Volatility Spike at the Tokyo Fix Sends Dollar Soaring…and Tumbling

Price action ramped up at this morning’s 9:55am Tokyo Fix as a surge in orders ran into thinner liquidity conditions. The volatility was exacerbated by the fact that this was not only a month end, in Japan it was the fiscal year end fix. A surge of US dollar buying saw it jump sharply, with […]
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Long Spring Journey Under Way: Virus Stays in the Lead

Test results are coming in faster and in greater numbers Monday from areas like New York where the ravaging corona virus is already killing people, and at the front lines elsewhere the governors, the county executives and mayors are increasingly facing up to the fact it’s coming for them. The day’s Corona Virus Task Force […]
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Mainbloq, TradingScreen, Enter Crypto Partnership

Order and execution management system (OEMS) provider TradingScreen (TS), has signed a strategic partnersip with digital currency trading platform Mainbloq, to integrate former’s TradeSmart with the latter’s cryptocurrency trading technology. Driving the partnership, the firms say, is increasing demand among the buy-side to trade multi-asset classes via one centralised platform, enabling greater operational efficiencies and […]
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RBI Opens NDF Trading to Onshore Banks

The Reserve Bank of India (RBI) has announced that as of June 1, onshore banks will able to transact in the Indian rupee (INR) NDF market. The announcement was made as part of a raft of measures by the central bank as it strives to cope with the Covid-19 pandemic. Noting that the offshore INR […]
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Scott Joins 24 Exchange

Alan Scott has joined FX ECN 24 Exchange as managing direct for EMEA. Based in London he moves from a role as CEO and founder of SmartMoney Dealing Solutions, prior to which he ran enterprise solutions for Integral Development Corp, having joined that firm from 360T where he was global head of product and liquidity […]
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Gergely Joins 360T

Tibor Gergely has joined 360T in London as head of spot FX strategy. He will report to Simon Jones, chief growth officer of 360T and follows the hire earlier in march of Gavin Wells as head of FX swaps strategy. Gergely joins after nearly three years at Unicredit where he was most recently head of […]
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White House Watch: In Some Sense its Only Day Three

The worsening of the virus spread and intensity is a treacherous path that is finally heading toward an intersection with a more promising US response Sunday, very late but finally getting underway. Not that the next two weeks and maybe longer won’t be very grim. A chastened President Trump told his Sunday night briefing audience […]
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Basel III Implementation Gets Deferral

The Basel Committee’s oversight body, the Group of Central Bank Governors and Heads of Supervision (GHOS), has endorsed a set of measures to provide additional operational capacity for banks and supervisors to respond to the immediate financial stability priorities resulting from the impact of the coronavirus disease (Covid-19) on the global banking system. “It is […]
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February Real PCE Up 0.1% but March Plunge to Come

Real Personal Consumption Expenditures rose by 0.1% in February, a second straight gain and a positive for first quarter consumption and GDP, the Commerce Department reported Friday. Unfortunately, it won’t stay that way, as social distancing will cut severely into March PCE, enough to more than offset the modest gains in the first two months […]
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StanChart Creates Financing Unit Within Financial Markets

Standard Chartered has announced that it is combining securities services (currently within transaction banking) with portfolio risk management in the financial markets business to form a new financing and securities services unit. Margaret Harwood-Jones, currently global head of securities services, will co-head the new unit with Emmanuel Ramambason, currently global head of portfolio risk management. […]
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