BNY Mellon Facing Further FX Class Action
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BNY Mellon Facing Further FX Class Action – Profit & Loss
BNY Mellon is facing further legal action over activities in its FX business as a class action suit has been filed in New York claiming it “charged excessive rates and mark ups” on ADR conversions. Read More
MiFID Shake-Up Gets Real as Wary Traders See Volumes Dry Up
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MiFID Shake-Up Gets Real as Wary Traders See Volumes Dry Up – Bloomberg
Trading volumes slumped ahead of the changes, according to two brokers with knowledge of the matter, with client business at one major brokerage in Europe almost non-existent as the rules were poised to take effect.
Euro Testing Three-Year Highs in Buoyant Start to 2018
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Euro Testing Three-Year Highs in Buoyant Start to 2018 – Financial Times (subscription)
The opening trading hours of 2018 are proving to be very rosy for the euro, which is tickling a three-year high at $1.2079.