FX shines through as the only asset class which has generated increased volume for KCG during June, as all other trading activity dwindled month-on-month.
Read moreThe global OTC market for gold, silver, platinum, palladium and other precious metals is centered in London, with wholesale bullion banks trading millions of ounces daily. Precious metal prices are at a pivot point as central banks have become trapped within their own interest rate policies which affect its perceived value relative to paper money.
Read moreHFT and algorithmic trading on single-dealer institutional platforms is alive and prospering as Traiana adapts CreditLink to cater to requirements.
Read moreThe globally minded Financial Services Board, the G20's consultative go-to for all things financial, which is chaired by Mark Carney, Governor of the Bank of England released final recommendations and conclusions on cleaning up FX benchmarks and rate fixes. The way it stands in its current form has embroiled in scandal many investment banks and…
Read moreMAR broadens reach of rules to new products, venues and trading techniques
Read moreAfter a year of legal proceedings, the OS has taken action against Canadian Ponzi scheme operators which bilked customers out of funds, promised unrealistically high returns, with most of the funds having been misappropriated.
Read moreIs the honeymoon with investors over for the AIM-listed former stock market darling?
Read moreMany FX firms consider the acquisition and retention of Chinese FX traders to be a high priority. China now permits traders to keep their profits on investments abroad rather than having to repatriate it within 180 days, an advantageous development for western companies.
Read moreA quick note on the sentiment of traders coming from futures data from the CME reported by the CFTC. Traders are bearish EUR, JPY and CHF, with net positions of ‐$10bn, ‐$8bn and ‐$1bn, respectively and bullish GBP, AUD, MXN, NZD and CAD; with net positions of $4.5bn, $3.4bn, $2.7bn, $1.3bn and $1.0bn. However, Camilla Sutton, Chief FX strategist at Scotiabank commented that this week’s data is interesting as it provides the first warning signal for EUR bears and GBP bulls as the EUR short position failed to build and traders began to close out GBP longs. These crowded positions in EUR and GBP could signal an uptick in trading activity this week as there…
Read moreIn today's highly competitive copy trading arena, the drive toward platform agnosticism is paramount.
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