FXPA’s globalFXsource will be taking a hiatus over year-end and return the first week of January. Wishing everyone a good holiday season and Happy New Year!
The Role of Last Look in Foreign Exchange Markets – Norges Bank
Last Look is a unique feature of foreign exchange markets that gives liquidity providers the option to reject orders received from liquidity takers in response to the provider’s quote.
Yen Gains, Bond Yields Tumble After BOJ Enhances Asset Purchases –Bloomberg
The yen advanced and benchmark Japanese government bond yields dropped to a 10-month low after the Bank of Japan enhanced its asset-purchase program.
Argentine Peso Plummets 26.5 Percent After Controls Lifted – Reuters
Argentina’s peso plunged more than 26.5 percent on Thursday, after the country’s new government floated the currency as part of a slew of free-market reforms aimed at revitalizing the stagnant economy.
Banks Try to Copy Citi and UBS Clearing Leverage Cuts – Risk
Having spent the past year campaigning for a change to the leverage ratio, you might expect futures commission merchants (FCMs) to be cock-a-hoop about an accounting tweak that achieves a similar outcome – placing billions of dollars’ worth of cash margin outside the ratio’s clutches, and slashing required capital.
FX Analytics Team at Risk as Morgan Stanley Cuts Deep – E Financial News
A highly-regarded foreign exchange analytics team that sits in Morgan Stanley’s trading division is at risk of redundancy as part of the wide-ranging cuts in fixed income at the US bank.
Cybercrime Tops the Financial Stability Risk Charts – E Financial News
The umbrella association for securities regulators around the world has found that cybersecurity is now seen as a major risk to the financial system, adding to a growing chorus of concern from regulators in recent months.
Blockchain Lures IBM, Wells Fargo for Transaction Network – Bloomberg
Blockchain, the bitcoin-linked software ledger that’s touted as a way to speed up and simplify how transactions are recorded, just won the backing of finance and technology titans including IBM, Wells Fargo & Co. and London Stock Exchange Group Plc.