Search Results for: London Metal Exchange
Goldman, BASF, HSBC accused of metals price fixing: U.S. lawsuit
November 28th, 2014
Goldman Sachs Group Inc (GS.N), Germany’s BASF(BASFn.DE) and two other big platinum and palladium dealers have been sued in the United States in what the plaintiff’s law firm called the first nationwide class action over alleged price-fixing of the metals. In a ...
China’s Stimulus Boosts Industrial Metals
September 17th, 2014
Copper climbed for a second day after a report that China’s central bank intensified stimulus measures to support growth, boosting the demand outlook in the biggest consumer. The metal climbed as much as 1 percent on the London Metal ...
Trafigura Targets $8B India Metals Market With Online Store
July 16th, 2014
Switzerland-based Trafigura has launched an online store in India to sell aluminum, copper and other metals, seeking a slice of the $8 billion market and becoming the first big commodities trader to cater to hordes of small manufacturers dotting ...
Netagio Launches Exchange for Gold, Sterling and Bitcoin Traders
July 11th, 2014
Bitcoin storage firm Netagio has today launched an exchange that allows users to trade bitcoin, pounds sterling and gold. The exchange offers users three order-books, allowing trades between bitcoin and gold, bitcoin and sterling, and gold and sterling. “ ...
Phillip Futures Selects FlexTrade for White Label FX & Precious Metal Trading
June 16th, 2014
A global leader in multi-asset execution and order management systems, FlexTrade Systems, Inc., today announced Phillip Futures, a member of PhillipCapital Group , has deployed MaxxTrader, its full STP, white label FX trading system to process client NDFs, spot currencies ...
FCA Said to Observe Banks’ London Gold-Fixing Calls
April 25th, 2014
Regulators are stepping up their scrutiny of how gold prices are set, with officials from Britain’s Financial Conduct Authority visiting Societe Generale SA (GLE) to observe the so-called London fixing process, two people with knowledge of the matter said. ...
Futures trader and trading firm to pay $2.3 Million in penalties
September 24th, 2018
The Commodity Futures Trading Commission (CFTC) issued two orders filing and settling charges against Victory Asset, Inc. (Victory) and Michael D. Franko for spoofing—bidding or offering with the intent to cancel the bid or offer before execution—and for the ...
Gold’s Monetary Rehabilitation
June 4th, 2018
There is a quiet revolution taking place in the monetary vacuum that’s developing on the back of the erosion of the dollar’s hegemony. It is perhaps too early to call what’s happening to the dollar the beginning of ...
FCA released a statement on transitional arrangements for trading venues under MiFIR Article 54(2)
January 4th, 2018
Under Article 54(2) of the Markets in Financial Instruments Regulation (“MiFIR”), an EU Central Counterparty (CCP) or trading venue may apply to its Competent Authority for a transitional arrangement in relation to exchange-traded derivatives, under which the open access ...
Oil for gold – the real story
October 27th, 2017
Following an article in the Nikkei Asia Review, which reported China will shortly introduce an oil futures contract priced in yuan, there has been some confusion about what it means. The article pointed out that in combination with existing ...
