The UK’s FICC Markets Standard Board (FMSB) has issued its 2017 Annual Report setting out the progress it has made to enhance standards of behaviour in the wholesale fixed income, currencies and commodities markets.
US currency finds some support as central bank signals intention to further raise rates.
- Dollar Extends Gains on Heightened Fed Rate Hike Expectations, Hits Two-Month High vs. Yen – Reuters
- US Dollar Jumps Higher on Fed Decision – Wall Street Journal (subscription)
The Fed has injected some juice into the dollar.
Slump ‘overdone’ as Fed hike seen, State Street Global says.
Sterling was steady, having pulled away the previous day from its highest level since last year’s Brexit vote result, after the US Federal Reserve signalled it would hike interest rates again this year, lifting the dollar across the board.
New European rules coming into force in January will enable the UK financial watchdog to better spot market abuse and manipulation, as it wrestles with an already burgeoning number of investigations, its head enforcer said.
European authorities reveal they have hit a stumbling block due to rules’ reach.
The US Commodity Futures Trading Commission (CFTC) chairman Christopher Giancarlo has appointed Matthew Kulkin to serve as director of the CFTC’s Division of Swap Dealer and Intermediary Oversight (DSIO).
Breach may have allowed trading that profited from nonpublic information, regulator says.
Regulator says it needs more time to consider market impact of CCLF proposal.
Comments like that will be welcomed by banks who want to see regulators motivated to change the rule, though it isn’t clear exactly what changes Ms. Yellen would accept as long as she is in charge.
A top Treasury Department official said on Monday the agency’s review of regulations on capital markets and derivatives will be released in October.
NEX Markets, a NEX Group business which provides electronic trading technology services in the fixed income and foreign exchange (FX) markets, announces that its EBS Institutional FX platform is uniquely positioned to help the asset management community address liquidity and execution requirements in advance of the MiFID II implementation.
CME Group has unveiled the launch of a new spot foreign exchange (FX) service called CME FX Link on its electronic trading platform, CME Globex.
Recruiters say Warwick Palmer is no longer the Swiss bank’s global head of G10 EM/FX spot, forwards and derivatives trading.
Managed futures traders gained 0.54% in August, according to the Barclay CTA Index compiled by BarclayHedge.
Traders say the industry will likely continue to thrive despite the ban in China.
Asian currencies fell with the Indian rupee skidding to its lowest in more than two months as the dollar jumped after a hawkish-sounding US Federal Reserve signalled it expects one more interest rake hike this year.
Emerging stocks and currencies fell after the US Federal Reserve confirmed it would reverse its stimulus programme from next month and stick to rate hike plans.
Sweden’s currency rose modestly against the common currency after the Riksbank said in its most recent monetary policy minutes that it “welcomed” progress on inflation.