The Global Foreign Exchange Committee (GFXC) at its meeting in Sydney this week established five areas of focus for its work to maintain the FX Global Code, with algo execution and transaction cost analysis (TCA) being added to the existing workstreams around buy side outreach, disclosures, anonymous trading and execution principles.
The House Intelligence Committee concluded that President Trump tried to “use the powers of his office to solicit foreign interference on his behalf in the 2020 election.”
US Commerce Secretary Wilbur Ross on Tuesday rejected any deadlines on a trade deal with China and launched a fresh attack on telecoms giant Huawei, further dimming hopes for an end to a 17-month trade war that has slowed global growth.
- Trump Says China Trade Deal May Have to Wait Amid Sticking Points in Talks – Reuters
- The Trade War is Just the Start: Distrust of China is Bipartisan in US and EU Tariffs Loom – South China Morning Post
China’s top diplomat, Yang Jiechi, said that Beijing and Washington must increase strategic communication and work together based on the consensus reached by the two countries’ heads of state, China’s official Xinhua News Agency reported.
The electorate is more volatile than ever as voters abandon party affiliations after Brexit vote.
France and the European Union said they were ready to retaliate if US President Donald Trump acted on a threat to impose duties of up to 100% on imports of champagne, handbags and other French products worth $2.4 billion.
Isabel Schnabel says she probably would not have supported bank restarting asset purchases.
The euro is being transformed into the currency of global borrowing, explaining its struggle to rally this year and suggesting it may slowly replace the dollar, according to Deutsche Bank.
The US Federal Reserve has announced it is terminating its 2015 enforcement action against Bank of America for unsound practices in its FX business that led to the bank paying a $205 million fine.
The IMF is rethinking the once rigidly “neoliberal” advice – stressing open markets and free-floating currencies – that it doles out to economies great and small.
Regulators encourage structural alignment between the two rules, but hurdles remain.
US regulator has established sub-committees to target risks linked to central counterparties and market structure.
State Street, the global custodian bank, has taken a new direction with its blockchain strategy and cut scores of developer jobs in the process, people familiar with the situation said.
With Dappreview, Binance has now acquired four companies in the crypto space.
The cryptocurrency exchange set up by Cameron and Tyler Winklevoss has hired the co-founder of UK digital bank Starling to kick-start a European expansion, even as the fever over digital currencies cools.
On-chain metrics can offer valuable insights into Bitcoin market movements and the latest data is showing that unrealised losses are mounting up.
As a young industry, the cryptocurrency space has been like a revolving door, seeing numerous companies, projects and assets come and go with the wind.
Nordea Bank has won a court battle over its bid to bar employees from buying and selling cryptocurrencies outside of work.
Profit & Loss takes a deep-dive look at how Goldman Sachs is adding self-learning elements to its FX algos, and where this technology fits into the shifting analytics landscape across FICC markets.
Citi has appointed electronic trading platform provider Rapid Addition as one of its core FIX platform partners for currency trading and integrated the Rapid Addition Fix engine, as well as the Rapid Addition Hub platform, into its new pricing technology for spot FX, which clients can connect to in co-locations across London, Tokyo, New York, and Singapore. The Fix engine delivers low latency trading, while the Hub platform delivers scalability in client on-boarding and configuration.
Fidelity Investments has named Bart Grenier, who was at the centre of a tickets scandal at the mutual fund company more than a decade ago, to lead its nearly $3 trillion asset management division.
The Australian central bank may buy up to A$50 billion of Australian government bonds as part of a QE package as early as next year, according to JPMorgan.
Former Treasury official David McCormick will run the world’s largest hedge fund on his own.
This year, it has felt like hardly a week has passed without some fintech declaring nonchalantly that it’s raised another few hundred million pounds, but one chart suggests the boom is over.
The pound rallied to a seven-month high versus the US dollar and the euro in early trading on Wednesday as some weakness in the greenback triggered some technical demand for the British currency.
The yen and Swiss franc held gains against the dollar on Wednesday as appetite for safe-havens spiked after US President Donald Trump warned a trade deal with China might not come until after the 2020 U.S. presidential election.
The outlook for markets in the next year varies “drastically” from country to country in line with the ability of each to deploy fiscal stimulus, said Hannah Anderson, global market strategist at JPMorgan Asset Management.
Capital investment by Chinese firms has ground to its slowest pace in three years, as a weakening economy, tight credit and prolonged trade war with the United States dent sales growth and cash reserves, a Reuters analysis showed.
Already grappling with its own deleveraging campaign, rising inflation and an ageing population, China is reeling from US tariffs that strike at the heart of an economy whose explosive growth was grounded in free trade and globalisation.