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In a rollercoaster day for markets, the renminbi had a rocky start before gaining ground against the dollar as news on the US elections unfolded. But volatility is likely to continue in the coming days as markets get to grips with Donald Trump’s victory.

Intercontinental Exchange, the US based exchange and clearing business, has hired a global head for its ICE Data Services Connectivity and Consolidated Feed businesses.

Do not be reassured by the checks and balances narrative. The US presidential election matters desperately. Either the US will be in a position to keep leading the world, or it won’t.

Though none of them are ruling out a victory for Donald Trump, FIG market participants are positioned for Hillary Clinton to win the 2016 US presidential election. Banks could be ready to launch new trades on the same day as the result is announced.

Derivatives markets across asset classes are projecting increased confidence of a Hillary Clinton win in Tuesday's US presidential election, but also revealing concern that volatility could then evaporate from markets for the rest of the year.

Trading volumes reported in the wake of the US presidential election suggest that November is off to a flying start for derivatives exchanges. But the Trump effect only begins to mitigate a pronounced slump in activity for some asset classes in October.

Equity capital markets are bracing for the US presidential election on Tuesday. Participants believe Hillary Clinton is narrowly more likely to win, but that stockmarkets around the world would fall if Donald Trump won.

FIG borrowers’ last clear window for issuance hangs in the balance ahead of Tuesday’s US elections, as bankers fear a victory for Donald Trump would limit November supply and raise new issue premiums considerably.

The US Department of Financial Services has fined the New York branch of Agricultural Bank of China $215m for violating local anti-money laundering (AML) laws. The regulator also said that the bank obscured dollar clearing transactions of Chinese and Russian companies, apparently by issuing counterfeit and falsified invoices.

Renaissance Capital has hired a new head of international equity capital markets, and its US subsidiary RenCap Securities has added two senior bankers to its fixed income, currencies and commodities team.

Who will win the US presidential election on November 8 was far from clear this week. But it looks increasingly likely that a Donald Trump win could bring 2016's primary capital markets activity to an abrupt halt.

The US stock market and the dollar have been falling since last week, as fears have grown that Donald Trump might win the US presidency in Tuesday's election.