EU States Agree Position for Final Deal to Regulate Market Benchmarks –Reuters
EU states agreed a common position on Friday to regulate market benchmarks, opening the door to negotiations on a final agreement with lawmakers on new rules to avoid more damaging market rigging scandals.
US is Seeking Billions From Global Banks in Currency Manipulation Settlement – Bloomberg
The US Justice Department is seeking about $1 billion each from global banks being investigated for manipulation of currency markets, according to two people familiar with the talks.
Lessons From This Year’s FIA Boca – Profit & Loss (subscription)
Profit & Loss delivers its top five takeaways from this year’s FIA Boca conference. Yes, it’s nearly all regulatory…
Friendless Euro Sinks to Fresh Depths, Dollar Firms – Reuters
The euro sank to a fresh 12-year low early on Monday after a recent bounce was met with fresh selling interest in a sign that investors were still very bearish on the common currency.
As UK Election Nears, Investors Brace for Sterling Volatility – Wall Street Journal (subscription)
Investors have increased their bets that the UK’s general election in May will lead to a bumpy ride for the country’s currency.
No, We’re Not in a Currency War – BloombergView
Anyone paying attention to the financial media could easily get the impression that the world is hell-bent on stealing the US economic recovery. Central banks from Frankfurt to Beijing, the story goes, are pushing down their currencies’ exchange rates against the dollar – and against one another – in a craven effort to make their exports cheaper.
Are FCMs Set for a Comeback? – Profit & Loss (free story)
After years of consolidation and profits being squeezed, could changing market conditions provide a boost for the FCM industry?
Strong Dollar Prompts Rise in Currency Hedging – Financial News(subscription)
Whether they can be called smart beta or not, currency-hedged exchange-traded funds are attracting the attention of investors and have doubled in number against a backdrop of a fluctuating US dollar in the past year.
FXCM, Gain See Turnover Drop – Profit & Loss (free story)
FXCM and Gain Capital have mirrored results from other institutional trading platforms last week by reporting a month-on-month drop in activity in February.
Icap and CME Team-Up for Data Analytics Tools – Profit & Loss (free story)
Icap and CME Group have partnered with Beast Apps Group to produce a new data analytics tool which compares OTC and exchange traded products.