Day: 6 May 2020

Further FX Platforms Report ADV Drop in April

Following the first group of platforms to report average daily volume for FX markets in April, the primary venues as well as FXSpotStream and Integral have also posted month-on-month declines – the latter two saw year-on-year increases, however for the primaries there were drops. Refinitiv says that spot FX ADV across its platforms was $79 […]

US Treasury to Lift Auction Sizes

The US Treasury plans to raise the sizes of all its nominal securities auctions to meet the pressing fiscal need of the COVID-19 crisis, their quarterly refunding statement released today showed. On Monday, Treasury announced that it expects to borrow $3 trillion in the current quarter, much larger than any single quarter in history, to […]

Why Fixate on Facts – or ‘Facts’

The Corona Virus Task Force has done its job and the new projections of virus death tolls are so high because they assume no further mitigation efforts. Facts? Who are we to question high officials? Why does anyone question anything? Profound questions – about questions – which probably relate somehow to survival of the species. […]

ICBC Standard Joins BidFX as LP

ICBC Standard joined BidFX as the newest liquidity provider on the platform. Roger Lee, BidFX’s head of EMEA sales, says: “As the latest BIS survey on FX indicates, currencies of emerging market economies (EMEs) are gaining market share, reaching 25% of overall global turnover. To that extent, it has become increasingly evident that electronic provision of […]

Fed Officials Look for Economic Recovery this Year

Federal Reserve Vice Chair Richard Clarida Tuesday said recovery from the economic shutdown “can commence in the second half”, while St Louis Fed President James Bullard said he sees the fourth quarter as when the virus can be put “behind us”. Both Fed policymakers stressed that there are many unknowns about the pandemic and that […]