Day: 7 July 2020

Fed Presidents See Huge Pandemic-Caused Challenges

The presidents of the Richmond and San Francisco Federal Reserve Banks Tuesday saw huge challenges ahead as government virus response programs ebb, landlords without rent payments pressure banks, displaced workers stay unemployed, and customers get less enthusiastic about visits to bricks and mortar establishments as the pandemic hangs on. Richmond Bank President Tom Barkin saw […]

CME Rolls Out C-Cross for FX Link

CME Group is to roll out its Committed Cross (C-Cross) functionality to FX Link. Subject to regulatory approvals the change is due to go live on July 27 meaning FX market participants will be able to communicate pre-execution to agree details of a transaction, including size, price and direction. Unlike block trades which are negotiated […]

Fed’s Bostic: High Frequency Data Show Economy Levelling Off

Recent high frequency economic data suggest the recovery is slowing as virus infections rise, Atlanta Fed President Raphael Bostic said Tuesday. Bostic, in webinar remarks to the Tennessee Business Roundtable, said the economy is rebounding from its depths in the first part of the second quarter, but “more recent economic data show the upward trajectory […]

First Derivatives Hires Collins

First Derivatives has named David Collins as managing director, managed services and consulting. He will report to Seamus Keating, CEO of the firm, and will have global responsibility for all aspects of First Derivatives’ managed services and consulting operations. Collins started his career in banking, spending 10 years in derivatives trading at DLJ, BNP and […]

Trad-X Adds Two to IRD CLOB

Interest rate derivative trading platform Trad-X has added UniСredit as a dealer and Actiam as a non-dealer to its dealer-to-client (D2C) electronic central limit order book (CLOB), highlighting, the firm claims, the growing momentum behind the model in Europe UniCredit will join existing dealers JP Morgan, BNP Paribas and Commerzbank in providing liquidity to non-dealers. […]