foreign exchange Archives - The Industry Spread

Results of 2019 Bank for International Settlements Triennial Survey of Foreign Exchange and Derivatives Market Turnover

September 20, 2019

The Bank for International Settlements published yesterday (16 September 2019) the results of the 2019 Triennial Survey of Foreign Exchange and Derivatives Market Turnover1.  Hong Kong advanced one place and ranked third globally in terms of over-the-counter (OTC) interest rate derivatives turnover. It continued to be the fourth largest global foreign exchange market.

CME Group’s Terry Duffy to Appear Before the U.S. House Committee on Agriculture Subcommittee to Discuss Impact of E.U. Foreign Clearinghouse Regulation on U.S. Futures Markets

June 30, 2019

 CME Group Chairman and Chief Executive Officer Terry Duffy will appear before the U.S. House Committee on Agriculture Subcommittee on Commodity Exchanges, Energy and Credit today to discuss the potential implications of recent European Union (E.U.) legislation that could grant sweeping new regulatory power to European regulators over U.S. futures markets.

Meet Our Team at the IFX EXPO Cyprus 2019!

May 24, 2019

The Financial Commission will be exhibiting at the 2019 IFX Expo International which will take place on 21-23 May, 2019 at Spyros Kyprianou Centre, Polemidia, Limassol 3080, Cyprus. Distinguished broker members and interested parties are invited to join Commission representatives at our dedicated booth #78 on the upper floor to discuss Financial Commission’s services for FX and digital asset trading providers.

MAS Transfers S$45 billion to the Government for Long-term Investment

May 10, 2019

The Monetary Authority of Singapore (MAS) said today that it would be transferring S$45 billion from the official foreign reserves (OFR) to the Government for long-term investment.  This amount is the excess over what MAS deems necessary to maintain confidence in Singapore’s exchange rate-centred monetary policy.  MAS, as the central bank of Singapore, manages the country’s OFR, which stood at S$404 billion as at April 2019.

Become a Verified Broker – Financial Commission Announces Launch of New Certification Service in Partnership with VerifyMyTrade

May 3, 2019

April 24, 2019, The Financial Commission today announces the launch of a new certification service in partnership with VerifyMyTrade (VMT), an independent provider of trade pricing and execution analysis. The certification highlights Financial Commission’s efforts to bring Best Execution standards globally and is based on the best execution concept applied in major FX jurisdictions.

Some AFS Licensees May be Breaking Overseas Laws

April 14, 2019

Australian financial service (AFS) licensees that offer OTC derivatives to retail investors located in some overseas jurisdictions may be breaking overseas laws providing unlicensed or unauthorised services in those jurisdictions.