Search Results for: foreign exchange
Russia Deposit Fight Sees Foreign Banks Seeking New Clients
March 19th, 2015
Oksana Semenikhina, a customer of Citigroup Inc.’s Russian unit for the past decade, got an offer from the lender this year that she couldn’t pass up. “They offered to open a ruble term deposit for me at 9 percent ...
ASIC facilitates foreign financial service providers applying for exemptions
March 13th, 2015
ASIC is clarifying the documentation foreign financial services providers should provide to it when applying for class order exemptions to conduct business in Australia to facilitate an easier application process. In a written statement to key advisers to foreign ...
Intercontinental Exchange Reports ICE and NYSE Volume for February 2015; Record Daily Oil Volume, up 59% over Prior February
March 5th, 2015
Intercontinental Exchange (NYSE: ICE), the leading global network of exchanges and clearing houses, today reported February exchange traded volume. ICE’s February 2015 futures and options average daily volume (ADV) declined 6% compared to February 2014. Commodity ADV increased 11% ...
CFTC Issues Order of Registration for the Tokyo Commodity Exchange, Inc.
January 21st, 2015
The U.S. Commodity Futures Trading Commission (Commission) announced today that it has issued an Order of Registration to the Tokyo Commodity Exchange, Inc. (TOCOM), a Foreign Board of Trade located in Tokyo, Japan. Under the Order, TOCOM is permitted ...
Swiss National Bank press conference on Discontinuation of the minimum exchange rate
January 15th, 2015
Discontinuation of the minimum exchange rate The Swiss National Bank (SNB) has decided to discontinue the minimum exchange rate ofCHF 1.20 per euro with immediate effect and to cease foreign currency purchases associated with enforcing it. The minimum exchange rate ...
Swiss National Bank discontinues minimum exchange rate and lowers interest rate to –0.75%
January 15th, 2015
Target range moved further into negative territory The Swiss National Bank (SNB) is discontinuing the minimum exchange rate of CHF 1.20 per euro. At the same time, it is lowering the interest rate on sight deposit account balances that exceed a ...
IRS Sets Up FATCA Data Exchange Service
January 14th, 2015
FATCA Data Exchange Service The Internal Revenue Service (IRS) has begun International Data Exchange Service (IDES) enrollment. The platform will enable the secure transmission of client data under the Foreign Account Tax Compliance Act (FATCA). Foreign financial institutions (FFIs) ...
LMAX Exchange launches in Hong Kong
January 13th, 2015
LMAX Exchange, the leading FCA regulated MTF for global FX trading and the UK’s fastest growing technology firm, today announced the launch of LMAX Hong Kong Limited, an SFC licensed broker for leveraged foreign exchange trading. As an SFC ...
Saudi Arabia will allow foreigners to own stakes in its listed companies
December 30th, 2014
Saudi Arabian stocks rallied yesterday amid signs that that the world’s biggest oil exporter would allow foreigners to own stakes in its listed companies by April next year. The drop in oil prices, however, may deter investment in the ...
Hong Kong Plugs Commitment To Tax Info Exchange
December 1st, 2014
Financial Secretary John C Tsang stressed how Hong Kong has made substantial efforts to introduce the new global standard for the automatic exchange of tax information, while also ensuring data confidentiality, during his speech at the first Certified Tax ...
