Oanda Partners with FairXchange

Oanda has selected FairXchange to provide the firm with independent execution analytics. As part of the deal, FairXchange will provide Oanda with access to its Horizon platform, which offers tools and techniques that help users manage and optimise their e-FX business. Horizon, which was reviewed by Profit & Loss last year, is designed to facilitate […]
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US Agencies Slap Interactive Brokers with $38 Million Fine

Three US regulators, the Commodity Futures Trading Commission (CFTC), Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) have filed and settled charges against Interactive Brokers and fined the firm $38 million, for failing to diligently supervise the handling of customer trading accounts, as well as failing to adequately implement procedures to […]
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Trump Defers Payroll Tax, Extends Evictions Moratorium

Combining campaign promises with executive orders of questionable legality, President Trump Saturday said he is deferring payroll tax collections through the end of the year for pay of $100,00 or less and if re-elected, will “terminate” the tax. In his second televised appearance at his Bedminster golf resort within 24 hours, Trump signed four executive orders […]
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TP Icap Reports Increased H1 Revenues

Inter-dealer broker TP Icap has unveiled a 7% increase in revenue on a reported basis for H1 2020 at £990 million. Underlying profitability was 1% higher, however this was knocked lower by a £10 million charge due to untaken annual holiday leave by its staff – this will be reversed next year. The increase was […]
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US Initial Claims Decline, But Outlook Remains Unclear

As US Congress debates the fate of the extended jobless claims program, initial claims fell by 249,000 in the August 1 week to a level of 1.186 million, well below the 1.442 million level expected and the lowest weekly level since the start of COVID-19. The enhanced Federal unemployment payments of $600 per week ended […]
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Corporate FX Hedging: Do Treasurers Have the Tools They Need

In this article, commissioned by Bloomberg, Ken Monahan, senior analyst, market structure and technology at Greenwich Associates, takes a look at the tools available to corporate treasurers when hedging their FX risks and asks, ‘do they have the tools they need?’ Corporations are among the most important customers of FX trading desks. Given that trade […]
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MAS Unveils SORA Transition Support

The Monetary Authority of Singapore (MAS) has announced several initiatives to support the adoption of the Singapore Overnight Rate Average (Sora), which is administered by MAS. Given Sora’s growing importance as a key interest rate benchmark in Singapore dollar financial markets, MAS explains the initiatives aim to catalyse greater activity in Sora markets, safeguard the […]
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Appeal Court Decision Provides New Avenue for Johnson Defence

A recent precedential decision by the US Court of Appeals’ Second Circuit has possibly opened a door for former HSBC FX trading head Mark Johnson to have his conviction overturned. Johnson has separately filed to the US Supreme Court to have that court listen to an appeal against the judgement on eight counts of wire […]
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FMSB Investigates Role of Machine Learning in Market Surveillance

The FICC Market Standards Board (FMSB), has published its latest Spotlight Review, which looks at the impact of machine learning on market surveillance functions as part of the broader challenges facing institutions as they establish oversight frameworks. It argues, “Machine learning could lead to fundamental changes in market surveillance given its ability to process complex, […]
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Mrkts Teams Up with OSL

Order and execution management system (OEMS) provider Mrkts has teamed up with Asian digital asset platform OSL to launch two services, OSL Exchange and OSL intelligent request for quote (iRFQ). The two services connect directly into Mrkts, which is TradingScreen’s OEMS and allows institutional investors to price, buy and sell the top digital assets by […]
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