Trading volumes slumped ahead of the changes, according to two brokers with knowledge of the matter, with client business at one major brokerage in Europe almost non-existent as the rules were poised to take effect.
- Mifid II Launch Suffers Setback on Futures Markets – Financial Times (subscription)
- Mifid II Architect: You Might Not Like It, But It Could Have Been Far Worse – Financial News
The dollar rebounded from recent lows as the euro fell, but investors warned that political uncertainty and opportunities elsewhere in the world may leave the buck under pressure as this year gets underway.
Greenback weakness would have far-reaching consequences for financial assets in 2018.
Sterling was flat but still holding near a three-month high of $1.36, after a survey showed that growth in Britain’s construction sector slowed last month.
A rare voice of caution is coming from Bank of America Merrill Lynch, which is advising clients to brace for a 10-cent fall to $1.10 this quarter.
The government’s much-vaunted Brexit ‘impact assessments’ are embarrassingly short of detail on the impact on financial services.
FCA proposing to ban Hussein over Libor-related allegations.
Distributed ledger technologies will be used increasingly while cryptocurrencies gain ground.
Non-EU benchmarks have until 2020 to comply, but swaps contracts may need to change immediately.
Senate bill on relief for regional banks expected to take precedence over House’s Financial Choice Act.
Search committee and search firms have sought suggestions.
LMAX Exchange Group has completed the transition of its MTF and broker businesses into two distinct FCA regulated entities to meet the regulatory changes under MiFID II.
Celer Technologies has partnered with Cboe’s Hotspot FX to provide a GUI for clients wishing to trade on the platform’s streaming outright forwards and NDFs.
Speculators raised net short position on bitcoin futures traded on Cboe Global Markets last week amid a selloff sparked by experts’ warnings of a bubble, according to data from the Commodity Futures Trading Commission.
- E-Trade Begins CME Bitcoin Trading as of Tuesday Evening – CNBC
- OTC Global Holdings Trades First CME Bitcoin Block – FOW (subscription)
European exchange group has a “pre-emptive right” to acquire LCH if it comes up for sale.
Most large cryptocurrencies rose in value after it was revealed that high-profile investor Peter Thiel invested in Bitcoin.
The rand touched its strongest level in more than two years on December 28 and remained near that level on Tuesday.
The threat of war may not be out of the picture but Asia’s top-performing currency is still seen as raring to go in 2018.