Foreign exchange
Phil Weisberg joins oneZero’s advisory board
The firm hopes to use his institutional market insight as it seeks new opportunities
Mark Johnson’s attorneys point to Isda agreement in appeal
“How are FX traders supposed [to] know what trading constitutes wire fraud when the government cannot even answer that question?” attorneys ask
European corporates hit by FX in final quarter of 2017
Currency losses at their highest for corporates in Europe since Q3 2015
FRTB threatens dynamic FX hedging of capital ratios
Industry says recent Basel proposals are unclear and retain burden of pre-approval for hedges
No flight to quality for dollar – TD Securities
With US macro and political worries on the front foot, the yen is likely to serve as the risk proxy
European corporate FX losses highest since 2015 – report
Number of European firms reporting negative currency effects in third-quarter earning calls also rises
Russell Investments calls on peers to commit to FX Code
Chief investment officer for currency says FX Global Code of Conduct embodies good fiduciary standards
Goldman Sachs discloses max last look hold times in FX
Past behaviour may subject clients to a 200 millisecond hold period, as US bank tries to avoid losses