Platform Volumes Continue to Decline – Profit & Loss Volumes at most FX platform providers declined again in October, with only Fastmatch showing an increase.
Jury Delivers First US Libor Manipulation Convictions – Wall Street Journal (subscription) Jury finds traders manipulated benchmark interest rate for their own benefit.
BIS Data Highlights Success of Trade Compression – Profit & Loss The latest Bank for International Settlements semi-annual survey of OTC derivatives markets provides further evidence that trade compression is successfully reducing exposures in markets
PBOC Seen Tightening Grip on Yuan Rates Gap as IMF Review Looms – Bloomberg China shows signs of becoming less tolerant of divergence between its onshore and offshore exchange rates in the run-up to a decision on whether the yuan will be added to the IMF’s basket of reserve currencies.
Mark Carney: Prudent to Expect UK Rate Rise in 2016 – Bloomberg Mark Carney says Britons should be ready for a rate increase in 2016.
Blockchain Potential for Markets Grabs Exchange CEOs’ Attention – Bloomberg Executives in the $30 trillion futures industry would like to send a message to the blockchain community: we get it.
Are IDBs Obsolete? – TABBForum Many market structure pundits claim the interdealer-broker model is becoming obsolete with electronification of fixed income.