IS Prime Gets Hong Kong Licence

IS Prime Hong Kong, part of ISAM Capital Markets, has been granted a Type 3 Leveraged Foreign Exchange Trading licence by the Securities and Futures Commission (SFC) in Hong Kong. The licence enables the firm to offer leveraged FX trading services to institutional professional investors. The named Responsible Officers are Will Robbins, head of Asia […]
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US Treasury Rescinds China “Currency Manipulator” Label

The US Treasury has determined that China should no longer be designated as a currency manipulator. In a new report, Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States, the Treasury cites economic reforms and commitments from China to refrain from devaluing the renminbi (RMB) as the reasons for this decision. […]
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Invast Global to Hold Global Charity Day for Australian Bushfire Crisis

Australia-based prime broker, Invast Global, will donate 100% of the trading commissions generated on Friday, January 31st, to the New South Wales Rural Fire Service (NSW RFS). The donation will directly benefit volunteer firefighters and families who have lost their homes to the horrific bushfires, the company says. Australia is currently experiencing its worst ever […]
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CFTC Provides Relief to Market Participants Transitioning Away from Libor

Three divisions of the US Commodity Futures Trading Commission (CFTC) have announced that each has issued a no-action letter that provides relief to swap dealers and other market participants as it relates to the industry-wide initiative to transition from swaps that reference the London Interbank Offered Rate (Libor) and other interbank offered rates to swaps […]
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ISDA Launches Another Ibor Consultation

The International Swaps and Derivatives Association (ISDA) has launched a supplemental consultation on the spread and term adjustments that would apply to fallbacks for derivatives referencing euro Libor and Euribor in the event those benchmarks are permanently discontinued. This represents the fourth consultation on the issue by ISDA in recent years and will also cover technical […]
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Crisil Buys Greenwich Associates

S&P Global-owned analytics company Crisil has bought market infrastructure research and strategy firm Greenwich Associates, the terms of the deal were not disclosed. Crisil says the acquisition will complement its existing portfolio of products and expand offerings to new segments across financial services including commercial banks and asset and wealth managers. It adds it will […]
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ACI to Update Exam Suite

ACI – The Financial Markets Association (ACI) has announced it will be updating its examination suite with all new syllabi. This first exam to be updated will be the ACI Diploma for senior foreign exchange and money market dealers, corporate and bank treasurers and senior operations staff. ACI says the diploma “has long been a […]
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Sterling Jumps on UK Poll – More to Come?

Sterling has had one of its strongest days for several years, climbing almost 3% versus the dollar following the release of an exit poll from the UK general election signalling a large majority for the ruling Conservative Party. Cable jumped to 1.3330 from 1.3170 on the release of the poll, before climbing higher to 1.3510, […]
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Liquidity Holds Up Well as UK Exit Poll Surprises

Market sources say that liquidity in FX markets has held up well following the shock exit poll from the UK general election indicating a much bigger majority for the ruling Conservative Party than expected. Cable jumped from 1.3170 to 1.3350 immediately following the poll, but has since climbed steadily to 1.3500, while EUR/GBP fell from […]
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BIS Report Highlights Shift in FX Trading Styles

The latest Bank for International Settlements (BIS) Quarterly Review provides execution method data relating to the recent Triennial Survey of FX Turnover and finds that while e-ratios generally are stable there have been some significant shifts in the channels handling the volume. Perhaps significantly, the report also picks up on what the authors says are […]
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