Top Headlines

FXPA Welcomes FXSpotStream as New Member – FXPA The Foreign Exchange Professionals Association (FXPA) is pleased to announce the addition of FXSpotStream as the latest member of the FX trade group. FXSpotStream joins FXPA as an Associate Member.

UK to Close Loophole in Bank Bonus Clawbacks – E Financial News Bank traders and executives won’t be able to leave their past behind them under new proposals to let banks recoup ill-gotten bonuses from former staff.

Ex-Barclays, Citi FX Traders Sue for Unfair Dismissal in London – Reuters Two former foreign exchange traders will this month sue their former employers Barclays and Citigroup for unfair dismissal at a London court.

Six Ex-Barclays, Deutsche Bank Traders to Stand Trial in 2017 – Bloomberg Six defendants accused of conspiring to manipulate a key interest-rate benchmark while working at Deutsche Bank AG and Barclays Plc will stand trial in September 2017 in a London court.



Regulatory News

Buy-side Blames Policymakers for Chinese Volatility – The Trade Buy-siders have wagged their fingers at Chinese regulators for creating widespread volatility to equity and currency markets since the beginning of the year.

Cartel Fines in US and China Rise to Record Levels – Financial Times Antitrust fines in the US and China surged last year to record levels, but could not buoy the rest of world, which saw global cartel penalties drop.



Company News

Morgan Stanley Analysts Put Hard Hats on For Latest Forecast – E Financial News Morgan Stanley’s European financials research team, led by Huw van Steenis, is braced for a year in which equities trading will gain further ground on fixed Income, currencies and commodities and the investment banking industry will be dominated by shareholders’ willingness to show patience around banks’ restructuring efforts.

Goldman Plans to Cut Up to 10% of Fixed-Income Traders, Salespeople – Wall Street Journal (subscription) Cuts in debt, currencies and commodities could affect up to 250 people.



Market Savvy  

2016 – A Goldilocks Year? – Profit & Loss A Goldilocks Year, not too hot, not too cold is our central scenario for 2016, and it would look something like this.

China, Oil Show Peril of Faulty Assumptions – Wall Street Journal (subscription) When investors, policy makers and businesses see only upside, the downside can be a rude awakening.

Is Another Swiss Franc Shock Around the Corner? – GAM – Profit & Loss A year ago investors were caught on the wrong-foot when the Swiss National Bank (SNB) unexpectedly lifted the cap on its currency, prompting one of the biggest moves in the foreign exchange markets seen for decades.

Stocks Resume Slide on Oil Concerns – Wall Street Journal (subscription) Stoxx Europe 600 drops 2.8% after sharp decline on Wall Street.

Hong Kong Dollar Drops Most Since ’03 as Bets Mount on Peg’s End – Bloomberg The Hong Kong dollar sank by the most in more than a decade and speculation mounted in the options market that the city’s 32-year-old currency peg will end as investors lose confidence in Chinese assets.



Press Releases

FXCM Volumes Fall in December – Profit & Loss FXCM has reported average institutional trading volume was $1.6 billion per day in December 2015, 20% lower than the $2 billion in November 2015 and 54% lower than the $3.5 billion in December 2014.



Industry Events