliamentary votes on Brexit.
The yen held near six-week highs against the dollar on Monday as fears of economic recession, fanned by inversion of the US bond yield curve, sapped demand for higher-yield, growth reliant assets and drove investors towards “safe” destinations.
The Turkish lira rebounded, recouping losses after its worst day since a crash last year, as the central bank raised rates borrowing costs and signaled it was taking steps to bolster its foreign currency reserves.