Former HSBC trader Stuart Scott has won the right to stay in the UK and avoid extradition to the US to face charges of allegedly manipulating currency prices after the UK Supreme Court denied an appeal request submitted by the US.
Emerging Markets: Picking the Winners and Losers – Profit & Loss
Rather than moving in a synchronised manner, speakers at the Profit & Loss Forex Network Chicago conference predicted that emerging market performance has become divergent due to idiosyncratic factors within each country.
Empirically, of course, there is nothing to argue with in this paper, but taking a more subjective stance raises some issues in my mind. In the section on attainment, the paper spends some time highlighting how smaller participants especially cannot attain the Fix, but for the life of me, I don’t understand why that is an issue anyone should be concerned about?
A former Citigroup trader accused of rigging the foreign exchange markets was a “golden boy” in demand at the bank for his knowledge of markets and ability to communicate with others, a former colleague said in his defence.
The European Central Bank is facing serious challenges: rising tensions between Brussels and Rome, doubts about monetary policy and worries about Britain crashing out of the EU without a deal.
Euribor’s administrator is confident that its reforms to the benchmark will make it eligible to be published and used after the Benchmark Regulation’s transition period ends. But don’t bank on it.
Leading MEP takes part in programme’s launch to ‘take the next step’ after UK leaves EU, and promote senior roles for women.
UK Treasury Committee chair concerned about use of private polls to gain market-sensitive data in 2016 referendum.
US equity exchanges’ market data revenues are in the crosshairs. The new SEC administration, with Brett Redfearn as the new director of trading and markets, has taken up the mantle of challenging the exchanges’ market data fees, questioning whether the fees are aligned with the exchanges’ mission of charging fair, reasonable and non-discriminatory rates.
Coinbase Custody has obtained a license under New York State Banking Law to operate as an independent Qualified Custodian.
Cryptocurrencies have come a long way since their early associations with libertarian aversion to government surveillance. Discussion, if not yet concrete application, of digital currencies has permeated banks and other financial institutions.
Robert Paul is one of two directors of crypto derivatives marketplace Seed SEF.
Coinbase, one of the biggest US cryptocurrency trading platforms, said it’s joining a consortium, which includes Circle Internet Financial, that is offering a digital token pegged to the value of the US dollar.
The Oct. 31 effective date is fast approaching for the National Futures Association disclosure requirements regarding virtual currency.
Chief strategy and development officer at CLS, Alan Marquard, discusses the buy-side’s increasingly active role in FX settlement, the importance of the FX Global Code of Conduct for the industry, and provides an update on CLS’s recent blockchain projects.
MarketFactory’s Whisperer is a low-latency API that connects traders to over 80 ECN, bank and non-bank FX venues for market data, trading and market making. Elysium Technology Group’s Mission Control is a cloud-based enterprise solution that enables FX trading operations to automate and optimise middle and back office functions.
The Moscow exchange licenses non-ferrous futures contracts from LME after success with ICE.
Clearing house is “seriously considering” contributing to own default waterfall.
New margin calculator will bring futures, options and swaps under single framework.
The pound rose above $1.29 on Thursday after a show of support for British Prime Minister Theresa May from her Conservative Party dampened fears of an immediate leadership challenge over her Brexit strategy.
The Japanese yen and Swiss franc gained only briefly on Thursday as currency traders showed little reaction to a wave of selling across stock markets, although China’s offshore yuan hit a 22-month low on worries about an economic slowdown.
The euro and the pound made tentative moves higher in morning dealings on Thursday as currency traders shifted their focus to the European Central Bank meeting.
With new US sanctions looming over Russia and the effects of higher oil prices largely already priced in, will the Russian rouble sink or swim as we approach the end of 2018?