FIX Trading Community Announces New Recommended Guidelines For The Use Of FIX In Multi Asset Classes For Post-Trade

on , from fixtradingcommunity.org

FIX Trading Community, the non-profit, industry-driven standards body at the heart of global financial trading, today announced the release of new guidelines for the use of FIX in post-trade processing for multi asset classes and a common post-trade framework. The FIX Global Post-Trade Working Group has been focusing its efforts on how best to resolve the inefficiencies in post-trade workflow for a number of years. Following on from its work with cash equities, the working group assessed a number of different asset classes and how variations in workflow can create issues. Frequent trade breaks and slow resolution times can have a ... (Read the full story)

Stocks Up, Bonds Down, Dollar and Yen are Heavy

on , from marctomarket.com

Investors favor risk assets today. Global stocks are moving higher in the wake of the pre-weekend US rally that saw the S&P 500 close at record levels. Bond yields are mostly firmer, again with US move in response to the robust employment report setting the tone in Asia. European bonds participated in most of the pre-weekend move and are consolidating today with a slightly heavier tone. UK Gilts are outperforming, with a new record low of 64 bp on the benchmark 10-year issue. The Nikkei's 2.4% rally was the biggest in nearly a month. It gapped sharply higher, leaving a three-day island in its wake, and closed on its highs. ... (Read the full story)

Bond Market’s Big Illusion Revealed as U.S. Yields Turn Negative

on , from bloomberg.com

For Kaoru Sekiai, getting steady returns for his pension clients in Japan used to be simple: buy U.S. Treasuries. Compared with his low-risk options at home, like Japanese government bonds, Treasuries have long offered the highest yields around. And that’s been the case even after accounting for the cost to hedge against the dollar’s ups and downs -- a common practice for institutions that invest internationally. It’s been a “no-brainer since forever,” said Sekiai, a money manager at Tokyo-based DIAM Co., which oversees about $166 billion. That truism is now a thing of the past. Last month, yields on U.S. 10-year notes turned negative ... (Read the full story)

Markets look cautious after weak China trade data

on , from hantecfx.com

Markets are looking mixed today as weak trade data from China has taken some of the sheen off the risk rally of Friday’s Non-farm Payrolls report. Mixed signals given out from the world two largest economies in recent days are muddying the waters of sentiment today as markets look fairly cautious as trading begins for the new week. The surprising strength of Friday’s US Employment Situation report helped to drive positive risk appetite into the close on Friday. This move has been tempered slightly by the announcement that China’s trade outlook continues to deteriorate, with both imports and exports weaker than expected in dollar terms. With ... (Read the full story)

Sentix: Chinese glimmers of hope

on , from sentix.de

Economic expectations are no longer negatively affected by the Brexit fallout. The sentix Economic Index improves moderately to +4.2 points. Positive growth impulses of the Chinese economy are accountable for the latest upswing, however. The European economy merely contributes to the confidence built up. The index for Asia ex. Japan jumps from +8.2 to +14.1 points. The latest round of yuan depreciation against the US Dollar and the Japanese Yen seems to act as a stimulant. Full report August 2016 Headlines of the month The outcome of the Brexit referendum in the UK has no further impact on the sentix Economic expectations. The ... (Read the full story)

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