The Foreign Exchange Professionals Association (FXPA) is pleased to announce the addition of Fifth Third Bank as the newest Associate level member of the FX trade group.
The UK Prime Minister has suffered a crushing defeat to her EU withdrawal agreement, increasing the likelihood that the country will have to delay its exit from the bloc or suffer a no-deal Brexit.
- How Markets Reacted to Theresa May’s Historic Brexit Defeat – Financial Times
- Economists React to May’s Brexit House of Commons Defeat – Financial Times
- Mark Carney Warns of Volatility After MPs Vote Down Brexit Deal – Financial Times
A new research report from JP Morgan Chase Institute highlights the impact of central bank communication choices on financial market volatility.
Companies considering how to invest in AI capabilities should first understand that over the coming five years applications and machines will become less artificial and more intelligent. They will rely less on bottom-up big data and more on top-down reasoning that more closely resembles the way humans approach problems and tasks.
Three former Barclays bankers cheated the global financial system to gain an unfair edge over counterparties in a five-year plot to rig Euribor interest rates, a London prosecutor alleged on Tuesday.
A new report from Tabb Group argues that with regulators becoming increasingly strict on OTC derivative trade reporting it is time for firms to consider a comprehensive review of the trade reporting process.
The FICC Markets Standards Board (FMSB) has published the final version of its Statement of Good Practice (SGP) on Suspicious Transaction and Order Reporting.
The UK’s attempt to provide a smoothing two-year grace period for European benchmark rates will not help Euribor, or its sibling Eonia, if they are not registered with the European Securities and Markets Authority (Esma) by the rapidly approaching Brexit date – a highly unlikely scenario.
Best Ex and TCA have been thrust into the spotlight in recent years. But both have rested very uncomfortably in fixed income trading. TABB Group examines the challenges of applying best ex and TCA to fixed income instruments and offers a possible new approach to optimizing FI trade execution.
UBS and Citi lead the pack in the post-MiFID race to win and retain research dollars.
The New York lawmaker, who has become a sensation among progressives, will almost certainly join the House Financial Services Committee after a group of fellow Democrats on the party’s steering committee voted to recommend her for the panel on Tuesday, according to people familiar with the matter.
Forks happen all the time. Two miners discover a block of the same height at the same time. You have an accidental micro-fork. Both chains are equally valid, but we can’t follow both and keep calling each of them “Bitcoin”.
The term “fork” has acquired a negative connotation in cryptocurrency circles lately. A November software upgrade of the Bitcoin Cash network wiped out nearly half its market value. Yet for Ether investors, a pending update should be good news.
Kayvon Pirestani, director of institutional sales in Apac will oversee Coinbase’s institutional business in the region, including custody.
BitMEX, the bitcoin futures exchange, has been shutting down client trading accounts in the US and the Canadian province of Quebec, as global regulators intensify their crack down on unlicensed cryptocurrency trading platforms.
IHS Markit boss praised new partnerships across liquidity analytics, collateral management and initial margin calculations
Trading stocks and bonds on behalf of clients has historically been a cash-cow, especially in choppy markets. But as the top U.S. banks report results from the last quarter of 2018, it’s becoming clear that trading wasn’t a boost to banks’ bottom lines.
- Big Banks Flash Warning Light – The Wall Street Journal (subscription)
- JPMorgan Profit Rises 67% Despite Cost Increases, Trading Decline – The Wall Street Journal (subscription)
BNP Paribas is shuttering its US commodities derivatives desk, the second trading unit to be wound down within days as France’s largest bank seeks to protect profitability.
Clearing houses are designed to manage the derivatives market’s systemic counterparty risks, by centralising them, collecting margin and applying rules for the orderly sharing of losses. In theory, when a default hits, the pain is kept within the thick walls of the central counterparty, rather than spilling out into the wider markets.
The pound held at a two-month high against the euro on Wednesday as markets looked towards a no-confidence motion against Prime Minister Theresa May’s government, a day after British lawmakers overwhelmingly defeated her Brexit divorce deal.
The euro slipped against the dollar and the pound on Wednesday as worries about the outlook of the euro zone economy weighed on the single currency while sterling edged higher before a no-confidence vote on Prime Minister Theresa May’s government.
If gold is anything to go by, investors are increasingly anxious about the state of the world.
For most of last year an angry US bond market took the sword to emerging market assets. But now, enamoured of the Federal Reserve’s newly confessed flexibility, the hope of trade rapprochement and easing from China, many investors are wondering if, similar to 2016, policymakers have underwritten them again.