The changing nature of foreign exchange markets, not least the day-to-day participation of the buy side, offers a good rationale for why buy side firms should sign a Statement of Commitment to the FX Global Code.
Theresa May has promised to set out a “new and improved” Brexit deal next month as she tries to stitch together a cross-party coalition of MPs to pass her EU withdrawal treaty at the fourth attempt.
In this week’s edition, the podcasters attempt to answer the question, why are some banks fined more than others for what appears to be the same conduct? They also discuss some of his observations from a big week in the crypto world, including an overheard conversation that not only highlights how people are making money on Bitcoin, but what they are spending it on.
With spikes in capital requirements on the way, European banks are fretting over how to avoid ending up with mispriced trades in structured products linked to funds.
INTL FCStone says that the muted FX markets reaction to the trade war reflects the impact of regulation
The need to obtain necessary data points and automate workflows is causing considerable challenges for the industry ahead of the phase-in of the Securities Financing Transactions Regulation (SFTR), which is set to begin in the second quarter of 2020.
Bitfinex’s loss of access to $850 million in customer funds after using a Panama-based processing firm highlights a persistent issue for crypto companies
Regulated US-based cryptocurrency exchange Coinbase is in advanced talks to buy custody provider Xapo for about $50 million to boost its custody business. Xapo’s CEO Wences Cesares is a serial entrepreneur from Argentina known to be one of the biggest champions of bitcoin from its earliest days.
Crypto exchange Bitfinex will list its new exchange token, LEO, on Monday after purportedly raising $1 billion from the initial offering.
Binance is looking to gatecrash the crypto derivatives market, a move that can put it up against exchange giant BitMEX.
Amedeo Ferri-Ricchi, a key revenue generator and head of Deutsche Bank’s foreign exchange business in Europe, the Middle East and Africa, which has been spared from deep investment bank cuts over the last 12 months, resigned last week.
Citi is revamping some of its more aggressive algorithm strategies, using predictive analytics to upgrade their intelligence so that liquidity is better managed and the quality of orders filled in the $5 trillion-a-day currency markets is increased.
The Barclay CTA Index reflects a positive month for funds, gaining 0.85% in April 2019. Strong performance in recent months has allowed the Barclay CTA Index to gain 2.28% year-to-date.
OpenFin has raised $17 million in its Series C funding round, which was led by Wells Fargo.
James Marsden has been promoted to head of e-FX quant trading at NatWest Markets in Singapore.
The spat with the US has put the yuan under pressure because it is likely to hurt China’s economic growth and narrow its trade surplus.
Sterling inched above five-month lows on Monday as British Prime Minister Theresa May makes a last-ditch attempt to get a Brexit deal through parliament before she leaves office, though scepticism from the opposition Labour Party capped gains.
The Australian dollar surged on Monday and is on track for its biggest rise this year as investors cheered a shock election win by Prime Minister Scott Morrison’s conservative coalition, though mixed global stocks broadly weighed on risk appetite.