U.S. Banks Report Mixed Bag Of Foreign Exchange Income To Fed
BANKS
Late reports for U.S. banks' foreign exchange income in 1993 show deeper declines in earnings than those already posted by the top U.S. banks in January. At that time, the bigger banks were basically flat in a yearly comparison of FX earnings, while the mid-sized banks showed large increases (FX Week, January 24).
Full-year foreign exchange income for a number of the U.S. banks that do not break out FX trading gains in regular quarterly reports can be obtained from filings they are required to
More on Post-trade
FX options: rising activity puts post-trade in focus
A surge in electronic FX options trading is among the factors fuelling demand for efficiencies across the entire trade lifecycle, says OSTTRA’s commercial lead, FX and securities
Three go live on Cobalt’s shared FX ledger
Technology provider aims to reduce trade reconciliations for Deutsche, Saxo and XTX
Seed CX partners TradAir for OTC trade settlement
Tie-up enables TradAir customers to leverage services of Zero Hash subsidiary
LCH brings automation to ForexClear
Firm collaborates with Genesis to automate exercise and options expiry
Refinitiv takes deal-tracking service into cloud
Cloud-based FX post-trade product provides data archiving, aimed at easing compliance and cost burdens
New Change FX to supply independent rate to Jyske Bank
Danish bank will use provider’s independent FX data for better analytics
Virtu completes $1bn ITG acquisition
Firm will supplement its current management with existing ITG leadership globally
IHS Markit partners Cobalt for post-trade
Cobalt’s platform now connects to MarkitServ’s network of counterparties
