Board of Governors-Federal Reserve System The Board of Governors of the Federal Reserve System has requested comment on a proposal to expand the operating days of the Fedwire Funds Service and the National Settlement Service. Under the proposal, both services would operate every day of the year with the Fedwire Funds Service open 22 hours ..read more

Reserve Bank of Australia. Policy Meeting: The Reserve Bank of Australia meets on 6-7 May 2024 to discuss its policy rates. The central bank will issue a statement on its decision on 7 May at 2:30 pm AEST. The current cash rate is 4.35%. Source: Reserve Bank of Australia. Reserve Bank of New Zealand. Policy ..read more

Proprietary trading. News trading. Singapore. “FNG has learned that a number of leading (and not-so-leading) retail prop trading firms have begun to implement rules for their clients that restrict the trades that can be made (or, profit that can be booked) by traders immediately around major news events. The practice, known as News Trading, is ..read more

U.S. District Court, SDNY, Jane Street, Millennium Management, proprietary trade. “A former Jane Street Group trader who moved to Millennium Management ridiculed his former employer’s claims that he used its secret strategy to make a killing at his new job in India’s options market.” — Bloomberg, MSN. CoinW Exchange, Dubai. CoinW Exchange, a leading force ..read more

Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have remained strong, and the unemployment rate has remained low. Inflation has eased over the past year but remains elevated. In recent months, there has been a lack of further progress toward the Committee’s 2 percent inflation objective. The ..read more

Washington, D.C. — The Commodity Futures Trading Commission today announced it has approved a final rule that amends the capital and financial reporting requirements of Swap Dealers (SDs) and Major Swap Participants (MSPs). The amendments make changes consistent with CFTC Staff Letter No. 21-15 regarding the tangible net worth capital approach for calculating capital under CFTC Regulation 23.101 ..read more

The world has risk-laden problems to solve. Higher borrowing rates are indicia of higher risks to returns on capital, but the cries for lower rates do not appear to resonate with capital’s search for high returns that compensate for higher risks. If the Federal Reserve System is to meet its statutory dual mandate of stable ..read more

The Federal Reserve Board on Wednesday announced it will extend through May 31, 2024, the public comment period for the application by Capital One Financial Corporation of McLean, Virginia, to acquire Discover Financial Services of Riverwoods, Illinois. The comment period is being extended to provide additional time for interested parties to comment on the proposal ..read more

Washington, D.C. — Commodity Futures Trading Commission Chairman Rostin Behnam today announced the Commission will hold an open meeting on Monday, April 29 at 9:30 a.m. (EDT) at the CFTC’s Washington, D.C. headquarters. Members of the public can attend the meeting in person, listen by phone, or view a live stream at CFTC.gov. The Commission will consider ..read more

Ready for your next trader challenge? Visit https://traderswithedge.com/?r=348 Federal Reserve Bank of New York-Central Bank for the U.S. Virgin Islands AUD/USD=0.6423 GBP/USD=1.2397 EUR/USD=1.0655 JPY/USD=154.5500 Source: Board of Governors-Federal Reserve System Eastern Caribbean Central Bank USD/XCD=2.7000 GBP/XCD=3.3679 CAD/XCD=1.9626 EUR/XCD=2.8833 JPY/XCD=0.0175 Source: Eastern Caribbean Central Bank Central Bank of Barbados USD/BBD=1.9800 GBP/BBD=2.4399 CAD/BBD=1.4450 Source: Central Bank of ..read more