When JPMorgan Chase & Co. took over Bear Stearns more than a decade ago, it got two traders with a new trick.
Virtu Financial has confirmed an extension of its transaction cost analysis (TCA) and market impact models to cover foreign exchange and fixed income markets.
French and German regulators have launched a new attack on Facebook’s Libra, saying that it is a threat to the financial sovereignty of nations. In response, the Libra Association has promised to work with regulators, but committed to a 2020 launch.
London has retained its place as the global hub for currency trading while the share of FX trading taking place in the US declined, as trading in the global market reached $6.6 trillion per day in April this year.
Bill Gates speaks to Bloomberg’s Erik Schatzker at the Foundation’s HQ in Seattle. On Tuesday, the foundation released its annual Goalkeepers report. The study seeks to monitor and aid the progress of the United Nations in achieving in its Sustainable Development Goals, which the foundation says are being hindered by persistent inequality.