A decade after the financial crisis, firms that had spent years pursuing the US heavyweights are cutting jobs and allocating less capital to the business of trading securities. They’re all but throwing in the towel on a key piece of investment banking after yet another year in which their trading divisions failed to keep up with their American rivals.
Foreign exchange market participants are seeking efficient methods of alerting traders if an ongoing transaction isn’t going as planned using real-time, or ‘in-flight’, transaction cost analysis.
Institutional investors have been urged to gain a better understanding of the underlying liquidity in foreign exchange algorithms by major market makers and sell-side institutions.
It takes a certain kind of person to get, and remain, in the senior ranks. These are the habits you’ll need to succeed in the industry over the long term, according to current and former senior investment bankers.
EU regulators should drop ambitions for greater direct supervision of London clearing houses after Brexit, to avoid imposing potentially “conflicting requirements” on institutions that play a key role in global markets, according to a top official at the Bank of England.
Global regulators are debating options to improve the design of clearing house default auctions, amid calls from banks and other market participants for a tightening of default management procedures at central counterparties in the wake of the €107 million loss suffered by members of Nasdaq Clearing.
On Thursday the NYSE took the extraordinary step of suing the SEC in federal court to protect the interests of public companies and those who invest in them. An ill-advised price-control program would reduce transparency and increase volatility.
The ‘to do’ list for buy-side firms impacted by UMR’s Initial Margin requirement is quite long. The drive should begin with fundamental questions about automation.
Europe’s vast market transparency rules are now more than a year old, but some of the teething troubles have not gone away. Transparency relies on data that was supposed to be provided for free, but some of that data is still inaccessible.
The newest cryptocurrency on the block has been used in just one trial transaction and it’s already being hailed as a game changer for digital assets.
- JP Morgan is Rolling Out the First US Bank-Backed Cryptocurrency to Transform Payments Business – CNBC
The SEC’s approach to crypto regulation splits opinion among experts at DTCC and Panxora.
Binance, the world’s largest cryptocurrency exchange by trading volume, is still profitable despite last year’s market meltdown, its chief financial officer said.
FastMatch and Dmitri Galinov, the founder and former CEO of the company, have resolved the lawsuit filed by Galinov against FastMatch and its parent company, Euronext US. Under the terms of the settlement, neither party admits any liability or wrongdoing.
Deutsche Borse anticipates growth in its foreign exchange derivatives amid a shift from OTC to exchange.
CME Group’s fourth-quarter profit trounced Wall Street estimates on Thursday, as a broad market sell-off toward the end of the quarter prompted investors to rebalance their portfolios and boosted trading volumes.
ICE has established a new fixed income trading business which combines its three platforms TMC Bonds, BondPoint and ICE Credit Trade.
Digital Asset looks to steam ahead after Blythe Masters, the former CEO and a long-time face of blockchain innovation, stepped down at the end of last year.
HSBC has reduced the cost of settling foreign exchange trades by a quarter through its blockchain-based system, an executive overseeing the project says, offering a glimpse of the savings the technology could offer banks.
Hedge funds are ratcheting up wagers on the Australian dollar – in both directions – after it became the most-volatile Group-of-10 currencies in the past month.
The pound edged higher on Friday as strong British retail sales data lifted sentiment, though investors were considering the consequences of a Brexit vote defeat in parliament for Prime Minister Theresa May.
The dollar recovered on Friday after dismal US retail sales and major currencies remained range-bound as the market awaited developments in trade talks between Washington and Beijing.