OTC Derivatives Data Highlights Impact of Regulation on Turnover

The latest semi-annual survey of OTC derivatives markets by the Bank for International Settlements (BIS) offers another insight into the impact of regulation on market activity. The survey finds that notional amounts of OTC derivatives activity at end-December 2019 was 2.7% higher year-on-year at $559 trillion, however seasonal factors meant that it was down from […]
Read More »

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 […]
Read More »

‘Operation Warp Speed’ and the Contact Tracers

Like everything having to do with Covid-19, the US will likely be way late in having enough contact tracers in place, ready to pounce on every new case of infection to isolate those who spent some time close to anyone tested positive. Listening Thursday to New York Governor Andrew Cuomo and his description of how […]
Read More »

R3 Powers Italian Banks’ Blockchain Settlement System

Thirty-two banks in Italy have gone live with one of the first real-world deployments of enterprise blockchain technology in interbank financial markets. The Spunta Banca DLT app for interbank reconciliation has been built by the Italian Banking Association (ABI) on R3’s Corda Enterprise platform. “This heralds one of the most significant real-world digital transformations in […]
Read More »

ACI Unveils New Dealing Certificate

ACI – The Financial Markets Association (ACI FMA) has announced an upgraded to its examination suite with the launch of the ACI Dealing Certificate New Version. The new exam will co-exist with the current ACI Dealing Certificate for a minimum period of six months, the association says, before the latter is discontinued. The exam is […]
Read More »

Declining US Trajectory Does Not Necessarily Mean Declining

The first rule of virus reporting is to focus on what the virus is doing, despite the many distractions from the White House and statehouses, from anti-mitigation demonstrations to progress reports on testing and the chronic complaints of short supplies. On a beautiful Sunday in many parts of the country, more demonstrations and more people […]
Read More »

AFME Finds Europe’s Markets Performed Well

The Association for Financial Markets in Europe (AFME) today released a report on the “Initial Impact of COVID-19 on European Capital Markets”, which found that markets “continued to play their role in providing liquidity, price formation, timely clearing and settlement procedures, capital allocation and helping investors manage their portfolios”. Stating that FX spot trading rose […]
Read More »

CLS Joins the Record Setting

FX settlement utility CLS is the latest market function to unveil record turnover in March following a raft of platforms doing the same earlier this month. CLS says that it handled $2.194 trillion per day across FX products, with increases in all segments. This represents a 21.1% increase from February and a17.8% rise year-on-year. Spot […]
Read More »

JPM Launches FX Pricing Engine in Singapore

JP Morgan has become the latest FX player to establish an e-FX trading and pricing engine in Singapore as it seeks to speed up execution for clients in the region. It joins a host of trading firms and platforms to set up a presence in the city state as part of a plan announced by […]
Read More »

Trump Sees “Horrible” Next Few Weeks

White House Watch: US President Donald Trump Tuesday night warned the nation that the virus has become a “dark, epic and incredibly horrible” challenge that threatens to kill Americans by the hundreds of thousands. Trump, saying he wants to be a “cheerleader for our country”, nevertheless drew on the most stark and galvanising language of […]
Read More »