Search Results for: foreign exchange
Central banks to create full global FX code by May 2017
September 9th, 2015
A committee of major central banks aims to finish work on the first full global code of conduct to regulate the scandal-hit foreign exchange market by May of 2017, officials said on Wednesday. The new code will deal with ...
Former Citi trader tells court information-sharing was common practice: Update
September 9th, 2015
A former Citigroup foreign exchange trader claiming unfair dismissal after a currency rigging scandal told a London court on Tuesday that the activities for which he was fired were common practice at the U.S. bank at that time. Perry ...
Bats Global Markets Reports Record U.S. Equity; European Equities Market Share Reaches 25.0%
September 9th, 2015
Remains on Track to Launch Hotspot London Matching Engine September 14th BATS Global Markets (BATS) today reported August data and highlights including record market share in both its U.S. equities and U.S. options businesses. In U.S. equities, BATS reported ...
Bloomberg And Traiana Develop Solution For FX Options Post-trade Processing
September 8th, 2015
Bloomberg STP Solutions, a global cross-asset, post-trade processing provider, and Traiana, the leading provider of pre-trade risk and post-trade processing solutions, today announced a joint effort to develop a straight-through processing infrastructure to further streamline the workflow of foreign ...
Former Citi FX trader set to challenge dismissal in London court
September 8th, 2015
A former Citigroup foreign exchange trader is to challenge his dismissal at a London court on Tuesday, potentially the first of many such cases in the wake of the currency market rigging scandal. Perry Stimpson, who was an FX ...
Asian stocks hold gains after China data in volatile trade
September 8th, 2015
Asian stocks edged higher on Tuesday after a six-day losing streak and the dollar firmed against the safe-haven Japanese yen, but gains were capped as a slump in China’s imports raised fears of a more severe slowdown there. China’s ...
China FX reserves fall record $93.9 bln in Aug as central bank supports yuan
September 7th, 2015
Global investors are bracing for data this week that could show a big drop in China‘s foreign exchange reserves as the central bank steps up its intervention to stabilise the yuan currency after its shock devaluation last month. China ...
Bye Bye Brazil
September 7th, 2015
For about a decade there, Brazil was the Latin American country that got it right. Under a socialist but apparently reasonable government they kept their budgets under control, managed the population shift from farm to city, and developed some ...
China tightens trading rules on forex, stock markets
September 3rd, 2015
China has announced tougher rules on trading stock index futures and foreign exchange derivatives as it seeks to steady jittery markets whose weakness has raised concern over the health of the world’s second-largest economy. Facing slowing economic growth and ...
CME Group Volume Averaged 16.3 Million Contracts per Day in August 2015, Up 25 Percent from August 2014
September 2nd, 2015
Equity index average daily volume increased 61 percent Energy average daily volume rose 46 percent, as WTI futures and options reached record 1.8 million contracts on August 31 Eurodollar options average daily volume increased 39 percent, driven by 124 ...
