Markets News Stocks 

Sen. Elizabeth Warren questions Mnuchin about his extraordinary calls to bankers and regulators

“Elizabeth Warren asked Treasury Secretary Steven Mnuchin for more information Friday about what prompted his extraordinary calls to bank executives and regulators during a stock market tumble in December” writes Cq-roll Call Group for cnbc.com. In a letter to Mnuchin dated Monday, Warren questioned why the secretary carried out those calls when market participants had not raised major concerns about stability or financial institution liquidity. Moreover, your calls sought to assuage a concern — the liquidity of banks — that neither banking regulators nor executives had publicly indicated was a…

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Markets News 

Separating Yourself From the Pack in a Mature FX Industry

“My experience mainly comes from the banking sector, having worked in the Liquidity & Market Risk Management department of major banks” reports financemagnates.com. In a nutshell, INFLYX is a liquidity, risk management and white label solutions provider connected to Tier 1 liquidity.INFLYX’s main liquidity offering comes with a dedication and commitment of detailed reporting and client-oriented services.Apart from liquidity, INFLYX takes pride in its tailored-made risk management solutions and its ability to manage and handle clients’ dealing desks.A few days ago, Finance Magnates interviewed Marios Antoniou, the Executive Director and…

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News 

BitGo Partners with Genesis to Enable High-Frequency Trading

“Under the agreement, institutional clients who store their digital assets with BitGo can now trade their crypto without having to move it onto an exchange” writes Celeste Skinner for financemagnates.com. As part of the collaboration, Genesis will execute the trades on behalf of BitGo’s clients, without the need for them to open an account with the trading provider. We are an industry leader in digital currency trading and lending, and providing liquidity for companies like BitGo is an important part of our value proposition,” added Michael Moro, the CEO, Genesis.BitGo,…

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Markets News 

Exclusive: Scope Markets Announces Strategic Partnership to Expand in Asia

“The local heavyweight, m-FINANCE is gaining access to Scope Markets liquidity to boost its offering to clients in the region” writes Victor Golovtchenko for financemagnates.com. Scope Markets is starting 2019 with a new growth and expansion plan including a partnership with m-FINANCE. The company shared with Finance Magnates that it inked a strategic partnership deal with Hong Kong-based m-FINANCE that will start with immediate effect. Source: financemagnates.com

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News 

OTCXN Adds Australian Exchange to its List of Institutional Clients

“Sydney-based cryptocurrency exchange Independent Reserve has joined San Francisco-based blockchain-powered capital markets infrastructure company OTCXN, according to an official statement by the company” writes Rachel Mcintosh for financemagnates.com. Independent Reserve is the first cryptocurrency exchange to “go live” on OTCXN’s network, according to the announcement, which also described Independent Reserve as the first-regulated and largest cryptocurrency exchange in Australia and New Zealand.Clients on LiquiMatch will have the ability to trade with the liquidity on all of OTCXN’s trading platforms (including its OTC Block Trading service) through one account on their…

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Crypto News Platforms 

TradAir Partners With NEXUS for Cryptocurrency Liquidity

“Less than two months after launching, cryptocurrency liquidity provider NEXUS is already attracting partners” writes David Kimberley for financemagnates.com. Currently, TradAir operates an HTML5-based cryptocurrency trading platform for institutional clients.The technology provider is connected to a large network of liquidity sources, including over-the-counter desks, cryptocurrency exchanges, market makers and custodians. Solutions such as NEXUS are a step towards resolving some of those problems but it will still be some time before we have a truly institutional-grade set of cryptocurrency trading solutions.Users of TradAir’s platform, or any of its other integrations,…

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News 

International, local financial institutions offer to invest $934.1m in Egyptian T-bills

“Several international and local financial institutions have offered to invest $934.1m in the Egyptian USD-denominated treasury bills (T-bills), floated by the Central Bank of Egypt (CBE) on Sunday” writes Hossam Mounir for dailynewsegypt.com. The CBE received 30 bids for investment by local and international banks, as well as financial institutions, worth of $934.1m, and accepted 25 offers worth $854.1m.Furthermore, the CBE allows banks to buy Egyptian USD-denominated T-bills to both local banks and foreign institutions with a minimum subscription of $100,000 and its multiples. Source: dailynewsegypt.com

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JPY Markets News Stocks 

JPY Flash Crash Spells Volatile Year in the FX Markets

“The flash crash of the Japanese yen reinforced a somewhat forgotten rule when it comes to financial markets: anything is possible” writes Victor Golovtchenko for financemagnates.com. A number of respected analysts have been predicting a 1987-style stock market crash.The move was reminiscent to the GBP flash crash in October 2016.Coupled with continuing stock market uncertainty, the risk sentiment indicators are signaling that we are close to the end of the economic cycle. Source: financemagnates.com

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Brokers Markets News 

CMC Markets stalwart Alex Maslin leaves the company to pursue Prime Brokerage career with major APAC bank

“The group provides services for equity capital markets, corporate finance, debt markets, derivatives, institutional securities broking and research” reports financefeeds.com. Maybank may well be a Malaysian universal bank, however its key operating “home markets” are Malaysia, Singapore and Indonesia.These banks, unlike the weary western banks, will extend counterparty credit to FX brokerages in China without the blink of an eyelid over risk.Despite this evident advantage in efficiency from Western banks among western liquidity takers, they are wounded and jaded. Source: financefeeds.com

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News 

Treasury was not concerned about liquidity when Mnuchin called banks: Senior official to CNBC

“The U.S. Treasury Department had no concerns about liquidity whatsoever when Treasury Secretary Steven Mnuchin called the heads of the six largest U.S. banks on Sunday, a senior Treasury official told CNBC’s Sara Eisen on Monday” writes Yun Li for cnbc.com. There is no reason to believe that the call was about anything relating to lending and liquidity, the official said.”We continue to see strong economic growth in the U.S. economy with robust activity from consumers and business,” said Mnuchin in a statement after the calls. Source: cnbc.com

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