Mark Clark has become the second former Barclays FX trader to lose a claim for unfair dismissal in a UK employment tribunal.
Even following the most recent spate of conduct-related issues, a re-birth of the FX industry is not as hard as it sounds.
Prime minister dismisses idea that UK could keep ‘bits of’ EU membership.
The dollar crept ahead in Asia after signs of wage pressure in the December US jobs report proved enough to lift Treasury yields, but bulls remained wary of a sudden setback following last week’s wave of profit-taking.
Financial markets may be witness to a massive rally led by the dollar if Donald Trump pulls off the biggest fiscal stimulus push since the 1980s.
The Chinese yuan stabilized in offshore markets and its borrowing costs retreated from record highs, though investors anticipated Beijing would take further steps to stop its currency from depreciating too quickly.
Bitcoin extended Friday’s tumble amid concern China will tighten rules on the digital currency to curb capital outflows.
Thomson Reuters says its FX platforms handled $82 billion per day of spot volume in December.
LCH is seeing the benefit of the push towards central clearing of derivatives, the clearinghouse announcing its SwapClear service cleared record volumes of interest rate derivatives in 2016.
Currency speculators raised the number of net short bets on the Mexican peso, again increasing the number of contract bets that the peso will fall after a small decrease.
Asian FX jobs are still in the firing line, even as Singapore and Hong Kong grab a greater share of global FX turnover.
House Financial Services Committee Chairman Jeb Hensarling (R-TX) announced the committee’s leadership team for the 115th Congress and has appointed Congressman Bill Huizenga (R-MI) as chair of the Capital Markets, Securities and Investment Subcommittee.
The Bank of England has been warned by its internal watchdog that it needs to strengthen its supervision of the vital plumbing behind the financial system such as clearing houses, payment services and exchanges.
For all the Trump team talk about gutting President Barack Obama’s landmark financial law, Chicago’s trading community is wagering that at least part of it will stick: swaps reform.
Central banker says the rule can create tremendous expense and burden with only marginal benefit.
New Basel regulations due to take effect in 2019 will create need for 2,000 staff.
Russia’s central bank reinstated the Japanese yen in its international reserves in the second quarter of 2016, while cutting back on the share of euros, the bank said.
China’s foreign currency holdings remained above $3 trillion in December even as the yuan capped its steepest annual decline in more than two decades.
The French financial regulator, Autorité des marchés financiers (AMF) is mandating some changes to retail brokers operating in the country.
TP ICAP expected to report a 12% growth in revenues in 2016 compared to the year prior.
Building out Nex Group could be his biggest challenge yet.
Connectivity provider FXecosystem has announced further expansion in Asia, with a point of presence (POP) in the Equinix Hong Kong data centre, HK1.
Survey finds just 6% of firms plan to support training to deal with lack of blockchain talent.
There is no end in sight for the Turkish lira’s woes, with the currency slumping to another fresh record low against the dollar in an already rough start of the year.
Emerging Asian currencies fell after data showing a rebound in US wage growth buttressed expectations for more Federal Reserve interest rate hikes in 2017.
The Indian rupee weakened against the US dollar, tracking the losses in the Asian currencies markets and also on the pessimism on domestic markets following lower economic growth projections last Friday.
The current GBP/NZD price chart is showing a compelling bias to further upside despite a poor start to the new week.