Fed Keeps December Rate Hike in Play – Wall Street Journal (subscription) Officials remove explicit mention of concern at overseas tumult, delivering warning to markets.
Bank of Japan Seen Holding Fire as Output Rebound Offers Some Relief – ReutersBoJ is expected to hold monetary policy steady on Friday even while diluting its rosy inflation forecasts.
Brazil’s Real not Affected by Revelations of FX Probe – Reuters The Brazilian real was not affected by revelations from an investigation of an alleged currency cartel formed by some of the world’s largest banks in the South American country, central bank director Aldo Mendes said on Wednesday.
High-Speed Traders Slow to Break Into Interest-Rate Swaps Market – Bloomberg Some of the biggest computerized-trading firms are facing obstacles as they try to move into interest-rate swaps, a $381 trillion market that has yet to be dominated by automated buying and selling.
Non-Traditional Market Makers Divide SEFs – Markets Media Since swap execution facilities introduced agency access, it has opened the door open for hedge funds and other market participants to access interest rate swap and credit default swap markets, and has concerned other about what it will do to market quality.
Fintech Competition Heats up – Markets Media Peter Randall, former chief executive and founder of Chi-X, believes his experience at the pan-European equities trading venue will help SETL win the battle to become the blockchain platform used for institutional payments and settlements.