Justin Slaughter, former counsel to a CFTC Commissioner and current counsel to the Foreign Exchange Professionals Association (
Currency traders are taking no chances as the UK Parliament’s Brexit vote late Tuesday will come during thin liquidity heading into the market’s witching hour.
- Currency Traders Brace for More Brexit Volatility – Financial Times (subscription)
- Sterling Transitions into EM Territory – Financial Times (subscription)
- Sterling Nears Three-Month Low as Investors Prepare for Brexit Vote – Reuters
In FX Global Code terms, a practice that it endorses (with the appropriate disclosures and intent, of course) was deemed worthy of a jail sentence by a US judge, while a case that surrounded
Which is harder for a trading venue: building out a spot FX business or non-spot FX business? This is the question that was posed to Carlo Koezler, CEO of 360T and global head of FX at Deutsche Börse Group, in a video interview with Profit & Loss.
The increasing automation of the FX markets is changing how firms manage their risk.
The podcasters discuss the potential implications of Cboe’s agreement with UBS to help broaden the reach of its FX platform – and why Refinitiv might want to sit up and pay attention. They also discuss the multi-dealer platform world looking at how platforms can differentiate themselves. Are these firms really taking the single dealer model and deploying it in a multi-dealer landscape? Will this work? What are the USPs of a single and multi-dealer platform?
A whistleblower at Goldman Sachs has gone to the UK’s financial watchdog to allege that the Wall Street bank has improperly recorded trading data. The UK’s Financial Conduct Authority has been made aware of the allegations by the whistleblower and is now weighing whether to take the matter further.
Isda, FIA, Afme and Icma are concerned that UK clearing houses will serve termination notices to EU members.
Amidst the current political uncertainty, financial institutions are already preparing to move thousands of contractual relationships impacted by the potential loss of
On August 28, 2018, the US Senate confirmed Dan Berkowitz (D) and Dawn Stump (R) as Commissioners of the US Commodity Futures Trading Commission. With the addition of these two Commissioners—and Chairman J.Christopher Giancarlo (R), Commissioner Brian Quintenz (R), and CommissionerRostin Behnam (D)—the CFTC once again has a full five-person complement after four years of persistent empty seats. But what will the new Commission accomplish?
Fines levied over 2018 stand at just £27.6m so far, compared with £229.5m last year.
The future of cryptocurrencies will entail greater regulation, more involvement by large institutions, lower volatility and greater integration with traditional assets.
The retail investors behind bitcoin’s dizzying ascent to a record of nearly $20,000 last December have fled, leaving the early adopters and crypto-related firms that traditionally dominated digital coin trading driving exchange volumes.
Seed CX, an exchange for institutional trading and settlement of spot digital asset products, announces that
Valerio Roncone has also revealed the bourse spends CHF 1 million daily on innovation, excluding the crypto build-out.
Coinbase is continuing to explore the addition of new
CLS says it handled settlement instructions to the notional value of $1.68 trillion in November, up very slightly from the $1.677 trillion in November 2017 and down from $1.71 trillion in October. This represents a 1.7% drop on a month-on-month basis and is largely in line with data reported earlier by various FX platforms.
FIA together with affiliate FIA Tech, have released new technical guidelines for firms to properly identify the correct brokerage when executing and clearing
Paul Humphrey has decided to leave to pursue other opportunities after almost three years with Euronext. Chris Topple, currently CEO of Euronext London, will lead the FICC business in Humphrey’s absence.
CME Group has completed the first trades of USD Eris interest rate swap futures following the migration of the derivatives to its exchange on 3 December, with ten firms actively trading.
Flow Traders will propose to appoint Dennis Dijkstra as its sole CEO at the May 2019 AGM.
The WM/Reuters Thai baht spot FX benchmarks are to
Trade repository has set up a local entity to ensure access to clients after Brexit.
The Competition and Markets Authority is reviewing concerns about Nasdaq’s bid for Cinnober.
After testing rival margin services, banks now have to pick a favourite – one has better tech, the other is cheaper.
The German finance ministry is willing to “orchestrate” a merger between Deutsche Bank and Commerzbank.
The dollar consolidated losses on Monday after
JP Morgan expects the Standard &Poor’s 500 to rise 18 percent by the end of 2019. That doesn’t
China’s renminbi started the week off on a poor footing, on track for its worst day in two months, after official inflation and export data disappointed.