Ashton’s claim of whistleblowing against Barclays, where he was formerly head
of spot FX voice trading, is “absurd”, according to Justin Bull, the bank’s former
global chief operating officer.
Bull - who co-chaired Ashton’s disciplinary
The FX industry proved resilient in the
wake of the volatility caused by the Brexit vote while also illustrating the
changing nature of liquidity within the market, according to speakers on a Profit & Loss webinar last week.
“One of the ...
Cable has fallen below 1.3000 for the first
time since June 1985 in early Asian trading, hitting a low of 1.2950. The
selling is a continuation of the downtrend triggered by the continued fallout
from the UK’s vote to leave the European ...
Britain’s decision to leave
the European Union (EU) will have little or no impact on ISDA agreements, legal
experts said on a webinar last week.
Speaking about the
impact of the Brexit decision on the legal framework for derivatives ...
The Mexican peso is expected to underperform
most of its peers in the emerging markets, according to a survey of FX
corporate and sales executives, traders and strategists attending Bloomberg’s
FX16 Symposium found.
Out of more than 120 respondents, some
Scott O’Malia, CEO of
the International Swaps and Derivatives Association (ISDA) has issued an online
post calling for regulators to realign the global implementation deadline for
the forthcoming rules on non-cleared derivatives margining requirements.
originally agreed to ...
Thomson Reuters and Hong Kong Exchanges and Clearing Limited have launched a series of RMB indices, measuring the intraday performance of the currency against mainland China’s most relevant trading partner currencies.
The primary index measures the performance of the ...
The liberalisation of China’s capital
account may prove to be one the key moments in the financial development of the
21st century. For some time now, many have predicted that this will
ultimately become known as the Asian Century. ...
At Profit & Loss’ Forex Network Latin
America conference economic experts debated the future of the region and
whether internal or external factors are most likely to have the biggest impact
on foreign exchange rates.
Bob Savage, CEO of
Despite the avowed
intention of Chinese authorities to measure the daily trading band for RMB
against a basket of currencies, a new research report suggests that it is still
very much tied to the US dollar.
The report, published