Search Results for: foreign exchange
Banks Said to Go to Legal Big Five in S. African Forex Probe
May 22nd, 2015
Banks under investigation in South Africa over alleged currency manipulation have hired the largest law firms in the country to advise them on the probe. Bowman Gilfillan, ENSafrica and Webber Wentzel, three of the so-called Big Five legal firms, ...
Inside Market Data Awards 2015 – Winners
May 22nd, 2015
INSIDE MARKET DATA AWARDS 2015 – WINNERS Acquisition of the Year London Stock Exchange Best Analytics Provider S&P Capital IQ Best Data Networking and Infrastructure Provider Thomson Reuters Best Data Provider (Broker) Tullett Prebon Information Best Data Provider ...
Barclays to Pay $400 Million Penalty to Settle CFTC Charges
May 21st, 2015
CFTC Also Took Action Today Against Barclays and its Affiliates for Attempted Manipulation and False Reporting of the ISDAFIX Benchmark, an Interest Rate Benchmark — the First Enforcement Action Addressing Abuse of ISDAFIX Barclays Has Now Been Subject to ...
FMA secures Asset Preservation Orders over Arena Capital Limited / BlackfortFX
May 21st, 2015
The FMA confirms that it is undertaking an investigation into Arena Capital Limited (Arena), trading as BlackfortFX (Blackfort). The FMA has obtained asset preservation orders over the assets of Arena/Blackfort and associated persons, in light of concerns that investor ...
Legal troubles continue to brew despite FX settlement
May 21st, 2015
European Banks embroiled in the FX rigging scandal saw their shares rise yesterday after regulatory fines came in lower than unexpected, despite further legal woes looming on the horizon in UK courts. FTSE-listed Barclays rose 3.37 per cent and RBS increased 1.78 per ...
FCA fines Barclays £284,432,000 for forex failings
May 20th, 2015
The Financial Conduct Authority (FCA) has imposed a financial penalty of £284,432,000 on Barclays Bank Plc (Barclays) for failing to control business practices in its foreign exchange (FX) business in London. This is the largest financial penalty ever imposed ...
ICAP’s EBS and BrokerTec combine business operations and launch new brand
May 20th, 2015
EBS BrokerTec, ICAP‘s market-leading electronic foreign exchange and fixed income business, announces today that six months since EBS and BrokerTec merged divisions under a new management structure it has made significant progress in combining its business operations. In addition, ...
ASIC releases first licensing activity report
May 20th, 2015
ASIC today published its first report on its approach to licence applications to help inform businesses and individuals wanting to provide financial services or credit, or register as a liquidator or auditor. Report 433 Overview of licensing and professional registration ...
UBS to Plead Guilty on Libor, Fined by Fed in Currency Probe
May 20th, 2015
UBS Group AG said its main unit will plead guilty to fraud in the U.S. for manipulating benchmark interest rates and pay $203 million in fresh fines after the Swiss bank violated an agreement that had allowed it to ...
ICAP’s EBS eFix Matching meets FX market’s need for auditable electronic fix execution
May 18th, 2015
ICAP plc (IAP.L), a leading markets operator and provider of post trade risk mitigation and information services, reports today on the progress of its eFix Matching solution one year after launch. The result of a collaboration between EBS, ICAP’s ...
