European and British markets regulators clashed on how best to supervise financial markets after Brexit, throwing cold water on UK calls that a bespoke arrangement be designed once the UK leaves the European Union.
Sterling fell broadly on Wednesday and was on track for its biggest ever losing streak against the euro as Prime Minister Theresa May’s last-ditch Brexit plan failed to win over either opposition lawmakers or many in her own party.
Turkey is paying the price for its pre-election efforts to tinker with the markets. As a controversial vote rerun looms, a barrage of interventionist policies by President Recep Tayyip Erdogan’s government has backfired, starving the economy of investment, fueling demand for foreign currency among households and businesses and further undermining the lira.
The number of people working across the global capital markets will fall by almost a fifth in the coming decade as a wave of artificial intelligence and automation hits the industry, according to estimates from consultancy Opimas.
The Securities and Exchange Commission dealt a fresh blow to stock exchanges’ lucrative business of selling data and high-speed connections. New guidelines from the regulator, released on Tuesday, will make it tougher for exchanges to boost fees for such services by requiring them to include detailed disclosures each time they seek to adjust a fee.
Leaving the European Union could help Britain ward off emerging threats to the financial system, according to the top U.K. bank regulator at the Bank of England.
The introduction of MiFID II to Europe’s equities markets has made sourcing liquidity a harder task for the buy-side, according to a new report from Greenwich Associates.
A wipeout of the trading book has so far been avoided, but banks fear certain niche parts of the business could fall victim to the still-at-large suspect: the Fundamental Review of the Trading Book.
Crypto assets do not have any serious implications for either monetary policy or the real economy, and they do not fulfil the functions of money, researchers from the European Central Bank have said.
Bitcoin held most of Monday’s 13% surge as traders took in stride another delay by US regulators to approve a Bitcoin exchange-traded fund.
Trading Technologies is now offering connectivity to CoinFLEX, a cryptocurrency exchange for physically delivered futures, for traders outside the US.
John Arabadjis, head of markets macro strategy product and analytics at BNY Mellon, talks about the challenges associated with mining different data sources to produce new insights for investors.
International payments consortium Swift has launched a trial to link its ‘global payment initiative’ to the European Central Bank’s Target Instant Payment Settlement (Tips) system.
LCH’s RepoClear is to use UnaVista as its trade repository for reporting obligations under the Securities Financing Transaction Regulation
Argentex, which provides FX services to corporate and private clients across EMEA, reported revenue and profit growth over the last 12 months.
The Japanese yen and the Swiss franc firmed on Wednesday as risk appetite remained weak in the backdrop of festering trade tensions between the United States and China.
Short Australia’s risk-sensitive currency against the haven yen. That is emerging as one popular currency trade as investors look to profit from the US-China trade war.
South Korean officials are concerned that large-scale foreign exchange deals are creating distortions in trading of the country’s currency, as concern mounts over the won’s steep fall this year.