Market Associations Stress the Importance of Keeping Markets Open

A group of financial market trade associations have issued a statement highlighting the importance of keeping US markets open. There have been suggestions in some quarters that the authorities may seek to curb the excess volatility of recent weeks by curtailing trading hours or even closing markets. The associations are; the Managed Funds Association, US […]
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Currency, Crypto, Managers Outperform in February

Data from BarclayHedge shows that while CTAs generally returned -0.31% in February, currency and crypto managers were the strongest performers, achieving positive results. The BarclayHedge Currency Traders Index was up 2.2% in February with 85% of funds reporting results, this means the Index is up 3.45% for the first two months of 2020, the second […]
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FSB Issues Review of Mexico’s OTC Derivatives Reforms

The Financial Stability Board (FSB) today published its peer review of Mexico, which examined the implementation of the G20 commitments on over-the-counter (OTC) derivatives. Mexico’s OTC derivatives market is relatively small from a global perspective, but is the largest in Latin America. The market has a substantial cross-border component, with foreign banks being important players, the […]
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Canada Plans CAD 82 billion in Pandemic Relief Package

Canada is promising $82 billion in financial relief to soften the blow of the pandemic crisis that is causing massive upheaval and uncertainty in this country and around the world. Prime Minister Justin Trudeau announced Wednesday that his government would provide up to $27 billion in direct support for Canadian workers and businesses impacted by […]
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‘War-Time’ President Takes Control of Factories

White House Watch: Congress in focus as virus aid measure proposals balloon, while ‘Depression’ becomes the new watchword as deterioration deepens. What seemed premature and too extreme one day turns into coronavirus response moves that appear to be too late the next day, and Congress grappled Wednesday with the challenge of keeping up with a […]
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CFTC Extends Relief for UMR

Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert today released a statement outlining the commission’s unanimous vote last night to finalise a one-year extension of the initial margin compliance deadline for market participants with the smallest uncleared swaps portfolios. “I am committed to ensuring that initial margin remains a core risk-mitigating component of the global […]
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FIA Announces New Board Members

FIA today announced the election of new directors to its board at the annual board of directors meeting. The board added Paul Anderson of Deutsche Bank, Samina Anwar of Cargill, Kari Larsen of Perkins Coie, John Murphy of Mizuho Securities USA, and Jamila Piracci of Roos Innovations. The Board also confirmed the following officers: chairman, Jerome Kemp, […]
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Tips on How to Survive Working from Home

This is not a typical Profit & Loss article, but we thought it may come in useful as people transition to what will be a new normal for many for the foreseeable future. With the world in the clutches of Covid-19, and people around the world being told to stay home, millions of us are […]
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CFTC Praised for Relief to Market Participants

The Commodity Futures Trading Commission (CFTC) has issued a raft of no-action letters granting market participants relief from several regulatory requirements. The CFTC’s Division of Swap Dealer and Intermediary Oversight (DSIO) issued the letters providing temporary, targeted relief to futures commission merchants (FCMs), introducing brokers, swap dealers, retail foreign exchange dealers, floor brokers, and other […]
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Oanda Launches MetaTrader5 Platform in Japan

After introducing the platform in December 2019 on a demo basis, Oanda says its Japanese clients can now trade with the firm on a new MetaTrader5 platform. The firm says the platform, which enbales it to offer multi-asset class trading as opposed to CFD or single asset class trading on MT4, will be rolled out […]
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