Search Results for: FC Exchange
CFTC Issues Orders of Foreign Board of Trade Registration to Permit Direct Access for ICE Futures Canada, Inc. and Montréal Exchange Inc.
August 27th, 2015
The U.S. Commodity Futures Trading Commission (Commission) announced today that it has issued Orders of Registration to ICE Futures Canada, Inc. (ICEFC), a Foreign Board of Trade located in Winnipeg, Manitoba, Canada, and Montréal Exchange Inc. (MX), a Foreign ...
SFC recovers $23 million for investors from restoration orders against insider dealer Du Jun
August 19th, 2015
Court appointed administrators, Mr John Lees and Mr Mat Ng of JLA Asia Limited, have completed distributions of restoration payments to all but three of the 297 counterparties to the insider dealing by convicted insider trader Mr Du Jun. ...
SFC fines BNP Paribas Securities (Asia) Limited $15 million for dark liquidity pool-related failures
August 4th, 2015
The Securities and Futures Commission (SFC) has fined BNP Paribas Securities (Asia) Limited (BNPP Securities Asia) $15 million for failures in relation to its dark liquidity pool trading services (Note 1). The disciplinary action follows an SFC investigation into ...
New currency ETN from ETFS Foreign Exchange launched on Xetra
June 18th, 2015
ETN tracks the exchange rate movements of the euro to the Swiss franc A new exchange traded note (ETN) from the ETFS Foreign Exchange Limited product family has been tradable via Xetra and Börse Frankfurt since Wednesday. ETF name: ...
FCA Chose Not to Chase Some Firms in FX Probe
June 17th, 2015
The Financial Conduct Authority chose not to pursue all institutions involved in the foreign exchange rigging scandal, believing that targeting the worst cases would be enough to send a message of deterrence to all. The FCA fined five banks a ...
FCA defends secondments with ‘Big Four’ accountants
June 4th, 2015
The Financial Conduct Authority (FCA) has revealed how many staff were seconded to and from it from the ‘Big Four‘ accountancy firms Deloitte, KPMG, PwC and EY in 2014. Following a Freedom of Information (FoI) request by sister publication Insurance Age, the ...
SFC reprimands and fines BNP Paribas Securities (Asia) Limited $11 million
June 2nd, 2015
The Securities and Futures Commission (SFC) has reprimanded and fined BNP Paribas Securities (Asia) Limited (BNP) a total of $11 million for its failures to report its direct business transactions (cross trades) to The Stock Exchange of Hong Kong ...
FCA fines set to dip below record despite Libor and forex penalties
May 26th, 2015
Last week’s record £284.4m penalty imposed on Barclays for its part in the foreign exchange rate rigging scandal came just weeks after a £226.8m fine on Deutsche Bank The Financial Conduct Authority’s income from fines is set to fall ...
LMAX Exchange, the UK’s fastest growing technology company, achieves first full year of profitability following global expansion
May 21st, 2015
LMAX Exchange, the UK’s fastest growing technology company and the leading FCA regulated MTF for FX, is pleased to announce its first full year of profitability with reported annual net profits of £0.5 million in 2014. Further 2014 highlights and ...
FCA fines Barclays £284,432,000 for forex failings
May 20th, 2015
The Financial Conduct Authority (FCA) has imposed a financial penalty of £284,432,000 on Barclays Bank Plc (Barclays) for failing to control business practices in its foreign exchange (FX) business in London. This is the largest financial penalty ever imposed ...
