July 21, 2014 BY Mike Fox

Singapore launches "Trading Atrium" to attract foreign firms

Singapore has launched a new trading platform to attract companies that have interest in moving eastward, called the Trading Atrium, it offers Asia's first multi-asset, broker-neutral trading facility to proprietary trading firms and hedge funds. The platform is set up by Neo & Partners Global, a Singapore enterprise specializing in smart electronic trading solutions. The…

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July 21, 2014 BY Mike Fox

BNP Paribas: We remain short EUR/GBP

BNP Paribas, the French investment bank has given their updated near term outlook on the EUR/GBP cross. They believe pressure is on the BOE to bump up rates, is this the beginning of the cycle for higher interest rates which can lead to some normalcy? If so, this eventually can allow for government's to get…

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July 21, 2014 BY Mike Fox

Report: China’s RMB swiftly developing as major world currency

China's renminbi (RMB) is on track to become the third-largest international currency behind the US dollar and the euro within five years as the eastern nation accelerates promotion of its unit, says a study. Last year, RMB cross-border trade settlement amounted to 4.63 trillion yuan ($746 billion), up 57.5% from 2012. It accounted for 2.5%…

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