ICAP plc (Icap), this morning announced that Seth Johnson, currently head of strategy at its global broking division, has been appointed CEO of EBS BrokerTec, taking over from outgoing CEO Gil Mandelzis who, as announced on 21 July is leaving Icap.
Most major trading venues will be glad to see the back of August – following the downbeat results from FastMatch and Hotspot, four other venues have reported a decline in FX volumes – two registering historic lows and a third the lowest in seven years.
The UK’s Competition and Markets Authority has indicated that it is satisfied with the altered terms of the proposed merger between Tullett Prebon and Icap, and will not refer the deal for an in-depth investigation.
Icap-owned trading platform EBS is considering opening up its bank-only non-deliverable forwards liquidity pool to prime brokerage customers.
The US Commodity Futures Trading Commission has approved two final rules for system safeguards testing requirements, as well as a comparability determination for Japan’s margin requirements for uncleared swaps.
Currency volatility is one of the many symptoms of—and threats to—the global economy’s long malaise.
Over the past couple of years, corporate CFOs and their treasury, accounting, and finance departments have had to adapt to a resurgence in currency volatility.
Memo to macro money managers who sense that diversifying funds is harder than ever: you’re not imagining things.
The blockchain could revolutionize the case for gold as a means of exchange, offering the benefits of bitcoin – also known as digital gold – without its drawbacks.
European Central Bank president Mario Draghi drew accusations of complacency after keeping a tight rein on monetary stimulus that helped extend a summer bounce for the euro.
The world’s major central banks are undoubtedly keeping “an eye on exchange rates” in setting their monetary policies, according to Reserve Bank governor Glenn Stevens.
The Bank of England has embarked on a multi-year research programme to explore the implications of a central bank issued digital currency.
AB InBev is $9 billion down, so far, on a currency hedge the brewer arranged for its 79 billion-pound ($105 billion) takeover of rival SABMiller.
A measure of anticipated volatility has fallen to the lowest since the Bank of Russia stopped managing the currency in November 2014.
North Asian markets were jittery on Friday amid reports North Korea had conducted a nuclear test, with investors more broadly digesting the ECB’s decision overnight to stand pat on monetary policy.
Most Latin American stocks and currencies retreated on Thursday after the European Central Bank refrained from offering any clear hint of additional stimulus.
Sterling climbed on Friday, on track for its fourth straight week of gains against the dollar, as investors trimmed bets against the currency ahead of data that could show the country’s yawning trade gap shrinking in July.
The dollar snapped a three-day losing streak against the yen Thursday as investors expected central banks in the US and Japan to stay on diverging monetary-policy paths when they hold their simultaneous policy meetings late this month.