Search Results for: foreign exchange
Six people arrested in BoB forex fraud case
October 14th, 2015
Bank’s branch head, forex ops chief among those held Six persons, including Bank of Baroda’s branch head at Ashok Vihar, New Delhi, and an HDFC Bank employee, were arrested on Tuesday in connection with trade-based mechanism to launder money ...
FXCM Reports Monthly Metrics
October 14th, 2015
FXCM Inc. (NYSE:FXCM) announced certain key customer trading metrics for September 2015 for its retail and institutional foreign exchange business. Monthly activities included: September 2015 Customer Trading Metrics from Continuing Operations (1) Retail Customer Trading Metrics Retail customer trading volume(2) of $326 billion in September 2015, 1% ...
IMF: Uncertainty, Complex Forces Weigh on Global Growth
October 7th, 2015
Global growth moderate and uneven, forecast at 3.1 percent this year, 3.6 percent in 2016 Disparate fortunes between the advanced and emerging market and developing economies Lower commodity prices weigh on commodity exporters The IMF’s latest World Economic Outlook (WEO) foresees ...
EBS BrokerTec acquires Molten Markets
October 5th, 2015
Acquisition completes EBS’s offering for all customer segments EBS BrokerTec, ICAP‘s market-leading electronic foreign exchange (FX) and fixed income business, announces today that it has acquired Molten Markets Inc., a foreign exchange technology provider for asset managers and pension ...
CME Group Volume Averaged 14.4 Million Contracts per Day in Third-Quarter 2015
October 5th, 2015
Third-quarter average daily volume rose 27 percent in interest rates, 26 percent in energy, 20 percent in agricultural commodities, 14 percent in metals, 9 percent in options and 23 percent in electronic options Monthly volume averaged 14.1 million contracts ...
Statement on FXCM Cybersecurity Incident
October 2nd, 2015
FXCM Inc. (NYSE:FXCM) (“FXCM” or “the Company”), a leading online provider of foreign exchange (FX) trading and related services, today announced that it was the victim of a criminal cybersecurity incident involving unauthorized access to customer information. At this time FXCM has ...
Banks Finalize $1.86 Billion Credit-Swaps Settlement
October 2nd, 2015
Suit claimed banks conspired to prevent competition Wall Street’s biggest banks have agreed to pay $1.86 billion to settle accusations that they conspired to prevent competition in the credit-derivatives markets, according to plaintiff lawyers in the private lawsuit. Twelve ...
ECB: Results of the Euro Money Market Survey 2015
September 30th, 2015
Overall money market turnover in the second quarter of 2015 fell to the level of the same quarter of 2012, with a year-on-year decline of 12% to €69 trillion (compared with a revised 7% year-on-year rise in the second ...
FXCM Inc. Announces Effectiveness of Reverse Stock Split
September 30th, 2015
FXCM Inc. (NYSE:FXCM)(“FXCM” or “the Company”), a leading online provider of foreign exchange (FX) trading and related services, announced the effectiveness of its previously disclosed one-for-ten reverse stock split. Beginning with the opening of trading on Thursday, October 1, 2015, the ...
CFTC Orders Michael E. Simmons and Global Consortiums, LLC to Pay More than $589,000
September 29th, 2015
CFTC Orders Georgia Resident Michael E. Simmons and His Company Global Consortiums, LLC to Pay Restitution and a Civil Monetary Penalty Totaling More than $589,000 for Engaging in Foreign Exchange Commodity Pool Fraud The U.S. Commodity Futures Trading Commission ...
