The quarter end WM 4pm Benchmark Fix passed off without the type of incident seen at the Tokyo Fix earlier in the day, but dealers are scratching their heads about what happened in the minutes leading up to the five-minute window that spans 4pm London. The expectation was for strong US dollar demand going into […]
Conference Board’s Measure Echoes Michigan Sentiment The Conference Board’s US consumer confidence index fell in March to a reading of 120.0 from 132.6 in February, another indication that COVID-19 had severely impacted the psyche of consumers in just a few weeks, the Conference Board reported Tuesday. The report, based on a sample through March 19, […]
The Depository Trust & Clearing Corporation (DTCC), which provides post-trade infrastructure, today announced the election of two new members to its Board of Directors during the firm’s annual shareholders meeting. The new directors are Deborah Cunningham of Federated Hermes, and Craig Messinger of Virtu Financial. Cunningham is a chief investment officer of global liquidity markets at Federated Hermes. She joined Federated in 1981 […]
Price action ramped up at this morning’s 9:55am Tokyo Fix as a surge in orders ran into thinner liquidity conditions. The volatility was exacerbated by the fact that this was not only a month end, in Japan it was the fiscal year end fix. A surge of US dollar buying saw it jump sharply, with […]
Test results are coming in faster and in greater numbers Monday from areas like New York where the ravaging corona virus is already killing people, and at the front lines elsewhere the governors, the county executives and mayors are increasingly facing up to the fact it’s coming for them. The day’s Corona Virus Task Force […]
Order and execution management system (OEMS) provider TradingScreen (TS), has signed a strategic partnersip with digital currency trading platform Mainbloq, to integrate former’s TradeSmart with the latter’s cryptocurrency trading technology. Driving the partnership, the firms say, is increasing demand among the buy-side to trade multi-asset classes via one centralised platform, enabling greater operational efficiencies and […]
The Reserve Bank of India (RBI) has announced that as of June 1, onshore banks will able to transact in the Indian rupee (INR) NDF market. The announcement was made as part of a raft of measures by the central bank as it strives to cope with the Covid-19 pandemic. Noting that the offshore INR […]
Alan Scott has joined FX ECN 24 Exchange as managing director for EMEA. Based in London he moves from a role as CEO and founder of SmartMoney Dealing Solutions, prior to which he ran enterprise solutions for Integral Development Corp, having joined that firm from 360T where he was global head of product and liquidity […]
Tibor Gergely has joined 360T in London as head of spot FX strategy. He will report to Simon Jones, chief growth officer of 360T and follows the hire earlier in March of Gavin Wells as head of FX swaps strategy. Gergely joins after nearly three years at Unicredit where he was most recently head of […]
The worsening of the virus spread and intensity is a treacherous path that is finally heading toward an intersection with a more promising US response Sunday, very late but finally getting underway. Not that the next two weeks and maybe longer won’t be very grim. A chastened President Trump told his Sunday night briefing audience […]
