Search Results for: foreign exchange
Top news of the day, May 27
May 27th, 2015
1.FDI into Europe hits a new record with US$305b attracted into the region in 2014, translating to a 36% year-on-year growth, despite global growth slowdown. Last year alone, 43 European countries – including Russia and Turkey – drew 4,341 ...
Citi keeps top spot in FX trading as European banks slump: poll
May 27th, 2015
European banks Deutsche Bank, Barclays and UBS have seen their market share in foreign exchange trading slump in the past year, as U.S. banks led by Citigroup (C.N) grabbed business, according to widely watched industry rankings. Citigroup kept its ...
Top 10 Countries in Which Bitcoin is Banned
May 27th, 2015
Countries around the world have a wide ranging view of the digital currency bitcoin or a “virtual currency.” Western superpowers like the United States and United Kingdom have shown a positive attitude towards the new technology. Some countries like Canada and Australia are ...
Top news of the day, May 26
May 26th, 2015
1. Binary options – potential changes in regulation. At present binary options are regulated by the UK’s Gambling Commission, but only if the firm has remote gambling equipment located in Britain. If this is not the case, any binary ...
LCH.Clearnet launches buy-side clearing of FX derivatives in Europe
May 26th, 2015
European offering expands on ForexClear’s US client clearing model Four banks signed up as clearing brokers Variety of account structures provide end users with increased protection and asset segregation LCH.Clearnet Limited (“LCH.Clearnet”), the global clearing house, today announced ...
G7 finance ministers to discuss recent forex moves – Canada
May 26th, 2015
Finance ministers and central bankers from the Group of Seven industrialized nations will discuss recent foreign exchange movements when they meet in Germany this week, a senior Canadian official said on Monday. The official also told reporters that foreign ...
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 ...
Bank of Russia Buys Another $200 Million for Forex Reserves
May 25th, 2015
The Bank of Russia continued to intervene in the foreign exchange market last week after it bought another $ 200 million, the bank said on Monday. The central bank–which reports its currency market activities with a two-day lag–made the ...
Citigroup selling retail online FX trading platform to FXCM, Saxo Bank
May 25th, 2015
Citigroup said on Friday it is selling its margin foreign exchange business, including the CitiFX Pro and TradeStream platforms to U.S.-based FXCM and Danish investment bank SAXO Bank. “We believe this transaction is in the best interest of Citi’s ...
Top news of the day, May 22
May 22nd, 2015
1.The dollar edged lower versus a basket of majorcurrencies on Friday in the wake of unimpressive U.S. economic data, with investors awaiting speeches by major central bankers. The dollar index slipped 0.2 percent to 95.117, having backed off from ...
