Search Results for: foreign exchange
Greece: Bank chips inflict record ATHEX fall
August 4th, 2015
The reopening of the Greek bourse on Monday after five weeks of no trade saw losses mount to an all-time record of 16.23 points. The session was also marked by particularly low trading volume as the sale orders for ...
Securities watchdog probes automated trading
August 3rd, 2015
China‘s securities watchdog is investigating the impact of automated trading on share markets, as authorities step up a crackdown on what they regard as heavy speculative selling that could destabilize the world’s second-largest economy. China’s main share markets, both ...
$76 Million penalties for Forex Ponzi Scheme
August 3rd, 2015
In Related Criminal Actions, Simmons Sentenced to 40 Years’ and Salazar Sentenced to 4.5 Years’ Incarceration and Ordered to Pay in Total $40 Million in Criminal Restitution Both Simmons and Salazar Currently are Serving Their Prison Sentences The U.S. ...
BATS Files Client Suspension Rule with SEC
July 31st, 2015
BATS Global Markets (BATS) filed with the Securities and Exchange Commission the BATS Client Suspension Rule, which would enable the company to take swifter action to prohibit manipulative behavior, such as spoofing and layering, on the BATS Exchanges. Manipulative ...
Italy Confirms FATCA Data Instructions
July 29th, 2015
The Revenue Agency has confirmed that it has finalized its instructions for Italian financial institutions (FIs) to transmit their data to comply with the Foreign Account Tax Compliance Act (FATCA) inter-governmental agreement (IGA) between Italy and the United States. ...
Greek Stock Market on Course to Reopen as ECB Gives Assent
July 29th, 2015
The reopening of the Athens stock market is one step closer. The European Central Bank on Tuesday approved proposals for trading rules to end the four-week closure, according to a spokeswoman for the Athens Stock Exchange. The timing of ...
What are the implications of the Greek crisis for legal business and the rule of law
July 27th, 2015
What are the implications of the Greek crisis for legal business and the rule of law? At a roundtable held under the Chatham House Rule, Jonathan Rayner heard City lawyers consider the potential fallout. Greek riot police silhouetted against ...
Deutsche Boerse Buys 360T to Expand in Currency Trading
July 27th, 2015
Deutsche Boerse AG will buy foreign-exchange trading platform 360T for 725 million euros ($796 million) to move into the $5.3 trillion-a-day currency trading market. The agreement was signed by 360T shareholders including U.S. private equity firm Summit Partners, Deutsche ...
Forex Broker FXCM plans 1-for-10 reverse stock split
July 22nd, 2015
Foreign-exchange broker FXCM Inc. plans to cut by a factor of 10 the number of its shares outstanding, a move the company said is key to its effort to remain listed on the New York Stock Exchange. Shareholders would ...
JPMorgan $12.5 Billion Short in Fed Systemic-Risk Charges
July 21st, 2015
JPMorgan Chase & Co. still has a shortfall of as much as $12.5 billion in meeting capital rules approved by the Federal Reserve on Monday. The Fed assigned capital charges totaling more than $200 billion for eight of the ...
