Portware, a FactSet Company, has joined the Foreign Exchange Professionals Association (FXPA) as a Supporting Member. Launched in 2014, the FXPA is designed to engage key regulators and policymakers to advance a sound, liquid, transparent, and competitive global currency market.
Former Citi FX trader David Madaras has lost his claim for unfair dismissal against the bank after a tribunal judge decided he intentionally broke rules surrounding the sharing of client information.
Sterling inched lower against the dollar and euro, with forecast-beating manufacturing data giving the currency only a minimal boost as traders eyed radically conflicting polls on next week’s British elections.
The dollar fell broadly, sliding to two-week lows against the yen and a more than one-week trough versus the euro amid growing political tension in Washington.
China is dishing out a tough lesson to currency traders and strategists alike: don’t bet against the yuan.
Major currencies are weaker across the board against the US dollar, but the Australian dollar is the worst of the bunch as traders reacted poorly to a batch of key economic data.
The Australian dollar is set to decline more than six percent to around the “high 60s” level versus the greenback as the country loses its yield advantage over the US, according to Goldman Sachs Asset Management.
The Canadian dollar weakened against its US counterpart as a drop in oil prices offset data showing strength in the domestic economy.
A strong Swiss franc continues to put pressure on Switzerland’s monetary policy, Swiss National Bank (SNB) Chairman Thomas Jordan said.
Put simply, the FX industry was trying to manage a 21st century market with 20th century oversight procedures.
Why demand for cryptoassets has skyrocketed in 2017 and their future in mainstream financial markets.
Gary Cohn, the former Goldman Sachs chief operating officer who is now the top economic adviser to President Donald Trump, reportedly has his eyes set on the top job at the Federal Reserve.
FCA asks for information on staff relocation and impact on capital and IT systems.
The European Union’s financial-markets regulator sought to stop the bloc’s member states from loosening oversight to attract business after Brexit, warning that firms shouldn’t be allowed to set up shell offices in the EU that still conduct critical business in London.
- EU Sets Guidelines for Members Luring London Finance Firms After Brexit – Wall Street Journal (subscription)
Esma promises guidance, but some say ‘firm, executable’ quotes are impossible.
BGC Partners is set to launch a new e-FX trading platform in the next few weeks.
Hugh Killen, global head of fixed income, currencies and commodities at Westpac, stepped down from the role yesterday, Profit & Loss understands.
Shawn Egger is set to join FastMatch has head of sales, Americas, effective June 5, 2017.
Bloomberg set to open trade repository for Europe for OTC and exchange-traded derivatives reporting.
The survey highlights pricing and reference data, valuations, risk and regulation-related spend as having the strongest sentiment for growth in spend.
The yen posted modest losses against the dollar, as its earlier run to a two-week high against the greenback was met with steady profit-taking.
The forint strengthened Hungary’s Purchasing Managers’ Index (PMI) jumped to a record high in May, underpinning that strong manufacturing growth continues in Central Europe.
Violence batters tourism, but currency float and President Sisi’s reforms lift outlook.