There has been no big shift in euro clearing activity from London to the European Union ahead of Brexit, the chief executive of the London Stock Exchange’s clearing unit said on Wednesday.
The yen’s surge versus all its 146 peers in early January put the spotlight on Japan’s margin traders, who have been growing in influence as the nation’s ultra-low bond yields spur them to bet on overseas currencies.
David Solomon, Goldman Sachs Group Inc.’s new chief executive officer, said the trading environment has “meaningfully improved” after Wall Street banks faced a difficult end to 2018 amid a bout of heightened market volatility.
As director of the Oxford-Man Institute of Quantitative Finance, Stephen Roberts’ research focuses on machine learning algorithms that discern patterns in markets. The trouble is that algorithms, he says, are even more capable than humans of finding “weird and wonderful things” in the numbers.
The lack of a negotiated exit of the UK from the European Union could lead to a so-called “cliff edge” effect in over-the-counter derivatives markets, given the legal uncertainty that would emerge over contractual obligations between counterparties, a regulator warned.
In just over a year’s time, the US dollar swap market will undergo a planetary realignment, when LCH changes the interest rate it uses to value cleared trades and pays on cash collateral – affecting $133 trillion of swaps.
The International Swaps and Derivatives Association is giving itself till the end of this year to implement a framework to wean swaps off Libor. Why the timetable? Observers say the schedule is meant to head off fears that some will refuse to move if it becomes clear they will lose out.
Differences are still substantial between what Beijing is willing to offer and what US will accept.
In an exclusive interview conducted by Bridgewater Associates and seen by Business Insider, Ray Dalio chatted with the legendary economist and former Federal Reserve Chair Paul Volcker.
New accounting rules are driving the uptake of long-dated FX hedges among Asian corporates, as growing geopolitical concerns heighten currency volatility.
Miners and investors are selling derivatives to squeeze something from their depreciating assets.
Digital money needs tough regulation rather than bleating in favour of ‘innovation’
Canada’s top law firms are set to converge this Valentine’s Day on a Halifax courtroom, competing for a piece of the C$260 million ($196 million) mystery behind the Quadriga CXX cryptocurrency exchange.
IronX operates as a global collaboration with Hong Kong-based blockchain accelerator, EmurgoHK, and IronFX, the multi-asset broker. It provides the best of both trading roles, with traditional trading (IronFX) and cryptocurrency trading (courtesy of EmurgoHK) and has a full range of both crypto and fiat wallet funding options available.
JP Morgan has made its execution services tool for FX algos, called Algo Central, available on the Bloomberg App Portal.
CME analysis shows the cost to trade in ticks was reduced by up to 36% after halving the tick size.
Several months after TFS-ICAP LLC and TFS-ICAP Ltd opposed the Commodity Futures Trading Commission allegations of fraud and supervision failures, Jeremy Woolfenden and Ian Dibb, who are also defendants in the case, seek to respond to the CFTC claims.
Sterling held below the $1.29 line on Wednesday as inflation, which fell to a two-year low in January, failed to shake the currency out of its recent trading ranges with markets firmly focused on the progress of Brexit negotiations.
The New Zealand dollar and Sweden’s crown rose after their central banks broke with the growing caution of the world’s major monetary-policy makers, surprising traders who expected more dovish signals.
The dollar’s recent rally paused on Wednesday as hopes for a United States and China trade deal spurred demand for riskier currencies.
A quick glance at the recent history of the “most-crowded” trades section in Bank of America Merrill Lynch’s surveyy of global fund managers shows an asset’s popularity can often peak just before a fall in price. Here’s a look at the last four instances of such trades in reverse chronological order.