Join FXPA at FIA Boca
Attending FIA Boca this week? Please join the membership of the Foreign Exchange Professionals Association (FXPA) for a Meet & Greet session at the FIA Boca conference. Representatives from the FXPA will be in the Lounge Area adjacent to Bar Luna from 5:30-6:30 on Tuesday, 10 March. Please rsvp to firstname.lastname@example.org
Jobs Report Deepens Emerging Market Rout – Financial Times (subscription)
The rout in emerging market currencies accelerated after Friday’s better than expected US jobs report sent the US dollar higher and supported investors’ view that the US Federal Reserve could raise interest rates sooner rather than later this year.
What Next for the IDB Industry? – Profit & Loss (free story)
Will BGC’s acquisition of GFI spark further consolidation in the inter-dealer broker industry? It has been a difficult few years for the IDBs as a combination of low volatility and continued regulatory overheads for the banks has muted trading volumes, and therefore the IDB’s profits.
Do News Reading Algos Give an ‘Unfair’ Advantage? – Profit & Loss(subscription)
We had something of a throwback in FX markets on Friday when the US employment report had to be posted the “old-fashioned” way, onto the BLS website, something that was detrimental to the news reading algos.
ICE Chief Jeff Sprecher Warns London Risks Losing Derivatives Lead –Financial Times (subscription)
London risks losing its position as the world’s leading centre for derivatives trading amid an onslaught of new European regulations, one of the world’s biggest exchange operators has warned.
Video: Top British Fund Manager Claims Eurozone Not Viable in Current Form – BBC
In a HARDtalk interview to be broadcast on BBC World News today (9 March), the fund manager Neil Woodford tells Stephen Sackur that he does not believe that the Eurozone is viable in its current form and that he believes that continued uncertainty over a potential British exit from the EU will be damaging to the British economy.
Greece Will Never Quit Eurozone: EU Commission Chief – Reuters
Greece will never leave the euro zone as to do so would cause “irreparable damage” to the EU, the head of the EU’s executive Commission Jean-Claude Juncker said in a German newspaper interview.
European QE May Not Live Up to Draghi’s Hopes – Financial Times(subscription)
So here we go again. Almost exactly six years to the day since the UK launched quantitative easing, the European Central Bank will on Monday start buying bonds in its own version of what was once called extraordinary monetary policy.