NEX Markets has released a new report, which it says demonstrates greater transparency and improved behaviour in the FX market since the FX Global Code came into effect in May 2017.
- Tougher Rule Book Improves Currency Market Behaviour – Financial Times (subscription)
- Global FX Code Making an Impact as ‘Last Look’ Executions Diminish – The Trade
Susan Roberts, product specialist and director of investor relations at Campbell & Company, talks about how the CTA industry has matured, what purpose these funds are really supposed to fulfill within a portfolio and why performance might be set for an uptick.
In the decade since the financial crisis far too many things remain the same, but there is reason to think change is still on the way.
- Why So Little Has Changed Since the Financial Crash – Financial Times (subscription)
- The Next Decade in the City: Toil, Trouble and Tech Takeovers – Financial News (subscription)
MiFID II’s impact is being felt across the globe. While non-EU firms do not have a direct obligation to comply with the regulatory framework, pressure to become ‘MiFID II-friendly’ is intensifying.
A Bank of England committee is setting up a working group to engage with technology and infrastructure providers to ensure that the industry will be operationally ready for the transition to new reference interest rates.
Mark Carney is signalling a willingness to stay on as Bank of England governor beyond next year as he faces mounting pressure to reveal his intentions.
Bitcoin has died 900 times. Yet it continues to make headlines. The maturation of the crypto market will likely involve the failure of many over-hyped cryptocurrencies with little substance behind them. And regulation will become increasingly important for the evolution of crypto assets.
Deutsche Bourse has set up a dedicated ‘DLT, Crypto Assets and New Market Structures’ unit to further advance its work into the transformational potential of blockchain technology.
The extraordinary returns generated by cryptocurrencies have led to a frenzy of investment activity and interest from investors. Several new crypto hedge funds have emerged, and cryptocurrency is fast establishing itself as a mainstream asset class.
Japanese e-commerce giant Rakuten is planning another step into the cryptocurrency industry with the acquisition of a local bitcoin exchange.
Thomson Reuters has launched RTS 27 Now, a targeted reporting solution that leverages its Velocity Analytics platform to help banks that have newly registered as Systematic Internalisers under MiFID II complete their first regulatory report.
The UK dealer’s frosted glassbox serves as a segregated order execution desk for fixings and stop losses.
Berenberg Asset Management has announced its adoption of BestX, the FX analytics software provider, to deliver greater transparency and evidence best execution to their clients.
Dealer banks already entangled in a US antitrust case arising from the interest rate swaps market have filed to dismiss an amended complaint made by electronic trading platform provider TrueEX.
ParFX CEO Dan Marcus calls for more transparency as providers profit from unbundling data packages and price negotiation.
The penalties relate to alleged manipulation of Libor rates and transactions involving Libyan counterparts.
The end of summer is doing nothing to cool the dollar’s temperature. The greenback is once more on the charge against all major currencies and those in the emerging markets.
Fitch has cut its outlook for economic growth in Turkey and warned of “significant and widespread downside risks”.
The pound sank to a one-week low on Tuesday on rising doubt among investors about the progress of Brexit talks and the future leadership of the Bank of England.
Emerging markets are a diverse group based on their respective economic stories. But as investors look to cut their exposure to the asset class, EM stress is rising.