The UK-based central counterparty (CCP) disclosed a peak stress loss of $1.1 billion under a single-member default scenario, up 42.8% from the previous quarter. Under a worst-case double default, ...

In foreign exchange, AllianceBernstein has seen room to go further. Within the past year, the firm’s multi-asset trading team has deployed an FX algo wheel that automatically selects the optimal ...

Recent US dollar strengthening in response to the escalating conflict in Iran has done little to temper many investors’ long-term bearish views on the greenback, with some buying into trades ...

Morgan Stanley has cut four London-based foreign exchange salespeople and traders, who were covering real money clients, according to two sources with knowledge of the departures. The Wall Street ...