The Foreign Exchange Professionals Association (FXPA) is pleased to announce the addition of Jump Trading as the newest Governing Council Member of the FX trade group.
US prosecutors are considering a criminal charge against a unit of HSBC Holdings related to conduct on its foreign-exchange desk, according to two people familiar with the matter, imperiling an earlier deal that let the bank avoid prosecution.
More evidence that last month really was abnormally quiet in markets comes today from currencies trading system EBS, which has just revealed that it handled a daily average of just $68.4bn in flows last month.
Global regulators are “hearing but not listening” to the currency market’s calls about how to put a stop to foreign exchange manipulation, according to the CEO of a currency trading platform.
FICC revenues fell 11% in the first half of 2016 and 33% compared with five years ago.
BIS Stats: The Steady Decline of Foreign Exchange – Euromoney
The FX business is officially shrinking for the first time since 2001, as the world’s largest financial market battles an industry slowdown and a regulatory crackdown.
Amid all the buzz about China’s hosting the G-20 summit in Hangzhou – all the accords, arguments and alleged snubs – another symbolically significant event was largely obscured.
Positioning for a jump in the Czech crown’s value against the euro will be the trade of 2017, Dutch bank ING told clients on Tuesday, predicting the country would scrap its three-year-old currency peg early next year.
One development that has captured the attention of traders and strategists is the Swedish krona’s new role as a funding currency for so-called carry trades.
The Swiss National Bank is still amassing foreign currency reserves at quite a clip, despite having dropped its official upper limit for the franc back in 2015.
It could be a while before the Bank of Canada raises interest rates, but that has not stopped the CurrencyShares Canadian Dollar Trust from being a solid performer among developed markets currency exchange traded funds this year.
The outlook for Latin America, Asia and Europe for fund investors with, or considering, international exposure.
The Bank of Japan should wait until after the US Federal Reserve decides on interest rates before acting itself, said Koichi Hamada, an economic adviser to Prime Minister Shinzo Abe.
Financial crises are becoming more frequent as markets and the rules that govern them grow ever more complex.
Clients face tougher reporting rules if dealers don’t become systematic internalisers.
Demand is surging for experts who can understand and explain Mifid II.
Former Secretary of Labor Robert Reich claims financial transaction taxes are simply sales taxes on Wall Street traders and won’t harm markets or cause capital to flee.
Denmark-based multi-asset broker Saxo Bank has reported that August volumes came in at $221 billion, or $9.6 billion per trading day during the month.
BM&FBovespa is the latest financial services firm to join the R3 partnership that aims to design and apply distributed and shared ledger-inspired technologies to global financial markets.
LMAX Exchange, a multilateral trade facility that provides foreign exchange trading to retail and institutional clients, has launched a new global infrastructure expansion, linking up with Equinix’s NY4 Matching Engine.
CME Group announces CME authorization to provide OTC clearing and settlement services and designation as a central counterparty by Hong Kong’s securities and futures commission.
A gauge of the dollar dropped by the most in five weeks after a report showed America’s service industries expanded in August at the weakest pace in six years, damping the outlook for higher US interest rates.
The pound’s resilience following buoyant post-Brexit economic data is encouraging some sterling pessimists to rethink their short-term strategies.
The rand strengthened the most in three months, leading global currency gains after data showed South Africa’s economy expanded more than forecast in the second quarter while the trade balance swung to a surplus for the first time in more than a year.
India’s rupee jumped to the highest level since early May and stocks rallied as local markets opened after a public holiday.