European leaders allowed Prime Minister Theresa May to postpone the Brexit deadline beyond next week, but warned the UK could still crash out of the trade bloc in mid-April unless the British political stalemate over the withdrawal agreement was broken.
- EU Imposes New Brexit Timetable Allowing May Last Chance for Deal – Financial Times
- Brexit Risks Could Still Disrupt European Finance – Bloomberg
Institutional allocators, wealth managers and family offices want the best performance possible from their portfolios, but what does “best” really mean for these firms?
The early part of the Asian trading day – when currency flash crashes tend to happen – seems to be when intervention happens too. All five instances the Hong Kong Monetary Authority has recently bought the local currency to keep it from falling below the weak end of its trading band have been around 5 a.m. to 6 a.m. local time.
The Federal Reserve now believes its monetary policy is back to normal. That should worry you: if this is normal, then the Fed has precious little ammunition for when economic conditions again turn abnormal.
Despite all the extra information about costs and complications, the debate over Brexit has not really advanced from 2016.
“Unintended and unnecessary” splits in regulation damage financial markets, says FSA’s Ryozo Himino.
Although global buyside firms support Mifid II’s unbundling rule across all their operations, various Asian regulators and smaller domestic investment firms say they’re unhappy with the new dynamic.
The European Securities and Markets Authority (ESMA) has updated today the public register of those derivative contracts that are subject to the trading obligation under the Markets in Financial Instruments Regulation.
London-based Elwood Asset Management, which is backed by Brevan Howard co-founder, Alan Howard, has partnered with Invesco to launch its first product aimed at investors looking for exposure to digital assets, the Invesco Elwood Global Blockchain UCITS ETF.
Government concerns about cryptocurrencies have snarled a plan by the owner of the New York Stock Exchange to launch the first futures contract that would pay out in bitcoin.
Ron Karpovich of JP Morgan says there is a difference between trading cryptocurrencies and using technology to enhance payment infrastructures. The bank sees the technology as a means of doing things faster and cheaper, he says.
Institutional money requires institutional-level custody. Third-party custody of traditional assets is an established and secure service offering, but these services are not readily applicable to digital assets.
Refinitiv has introduced Deal Tracker as a Service (DTaaS), a Cloud archiving and compliance tool for FX post-trade flow sourced from Refinitiv FXT.
Panellists say there is no evidence as yet to demonstrate the value of speed bumps.
JPX and TOCOM plan to merge this year to create an all-in-one bourse that handles stocks, derivatives and commodities futures, but challenges will remain even after a final agreement is reached.
The ISDA Common Domain Model for interest rate and credit derivatives has been published, part of a push to standardise global derivatives trading and automate market practices.
Britain’s pound held above $1.31 on Friday after recovering overnight when European Union leaders gave Prime Minister Theresa May a two-week reprieve, until April 12, to decide how to leave the European Union.
The euro tumbled more than half a percent on Friday below the $1.13 level as a big miss in German manufacturing survey data and falling bond yields prompted traders to cut their positions.
Volatility across several major asset classes has fallen to its lowest level in years as both the Federal Reserve and European Central Bank indicate they will hold off from raising interest rates in the face of waning economic momentum.