Chinese GDP will be largely unaffected by US trade tensions because the government will make every effort to ensure growth, Peking University finance professor Michael Pettis writes. However, the government's long-term determination to control debt might force it to lower GDP targets.
Financial-technology firms that seek relationships with established banks and financial-services companies must be familiar with existing regulations, says Thomas Zeeb, head of securities and exchanges at SIX Group. There are "so many great ideas in the fintech space", Zeeb says, but proponents often fall short when questioned about regulatory details.
Euronext is the front-runner to acquire IHS Markit unit MarkitSERV, sources say, though final bids are not due until September. London Stock Exchange Group reportedly is among other firms interested in MarkitSERV.
Brevan Howard will be the first nonbank required to comply with initial-margin rules that take effect next month, sources say. The hedge fund manager reportedly has heavy exposure to noncleared swaps and exceeds a $1.5 trillion compliance threshold.
The Securities and Exchange Board of India is enhancing cybersecurity initiatives to include market-infrastructure institutions. SEBI is planning a closer look at operational modalities of such institutions.
Turkey's political and economic problems have sparked volatility, increasing opportunities for traders and banks, experts say. Banks can expect "a pickup in client hedging activity across some of the more lucrative [fixed-income, currency and commodity] products like interest-rate derivatives," Buckingham Research Group analyst Christopher Walsh says.
CME Group is extending a passive-volume market maker program for bitcoin futures for members and nonmembers from Aug. 31 through Feb. 28.
UAE startup Adab Solutions has established the First Islamic Crypto Exchange, which is the first Shariah-compliant cryptocurrency exchange. Plans include an initial coin offering next month.
Conflicted financial advice, often attributed to the way fees and commissions are structured, costs Americans about $17 billion a year, according to a 2015 report by the Council of Economic Advisers. Financial adviser Peter Fisher offers questions for clients to ask brokers, agents, advisers and mutual fund companies to assess whether they will act in a client's best interest.