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Is FX Sailing into Another Storm? Recent years in FX have been nothing if not challenging, and the future isn’t going to be plain sailing either. That’s if you take the word of James Kemp, managing director of the global FX division at the ...
Analysts Predict Brexit Slump While the UK’s national newspapers suggest that the peoples of both Britain and continental Europe are having a hard time making up their minds about Brexit, there was no evidence of any such ambivalence at yesterday’s Bloomberg FX16 ...
Brexit Will Damage London’s Position in FX World: Poll London’s position as the world’s main currency trading centre would be threatened by a British exit from the European Union, with Frankfurt, Paris, New York and Dublin likely to be the main beneficiaries, according to a survey of ...
FXPA Calls for FX Exemption from SEC Funds' Use of Derivatives Rules The Foreign Exchange Professionals Association (FXPA) has submitted comments to the Securities and Exchange Commission (SEC) on its proposed rules governing the “Use of Derivatives by Registered Investment Companies and Business Development Companies”, calling for an exemption for FX swaps ...
China Considering “Tobin Tax” on FX Trades – Report The People’s Bank of China has drafted rules to impose a financial transaction tax on FX trades, according to a report by Bloomberg News. According to Bloomberg, citing sources with knowledge of the matter, the intent is to help ...
Hayes Blocked from Supreme Court Appeal Tom Hayes, the former Citi and UBS interest rates trader who is serving an 11-year prison sentence over his role in the Libor scandal, has lost his claim to have an appeal heard by the UK’s Supreme Court. A ...
BIS e-FI Study Paints a Familiar Picture A Bank for International Settlements paper studying the electronification of fixed income markets delivers policy challenges and conclusions that will be familiar to e-trading observers in other markets, including the suggestion that electronic trading and market making has changed the ...
RMB Payments Surge in Malaysia Data from Swift’s latest RMB tracker shows that Malaysia’s use of the renminbi for payments with China and Hong Kong has increased by 68% over the past 12 months. Over a three-year period this growth rises to 214%, and during this ...
Taking the Temperature of the FX Industry Profit & Loss, in association with Thomson Reuters, is releasing a survey aimed at identifying the mood in the FX industry. Following the publication of the Good Health in FX supplement last year, the survey – Taking the Temperature of the Foreign ...
ISDA Publishes Paper on EU-US Platform Comparison The International Swaps and Derivatives Association (ISDA) has published a set of principles for achieving comparability determinations between US and European Union trading platforms. The paper analyses the regulatory frameworks in the US and EU, with the aim of determining ...