September 17, 2014 BY Mike Fox
Moscow warns against panic as ruble plunges to historic lows
The ruble fell past 38 against the dollar on Tuesday as weakness continues...
Read more
September 17, 2014 BY Mike Fox
Swissquote Daily Technical Report: GBP/USD - Approaching the resistance at 1.6340
In Swissquote’s Wednesday short term technical trading report, the research team outlines the major technical levels of popular currency instruments with forecasts, below is the outline for GBP/USD and GBP/JPY. To view and download the entire report, click here (PDF). GBP/USD: Approaching the resistance at 1.6340 • GBP/USD is getting closer to its resistance at…
Read more
September 17, 2014 BY Andrew Saks-McLeod
IG Group experiences three month hit in revenues as it pours resources into Swiss regulation
Despite a 9% decrease in combined revenues over a sustained period, IG Group starts its financial year by investing in Swiss licensing and refining its stockbroking service, with the firm maintaining greater presence in UK and Europe rather than Asia Pacific, reflected in its revenues
Read more
September 17, 2014 BY Andrew Saks-McLeod
Legacy of Operation Tabernula: UK law enforcers shift away from insider trading and onto FX manipulation
The ongoing international probe into alleged FX benchmark manipulation is drawing heavily on the resources of regulators and lawmakers. Has the FCA turned a blind eye to insider trading as a result?
Read more
September 17, 2014 BY Andrew Saks-McLeod
Australia strengthens its FX trading ties with Asia Pacific with MOU on trade repositories
Whilst American trade repositories seek recognition in Europe in order to serve London's requirements post-EMIR, ASIC signs an MOU with the Monetary Authority of Singapore to allow bilateral use of trade repositories between the two nations, a clear hint toward Australia's APAC aspirations
Read more
September 17, 2014 BY Mike Fox
CME Group reports open interest record for FX futures and options
Forex open interest stands at 2.6 million contracts; $309 billion in notional value
Read more
September 17, 2014 BY Mike Fox
FXBeat closes its doors...
FXBeat closes its doors (*here is the note left on it's website). Thank you, After one year of growing our product and community, we're sad to announce that we are closing our doors next October, 15th. We can't express enough how grateful we are that you believed in us and found value in the product we…
Read more
September 16, 2014 BY Mike Fox
Phil Weisberg: Evolution of a Market Structure
Phil Weisberg, Global Head of FX Thomson Reuters opines on the Forex industry from increased regulation and public scrutiny to a fall in volume, also saying the market is caught in headwinds that will drive major structural changes...
Read more
September 16, 2014 BY Mike Fox
Calypso Collateral Management Solution successfully implemented at LCH.Clearnet
Calypso Technology, Inc., a leading provider of crossasset front-to-back technology solutions for financial markets, announced today LCH.Clearnet Ltd and LLC have completed the project to introduce the Calypso Collateral Management solution to their Collateral and Liquidity Management (CaLM) offering. With this development, LCH.Clearnet is able to deliver further processing efficiencies with automated, real-time Collateral Management…
Read more
September 16, 2014 BY Mike Fox
Thomson Reuters reporting spot FX volumes up 8% in August
Thomson Reuters reported their FX volumes today, with spot FX ADV volumes coming in at $107 bln, up from July's $99 bln, for an 8% jump MoM. August 2013's spot FX ADV stood at $111 bln, a 3.6% decrease YoY. Other volumes which includes the Thomson Reuters SEF platform and forwards, swaps, options and non-deliverable…
Read more