The Ontario Securities Commission says Thomson Reuters has failed to provide enough information to prove that a major foreign exchange platform used by Canadian banks complies with provincial trading regulations. Early last week, the OSC warned Thomson Reuters the firm could be forced to revoke Canadian banks’ access to its Multilateral Trading Facility.
- Canadian Banks at Risk of Losing Access to Key European Currency Exchange Platform – The Globe and Mail (subscription)
The euro is treading water, and it may need the European Central Bank’s hand in rescue. The question is whether President Mario Draghi and his council will be able to throw a life line at the currency when they meet on Thursday. The shared currency is trading around where it was about a year ago against the dollar, caught in a cross-current between opposing forces.
China has no desire to boost its exports through competitive devaluation while the nation’s sound economic fundamentals are providing support to the currency, a spokesman said on Monday as US President Donald Trump took issue with the yuan’s month-long losing streak.
Commodity Futures Trading Commission Chairman J. Christopher Giancarlo and Chief Economist Bruce Tuckman penned a letter in defense of derivatives in response to the Bollettino published by the Vatican’s Congregation for the Doctrine of the Faith and Dicastery for Promoting Integral Human Development on May 17, 2018. Giancarlo and Tuckman address derivatives broadly, as well as the specific criticism of credit default swaps contained within the Vatican’s Bollettino.
Banks should have control of Mifid II data even when reporting is outsourced, an expert said.
The UK is to step up lobbying in EU member states in an effort to win support for Britain’s plan for post-Brexit regulation of the financial services industry, in spite of its rejection by Michel Barnier, the bloc’s chief negotiator.
Spend five minutes browsing cryptocurrency content on Telegram, the encrypted messaging app, and you’ll soon discover dozens of ‘pump and dump’ scams orchestrated with a brazenness that makes the Wolf of Wall Street look like a pussy cat.
Coinbase sets up a PAC; the Winkevii donate to Cuomo; humble crypto bros beg for acceptance.
South Korea is truly crypto crazy. While the country has less than 1 percent of the world’s population, estimates indicate it is responsible for 30 percent of all cryptocurrency trading in the world.
Bitcoin put more distance between itself and smaller rivals such as Ethereum and Ripple on Monday by rallying as much as 5.8 percent, building on its biggest weekly gain in months.
Beeks Financial Cloud is hosting Deltix’s CryptoCortex platform offering connectivity to crypto exchanges, futures and options.
A blockchain market infrastructure specialist is lining up solutions to address liquidity concerns for institutional investors looking to trade cryptocurrency markets.
While it’s clear that investments in cryptocurrencies have exploded – to a market cap of $269 billion from $97 billion in early July 2017, according to CoinMarketCap.com – it’s less clear how they should be regulated and what’s in store for institutional investors.
Frederic Boillereau has left his position as head of global FX and commodities and head of global markets corporate services at HSBC. Based in London, Boillereau leaves after 20 years at the bank.
US private equity firm Blackstone Group has secured EU antitrust approval to acquire a majority stake in Thomson Reuters’ Financial and Risk unit, the European Commission said on Monday.
French investment bank Credit Agricole CIB has outsourced its listed derivatives back-office operations to CACEIS Investor Services. CACEIS, which serves as the asset servicing business of Credit Agricole, will also act as its main listed derivatives clearer.
Markets are sceptical that Donald Trump can trigger any material depreciation in the value of the US dollar following recent attempts to talk the currency lower.
The pound edged up above $1.31 on Tuesday as the dollar skidded lower but gains for the British currency were capped by fresh angst over Brexit and doubts about the economy.
Turkish policy makers will have to step up to the plate and raise interest rates on Tuesday to restore credibility or face a market rout. Turkey’s lira and bonds have rebounded from record lows earlier this month on speculation the country’s central bank will look past President Recep Tayyip Erdogan’s calls for lower borrowing costs when it sets policy on Tuesday.
The euro slipped a quarter of a percent on Tuesday as investors warily eyed business activity data that will shed light on whether growing rhetoric over a trade war between the US and its trading partners in recent weeks has dampened sentiment.
The reasons why the IMF stepped in to rescue Argentina were perfectly clear back on June 8. The peso was in freefall, and though the Argentine government had spent two years fortifying the country’s reserve position, by borrowing heavily in the Eurobond market, that was merely orthodox thinking.