FMSB Paper Calls for Further Data Standardisation

The second Spotlight Review published by the FICC Markets Standards Board (FMSB) highlights the important role of data in financial markets and stresses that if markets are to remain stable and trusted, the rapid growth of new technology and of data science must be balanced with ever more effective governance and control. The latest paper […]
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Latest Profit & Loss Issue Now Live

The latest issue of Profit & Loss magazine is now live, click here to access it. In this issue we review the single dealer platform industry and discuss the latest innovations and ideas therein, as well as present the 2020 Digital FX Awards in full. FX market conditions are also in the spotlight as we […]
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FMSB Paper Looks at Algo Model Risk

The FICC Markets Standards Board (FMSB) has published the first in a series of papers called Spotlight Reviews, which looks at emerging themes and challenges  in algorithmic trading and machine learning. The series will consider issues of FICC market structure and the impact of regulatory and technological change on the fairness and effectiveness of wholesale […]
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Execution Methods in Focus as Eyes Turn to Tricky Month End

Even though liquidity conditions in FX markets remain sufficiently robust to ensure a reasonably functioning market, sources say that different mechanisms are now being seriously considered – especially as the market eyes what could be a tricky quarter end benchmark Fix on Tuesday (March 31) – a time when volumes submitted for fixing are significantly […]
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Liquidity Thins Out as Conditions Take Toll on FX Market

Conditions in FX markets are deteriorating steadily according to market sources as liquidity providers (LP) ration precious resources and battle widespread shut downs of offices. Spreads, which have been gradually widening over the past few days, have continued to do so Monday with dealers reporting top of book spreads on FX platforms anywhere from between […]
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FX The “Oasis of Relative Calm” in Markets as Analysts Ponder Next Moves

A series of coordinated central bank actions around the world has failed to stave off another collapse in equity markets with volatility spiking once again and several indices down more than 5% on the day. The Federal Reserve cut rates by 100bp on Sunday and promised further QE initiatives, it also suggested in its forward […]
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An Earnest President Trump Gets Serious

White House Watch discusses the latest moves by President Trump to combat the spread of Covid-19. [UPDATED 13:00]: President Trump, his breezy rally personality put aside, addressed the nation Wednesday night to lend gravity to the warnings that Americans must urgently prepare for the increasingly serious threat of the dangerous coronavirus, saying he is blocking […]
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Will CBDC Play a Role in Retail Payments, Settlements?

At the Future of Payments Forum hosted by the Bank of Japan (BoJ) in Tokyo last week, deputy governor, Masayoshi Amamiya, presented his views on Central Bank Digital Currencies (CBDCs) and the future of payment and settlement systems as they pertain to retail payment services. Recent private sector initiatives, including stablecoins, indicate customers’ need for […]
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Building Institutional Adoption of Crypto

Sponsored content Cryptocurrency performance continues to attract attention from institutions such as banks, hedge funds, asset managers and family offices. In fact, dedicated cryptocurrency funds returned more than 16 per cent in 2019, according to a survey from Eurekahedge, which contrasts with a traditional hedge fund strategy yield of 10.4 per cent, according to Hedge […]
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pressure

Under Pressure, Fed Apt to Continue Easing

Whatever one may think of the wisdom of the Federal Reserve’s March 3 interest rate cut, it has embarked on a preemptive easing of credit in response to economic threats posed by the corona virus and seems likely to remain on that course. Not only did the Fed’s policymaking Federal Open Market Committee cut the […]
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