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LATEST ARTICLES
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Delegates at this year’s IMF/World Bank meetings are managing to look beyond macro concerns to present a more upbeat tone.
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As the complexities of charging for fixed income research become more apparent, many asset managers are deciding to pay for it and equity research themselves, but with just four months to go, they are no closer to knowing how much this will cost.
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As JPMorgan’s head of markets execution, David Hudson has an ambitious mandate to bring technological innovation and a willingness to fail to the heart of the investment bank, but why is he “obsessed” with Amazon?
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Swap execution facility (SEF) regulations, intended to increase transparency and reduce swap market risk, have been reported to impact market makers’ margins and liquidity, creating wider spreads for end-users. Here, Euromoney follows the CFTC’s SEF regulation timeline, presents market participants’ concerns, and reports on opportunities for doing business.
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Many asset managers have opted to pay for research under Mifid II, but exactly what those costs will be is still unclear.
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A more flexible approach to software development is helping FX market participants test new products and bring them to market more quickly.
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The Financial Conduct Authority (FCA) is becoming more bullish about its regulatory sandbox, reiterating that the application of strict rules and the nurturing of innovative products and services are not mutually exclusive.
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Many traders are pushing their non-deliverable forward (NDF) trades through clearing houses to increase capital efficiency – with LCH seeing a record-breaking number in August – and R5FX hopes to push this to the next level.
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Euromoney magazine has released the results of the 2017 Fixed Income Research Survey.
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The foreign exchange market has long been dominated by a select group of large banks, but Euromoney’s inaugural five-star FX rankings show a different set of banks may be providing the best client service.
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Here is the surprising news about liquidity in the bond markets: it’s getting better.
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From cloud technology to cashless payments, digital currencies to P2P networks, mobile banking to FX robots… financial institutions worldwide are looking to lead technological advances while also trying to keep up with them. And as well as the cost of innovation, many organizations are finding much of their technology budgets focused on dealing with regulatory burdens. Access some of Euromoney's recent coverage here.
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Citi is perhaps the only global markets business remaining that shows that scale and breadth – both geographically and by product – can deliver good returns.
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Kenya Commercial Bank wins this year’s award for best bank for corporate social responsibility in Africa for the work of the KCB Foundation and, in particular, two ground-breaking initiatives. Last year, it launched 2jiajiri (‘let’s employ ourselves’) – a youth enterprise development and employment initiative that works in partnership with more than 100 technical training institutions across Kenya. More than 12,000 students have taken part so far in the programme, which aims to turn young people into entrepreneurs by training them and connecting them to graduates in law, accounting and marketing to help them get their businesses off-the-ground.
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The latest venture of one of the co-founders of market infrastructure technology firm Traiana aims to boost the confidence of banks and buyside firms in financial technology by simplifying the process of managing risk across multiple vendor and systems.
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FX algo use is steadily rising, according to a report by Greenwich Associates, with the most dramatic rises seen among corporate traders scrambling to demonstrate best execution, as stipulated by the FX global code of conduct.
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The extended deadline for Mifid II is now only six months away, and along with an increase in the amount and quality of data financial institutions (FIs) have to record, they must also reassess customer relationships.
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The FX industry has moved on from the fixing scandal and now wants to write its next chapter, underpinned by a new code of conduct. But liquidity remains fragile, volume is down and further challenges lie ahead.
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International companies new to Asia find working in the region more difficult than anticipated, as Asian regulators move towards a protectionist stance.
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Virtu’s agreed bid for KCG shows the pain from persistently low equity volatility hurting even the new breed of market makers.
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Fintech may not disrupt capital markets as quickly or as profoundly as it has retail financial services, but the incumbents should not be complacent. With regulators insisting on greater transparency and audit trails for investor allocations, the control of information that made the banks’ masters of these deals is already slipping.
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The US always looked a tough nut to crack for CLSA and it’s only getting tougher, so it’s not a shock to see the Hong Kong brokerage heading for the exit.
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Performance analysis solutions, once so pricey only the biggest banks could afford them, are becoming more widely used for FX strategies as regulations demand greater due-diligence processes and sell-siders are under pressure to prove they are giving clients value for money.
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CLSA has always had a unique position in Asian finance – to its competitors it has been a curiosity, but one secretly admired for its independence. Three years after its purchase by Citic Securities, it’s now the means by which the Chinese brokerage aims to take on the world. Outspoken CEO Jonathan Slone insists the firm will flourish while keeping its identity. Can he make it happen?
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Rate hikes, regulation, investing in people and technology – the CEOs of the top ranking private banks in the 2017 Euromoney private banking survey discuss how to balance the challenges and the opportunities that lie ahead.
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Frédéric Oudéa has been CEO of Société Générale for longer than any other current head of a leading European bank. His success in bringing the bank through the financial crisis and its aftermath is widely acknowledged. But can he articulate a convincing vision of SocGen’s future?
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It is time European regulators proposed a BRRD that is fit for purpose.
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Platform provides arms-length pricing; usage metrics can establish price.
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Thomson Reuters has entered a partnership with BestX to provide its buy-side clients with execution cost analysis functionality. It goes beyond what is envisaged in recent regulatory guidance for transaction cost analysis, allowing fund managers to refine their trading activities to reduce costs rather than simply meet compliance requirements
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Stresses on banks are forcing change on how corporates run their cash management operations. For business to continue running smoothly, it will require some give and take from both sides.