FXPA Webinar on the Global Code Available Now
The full audio recording and accompanying presentation from FXPA’s May 31, 2017 webinar, “How Does the Global Code Apply to Me?” is now available, featuring Chip Lowry, Senior Managing Director at State Street Global Markets and Chair of FXPA; Lisa Shemie, Associate General Counsel at Bats Global Markets, a CBOE Company and Member of the FXPA Policy Committee; Tahreem Kampton, Senior Director, Microsoft and Board Member of FXPA; and David Puth, CEO of CLS, and Chair of the Market Participants Group for the Global Code:
A Perfect Storm: The Buy Side’s Liquidity Conundrum – Profit & Loss
David Newns, senior managing director at State Street and global head of Currenex, speaks with Nicola Tavendale about the confluence of factors that are creating a unique set of challenges for the buy side.
Have the Swiss National Bank’s Currency Interventions Actually Been Good for Switzerland? – Financial Times (Subscription)
The Swiss franc has appreciated more than 50 per cent against its trading partners in the past decade: You might think this would have affected the Swiss economy, perhaps by hurting exporters and domestic companies that compete with imports from abroad.
Pound Falls as London Terror Attacks Heighten Election Stakes – Bloomberg
The pound fell in Asia trading after a weekend terror attack in London killed seven people, days before the nation goes into a snap election.
Fresh Doubt Raised Over Fed Rate Rise – Financial Times (subscription)
A growing number of investors and analysts are questioning whether a widely-expected US interest rate increase at the Federal Reserve’s upcoming meeting is warranted in the face of subdued inflation and signs of weaker economic growth.
‘Emerging Markets’ Label Obsolete as Advanced Economies Become Politically Risky – South China Morning Post
Over the past year or so, the pendulum of political risk has swung even further in the direction of advanced economies
PBOC’s Chen Reaffirms Neutral Policy Amid Tightening Concerns – Bloomberg
China will pursue “neither loose nor tight” monetary policy to ensure basically stable liquidity, People’s Bank of China Deputy Governor Chen Yulu said.
Hedge Funds Turn Positive on Euro for First Time Since 2014 – Financial Times (subscription)
Expectations rise on hopes of optimistic economic outlook at ECB meeting.
Bitcoin Mania Infects Japanese Stock Market’s Smaller Listings – Bloomberg
The speculative frenzy in bitcoin is spilling over into the Tokyo Stock Exchange. Remixpoint Co., Infoteria Corp. and Fisco Ltd., have all seen volatile swings in their share prices after announcing businesses related to digital currencies.