Initial Claims Double from Previous Week to Record 6.648 Mln Continuing layoffs and administrative backlogs will lift initial claims to new record highs for the next several weeks before the flow of new filings finally slow. This week, the level of new claims was double last week’s, adding to the overall number receiving benefits. The […]
Refinitiv has announced the findings of its ‘A New Dimension of Data – Building an Open and Trustworthy Alternative Data Ecosystem report in collaboration with Open Data Institute (ODI), within which the firm has called for greater industry standardisation around the collection, distribution and use of alternative data (alt data). The report was written using desk […]
Trading platform 24 Exchange has announced it now operates in accordance with the principles of the FX Global Code. The firm has signed a Statement of Commitment, pledging adherence to the Code, which was established in 2017 by the Global Foreign Exchange Committee, saying that its executive leadership will ensure all of the company’s operations […]
CME Group has announced changes to the way it calculates the fixing prices for 13 of its dollar-based FX option contracts. Currently CME calculates the fixing rate using three trades across its platforms in the one minute prior to 9am CT on a weighted basis. This is being increased to 20 trades from April 19, […]
Glue 42, a firm that delivers integrated desktop experiences to financial institutions, has released Glue42 Core, an open-source, fully functional platform for web application interoperability. The solution is available immediately to all in the financial services industry and those in other sectors, the firm says. The solution is based on Glue42’s interoperability platform Glue42 Enterprise, which […]
Clearing house LCH has announced that Yutaka Imanishi has been appointed head of Japan effective immediately. Based in Tokyo, he reports to Kate Birchall, head of Asia Pacific for LCH. Imanishi is responsible for LCH’s business in Japan, including the CCP’s office in Tokyo. LCH is licensed in Japan for offering clearing services for non-Yen […]
We should not be blind-sided by the relative calm at this week’s quarter end WM Fix, the fact is FX market conditions are as bad as I can remember them in my almost 43 years in the industry – and that includes countless multi-big figure days (or hours sometimes). The difference when those conditions hit […]
What’s become a literal American deathwatch was a grinding slog on Wednesday with whatever major progress being made behind the scenes obscured by the questions on why progress is not faster. The evening’s Corona Virus Task Force briefing seemed more bogged down with vague answers rather than being illuminated by fresh information, perhaps an inevitable […]
Boston Federal Reserve Bank President Eric Rosengren opposed the pre-crisis rate cuts and now he is being proven right, the pandemic’s effects will be worse than otherwise because the Fed had less ammunition while some individuals and firms accumulated too much low-interest debt, he said Wednesday. “If this continues for some time and there’s some […]
