Citi Settles Class Action Lawsuit with Private FX Investors for $394M This private settlement is on top of a fine for $925 million the U.S. Department of Justice levied on the banking group today
Major Banks Hit with $5.6 Billion in Fines for Forex Manipulation The banks also pleaded guilty and admitted their FX traders (aka ”The Cartel” and “The Bandits’ Club”) colluded against ...
ICAP’s EBS and BrokerTec Converge into a Single Brand The merging of the bonds and foreign exchange trading units of the leading broker-dealer continues with brand unification
SocGen Prime Services (Newedge) Adds CME Group Portfolio Margining SocGen has announced that its prime group has begun to offer CME Group portfolio margining of traded futures and ...
ICAP’s EBS eFix Matching Service Takes FX Markets Utility Function Marking a successful inaugural year, the service has spread out across a multitude of currency pairs and FX fixings
ICAP Pinched with $50,000 Fine from ASIC for Compliance Failure The broker executed trades for clients with the intention to exclude other participants taking orders for electricity futures contracts
The Repercussions of Re-Aggregating Prime of Prime Feeds There are many hidden pitfalls to the concept of re-aggregation.
Top Foreign Exchange Broker-Dealers Maintain Dominant Position While rising competition prompted a 2 percent shift in market share between the top 5 and the rest, SNB ...
Nomura Abandons Swaps Clearing for US and European Clients Regulatory uncertainty prompts another major investment bank to leave swaps clearing until clarity returns to the market
Hong Kong Brokerage Guotai Junan Partners with Fidessa The capabilities of the trading platform solution provided by Fidessa will provide additional tools to Hong Kong Stock Connect ...
Private Investors vs Major Banks Could See Goldman Sachs as Next to Settle Goldman Sachs is reportedly on its way to settle with private investors for its involvement in manipulating foreign exchange ...
Commerzbank AG Reports Q1 Metrics: Fixed Income, Currencies Fuel Profits Commerzbank's key drivers behind higher profits YoY were Fixed Income & Currencies, and Equity Markets & Commodities.
Head of FX Adrian McGowan Leaves Barclays to Pursue Own Interests Sources close to the matter have confirmed to Finance Magnates reporters that the move is not related to foreign ...
Breaking: Anthony Kemp and Wesley White Leave Morgan Stanley Sources close to Finance Magnates shared that both left the major investment bank to join asset management firm Stone ...
ICAP’s EBS to Launch FX Outrights and Swaps on EBS Direct in Q4 The company is expanding its FX offering and will launch a beta version in the fourth quarter of 2015 ...
Societe Generale Prime Services Executes NDFs Via LCH.Clearnet Clearing NDFs provides capital and operational efficiencies as well as achieves the systemic risk reduction sought by regulators.
Tullet Prebon Revenues Up Due to Recently Acquired Oil Broker The firm highlighted volatility was concentrated in currencies, with other markets subdued, save for Asia Pacific and parts of ...
Vanguard Overtakes Pimco As the World’s Largest Bond Fund The newly crowned Vanguard Total Bond Market Index Fund now has over $117 billion under management overtaking Pimco’s $110 ...
UBS Posts Q1 Results – FX Gets Boost from SNB Actions FX trading and executions helped boost UBS's Q1 2015 net profits as the bank benefited from volatility in the ...
Citadel CEO Kenneth Griffin Tops Hedge Fund Rich List for 2015 The managers of the top twenty-five most successful hedge funds in the world for 2015 earned a pitiful $11.62 ...