FXPA Elections for First Permanent Board Set for 10 Feb
The Foreign Exchange Professionals Association (FXPA) will hold elections for its first permanent Board of Directors and Officers on Feb 10. FXPA, which launched Sept 25, 2014, now has 18 members representing the diversity of participants in the institutional FX market. To find out how you can support the FX industry through education, research and advocacy, visit our website at www.fxpa.org, become an institutional member, and sign up for our newsletter, FXPA globalFXsource.
ESMA Scraps Mandatory Clearing of NDFs for Now – Profit & Loss (free story)
The European Securities and Markets Authority (ESMA) will not immediately be proposing a clearing mandate for non-deliverable forwards (NDFs), following responses it received after issuing a consultation paper on a potential clearing obligation for NDF products in October 2014.
Euro Edges Up After Sinking on ECB Move on Greece – Reuters
The euro inched up on Thursday on strong German data, clawing back some of the ground it lost the previous day after the European Central Bank said it would no longer accept Greek bonds in return for funding.
FICC Research Set for Shake-Up – Financial News (subscription)
It’s not broken. But the European Union is going to fix it anyway. Rules designed to end conflicts of interest in equities research are set to have a spill over impact on research into bonds and currencies.
FX Volumes Remain Strong in January, Apart from Russia – Profit & Loss (free story)
Initial foreign exchange volume reports show greater market activity in the first month of 2015, which saw one of the most volatile trading days in recent history as a result of the Swiss National Bank’s sudden removal of its EUR/CHF cap on 15 January.