The latest round of FX turnover data from a group of the world’s FX Committees show that volumes dipped in October 2018 compared to April last year when they hit a new high mark.
The UK’s two financial regulators are negotiating agreements with European authorities so that they can continue to share information in the event of a no-deal Brexit.
A chat room called “Old Gits” was used by traders to coordinate trading, share confidential information and otherwise affect FX prices.
- DFS Fines Standard Chartered Bank $40 Million for Attempting to Rig Foreign Exchange Transactions – New York Department of Financial Services
Barclays has appointed Pritpal Gill as head of G10 foreign exchange and foreign exchange options trading for Asia Pacific. Based in Singapore, Mr. Gill will be responsible for developing and driving the G10 FX trading strategy in the region.
Results to our recent survey on life satisfaction in the finance industry suggest that embracing a move out of London and into Paris, Frankfurt or Madrid is exactly what people in London should do.
The UK’s financial regulator has scrutinised 250,000 transactions in a desperate attempt to trace money that went missing with the collapse of Premier FX.
CFTC Commissioner Dan Berkovitz says the SEF proposal will create an exclusive market for swaps dealers.
- Remarks of Commissioner Dan M. Berkovitz at the Commodity Markets Council State of the Industry 2019: Competition, Concentration, and Cartels in the Swaps Market – CFTC
Jerome Powell has taken a conversational tone, but his communications haven’t always been understood.
Wall Street’s chief securities regulator is racing to address a backlog of submissions ahead of a February deadline that could once again partially close the agency’s doors.
The Danish Financial Supervisory Authority said it was considering adopting tough new rules, and is looking at rules introduced in the UK as an example to follow. Under the so-called senior managers regime, the UK regulator has given itself powers to impose fines or bans on the top brass of its main lenders for failings that happen on their watch.
Central banks face an inherent challenge in a world where nuance is out of fashion and policy conversations happen in 280 characters or less.
The vendor will be responsible for publishing the compound setting in arrears rate and the spread adjustment based on historical data, following the discontinuation of IBORs.
According to Integrity Research’s latest annual forecast, research sales are expected to fall 5.5% in 2019 following the more significant decline seen in the prior year as asset managers continue to right size their investment research budgets in response to the research unbundling requirements mandated by MiFID II.
It may take a few years for blockchain’s impact to be felt meaningfully, but it will provide some advancements in certain areas even as cryptocurrencies falter, according to JP Morgan Chase.
Fidelity Investments is targeting a March launch date for its Bitcoin custody service, according to three people with knowledge of the matter, as the mutual-fund giant moves forward with a plan that could help ease fears of trading cryptocurrencies.
Memories die hard in the cryptocurrency market, where a digital token known as Tron has almost doubled in value over the past month.
IHS Markit is partnering with Cobalt through its MarkitSERV business to deliver and sell post-trade processing services for FX, and is also making a strategic investment in the firm.
Societe Generale is planning jobs cuts at its investment bank to drive down costs after a trading slump in the fourth quarter, according to people with knowledge of the matter.
- Fear Strikes the City as Banks Deny Redundancies Are Coming (But Make Them Anyway) – eFinancialCareers
TriOptima sees 40% uptick in compression of FX forwards alongside growth in rates.
The London Stock Exchange Group has snapped up a 4.9 per cent stake in Belgian-based settlement house Euroclear, looking to increase its influence in one of the key utilities of global market plumbing.
The voice-broking firm mounts an unusual public attack, saying the rating agency did not make clear its rating was ‘unsolicited’.
European regulations calling for price transparency in metals markets pose a problem for LME’s phone-trading.
Venture capital-backed financial technology companies raised a record $39.57 billion from investors globally in 2018, up 120 percent from the previous year, according to research by data provider CB Insights published on Tuesday.
Sterling rose on Wednesday after declines triggered by the UK parliament’s rejection of amendments to delay Brexit, as investors bet the government would still avoid exiting the European Union without an agreed trade deal in place.
The Australian dollar surged on Wednesday as inflation topped forecasts, while the Chinese yuan reached a six-month high in the offshore market before trade talks between the United States and China this week.
Much of the sentiment around the recent path of the US dollar has been justifiably bullish. Sweeping corporate tax cuts, the US Federal Reserve’s diverging monetary policy against the rest of the developed world and positive economic fundamentals helped power its rise in 2018.
To mark the ascension of Japan’s new emperor, the government has declared an unprecedented 10-day holiday from late April to early May, worrying investors, who say a market shutdown could cause disruption and unsettle the yen.