The US and EU have taken a big step towards harmonising the global rules for derivatives trading, by reaching a long-sought agreement to accept the validity of each other’s regulations in the multibillion dollar market.
The euro slipped after posting its biggest weekly rise in a month as traders took profits, though markets were wary of chasing the currency lower before an European Central Bank policy meeting next week.
The dollar was edging up in Asia Pacific trading after having mostly recovered from a sudden dip on Friday precipitated by data showing a rise in September of just 0.1 per cent in US core consumer prices.
- Dollar Erases Daily Drop on Pre-Weekend Position Trimming – Bloomberg
- Dollar Falls Amid Mixed Consumer Data – Wall Street Journal (subscription)
The pound edged up as investors bet that economic data this week would put the Bank of England on track for a rate rise by the end of the year and – at least for the time being – overshadow Brexit.
Council paper being debated today sets terms for swaps clearing landgrab.
Major clearinghouses for derivatives can withstand substantial stress to the financial system and avoid a liquidity crunch in a crisis, the Commodity Futures Trading Commission said in a report that marks the second time it has “stress-tested” the entities and found they passed.
Goldman Sachs Group and JPMorgan Chase are bracing for a “hard Brexit” as they seek to protect their access to the European Union once Britain leaves the bloc in 2019, according to top executives.
In the FX industry, we are simply not taking enough care over our communications.
Wall Street power duo hit out at virtual currency as being only valuable to criminals.
This week represents your last chance to tell us what you think about a variety of data-related topics from TCA to data mining, as our quarterly survey closes on Thursday.
Proposed reforms to Paris-based Esma will upend regulatory landscape.
Widespread uncertainty over complex new regulations linger ahead of January 3 deadline.
Federal Reserve vice chairman calls Yellen ‘safe pair of hands’.
- Trump Needs to Make Another Key Appointment as Janet Yellen’s Right Hand Man Steps Down – Business Insider
The Commodity Futures Trading Commission needs to take a fundamentally different approach to regulating automated trading than the course pursued under the Obama administration, Republican Commissioner Brian Quintenz said in an interview.
Dozens of high-speed traders and others from Wall Street are helping the Pentagon study how hackers could unleash chaos in the US financial system.
Online derivatives trading companies are taking advantage of the growth of cryptocurrency markets by allowing retail customers to bet on wildly fluctuating prices, prompting warnings from regulators.
Just weeks after announcing it was allocated additional funding to its post-trade business, NEX Optimisation, NEX Group (Nex) has announced that its CEO, Jenny Knott, has decided to step down from the role.
Swift has published an interim report on the proof of concept (PoC) for real-time Nostro reconciliation using a Swift-developed distributed ledger technology (DLT) sandbox with 33 global transaction banks, as part of its gpi (global payments innovation) service.
EC approval would mark a major acceleration in process of allowing trading on non-EU venues.
Most Asian currencies ticked up against the dollar, which softened after disappointing US inflation data on Friday undercut the greenback.
Currency traders see the Mexican peso as a clear loser as negotiations over the North American Free Trade Agreement drag on, with the US proposing a clause that could spell the end of the accord.
Bitcoin set a fresh record above $5,200 as investors bet on China easing trading restrictions and reacted to a prominent hedge fund manager predicting the price of the virtual currency could rise to $10,000 within a year.