FXPA’s letter is focused on the need for the CFTC to exempt NDFs and exchange-traded or cleared swaps from de minimis threshold calculations as part of any SEF reform.
If you thought the equity market looked calm at the moment, it can’t hold a candle to foreign exchange, where levels of volatility are hovering around their lowest levels since 2014.
Will improved performance from hedge funds in early 2019 help shift the perspectives of prospective allocators to these funds?
If you want to keep your job in an investment bank over the next nine months, you might want to take defensive action. 2019 has not started well, and according to a new report on the banking industry by Morgan Stanley and Oliver Wyman, it will not end well either.
There is a trillion-dollar catch that sits completely outside the British parliament’s control: the US. The CFTC has told Europe that it will not accept Esma controlling London’s swaps business insofar as it impinges on dollar markets and US banks. This is partly about national pride. But there is an ideological battle, too.
The European Union is likely to tell Theresa May that she must decide by mid-April whether to extend Brexit until 2020 or risk leaving in three months without a deal, a senior EU official said.
Negotiators for the US and China have scheduled a new round of high-level trade talks in Beijing and Washington, aiming to close a deal by late April to end the year-long dispute between the world’s two largest economies.
The transition from Libor introduces unprecedented choice into fixed income markets, as it will create multiple alternatives, each with its own distinct features and applications. But practitioners need to become familiar with which of the alternative new benchmarks best conform to their needs.
Most of the trading volume on the world’s largest cryptocurrency exchanges is questionable, according to a report from a startup that revisits one of the recurring concerns in the decade-old digital asset market.
Digital Asset, the New York-based blockchain company, has found a new chief executive officer to replace Wall Street veteran Blythe Masters, who stepped down from the position at the end of 2018, the company announced Tuesday.
Seed CX, which through its subsidiaries offers a licensed exchange for the institutional trading and settlement of spot digital asset products, is now offering trading in bitcoin cash and litecoin.
Bitcoin’s dominance rate, or its share of the total cryptocurrency market, is on the verge of falling below 50 percent for the first time in over seven months.
Danny Wise has left Citi in London where he was a managing director and head of European G10 spot FX trading.
Karen Fang, the head of sales and structuring for FICC in the Americas and head of cross-asset strategies and solutions, is leaving her post for a role in trading, according to an internal memo. She will report to Jim DeMare and Bernie Mensah, global co-heads of FICC trading.
A handful of startup trading platforms is trying to reshape the $15 trillion US Treasurys market. Although Treasurys are the world’s largest securities market, most investors looking to trade must request individual price quotes from dealers, which are typically big banks or investment houses.
Oliver Hemsley, the retired founder of Numis Securities, has pulled out of a deal to take over Nex Exchange, which sought to revitalise the UK market for fledgling shares.
SmartStream Technologies has partnered with Cassini Systems, a provider of pre- and post-trade margin analytics for buy-side derivatives trading, to help financial institutions comply with BCBS-IOSCO margin requirements for uncleared OTC derivatives.
Sterling fell by a third of a percent on Wednesday as investors remained wary about the prospects of the British currency as Prime Minister Theresa May requests a short delay to Brexit after her failure to get a divorce deal ratified.
The dollar rose on Wednesday, attracting safe-haven bids after reports of further tension in US-China trade negotiations, but its gains were slight, with caution expected from the Federal Reserve at its policy meeting later in the day.
The Australian dollar edged lower in a choppy Asia morning session for foreign exchange markets following reports of new tensions in the US-China trade negotiations.