Search Results for: foreign exchange
Barclays sued by California utility over alleged electric market manipulation
June 24th, 2015
A California water utility filed a class action lawsuit on Tuesday to recoup losses in the electric market that it blames on Barclays Bank Plc , which the U.S. government fined $453 million in 2013 for manipulating electricity prices. ...
Saxo Payments partners with Allied Wallet to drive plans for global expansion
June 23rd, 2015
Global transactions services provider, Saxo Payments, has partnered with Allied Wallet, an online payment processing and global merchant services solutions provider to support its plans for exponential market growth. Under the agreement, Allied Wallet has joined the Saxo Payments ...
Coinsetter and Shift Forex Release Bitbroker
June 23rd, 2015
Coinsetter, the global bitcoin exchange based in New York City, and Shift Forex, a leading foreign exchange consulting firm, announced the launch of Bitbroker, a new bitcoin liquidity and market data service for foreign exchange brokers. Bitbroker enables forex ...
LAT Joins Forces With FXCM UK to Launch New Trading Programme
June 23rd, 2015
The London Academy of Trading (LAT) has launched a Financial Trading Programme in association with online spread betting and CFD broker Forex Capital Markets Limited (“FXCM UK”). This new course marks another step forward in LAT’s expansion as it remains the only ...
FCA Chose Not to Chase Some Firms in FX Probe
June 17th, 2015
The Financial Conduct Authority chose not to pursue all institutions involved in the foreign exchange rigging scandal, believing that targeting the worst cases would be enough to send a message of deterrence to all. The FCA fined five banks a ...
Chinese investors protest over missing US$1.2b
June 17th, 2015
Chinese investors who sank about $1.2 billion into companies in Switzerland that did not have trading licenses have staged protests in Geneva to demand their money back. The Swiss financial watchdog and legal experts say they face tremendous difficulties ...
Grant Thornton and Foley O’Neill agree new securities finance collaboration
June 17th, 2015
Leading business and financial adviser Grant Thornton UK LLP has agreed a new collaboration with independent consultancy Foley O’Neill, which will see the two firms working together to offer specialist securities finance and collateral management consultancy services. A well-established voice ...
New senior FX structure reinforces Saxo Bank’s currency expertise
June 11th, 2015
Saxo Bank announced today that Kurt vom Scheidt has been appointed Global Head of Foreign Exchange at Saxo Bank. Based in Singapore, Kurt vom Scheidt started at Saxo in 2008 and has been instrumental in successfully growing the FX ...
BoE: Fair and Effective Markets Review Releases Final Report
June 11th, 2015
Bank of England – The Fair and Effective Markets Review today published its Final Report, which sets out 21 recommendations to help restore trust in the wholesale Fixed Income, Currency and Commodity (FICC) markets. The Review was established by the ...
Deutsche Bank’s grip on Asia FX market may slip on Jain’s exit
June 11th, 2015
The exit of Deutsche Bank co-chief executive Anshu Jain may see the lender surrender its strong position in Asia’s fast growing foreign exchange and fixed income markets, with incoming CEO John Cryan expected to cut some of the capital-intensive ...
