Three Theories on the FX Flash Crash: Robots, Apple, Yen Shorts – Bloomberg
Traders and strategists are still attempting to identify the triggers for Thursday’s flash crash in the $5.1 trillion-a-day foreign exchange market.
- Yen Flash Crash: What Happened and Why – Financial Times
- The Yen-Inspired ‘Flash-Crash’ Is an Ugly Omen – Bloomberg
- The Computers Are Sorry About the Flash Crashes – Bloomberg
A Top-Rated Haven Just Began Interventions to Buoy Its Currency – Bloomberg
For the first time in almost three years, the central bank of Denmark has bought kroner to support its euro peg through a direct intervention in the currency market.
‘As Good As It Gets’ For Exchanges – MarketsMedia
CME Group reported record volumes as analysts at German bank Berenberg said increased volatility has led to robust volume growth across most products for exchanges around the globe.
Brexit Threat to European Sovereign Bond Sales – Financial Times
European governments risk a Brexit blow to their finances if the UK crashes out of the EU without a deal, an outcome that would jeopardise their access to the London-based banks that help sell their bonds.
Ireland in Push to Handle Business Moves to Dublin as Brexit Nears – Financial Times
Ireland is likely to issue an increasing number of
Mifid II Reporting Issues Linger One Year On – Global Investor (subscription)
On the one year anniversary of Mifid II challenges with transaction reporting remain.
UK Treasury Adds Two Women to BOE’s Financial Policy Committee – Bloomberg
Colette Bowe and Jayne-Anne Gadhia are set to join the Bank of England’s Financial Policy Committee. The central bank has been criticized for a lack of gender diversity, particularly in its most senior ranks and in
If the Stock Market Has a Problem, His Job Is to Fix It – Bloomberg
Brett Redfearn of the SEC has a full plate: IPOs, high-frequency trading, exchange fees and the price of data.
Looking for Liquidity – Profit & Loss
PwC Crypto Lead Expects “Many More” Big Banks to Enter Market in 2019 – The Trade
PwC Hong Kong crypto lead expects more participants in the cryptocurrency space this year despite the ongoing bear market and widespread regulatory concerns.
Tesla Stock on a Blockchain Offers Hint of Where Crypto’s Headed – Bloomberg
DX.Exchange, a digital exchange opening next week, will enable investors to trade in companies including Apple, Facebook and Tesla outside of the US even when the stock markets are closed.
Winklevosses’ Cryptocurrency Exchange Says the ‘Revolution Needs Rules’ – The Wall Street Journal (subscription)
Gemini Trust Co., the cryptocurrency exchange founded in 2014 by Cameron and Tyler Winklevoss, argues in a new ad campaign that its chaotic sector should protect investors by adopting standard best practices and following regulations.
Happy 10th Birthday, Bitcoin. It’s Amazing You Still Exist – The Guardian
False prophets, a rogues’ gallery of blaggers, and fiendish technical complexity: the cryptocurrency has defied them all.
Cobalt: Bringing Greater Efficiency to the Back Office – FX Week (subscription)
Market participants will look to bring back-office operations in line with modern electronic trading practices.
FireApps: Digitalisation of Financial Markets Will Accelerate – FX Week (subscription)
Banks are no longer just talking about digitalising their business; they have allocated hundreds of millions to it, says Wolfgang Koester.
Deutsche Börse’s Straight-Talking Boss – Handelsblatt
CEO Theodor Weimer has improved Deutsche Börse’s relations with politicians and investors, but can he make the acquisitions that will take the company into the big league?
FX Market Vulnerabilities Persist Despite Good Progress: ParFX – Global Investor (subscription)
FX trading platform ParFX sees an opportunity to onboard non-banks as they adopt the FX Global Code.
Sterling Edges Up Ahead of UK Services Data – Reuters
Sterling rose on Friday after suffering heavy losses spurred by fears of a global economic slowdown, but uncertainty about Brexit kept its gains in check.
Yen Slips on US-China Trade Hopes, Still Headed for Best Week in 11 Months – Reuters
The yen edged lower on Friday after its recent surge, amid hopes upcoming US-China trade talks would make some progress, but remained well bid by investors fretting about a global economic slowdown.
Gold Bursts above $1,300 as Slowdown Tremors Spur New Year Rally – Bloomberg
Gold pierced the $1,300 level to extend a New Year rally. Investors flocked to the metal with global equities in retreat, signs of a slowdown stacking up, and the oldest of havens showing its mettle as exchange-traded funds draw in increased flows.