The paradox of data is, as observed by panellists at Forex Network Chicago, while the data itself is becoming cheaper and more easily accessible than ever before, the resources being allocated to analysing it are increasing, bringing with it increased costs.
Tough Environment Has Hedge Funds Heading for the Exits – Pensions & Investments (subscription)
Difficult investment conditions for hedge fund managers are pushing even seasoned firms to get out of the business. Long-tenured industry observers said it’s unusual to see so many large well-known hedge fund management companies return investor cash over a short period of time.
The rise in speed has led to a deterioration in execution quality and liquidity, according to ParFX’s COO.
Banks saw positive results for equities trading, while fixed income trading revenue generally declined.
Buy-side firms are now looking beyond the compliance requirements of MiFID II and resuming their focus on execution quality, according to the results of The Trade’s Execution Management Systems Survey 2018.
The commissioner discussed conflicts of interest that may exist in different levels of CCPs during a speech at the Federal Reserve Bank of Chicago, during its fifth annual conference on CCP risk management.
- CFTC Commissioner Warns Over Cross-Border “Re-Think” – Global Investor (subscription)
- Keynote Remarks of CFTC Commissioner Rostin Behnam at the Federal Reserve Bank of Chicago’s Fifth Annual Conference on CCP Risk Management, Chicago, Illinois – CFTC
A five-year-old market manipulation case against one of the biggest US trading firms may have just gotten a new reason to move ahead.
Banks are weighing up whether the standard approach or internal models approach is more beneficial, an expert says.
A senior Treasury department official warned that a hard Brexit could hurt global financial stability and said the US is working with officials in the UK and EU to limit risks of Britain’s withdrawal from the bloc.
Gary Gensler, former chairman of the US Commodity Futures Trading Commission, said that most cryptocurrencies sold through initial coin offerings should be considered securities.
In the race to be the world’s dominant crypto region, European countries are crushing their peers in the US and Asia. The value of “token sales” in Europe this year is about $4.1 billion, far above the $2.6 billion in the US and $2.3 billion raised in Asia.
CryptoCompare, the global cryptocurrency market data provider, has published the ‘Cryptoasset Taxonomy Report’. The taxonomy provides retail and institutional investors, regulators and the industry with an independent classification of cryptoassets, based on the depth, breadth and scope of CryptoCompare’s global datasets.
Coinbase, the US cryptocurrency exchange, is opening an office in Dublin as part of its contingency planning before the UK leaves the EU next year.
Bitcoin has plummeted from last year’s crazy valuation — now it’s time to drop expectations for distributed ledger tech.
The recently launched platform for digital asset trading, ErisX, has hired Kelly Brown as chief commercial officer, Liz James as head of clearing and Michael Piracci as senior counsel.
National Australia Bank on Tuesday joined Westpac Banking Corp. and Australia & New Zealand Banking Group in announcing new provisions associated with the costs of cleaning-up years of bad behaviour. All three banks are putting more money aside for remediation including compensating wealth customers who were charged fees for services they didn’t receive.
Sources familiar with the matter tell Profit & Loss that Alex Shterenberg, global head of FX algos at Bank of America Merrill Lynch in New York, has left the bank.
Diederik Dorst has been appointed as vice chairman of the FIA European Principal Traders Association.
CME Group has announced its international (outside of North America) third-quarter trading volumes. CME saw an increase in both its Asian and Latin American markets, but experienced a five percent decline in overall international daily volumes.
Derivatives trading software specialist Trading Technologies has unveiled its new full-service order management system which will be rolled out early next year.
Refinitiv, the recently rebranded Financial & Risk business of Thomson Reuters, has teamed up with Microsoft to integrate its financial and markets data with Microsoft products including Excel, MSN Money and Bing.
ADM Investor Services will be providing FX prime brokerage, execution and settlement services through oneZero Financial Systems’ EcoSystem.
The dollar edged higher on Wednesday as a rally on Wall Street boosted risk appetite, although gains were capped before the release of Fed minutes later in the day.
Sterling has been described as the UK government’s unofficial opposition, delivering a series of thumbs-down responses to Brexit plans over the past two years.
China’s moves to boost liquidity in an effort to safeguard economic growth are eroding the country’s yield premium over the US, putting “renewed pressure” on the yuan, according to Citigroup.
Bernd Berg, global macro and foreign exchange strategist at Woodman Asset Management, discusses emerging market currencies, including the Brazilian real and the Russian ruble.