Top Headlines

Traders Flee Emerging Markets at Fastest Pace since 2008 – Bloomberg Investors have pulled $40 billion out of developing economies in the third quarter, fleeing emerging markets at the fastest pace since the height of the global financial crisis.

Loss of Central Bank Traction puts Mandates under Scrutiny – Reuters Growing anxiety that the world’s top central banks have lost control of their mission has intensified scrutiny of their mandates.

Singapore Dollar Set for Worst Quarter since 2011 on Easing Bets – Bloomberg Singapore’s dollar is headed for its worst quarterly performance in four years amid speculation the central bank will ease policy as soon as next month to shore up growth.

WTO Cuts Trade Forecasts after Trade Shrinks in First Half of 2015 – Reuters The World Trade Organization cut its forecasts for global goods trade on Wednesday after quarterly growth turned negative.

Liquidity, Volatility Among Pressing Issues in FX – Markets Media In institutional foreign exchange, the core mission of finding the other side of a trade has become more challenging in an increasingly fragmented and fast-moving electronic market.

Eurozone Faces Renewed Deflation Threat as Consumer Prices Fall – Wall Street Journal (subscription) Consumer prices in the eurozone fell annually in September, increasing pressure on the ECB to act.

 

 

Regulatory News

High-Frequency Traders Catch a Break in EU Market-Making Rules – Bloomberg High-frequency traders just caught a break in Europe, where it’s now easier to escape stricter rules for market makers.

UBS Puerto Rico Unit Pays $18.5 million in Finra Settlement – MarketWatch Finra fined UBS AG’s Puerto Rican unit $7.5 million and ordered it to pay $11 million in restitution to clients on Tuesday for allowing customers to borrow against risky Puerto Rican securities.

The Clearing House Takes Aim at CCP Risk Governance – Risk.Net The Clearing House – a New York-based group of 24 US banks – has criticised inconsistencies in the risk governance of central counterparties (CCPs) and called on regulators to impose tougher minimum standards.

CFTC Head Calls for Leverage Ratio Fix – FT.Com (subscription) The head of the main US derivatives regulator has reiterated calls for a softening of bank capital requirements.

 

 

Company News

Thirteen Banks Join R3’s Distributive Ledger Consortium – Profit & Loss R3 has announced that an additional 13 banks have joined its partnership to design and apply distributed ledger technologies to global financial markets.

Hundreds to go as BAML Confronts Austerity – Financial News (subscription) Thomas Montag rose to second in command at Bank of America in large part by making his investment banking units consistently among the firm’s most profitable.

ICE to Start Charging for Data in April 2016 – FOW (subscription) ICE’s plan emerged nearly two years after CME took same decision.

 

 

Market Savvy  

Wall Street Becoming Less Bullish on 2015 – Wall Street Journal (subscription) Wall Street is toning down its bullish outlook after Goldman Sachs and RBC lower their price targets for the S&P 500.

Blockchain: Four Financial Frontrunners – Financial News (subscription) Brainstorming ideas, setting up specialist labs, launching small-scale systems…how four big names in finance are exploring blockchain.

Steen’s Chronicle: Australia – The Opportunity of the Decade? – Saxo Capital Markets Storm clouds over China and Australia will soon lift.

 

 

Press Releases

SmartStream Supports the Rise in Complexity and Volumes for Reconciliations Data – SmartStream SmartStream, the financial Transaction Lifecycle Management (TLM) specialist, today announced the release of TLM Reconciliations Premium v.2.5

Ancoa Trade Surveillance Integrates Twilio Cloud-Based Communications Platform – Ancoa Ancoa, providers of contextual surveillance and insightful analytics for exchanges, regulators, buy and sell-side firms, today announced the successful integration of Twilio, the leading cloud communications platform.

 

 

Industry Events

SEFCON VI, 26 October in New York, NY Forex Magnates’ London Summit, 2-3 November in London, UK FIA Expo 2015, 3-5 November, in Chicago, IL Profit & Loss Shanghai, 12 November in Shanghai, China Profit & Loss Singapore, 19 November in Singapore 11th Annual FIA Asia Derivatives Conference, 8-10 December in Singapore