Search Results for: ICE Futures
China Stocks Fall on Last Day Before Link Start as Brokers Drop
November 14th, 2014
Chinese stocks fell on the last trading day before the start of the trading link between Hong Kong and Shanghai amid concern recent rallies were excessive. China Communications Construction Co. (601800) and ChinaCAMC Engineering Co. led declines for industrial companies with losses of more than 3 ...
Gold Heads for Weekly Loss as SPDR Assets Extend Drop, Oil Slips
November 14th, 2014
Gold headed for a weekly decline as investors assessed the timing of higher U.S. borrowing costs amid slumping energy prices, with assets in the SPDR Gold Trust posting the longest period of decrease since May 2013. Bullion for immediate ...
U.S. stocks slip from records; oil falls
November 13th, 2014
U.S. equity prices edged off record highs on Wednesday led by weakness in the financial sector after six global banks were fined a total of $4.3 billion for currency rigging, while the oil market sagged on concerns about a ...
Forex traders plotted strategy in secret chats
November 13th, 2014
Traders of major banks fined $4.3 billion Wednesday for attempted manipulation of foreign exchange markets used electronic chat rooms to plot their moves. Transcript excerpts of conversations released Wednesday by the Commodity Futures Trading Commission show traders from U.S. banks Citibank(C) ...
FX Transparency Partners with oneZero to Bring FX TCA to Retail Brokers
November 13th, 2014
FX Transparency (“FXT”), the largest independent provider of FX transaction cost analysis (FX TCA) to the institutional space globally, today announced a partnership with oneZero Financial Systems, a provider of institutional trade-routing software to the Foreign Exchange market, to ...
OPEC’s Colluders Are in a No-Win Situation
November 12th, 2014
Economists will tell you that cartels are hard to keep alive. They work when everyone in the cartel holds down production to keep the price artificially high (and punish customers). But there’s a huge incentive to exceed one’s quota. ...
FCA fines five banks £1.1 billion for FX failings
November 12th, 2014
The Financial Conduct Authority (FCA) has imposed fines totalling £1,114,918,000 ($1.7 billion) on five banks for failing to control business practices in their G10 spot foreign exchange (FX) trading operations: Citibank N.A. £225,575,000 ($358 million), HSBC Bank Plc £216,363,000 ...
Regulators fine global banks $3.4 billion in forex probe
November 12th, 2014
Global regulators imposed penalties totaling $3.4 billion on five major banks, including UBS (UBSN.VX), HSBC (HSBA.L) and Citigroup (C.N) on Wednesday for failing to stop their traders from trying to manipulate foreign exchange markets. Royal Bank of Scotland (RBS.L) and JP ...
UBS to settle over precious metals misconduct allegations as part of forex market rigging probe
November 10th, 2014
UBS are expected to strike a settlement with financial regulators over allegations of misconduct at its precious metals trading business. The settlement will form a part of a £1.5bn agreement the Swiss lender is due to make with five ...
Brothers slammed for forex ‘gamble’
November 10th, 2014
Two financial advisers and a company of which they are both directors have been ordered to repay a couple who lost more than R700 000, because they invested most of their savings – including the proceeds from the sale ...
