Search Results for: currency market
China’s Demand for Gold and its Implications for Fiat Currency
August 17th, 2016
While financial market turmoil has led a number of countries to stock up on gold, China stands out from the rest due to the sheer quantity of gold it has purchased over the last couple of years. In 2015 ...
Panic dominates among currency traders in Egypt following parliament’s decision for tough punishments
August 16th, 2016
Employees in exchange companies in the informal market express concern, outrage over parliament’s recent decision to crackdown on currency traders A state of panic has broken out among exchange companies trading the US dollar following parliament’s decision on Thursday ...
Bitcoin trading booms, lures currency traders
August 16th, 2016
Bitcoin trading volume is soaring in Japan as wild price movements spur an increasing number of currency speculators to shift into the digital-money market. Japan’s leading bitcoin exchange operator said Monday that it surpassed 200,000 customers this month, rising ...
JPMorgan to use computerized technology in dealer to dealer market
August 4th, 2016
Three-year deal is for the dealer-to-dealer Treasury market Virtu is one of the world’s biggest electronic trading firms JPMorgan Chase & Co. will use a computerized trading firm’s technology to access and trade in the U.S. Treasury market, marking ...
Morgan Stanley Warns Currency Traders Worst to Come for Dollar
August 1st, 2016
The dollar is set to fall 5 percent in the next few months, the Federal Reserve isn’t raising interest rates anytime soon and U.S. economic data is only going to get worse. That’s what Morgan Stanley chief global currency ...
SEC: State Street Misled Custody Clients About Prices for Foreign Currency Exchange Trades
July 27th, 2016
The Securities and Exchange Commission today announced that State Street Bank and Trust Company has agreed to pay $382.4 million in a global settlement for misleading mutual funds and other custody clients by applying hidden markups to foreign currency ...
Nigeria: Attracting foreign investors to the forex market
July 25th, 2016
Feelers from last week’s foreign investment road-show by Central Bank of Nigeria (CBN) indicated that Nigeria’s finances and the economy as a whole may be headed to its worst external sector positions. The foreign investors have told the apex ...
OTC Clear Receives Regulatory Approval to Clear USD/CNH Cross Currency Swaps
July 22nd, 2016
OTC Clearing Hong Kong Limited (OTC Clear), a subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), announces that the Securities and Futures Commission has granted approval of its clearing services for cross currency swaps. OTC Clear expects to launch ...
Two top HSBC currency traders charged in forex probe
July 21st, 2016
A top HSBC executive has been charged with fraud in the US. Mark Johnson, HSBC’s global head of foreign exchange trading was arrested on Tuesday night. A former colleague, Stuart Scott, has also been charged. The two traders are ...
Western Union Business Solutions expands to seven new markets
July 18th, 2016
Western Union Business Solutions, a business segment of The Western Union Company (NYSE:WU) and a leader in global payment services, today announces enhanced capabilities to its WU® EDGE digital trading platform, including expansion of the platform’s fee-free* network, and availability into ...
