Posts Tagged ‘market’

Saudi Arabia to Open $530 Billion Bourse to Foreigners in Early 2015

by Forex Rooton July 22, 2014 10:16 am BST
Saudi Arabia plans to open its stock market, the Arab world’s biggest, to direct investment by foreign financial institutions in the first half of next year, the market regulator said on Tuesday. The opening of the Saudi market, capitalized at about $530 billion, is one of the most keenly awaited economic reforms in the world’s […]

FSB Weighs Wider Window for Foreign-Exchange Benchmarks

by Forex Rooton July 15, 2014 3:18 pm BST
Global regulators published details of their plans to overhaul foreign-exchange benchmarks in response to allegations traders colluded to manipulate rates in the $5.3 trillion-a-day currency market. The Financial Stability Board proposed changes to the way the WM/Reuters rates are calculated, including extending the length of the one-minute windows on which the benchmark is based, and […]

China To Reduce Its Intervention In The FX Market

by Forex Rooton July 10, 2014 12:10 pm BST
U.S. and Chinese leaders have agreed that China will reduce its intervention in the currency market when conditions are ripe, reaching an understanding on a prickly issue that has hurt ties between the world’s two biggest economies for years. China’s Central Bank Governor Zhou Xiaochuan said on the sidelines of annual high-level talks between the […]

FX Trading Volumes Over $5 Trillion in June

by Forex Rooton July 9, 2014 7:16 pm BST
Average daily volumes in the global foreign exchange market surged by over $500 billion in June, data from FX settlement system CLS showed, suggesting a bounce-back for the world’s largest and most liquid market. The number of transactions through the system, which is used almost universally by the banking industry to process or settle trades, […]