Algo Hedge Funds Join Cast of Suspects Seen Behind Bitcoin Surge – Bloomberg
“Add algorithmic hedge funds to the list of suspects behind Tuesday’s sudden surge in Bitcoin that had the true believers in the digital asset world heralding a renaissance in the most-popular cryptocurrency.”
tags: CryptoAssets AlgoTrading
European Union Launches International Association of Trusted Blockchain Applications
“The European Union announced the launch of the International Association of Trusted Blockchain Applications (INATBA) on its official website on April 3.”
tags: FinTech Blockchain
Over 40 Central Banks Are Considering Blockchain Currencies: Davos Report – CoinDesk
More than 40 central banks worldwide are experimenting with blockchain technology, including central bank digital currencies, says a new report by the World Economic Forum.
tags: CryptoAssets Blockchain CBDC
The SEC Just Released Its Long-Awaited Crypto Token Guidance – CoinDesk
The U.S. SEC has published fresh regulatory guidance for token issuers, outlining how and when these crypto-assets may fall under a securities classification.
tags: CryptoAssets ICOs STOs Regulation
Maker Price Analysis – Dai may be poised to become the stablecoin of choice for ETH users » Brave New Coin
“Dai may also be poised to become the stablecoin of choice for ETH users, for a variety of reasons. An upcoming Coinbase listing, the potential for ICOs denominated in Dai, payroll sent in Dai, and dApps like Augur using Dai, all point to the need for Dai or something similar in the future.”
Venture capitalists are still throwing hundreds of millions at blockchains – MIT Technology Review
VCs continue to invest large sums in blockchain companies. According to PitchBook VCs have invested around $334 million in blockchain projects in the first three months of this year.
tags: FinTech Blockchain Blog
Jamaica Stock Exchange to Pilot Bitcoin and Ether Trading
“The Jamaica Stock Exchange (JSE) is soon to trial bitcoin and ether trades with help from Canadian fintech firm Blockstation. The two firms jointly announced Wednesday that they have entered into an agreement to enable live trading of digital assets including security tokens in a “regulated and secured” environment.”
tags: CryptoAssets Bitcoin Ethereum Liquidity Tokenization Blog
Are New Repo Participants Gaining Ground? Liberty Street Economics
Regulations introduced following the 2007-09 financial crisis made it more expensive for bank holding companies (BHC) to enter into repurchase agreements (repo). As a consequence, banks and securities dealers associated with BHCs, which dominate the repo market, were predicted to pull back. Our bloggers find that although new participants have entered and made gains, they remain a small part of the overall repo market.
tags: Regulation Repo
FRTB: Singapore’s banks eye internal models for forex desks
Singapore’s largest lenders are looking at using their own models to calculate capital for foreign exchange trading desks, after recent changes to market risk rules alleviated concerns among Asia’s banks over the uncertain capital impact of the new regime. However, adoption of the internal models approach, or IMA, will not be straightforward, banks warn.
tags: Derivatives FX FRTB
Will the Nasdaq default spur CVA for CCPs?
Matthias Arnsdorf, global head of the counterparty credit risk quantitative research team at JP Morgan, demonstrates a model for computing CVA exposure for a CCP using the limited information that is available to a bank facing it as a clearing member.
tags: Derivatives CVA
As China bonds go global, dealers size up demand for swaps
The inclusion of onshore China bonds in global fixed income indexes is expected to provide a boost to the country’s still embryonic interest rate swap market.
FSB says fallbacks should kick in if Libor no longer accurate
Regulators have publicly called on the International Swaps and Derivatives Association to consider adding another trigger to Libor-based derivatives contracts that would automatically switch them on to an alternative reference rate: namely, in the event Libor is deemed no longer representative of underlying funding markets.
FXOptions Cleared Volumes Up in Q1 2019
FX Options clearing volumes data show a marked jump in Q1 2019 – quadrupling cleared notional outstanding from the end of 2018, unlike IR Swaptions and CDX Swaptions, which show little traction. In this article I will look into the detail of this jump in FX Option volumes.
tags: FX Derivatives
QR Codes Are Out, Soon You’ll Only Need to Show Your Face to Pay in China
While Sweden is trialling inserting microchips into its citizens as a new way to pay, China is opting for a less invasive method — your face.
Fraction of buy-side firms ready for uncleared margin rules – The TRADE
Only a fraction of buy-side firms are ready to comply with new collateral rules for uncleared derivatives, which will be extended to a wider range of firms from September.