It has been regularly ventured in institutional FX circles that any retail trader looking to make money in FX is crazy – there is an information disadvantage that is not compensated for by the advanced technology available to these traders.
UK Moves Closer to Brexit as The Sun Backs ‘Leave’ Campaign – Bloomberg
Britain appeared to be on course to leave the European Union, with four polls from three companies putting the “Leave” campaign ahead of “Remain.”
- Britain on Course for Brexit After Poll Surge – The Times
- Brexit’s First 100 Days Promise Chaos, Fear, Damage Limitation – Bloomberg
Germany’s 10-year government bond yields tumbled below zero for the first time on record as a weakening global economic outlook fuels demand for perceived havens.
A fringe Hindutva group called the Hindu Sena is all set to hold a grand celebration for presumptive Republican candidate for the U.S. presidential race Donald Trump on his birthday on Tuesday at New Delhi’s Jantar Mantar area.
- Happy Birthday Donald Trump – Hindu Sena Cuts Cake for ‘Messiah Against Islamic Terror’ – The Indian Express
Bats Hotspot has announced it will launch deliverable FX forward contracts on its platform, targeting a launch date in late 2016.
Italian surgeons began a four-hour heart operation on former prime minister Silvio Berlusconi on Tuesday to replace a defective aortic valve, a hospital statement said.
China needs to implement reforms with more urgency as the economy faces growing vulnerabilities and there are fewer buffers to deal with any shocks, an International Monetary Fund (IMF) official said on Tuesday.
A new regulatory filing was made available today providing details of the $30 million settlement that BNY Mellon agreed with the Securities and Exchange Commission (SEC) last year relating to how it executed client FX transactions.
Damian Clarke, a former equities trader at Schroders Investment Management has today been sentenced to two years imprisonment having pleaded guilty to nine counts of insider dealing.
Microsoft Corp. snapped up LinkedIn Corp. for $26.2 billion in the largest acquisition in its history, betting the professional social network can rev up the tech titan’s software.
Goldman Sachs bankers paid for prostitutes, private jets and five-star hotels and held business meetings on yachts to win business from a Libyan investment fund set up under Gaddafi regime, the high court in London was told yesterday.
- Goldman Sachs Accused of ‘Taking Advantage’ of Naive Libyans Who ‘Live in the Middle of the Desert with Camels’ – The Telegraph
Non-bank market maker XTX Markets has appointed regulatory reporting specialist Abide Financial to manage its compliance obligations for multi-asset, multi-regime transactions reporting.
Standard Chartered’s chief executive has taken steps to stamp out a “cancer” of complacency and lax controls that he blames for recent misconduct among senior staff at the emerging markets bank.
It was almost inevitable and hindsight is a wonderful thing. For as Profit & Loss’s Colin Lambert wrote in his And Finally…column only this morning: “The sharp Sterling move we reported last week and I discussed in the midweek column, seems to have adequately spooked people, for liquidity in the market has apparently dropped off a cliff.”
Global oil markets are moving close to balance in the second half of this year on a significantly stronger than expected oil demand and unexpected supply disruptions, the International Energy Agency said Tuesday.
The South Korean finance minister said Tuesday that the government will announce a package of fiscal policies that would sufficiently stimulate the economy in the second half amid growing concerns over further economic downturn.
Abu Dhabi’s sovereign wealth fund is seeking $6.5bn from Malaysia’s troubled state investment fund 1MDB, after the emirates investment vehicle said its Malaysian counterpart is “in default” on an agreement between the two.
The UK hopes to “materialise” a mutual recognition of funds (MRF) scheme with China, while the London Stock Exchange is “actively working” with its counterpart in Shanghai on a Shanghai-London Stock Connect, according to Lord Ashton of Hyde, special representative of the Chancellor of the Exchequer.