Month: June 2016

BoE Expects Monetary Policy Easing in Summer: Carney

The Bank of England (BoE) is expecting that some “monetary policy easing will likely be required over the summer” as the “economic outlook has deteriorated” on the back of the UK voting to leave the EU, the BoE governor Mark Carney said in a speech today at the Bank. In addition, “in order to support […]

Scandis Under Pressure from Brexit, but Risk Appetite Coming Back

Risk aversion generated by the Brexit vote has seen Scandinavian currencies more than others coming under pressure along with sterling. In particular, the Norwegian krone and Swedish krona have been hit by the downward trend. However, market analysts contacted by P&L suggest the move might not last. “The NOK acted similarly as other ‘risky’ currencies […]

Markets Standards Board Publishes First Draft of FICC Standards

The Financial Markets Standards Board (FMSB), established in the wake of last years Fair and Effective Markets review (FEMR) process in the UK, has published its first draft standard aimed at improving conduct in FICC markets. The FMSB’s work started last year and was initially aimed at all FICC markets, however since the Bank for […]

Overbond Extends into Primary Bond Market

Toronto-based Overbond, a fintech entrant into the new bond issuance market, has launched an end-to-end platform and support framework for primary bond origination. The fully-digital platform for primary bond issuance provides, the firm says, higher transparency, better price discovery, and investor diversification for all counterparties in the primary bond market. The company further claims it […]

Post-Brexit Uncertainty Dominates Markets

Continued market uncertainty following the UK’s vote to leave the European Union vote has led to a flight to safe haven currencies and raised questions about the future of financial regulation, although corporates appear to be coping well with the volatile trading environment. On one hand, in FX markets so-called “safe haven” currencies continue to […]

And Another Thing…

I don’t think there is anyone out there who doesn’t think the FX market performed well under the stress of the surprise outcome from the UK referendum last week, but I suspect the real test is only just starting. Don’t get me wrong, this is not one of my contrarian columns that will say the […]

Non-Bank LPs Prove Their Worth During Brexit Volatility

Following the results of the UK referendum decision to leave the European Union last week the common consensus amongst FX market participants has been that the biggest surprise – apart from the result itself – was how well the FX market handled the resultant volatility. “Two months ago if you’d told me that we’d have […]

Non-Bank LPs Prove Their Worth During Brexit Volatility

Following the results of the UK referendum decision to leave the European Union last week the common consensus amongst FX market participants has been that the biggest surprise – apart from the result itself – was how well the FX market handled the resultant volatility. “Two months ago if you’d told me that we’d have […]

TradAir Inks Deal with Singapore-Based Firm

TradAir, a front office technology provider, has signed a contract to supply UOB Bullion and Futures (UOBBF) with its platform for trading leveraged FX, non-deliverable forwards and precious metals. UOBBF is the Singapore-based brokerage arm of United Overseas Bank Limited. “The platform provides UOBBF’s clients with access to deep levels of FX liquidity, sourced from […]

Mexican Peso May Lag Peers: Survey

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 57% said that “the peso (MXN) will continue to lag against its emerging market counterparts […]