In this Profit & Loss exclusive, Rohan Ramchandani, who was recently acquitted of FX market manipulation by a jury in New York, breaks his silence on the case and gives his perspective on why he believes the prosecution’s arguments were fundamentally flawed.
British Banks Are Getting a Last-Minute Break From the EU – Bloomberg
Countries including Germany, the Netherlands, France, Italy
The US Commodity Futures trading Commission has named former Goldman Sachs and Deutsche Bank FX prime brokerage head Mel Gunewardena as deputy director of its Market Intelligence Branch and CFTC’s chief market intelligence officer.
The pace of DLT adoption in the capital markets remains much slower than has been seen in other areas. Given the scope, complexity and systemic importance of the clearing and settlement landscape, is it realistic to expect a blockchain revolution anytime soon?
The European Securities and Markets Authority (Esma) has said that it will focus on the regulation of credit ratings agencies, trade repositories and the monitoring of third-country market infrastructure in the year ahead.
While certainly not a global crisis, technology is currently positioned to cause tremendous change in financial services at a global level. Distributed ledger technologies, artificial intelligence, machine learning and other innovations have the potential to change business models and value chains across the financial industry.
Come July 1, asset managers will be unable to dump derivatives as a G-Sib is unwound. Lawyers are standing by.
Prime Factor Capital, a cryptoasset investment firm headquartered in London, has launched a cryptocurrency fund.
JP Morgan says that its new dollar
The Derivatives Market is Heating Up in Crypto, and
Cryptocurrency trading is stuck in the doldrums but one corner of the market is heating up, according to numerous market specialists – derivatives.
Unusual cash-pickup system mysteriously closes.
Intermediaries will be important for the crypto sector but they are concerned about managing risk, according to the head of ErisX.
HSBC earned about $120 million in a single day during Turkey’s financial crisis as it profited from the collapse of the lira, according to a regulatory disclosure made by the bank.
- HSBC’s Profit Misses Analysts’ Expectations – The Wall Street Journal (subscription)
- HSBC Bankers, Prepare for Lower Bonuses – Bloomberg
- HSBC Swells its Ranks of Multi-Millionaires – Financial News (subscription)
CLS has announced that Nomura Asset Management has become the first asset manager headquartered in Japan to provide access to CLSSettlement for Japanese-domiciled funds.
CME has added another two currency pairs to FX Link, a central limit order book (Clob) that enables clients to trade over-the-counter spot and FX futures through a single-spread trade on the CME Globex platform.
Kevin Rodgers, Deutsche Bank’s former global head of FX, offers some advice to his ex-employer.
Nasdaq’s Magnus Haglind discusses trends in cloud adoption, blockchain and standardisation.
SmartStream has a referral agreement in place with Numerix to better support its end users in complying with ISDA’s margin requirements for non-centrally cleared derivatives.
The pound retreated from a one-week high on Wednesday as British Prime Minister Theresa May returned to Brussels to try to salvage her Brexit deal.
China’s yuan rose on Wednesday after the United States pressed Beijing to prevent a sharp weakening of its currency as part of any trade deal, while the dollar paused as traders positioned ahead of the release of Federal Reserve policy minutes.
This year’s rally in Treasuries is an opportunity to sell or get short before the Federal Reserve signals more tightening in the second half of the year, according to Franklin Templeton.