The US Financial Industry Review Authority has filed a notice with the Securities and Exchange Commission that will enable it to clamp down on what it considers “disruptive quoting and trading activity” much quicker than is currently possible.
China is stepping up measures to stem capital outflows after the yuan currency skidded to more than eight-year lows, sources said, taking aim at outbound investments that have soared to a record high.
A surging US dollar on the foreign exchange market has encountered one obstacle — in the form of pound sterling.
The pound tumbled, paring a rally that has sent it higher for three of the past four weeks.
Dollar pauses for breath as investors cash in profits, while euro remains stable ahead of Italian referendum.
While others rushed to bet on a weaker pound this summer, hedge fund Harmonic Capital Partners’ algorithms moved in the opposite direction and three months later gave the firm one of its best trading results of the year.
History suggests the initial reaction by investors after a US election isn’t always the right one.
UBS Group’s $2 trillion wealth-management arm says yen traders have got Donald Trump all wrong, and the currency will strengthen to 98 per dollar by this time next year.
The US National Futures Association has raised margin requirements on three currencies whilst cutting one.
Markets around Asia are trading cautiously as Wall Street and the US dollar weakened overnight and the price of oil has pulled back.
The amount that the area’s companies, banks and governments must repay on dollar-denominated bonds will rise eight percent next year to $19.7 billion, just as a slide in Asia’s currencies to the weakest this decade threatens to push up servicing costs on that debt.
Both parties prepare for £1.1bn deal to close at the end of the year.
Global gross domestic products around the globe will soon be measured in terms of bitcoin. At least, this is how Chandler Guo, the noted Chinese investor, sees it.
Global banking regulators are scrambling to reach a compromise on new capital standards, as political support wanes in Europe and the US for new curbs on the industry.
The European Union has proposed rules for dealing with failing clearing houses to try to stop the rapidly growing sector from becoming “too big to fail” and holding taxpayers to ransom in a crisis.
As Donald Trump vows to dismantle financial-overhaul law, corporate CFOs sort the costly provisions from the beneficial.
The International Swaps and Derivatives Association and IHS Markit have announced the launch of the ISDA 2016 Variation Margin Protocol on ISDA Amend.
Reporting obligations apply to all financial entities that trade shekel derivatives.
The Intercontinental Exchange has announced the appointment of Lee Yi Shyan as chairman of ICE Futures Singapore and ICE Clear Singapore effective November 24 2016.
A new London based FX and CFD provider, True Trade, founded by industry veterans Klaus Buhl, Ashraf Agha, and Paul Cassidy is set to launch in 2017 with its FCA license having been granted in late November 2016.
US-based technology firm ThinkLiquidity has launched a transaction scoring system featured in its new Web application QuantView.
Virtu Financial said that it was buying telecommunications assets from fellow high-speed trader Teza Technologies.
Most emerging Asian currencies weakened on views that the dollar’s weakness in the last few sessions won’t last long, but China’s yuan hit a one-week high as state-owned banks stepped in to buy the currency for a second day.
The Canadian dollar strengthened to a nearly one-week high against its US counterpart as oil rallied ahead of a meeting of major oil producers, while Bank of Canada Governor Stephen Poloz indicated a high bar to cut interest rates.
The pound to Australian dollar exchange rate has fallen to its lowest level in ten days as the Australian currency is supported by the recovery in global commodity prices.