Europe’s common currency has hit its strongest level against sterling in eight years, reflecting the diverging economic outlook for the eurozone and the UK and its implications for their respective central banks’ policymaking.
European Central Bank policy maker Ardo Hansson said he isn’t currently concerned about the strength of the euro as officials prepare to discuss how to wind down their bond-purchase program.
Sterling fell to a new two-month low against the dollar as the lack of any major economic data encouraged investors to add bets against the British currency.
The dollar steadied after another politically-driven slide against the euro and yen, helped by nerves over what message Federal Reserve policymakers will send during meetings in Jackson Hole starting later in the day.
Central banks gathering in Jackson Hole may spur sleepy August markets into life.
Twelve months ago, capital was still haemorrhaging out of China, draining the foreign currency reserves and dragging the renminbi down.
This week’s gathering of central bankers in Jackson Hole presents policy makers a chance to talk down their currencies after months of gains versus the dollar. They can’t all win.
Jehan Chu says he’s got an early-mover advantage that will help his cryptocurrency fund stand out from the crowd.
With cryptocurrencies like bitcoin quadrupling in value this year alone, high frequency players are finding their way to the new Wild West of trading that some believe is in bubble territory.
And the question is: why is there such a divide in the industry over how much longer it takes to accept or reject a trade?
The deregulation winds blowing through Washington could add $27 billion of gross profit at the six largest US banks, lifting their annual pretax income by about 20 percent.
While some have fallen down the global league table, many are larger today.
The number of senior managers in financial services firms who could be held personally responsible for misconduct has increased to 72,000, according to new research from law firm Cleveland & Co.
Europe’s MiFID II rules haven’t even kicked in, yet policy makers are already busy trying to make sure their oversight of financial markets is up to date.
The Trump administration has no grounds for blocking the “fiduciary rule,” an Obama-era regulation that requires financial advisers to put their clients’ interests first when giving advice or selling investments for retirement accounts.
Frankfurt has the banks, and Paris has the culture, but for trading firms looking for a post-Brexit European home, Amsterdam may have the best attraction of all: a friendly regulator.
Paul Alves has left his role as senior managing director at State Street and global head of the FX Connect and FX Connect Trade Services product suite.
Scott Mirsky has left his position as director, e-FX sales at Edgewater Markets, according to market sources.
Alex Mackinnon has left AxiTrader in Sydney where he was general manager, ending a four year spell at the firm.
Quant CTA Taaffeite Capital Management has announced the appointment of Ronald Raymond as COO.
Aggregation of trades via single-ticket execution is not new to non-bank commercial electronic communication networks, often referred to as ECNs.
LucidExchange has a proprietary matching algorithm, that allows individuals to directly trade (peer-to-peer) option smart contracts without the costs and delays associated with trading securities through traditional brokerages.
Investors positioned themselves for further gains in Asian currencies against the dollar on expectations the US currency will soften further in the coming months, a Reuters Poll showed.
The South Korean won and the Philippine peso led Asian gains against the dollar, but traders were cautious ahead of a gathering of global central bankers in Jackson Hole, Wyoming.
South Africa’s rand weakened in early trade as emerging markets gave back recent gains after US President Donald Trump cast doubt on the future of the North American Free Trade Agreement.