FXPA Events Discuss Ethics, Liquidity Conditions

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FXPA Events Discuss Ethics, Liquidity Conditions – FXPA The Foreign Exchange Professionals Association (FXPA) held member events in New York and Singapore in recent months that brought together industry professionals and regulators for in-depth discussions around the topics of conduct and liquidity.

Brexit Spells Higher Costs and Less Influence for Fund Managers – E Financial News A British exit from the European Union would disrupt UK asset managers more than their investment banking counterparts, with questions over their ability to distribute and manage funds, as well as the location of their future headquarters.

Bank of Canada Head Says Doesn’t Fear Fallout from China FX Move – Reuters Bank of Canada Governor Stephen Poloz said on Thursday he was not worried about the fallout from China’s move to let the yuan weaken more quickly, a decision that has fueled fears of a regional currency war.

Bonuses Get Squeezed on Wall Street – E Financial News On Wall Street this year, the biggest rainmakers may feel like they have been left high and dry.

What Lies in Store for FX in 2016 – Euromoney This year will be driven by persistent volatility, a dollar rally, dealer intermediation and compliance fears.

 

 

Regulatory News

China Suspends Circuit Breaker – The Trade China’s Securities and Regulatory Commission (CSRC) has announced it has suspended its recently introduced circuit-breaker system.

Lawmakers to Grill UK Watchdog over Scrapping of Banking Culture Review – Reuters The heads of Britain’s Financial Conduct Authority will be asked later this month by a panel of lawmakers to explain their “curious decision” to ditch a review into banking culture.

 

 

Company News

Deutsche Boerse Aligns Derivatives Businesses Under New Leadership – The Trade Clearstream chief executive and president Jeffrey Tessler will head up the combined derivatives units of Deutsche Boerse in a new setup for 2016.

Malin Joins FastMatch – Profit & Loss Robert Malin will join FastMatch on March 15 as director of sales – Europe.

Jefferies Sees `Substantial’ Liquidity Void Growing in Markets – Bloomberg Regulatory pressure on big banks to reduce risk has left markets more vulnerable to price swings fueled by emotions and the movements of small investors, according to Jefferies Group.

 

 

Market Savvy  

Global Stocks Regain Footing – Wall Street Journal (subscription) Chinese stocks closed up 2% after the government suspended its trading-halt mechanism overnight and European shares edged higher as markets stabilized.

Too Big to Value: Why Saudi Aramco is in a League of its Own – Bloomberg Nothing in the world that compares to state-owned oil giant. Based on reserves, company’s worth could be $2.5 trillion.

Norwegian Krone to Sit Out Currency War as Oil Fixes Plunge – Bloomberg Norway’s central bank can probably sit out the global currency war that is now at its doorstep.

China’s Forex Reserves Fall by Record $107.9 Billion on Yuan Fears – Wall Street Journal (subscription) Foreign-exchange reserves drop to a nearly three-year low, contributing to the largest yearly decline ever.

 

 

Press Releases

Platforms Report Lower YoY Dec Volumes – Profit & Loss Some of the first platforms and exchanges to release trading volumes for December are showing declines against year-ago levels, and mixed results over November levels.

 

 

Industry Events